Wednesday, October 04, 2006

Daily calls Oct. 5, 2006

Wow, talk about bullshit surprises! The rally must have been driving the early bears nuts, and I suspect that we will see those bears capitulate in the next day or two. Even though things cannot get any more bullish than now, I suspect a sizable pullback will occur in days, why? Because the more bullish it gets, the closer the top is, we shall see. Any short-on-top at this point is extremely risky, therefore, small than usual size must be used if I cannon resist a potentially good setup.

AAPL: S2 on top, entry zone 75.8-77, stop above 77.8.

AEOS: released better than estimated SSS in AH, traded down mostly between 45.6 and 46.2. Intraday chart shows large dump, I suspect that the top is very close.

BIDU: CTT between 79 and 85 use tight stops.

CHAP: S2 on top, entry zone 35.3-36.5, stop just above 37, IT=33

COH: S3 on top, entry zone 36-37, stop at 37.5, IT=33

COST: keep eye on key resistance around 52.5.

ESRX: S1 on top, entry zone 79-80, stop 80.51

IDEV: S1 on top just below 6, stop around 6.1, IT=5.6

OS: S1 on top, entry zone 46.7-48, stop just above MA50=48.1

RHAT: S1 on top, entry zone 22.4-23.5, stop just above MA50=23.6

SBUX: S2 on top, entry zone 36.7-38, stop just above 38.

SONS: S2 on top, entry zone 5.4-5.49, stop just above 5.51.

X: S1 on top, entry zone=57-58.4 (MA200), stop just above 58.5.

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