Even though both DOW and SP500 declined today, I doubt anyone would seriously consider this a winning day for bears, with NASDAQ just a hair away from the recent high, things just look bleak for bears. Sure, the herd mentality may be blindly bullish, but the question is, if the time has arrived for those with insights and visions to take an opposite stand??
1. AAPL: L1 on pullback use 88.2-88.5 as the stop zone, key resistances around 90 and 93.
2. ADI: reported Q4 in AH, traded mostly between 34.4 and and 35.3, solidly above 9 month high around 34.5, resistance around 36.5. Trade on the long side.
3. ANF: reported Q4 in AH, traded mostly between 78.6 and 81. Look for the short side if it stays below 80, with IT=EMA50=77.4. A close below EMA50 may warrant a hold on short position.
4. COH: DT-S1 on top if it spikes towards 50.4 with a stop just above 51, IT=49.
5. CRM: issued warning in AH, traded mostly between 44.7 and 47. Look for the short side if it stays below 47, IT=EMA50=43.6.
6. DVN: L2 on bottom if it spikes towards 65.2/66 use tight stops., IT=67.3
7. ERTS: S1 on top if it spikes towards 54.5 with a stop just above.
8. ESRX: speculative DT-S2 on top if it spikes towards 80.6 with a stop just above.
9. RIMM: L2 on pullback use 139 as stop, break out imminent? (IT=150).
10. SNDK: speculative L2 on bottom if it spikes towards 39, stop just below 39.8.
11. WFMI: reported Q4 in AH and the MA news, traded mostly between 46.8 and 48.4, key S/R: 46.6 (EMA50), 47.5 (AH support), 48, 48.4 (AH resistance), 50.
Wednesday, February 21, 2007
Daily Calls -- Thur Feb. 22, 2007
Subscribe to:
Post Comments (Atom)
4 comments:
FW,
About the tradestation question I have no idea if it can do this type of strategy. I am going to post your question in the Tradestation forums and see what type of response I get. I know if you are skilled programmer you can pretty much do anything but I'm not a 100% sure. I will find out for you.
Thanks Bubs!!!
I posted your question in the forums and one guy responded and said yeh for sure its possible but didn't give any details. I suggest you check out the forums for yourself. Some of the forums are available to everyone and you can ask for yourself in more detail. I will let you know of any more replies.
Bubs:
thanks a lot for the info, I guess I really need to think about switch to the Tradestation now.
have a good Friday!
fw
Post a Comment