to all: (and S.C., pham): in the interest of education, pham, I like some on your new list...last Friday, I added some extended issues to my "PSYCLE sm" pot. S.T. top list....and, of those, EMC, FITB, RXSD, TAN, made my list as well....remember, a stock like BBY certainly is parabolic, but I still prefer to wait for more of a rolling top, etc., even if I miss some....
anyway, many Extended Banks, Finls., Aero/Def., Health-relateds, Consumers, Blue chips, "names", may certainly be setting up here....as education, view those patterns, S.T., for possible drops towards their 200 day MA"s, remember ? with preset stops when/if patterns abort, which is why we diversify always, and L.T., in-the-money options where suitable Only, etc.:
HBCCA, IRIDF, ELNK, XYLN, PHBK, TROW, CINF, APOL, GART, JCOR, THRX, SEPR, COFI, MRK, ASO,CBR, HNZ, MER, OMC, HRS, OG, CF, DAL, CBS, CGP, and, watching these: MAIR, WCII, SZA, SUB, CYN, TNB, COA, SNS, MTC, FNM, EMR, STI., GD, DF....
again, sometimes we get taken out very quickly, but have done very well in many/most, given out over the last year-plus, right ?
remember, some S.T. tops, may become a bit longer, and our avg. holding period remains 2-3-4 months, but we have no unrealistic expectations, nor "need" very-short-term moves to satisfy our psyches,
but it just "looks" more toppy here than bottomy for many stocks, and my "PSYCLE sm" always goes where the moves seem the most obvious....
last, I still hear nothing but talk of 10,000 on the Dow, yet we are not even at 9,000 yet...people seem a bit too fat-and-sassy here, and I am getting pressure from my long-side followers, which usually presages a correction, dig ? I am not perfect, but sharing what I see, as always, for others' benefit....we shall see....will follow-up soon.
oh, and, note, the "pops and pullbacks" we seem to be getting/have gotten in the Oil Service issues recently, still smack of stage 5 or 6 in my "PSYCLE sm", as I said, but the depr. Golds, still act fine, to hold,from their lows, for the Long side....enjoy,
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