Daily Calls -- Weds Feb 28, 2007

Even though the indices are likely to go down further in the coming days, I don't think bulls are done without putting up with some fights. I will still consider some DT-L when strong stocks spike towards their key support levels, but profits must be taken quickly. In the meantime, I will be a bit patient with the short setup, hoping some kind of rebound..

1. AAPL: DT-L3 on bottom if it spikes towards 82 with a tight stop, IT=EMA50=66.2. Also consider S1 on top if it spikes towards 86.6 with a stop just above.

2. ADSK: reported Q4 in AH, traded mostly between 37.7 and 39, key S/R: around 35.6, around 37.3, EMA200=36.3, near 40, 41, 41.83 (day high).

3. BIDU: speculative DT-L2 on bottom if it spikes towards 100, use EMA200=98.2 as stop reference.

4. COH: L1 on bottom, entry zone 42.5-43.5 with stop just below 42.5.

5. CTRP: L1 on bottom if it spikes towards 53 with a stop just below.

6. DHI: DT-L1 on bottom if it spikes towards 25, with a stop just below.

7. DVN: DT-L1 on bottom if it spikes towards 63.5 with a stop just below 63.

8. ESRX: DT-L1 on bottom if it spikes towards 72.4(EMA50)/72.6(EMA200) with a tight stop.

9. FFIV: DT-L1 on bottom if it spikes towards 70.5 with a stop just below.

10. FMCN: DT-L1 on bottom if it spikes towards 73 with a stop just below.

11. MRVL: SW-L2 on pullbacks, entry zone 19.2-20.1 (scaled entry), with a stop just below 19. IT=21.2.

12. NTES: L2 on bottom, entry zone 19-19.5 (EMA50), stop just below 19. EMA200=18.6.

13. NUE: L3 on bottom if it spikes towards key support around 56/58 use tight stops. Also consider S2 on top if it spikes towards EMA50=61.1 with stop around 61.5.

14. OCR: L2 on bottom if it spikes towards EMA50=41.2 with a stop just below 41.

15. QCOM: L2 on bottom if it spikes towards EMA50=39.2/EMA200=39.5 with stop just below 39.

16. RIMM: L2 on bottom if it spikes towards EMA50=132.6 with a stop just below 132.

17. SONS: will report Q4 in AH, watch key S/R: 7, 7.2 (EMA50), 8.05.

18. X: L1 on bottom if it spikes towards EMA50=81.3 use tight stops.

19. YHOO: L1 on bottom if it spikes towards support zone from 28.9(EMA200)/29(EMA50) to 30.