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.
