Bosco, tough to say, I am still working with the assumption that the best case is 3050 on the Naz as a high for January (I had it for next week, but who knows), my major overhead resistance is at 2850, and we are only 100 naz points from there, so I am not entering here, I am looking at selling into this rally. Unfortunately, I was not heavily "deployed" (I still had 37% cash last night, and raised some this morning selling the SC, BRCM and IDPH. If indeed I start and read a real rally here, I would say that AMATentries should be in the $45-$47 area, CYMI $31/32 and BRKS in the $32/$34. But I'd like to see this thing closing above 700 on the sox, and the big opening gap today "worries" me, as usual. Because I worry, I just sold in the last half hour, BRCD at $99.5 ($8 profit), VTSS at $62.5 ($8.5 profits), VECO at $62-3/8 ($5 profit) and JDSU at $56 ($8-5/16 profits).
I also just reentered IDPH at $164 and CRA at $41.
Zeev |
