Daily Call Sept. 27.2006

The bulls marched on in force today, and both DOW and SP500 closed above recent highs with bullish candle formations. The bias for the rest of the week is on the upside as the Q3 comes to the end. But things are getting so bullish that somehow I have a hunch that that will be some sharp pullbacks in the next 2-4 weeks.

1. AAPL: L2 on pullback, entry zone 76.5-77.2, stop just below 76. It is breaking out.

2. AEOS: L2 on pullback, entry zone 44.1-44.5, stop at 43.8.

3. AKAM: L2 on pullback, entry zone 47.2-47.5, stop just below 47. IT=50

4. BIDU: L1 on pullback, entry zone 86-87, stop just below 85.

5. CEPH: L1 on pullback, entry zone 59.2-59.8, stop just below 58.5.

6. CHAP: S1 on top as it approaches MA50=35.4, IDS=37, CS=35.6.

7. CTRP: L3 on bottom when it re-test MA200=43.4, IDS=42, CDS=42.4

8. DVN: S2 on top what it approaches MA50=62.9, IDS=65, CS=63

9. ESRX: S2 on top when it approaches 80, stop around 80.3

10. SONS: CTT between 5.05 and 5.7.

11. X: S1 on top, entry zone 58.8-60, CS=60, IDS=60.6. MA200=58.5, MA50=59.9

12. CHAP; S2 on top as it approaches MA50=35.4, IDS=37, CS=35.5.

13. RHAT: reported Q3 in AH, beat estimates on rev, but earning hit by expenses. Traded mostly between 23 and 25. Key levels: 21.75, 22.5, 23.25, 24, 24.3 (MA50), 24.6 (MA200), 25 (AH resistance), 26.32 (day close), 26.4 (day and recent high).