Daily Calls -- Thur March 15, 2007

For a moment, the market looked like a playground for the bears, where bulls were running for their lives, but then the bulls turned back and chased the surprised bears all the way up till the close. Even though the major indices made intra-day lows that was below the previous lows, bulls' ferocious comeback marked the test a smashing success. As the result, I expect that the major indices will be range bound between their EMA200 and EMA50. Bulls will have a bit more time to make their case, but I doubt bears have enough patience to sit tight and listen up.

1. AAPL: DT-CTT between 88/89 and 93 use tight stops. bias on the long side.

2. BIDU: S1 on top if it spikes towards 102, with a stop just above 103, EMA50=98.2

3. BOBJ: S1 on top if it spikes towards EMA50=36.8 with a stop just above 37, IT=EMA200=35.1.

4. CHAP: Speculative S3 on top with a stop just above 52.5, IT=EMA50=48.7.

5. ICE: DT-S2 on top if it spikes towards EMA50=135/138 use very tight stops.

6. MU: bull divergences continue to develop, either L2 or buy calls.

7. TIF: it is topping out, may consider buying puts here.

8. URBN: it is topping out, may consider buying puts here.