Steve: Re: It's Like Magic
I think this battle between the bulls and bears on DIS is an absolute blast to watch. In the surge, the down trend line to 114 held like magic. Even at 105, it's in the middle of its long term trading range, so I'll continue to watch.
Got out of BEL at 46 1/4. This one made me sweat! But, it seems that the exit was timely for the day. About 1.5% gain since last Thursday. I'll take a bunch of those with the occasional 7% on DIS.
CAT has been a little 1.5% money machine. I think the big boys are playing cat and mouse with this one. The high for the day was 53.5, but retail didn't see it as it occurred before the market opened.
Looks like BA's retest held, so got in at 44 1/4. Also, went into BSC (56 13/16 to 57 1/8). Looks to me that the Big Boys were trying to get their shares for their Index funds at a cheaper price. This one was definitely not done based on the charts. Tried to get into MMM, but seems the gavel came down before I pulled the trigger. Finally, moved INTC dollars to the short-term pot.
All in all, an exciting and profitable day!
BWDIK
TB |
