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Strategies & Market Trends : Guidance and Visibility

AAPL 272.34

-0.6%

1:31 PM EST

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To: lexi2004 who wrote (162649)	7/30/2007 9:56:19 AM
From: SirRealist	Read Replies (1) of 208838

I'd guess another shakeout today but a rebound is likely from the low. I saw NASDAQ's 2600 to 2700 as a critical reversal point with a 75 point variance way back in February when that first dip faked me out. This one's more real. Oil prices have to rise some heading into Labor Day, so Ill be spending more time trading energy stocks to the upside. Stocks like EGR and CPST and maybe NGAS again, slightly later. In another sector, IMX has set a floor around 1.50 and has been drawing some interest again. But I'm looking for another dip before late August earnings, to buy in. The downside to this market should remain for another 5 weeks minimum, though this week shouldn't be so bad.

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