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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: seaspot who wrote (4833)	2/19/2011 1:09:28 PM
From: Fintas	of 41057

Oh they did their best to pin many or get them close. EX. MSFT/DRYS/GOOGLE. I wrote msft calls and closed them. I'll continue to do that around the core. At some point with MSFT I'll go large with call leaps. That drys is one manipulated stock. Yet as with JDSU sooner or later it will run and run hard. I won't get cute with drys and just hold core and continue with calls. I suspect it's going to be taken at some point. JDSU and that one is fun to watch now that I'm out. I'm looking at under 19.44 to come in with call LEAPS. I'm done with the equity. Notice the strength in INTEL. I'll take call leaps as previously discussed and continue to hold the core. Notice how strong CAT is. I EXPECT it to roll over soon as I do many but that will be a good opportunity if it becomes oversold. Notice what JPM and BAC are doing. Remember the banking sector has LOTS of ROOM to run. Look at the supporting tech indicators for the sector. Ditto drugs, savings and loans, health care. So what's it mean. Well I had stated this thing could push towards the 1360-1370 and who knows 1400-1410 BUT somewhere yup somewhere a pullback to at least the 1240. But the higher we push the lower we can come down or hello 1180. OH and I'm a supporter of that 1560. Just not sure WHEN. Notice the djia also pushed higher and took out that 12350. That supports 12500 ish. YES...... This baby got legs but even the best athletes need to take a break. Don't let em shake you out. UNLESS you want to be.

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