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Two-Third Retracement Lines Everywhere

Projected Retracement Marks:

Nasdaq:     1900

INDU:     200w SMA + 2/3.  Projected:  9500, 8400

Hang Seng Finance:     1)  29,500  2) 26,750 3)  25,000   4) 17,000

US Short Term Note Yields:  Pointing lower

GS:    Short term target $130. Ugly breakaway gap. Measures same standard deviation as the one above the primary downtrend line.

V:     Might be able to buy in low $80′s.

VNO:  One of the easiest “out of the park” home-run short sales. Too many reasons to list. Will discuss on radio during day.

X:     Defense is $53 or else $47.

XLNX:     Oppty. to buy in low to mid $20′s. Take it.

AMZN:    $115 or $105.

More later.

Disclaimer:  Author may or may not have positions in the above stocks throughout the course of the trading day. As of the writing of this blog post, author has no positions in any of the above stocks.

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This entry was posted on Monday, May 3rd, 2010 at 2:00 am and is filed under Discretionary Traders. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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