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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (48745)	11/16/2012 3:12:23 AM
From: Johnny Canuck	1 Recommendation Respond to of 69852

SP500 continuing on with day 2 of the current thrust. There should be one to two more days for this move. Look for Monday to give us more of a sense of what the true sentiment of traders are in the intermediate term as options expiration will be out of the way. It looks like a lot of option traders were caught flat footed this month. Same comment on the DOW as SP500/ DOW transport held the bottom of the channel for now. Look for confirmation tomorrow. COMPQ still in a strong intermediate down trend. The index is already down more than 10% and it looks to test the next support level at least. Finances surprising held it ground today, so we need to wait for the next thrust to start a new trend. Energy sector pausing and waiting for the next thrust up or down. Gold re-tested the gap, it will continue to roll over will re-test the localized high from last week. I don't expect it to re-test the 52 week high till the index does some more work lower down. Natural gas setting up for a potential double top? Continue to let your stops take you out of your positions. No reason to try to call a bottom just yet. It takes time to form a bottom and to repair the psychological damage.

To: Johnny Canuck who wrote (48745)	11/16/2012 9:32:58 AM
From: robert b furman	Respond to of 69852

Hi Johnny, I've sold 50 puts laddered out from Jan 2013 to January 2014. If put to me I'll be buying a net price from 19.17 to 18.00. Dividedn yield would pay 4.7 % to 5.0%. I'll be happy to go either way. at 17 ish I'll buy the stock on a onger term hold. Intel isn't going anywhere and servers /datafarm will be built forever. PC's and laptop will become phones. Aapl will have many competitors and their margins will come down as global volume rockets up. Every body will have several. Just a note to say I appreciate your posts on the general market. Thanks Bob