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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (49820)	5/8/2013 1:55:47 PM
From: Fintas	Respond to of 218510

Sorry but I see things a bit differently. APPLE is well off it's highs and if others want to chase it so be it. Apple FA hasn't changed. Apple is acting defensively to shore up it's price and the risk down continues to be there. GOOGLE has money coming in but from 800 to 880 or even a 910 that's 10-13%. Hardly worth the risk of 15-20% down given the overbought status of the spy. I'm selling covered calls due to certain equities numbers offering such.. I'm buying puts on the spy due to numbers and not an opinion.. Many a stock is at a range that will not be sustained and selling will occur. Indexes are overbought. I don't care what large is doing or in fact saying. Here and now many continue to look UP yet ignore down. I say yes be aware of UP ex BAC to 19/25 IN TIME!!! BUT.. don't be ignoring that gap up in that 11.75 area. OR that GAP UP in the spy at 159 ish. ALL..IMHO Fintas