I was a day early too covering my OIH puts, but then again, I made a profit. Today I went long CSCO, JNPR, and IBM as they appear to be creating a base over here. They are due for a bounce in my humble opinion for a number of reasons. I have been waiting a long time to buy them and I finally feel like this may not be a bad entry point with the shorter term MACDs turning and crossing from way oversold, and as the stocks fall on falling volume (negative divergence). Also went short some AAPL.
stockcharts.com[h,a]dacayiay[dc][pc20!d10,1!f][vc60][iut!Ua5,17,9!Ul14]&pref=G
stockcharts.com[h,a]dacayiay[dc][pc20!d10,1!f][vc60][iut!Ua5,17,9!Ul14]&pref=G
stockcharts.com[h,a]dacayiay[dc][pc20!d10,1!f][vc60][iut!Ua5,17,9!Ul14]&pref=G
stockcharts.com[h,a]dacayiay[dc][pc20!d10,1!f][vc60][iut!Ua5,17,9!Ul14]&pref=G
Best regards, |