EBAY

After looking closely at EBAY's chart a distinct pattern is emerging. The stock is in a current downtrend and wants to touch the 170sma (the light purple line). So currently expect some choppy action in EBAY until it reaches the long term uptrend line. I bought some calls in EBAY last week thinking it has bottomed but looks like it has some more room to go down to $45. As soon as it touches the long term uptrend I will jump in to buy some long term calls. Note that the chart shown here is a monthly.