Morning SE and ALL
i had no reservations buying the OEX calls at the close..i will simply add to my position with any pullback next week...i feel the next 2 weeks will be sideways to up...next week sideways to down...
i looked at 3 indexes...SPX-DJIA-OEX..
SPX heading toward IKE's target of 1255, if we break it, onward to 1295..a new buy signal...
OEX--great support at 592, it would give a BSB Breakout at 640, not impossible..it's only 25 points away...
DJIA...here's the best one of all...the DJIA NEVER gave a sell signal...it held within the P&F peramaters on the downside, and NOW at 9400 would be a 3 box reversal UP, heading to a NEW buy signal at 9700...should be easy...
all in all, a very positive outlook considering all the recent Brazilian Turmoil...I feel it was a MUCH NEEDED Catalyst for a short term blow off correction...the presure is OFF....
i have positioned myself in a portfolio of FEB CALLS, in stocks and the OEX that i will now hold all the way to OPP EXP on the 19th, unless we get a sell signal inbetween....
this could be a breath taking rush toward 10,000+++++++....
i am very bullish after this selloff, and continue to look for other opportunities coming up shortly...
MY 2 BEST NETNUT Plays are...AOL & INKT..........AOL reports on Jan 27th, they should be blockbuster/with a poss. split annoc...and INKT already beat the street, and will run into it's already annoc. split of Jan 28th...the next CMGI?????????
i am currently holding SUNW-LXK-GDT-EGGS-CBS-, WILL ADD DELL FOR THE EPS RUN, AOL-INKT-EMC-CSCO-LU-WCOM-T.....
Man o" Man, i'm very frisky this Sat morning....:>} |
