tag:blogger.com,1999:blog-33780436.post116386894044370159..comments2023-10-15T05:05:34.154-07:00Comments on FlyingWabbit: Weekly Calls Nov. 20-24, 2006Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33780436.post-1163888059464635132006-11-18T14:14:00.000-08:002006-11-18T14:14:00.000-08:00Hi Man,All major index got a nice gain last week. ...Hi Man,<BR/><BR/>All major index got a nice gain last week. In fact, two weeks in a roll. In last two weeks Nasdaq was up 4.8%, Dow was up 3%, and S&P was up 2.9%. All closed with a bullish candle. The bull is roaring, no question about it. However, the daily charts showed the bulls were a bit tired after these two straight week's victory, specially for NASDAQ (overbought). I think there might be a micro pullback in next week, expecting them to pullback to near MA(10). The strategy to trade in next week could be short-on-top for day-trade, and buy dip for swing-trade. Below is my views on some of your weekly calls. I agree the rest of your calls.<BR/><BR/>1. Adsk Stock broke out the main resistance around 37. I would only short it if it approaches to 44 or buy it when it approahes to 38.<BR/><BR/>2. AEOS Stock looks like making the top. Enter a short position as high as possible or long around MA(50).<BR/><BR/>3. ENER Stock failed to make a new three month high. Enter a long position only if you see a bullish candle, which confirms the the recent down trend is about to end.<BR/><BR/>Good luck!<BR/><BR/>shortswingsAnonymousnoreply@blogger.com