John, did play CSCO this am went it showed bearish diverg on the 5-minute. I don't see a pretty diverg on the dailies, so I just played it for a buck + 1/2. I'm out of it now. It's high was 85, good call on your part. I don't like the diverg on the daily however. But that is just me, and WDIK.
Also went short ANN when I mentioned it the other day. Watching my position carefully.
Also, JBL and SLR are pretty interesting. Both went up very big yesterday, I had been watching both for a short due to diverg in the daily. Had played SANM in early Dec (all 3 in same group). SANM is wacky, have to have nimble fingers on that one (or a strong stomach). SLR has been showing heavy distribution for the last few weeks, while the price continued to move up. Unfortunately, I didn't play these, due to earnings being out this week (they both blew away the estimates). The FA can really screw up the TA in this type of example, so I just stand aside when I see the earnings coming up.
Just watching the indices for diverg......and then I play my faves if diverg occurs.
A few that are setting up nicely on the dailies are EDS, ORCL, PGNS. All for shorts. Not there yet, but I am watching.
Debra |
