Daily Calls, Weds Nov. 29, 2006

The bulls held the line today, and pretty much just that. Overall volume was a bit higher than yesterday. The fact that bulls failed to recoup a significant part of yesterday's big loss could spell trouble for them, as the another leg-down scenario remains very much possible. For the trading strategy of next few days, I would like to actively seek short-on-top setup with stops just above their Monday's high, on the other hand, long-on-bottom for the very strong stocks pulling back near major support levels can also be considered.

1. AAPL: DT-CTT between 89.5 and 93.2 use tight stops, bias is on the long side.

2. ADBE: DT-L2 on bottom if it spikes towards 38.8, stop just below MA50=38.5

3. AEOS: DT-S1 on top, entry zone 46.6-47.2, stop just above 47.5, IT=MA50=45.2. It suffered a mini technical breaking-down today, keep close eyes on it tomorrow morning, and be ready to take a position when the opening signals are right.

4. AKAM: DT-L2 on bottom, entry zone 45-46.1, stop just below 45. It closed around MA50 today.

5. BIDU: DT-L2 on bottom, entry zone 103-106, IT=110.

6. BRCM: DT-L1 on bottom if it spikes towards 31.5, stop just below 31.2. MA200=31.6, MA50=31.4.

7. CHAP: DT-L2 on bottom, entry zone 42.8-43.2, stop just below 42.8.

8. ERTS: DT-CTT between 55.5 and 58.5 use tight stops.

9. ESRX: DT-L2 on bottom, entry zone 67.51-68, stop just below 67.3, IT=MA50=69.4.

10. FFIV: DT-L1 on bottom if it spikes towards 71, stop just below 70.5.

11. LRCX: DT-L1 on bottom if it spikes towards 50/51.7, use tight stops. MA50=49.7.

12. SONS: L1 on bottom, entry zone 6.16-6.26, stop just below 6.1, IT=6.5.

13. RACK: DT-L1 on bottom if it spikes towards MA50=32.1, stop just below 32.

14. X: DT-L2 on bottom if it spikes towards 70.4, stop just below 70.

15. FMCN: DT-L2 on bottom, entry zone 69-69.5, stop just below 69.

16. ENER: will the support around 35 hold up?