After looking over the charts again, I am revision my wait-and-see decisions on my current naked options.
CVX may actually have a wider channel than I initially charted. For this reason, my wait-and-see decision is still in effect, but a little lower. I want to see if it bounces. FPL, however, looks even less promising. I will be setting a contingency order on it. If it drops below the low of today, I am out. That is my opinion, you can take it or leave it.
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