Monday, March 05, 2007

Daily Calls -- Tuesday March 6, 2007

The bulls put up another fight as the old "buy-on-dip" habitat dies hard, and for a brief period during the session, it seemed that as it they were ready to derail the bears march, but they were out of breath and out of numbered, and they had to settle for another failed counter-attack. It is kind of ironic that bulls are no doubt turning less bullish, some early bears (including me, Lauriston, etc) are itching for buy-at-bottom-for-quick-rebound, which actually is very risky. If you want play such game for a quick profit, make sure you have a very close legit stop-loss point, and you won't get greedy when in green.

1. AAPL: follow the weekly call, CTT between 83 and 90, don't trade the mid-range.

2. ADI: DT-L1 on bottom, entry zone 33.7-34.1, stop just below 33.7.

3. ANF: CTT between 70 and 79 with tight stops, bias on short side.

4. BIDU: CTT between the support zone from 90-94 and 103 use tight stops., EMA200=98.4 will be tested.

5. CRM: consider DT-L3 on bottom when it spikes towards key support around 38, 39, 40 and 41 (strong).

6. CTRP: consider L3 on bottom if it spikes towards EMA200=54.2 with stop just below 54., IT=57.

7. DVN: DT-L1 on bottom if it spikes towards 61 with a stop just below.

8. MRVL: L1 on bottom if it spikes towards 18 with a stop just below.

9. NTAP: L2 on bottom if it spikes towards EMA200=36.4.

10. NVDA: S1 on top if it spikes towards 30, use EMA200=30.2 as stop references.

11. SONS: CTT between 6.4 and 7 use very tight stops, bias on the short side.

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