Thursday, May 24, 2007

business as usual?, buy on the dips?

POSTING AT MIDNIGHT...my favorite thing to do....

CKFR another EPS failure story, these guys like to middle man bank stuff...well EPS is not on fire, in fact it is trending down...


downside is it gets one dollar above the 200 day, but i think it fails at 200 day = 80/20 ..CKFR failed at 50 day last time, so why is anything different this time= fails at 200 day...

AMTD total EPS trend failure,



AMTD total EPS trend failure, downside is it double tops at 19.7, but who cares, the market trend is down, and the trend will be your freind....short now = 80/20

Well i don't want to be long anymore....i say DIA can't repeat any of the below scenarios...but the trend is your friend and the trend is down...
DIA can't do this either.May thru June of 06...or i'll just positively throw a fit, .slow road to china, so how and when DIA gets to 12,900, that is the question...


It seems clear to me that market top this cycle has come and gone, (at 13,600) just as XLE predicted it Would.)


so i’m hoping for controlled downward selling pressure toward 12,900.=DIA 50 day I don’t want any down days greater than 200 in one day, as this will upset my pricing channels and percent channels...so for me it’s business as usual...buy on the dips, or wait on the sidelines.. keep very tight stops in place....and find more things to short sell...
zee

Watchlist...will comment later on each stock

http://stockcharts.com/charts/candleglance.php?arw,etr,lfc,micc,svvs,driv,epd,gas,iyr,cmcBB14

http://stockcharts.com/charts/candleglance.php?avr,stp,ati,mm,bot,bbox,unfi,uti,xhb,gldnBB14

wow buy D = hot utility at 86 looks good....
buy BOT at 186... no particular reason why, cept CME at 545 and BOT (bid) = $205
buy TIE at 33 or 31, dow down to 12,900 messes up everything...
SHORT XBD BUY the JUNE 38 PUT and go for XHB retests $28....that's a thousand dollars , folks...
zee is having fun.....

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