Daily Calls, Thursday, Nov. 2, 2006

The bulls got the their Halloween tricks today, the rapid sliding into the close probably shaked some bulls. Judging from the charts, everything seems to have formed a top-reversal pattern. For the next several days, the trading bias is definitely on the short side, but try to short the bounces instead of chasing the bulls down to minimize the risks.

1. AAPL: S1 on rebound, entry zone 79.3-80.2, stop at 80.5, IT=77.

2. AKAM: DT-CTT between 42 and 47.8 use tight stops.

3. AMZN: L2 on bottom if it spikes down towards 36 use 35.98 as stop.

4. ANF: L2 on bottom if it spikes down towards 71/69 use tight stops. MA50=71.1.

5. BIDU: L3 on bottom if it spikes down towards 82/79, use tight stops.

6. COST: L2 on bottom if it spikes down towards 51.5 use tight stop.

7. DVN: L2 on bottom if it spikes down towards MA50=64.6, stop just below 64.

8. GOOG: L2 on bottom if it spikes down towards 455, stop just below 453/450.

9. LRCX: CTT between 50 and 46.2 use tight stops. MA50=46.4.

10. MEDX: S1 on any rebound, entry zone=12.3-12.7, stop just above 13, IT=11.6 (MA50).

11. SONS: L2 if it spikes down towards MA200=4.8, stop just below 4.8.

12. WFMI: consider DT-L2 on bottom if it spikes down towards 61 with a stop just below 61. MA200=61.5, MA50=61. Q3 report in AH tomorrow.

13. AEOS: reported OCT. sales in AH (below estimates and raised Q3 guidance, dropped as low as 43.75. Long when it stays above 43.8 use a tight stop, or on bottom if it spikes down towards 42.