I think if we have a close above my 1410 level, which I think we will have sooner than later we will hit 1430 for sure,, I am not very sure if this is the right time to pull the chord, yes, I am booking my profits in deep in the money's but replacing them with out of the money's. I always do that, but I would not be a fool to call the top form 1320 to 1710 and 1710 to 1980 and 1980 to 2300 on NDX we have been calling this market and calling it on support and resistanes,so far this is the best way, in between a trend to call a top is jugglary and I try to aovid it so as not to miss the trend moving upwards, now, if you really lok at it is these inter days lows and inter week lows where we make most of our money we are supposeto di it whne dips appear and people sell out, now those who miss it keep calling the tops but really it is fishing without a rod.
We will continue to do so, that is identifying the levels where if we break we will take the direction the side it will show us. I think we will need to see the levels break before we short overall the first one is 1462 it is a distant and INTC MSFT IBM earnings will ceratinly do good to the marekt. Calling market direction on interim basis is difficult. Many do it at their own failing, they have no idea of markets and have no bearing, it is like calling a direction without knowing where is North... For me my support is 1362 and 640 on Dot so if we are above it no need to worry.. Let this 660 support on DOT break or 682 on the up.. Look at ASPT and long term look at Pfe.. Yahoo ALSO deserves a look.. |
