new post-- http://zstock7.com/?p=1776#disqus_thread

OIH 200 day weekly is 135, I can't find any eps among it's holdings to support OIH going higher than 135 this year

RIG is the only wildcard in the OIH holdings--I can easily see RIG getting to $100 or another 8% higher--but the other holdings, at this point are probably topped out for the year

NBR ( OIH holding) target price 22.2--anything above 17 is too much, imo--21.8 right now

OIH sector--5 month chart not enough info--switching over to 2 year weekly

KGC double top 23.5--It can stop me out until proven otherwise--shorting 23.15

HAL, p/e 23x --too high--although industry is using 24.4-which gives HAL a $30 price, I'm still shorting here in the 28's ahead of OCt 16 earnings

SLB, 2.67- 2009 eps x 24.4 ( SPY500 xle sector p/e) = 65.14, just so you know

XLE--I haven't done the numbers really intensely, but just glancing at the eps numbers--XLE target price for Q4 2010 is at least $78--

DRIV probably headed back down to $24--they lost #1 customer
http://www.reuters.com/article/marketsNews/idCNBNG15928620091012?rpc=44

CVX at 74, I don't understand why CVX is that high, must be some sort of flight to quality buying

bought ECA Nov 60 puts at 2.55

ECA nov 60 puts look like they move $25 per 1% move in ECA price

hey Z -

long GS
short ECA

acceptable?
thanks again.

I don't play earnings, it's usually too unpredictable for me.
10-15 THURSDAY
C 8
GS 8
GOOG
IBM
SWY

DRIV...wow

hello Z, that ECA comments on the member section and short entry price is just so great I couldnt resist not to trade.

if something as big as the internet gets invented between now and whenever--this guys predictions will be toast!---anyway look for a great Q3 earnings season! Bears should get squashed!

JCP----I'd get short JCP before Wed--just a hunch about WED retail report--not that the retail report will even matter if AH on tuesday is up or pre-market Wed is up, due to earnings reports

$INDU chart in the members area--- http://retracementlevels.zstock7.com/
Aren't you even the least bit curious what the INDU will do in OCT--from someone who gets 75%-95% of his trades correct ( that's me) --that includes major Index and ETF trades?
Join today!

Z, any thoughts on XLF, SKF, FAZ, FAS,

Thanks

Zz, any updates

The most the market can go higher is 2 to 4%, and then it has to pullback---Or It pulls back now!
c,bac,jpm,gs,ge report this week XLF could go either way

Zee, The quote below from a PH.D coach reminded me of how you seem to trade. You do allot of work FIRST on a lot of stocks to find the most highest probability trade before you give a recommendation. Maybe of interest to some traders:

" In my performance coaching work with traders, i frequently find the
reason they fail to reach their potential is because they focus on the
money rather than the trade. To be successful in trading, you need to
reverse this thought process and focus your time and emotional capital
on the QUALITY of your trades. you have to believe that if you make
HIGH Quality trades consistently...then over time, you will become
profitable. Most traders, oddly enough don't even know what their HIGH
Quality trade (or "EDGE") trade looks like. HUGE mistake. Like a
hitter in baseball, take the time to figure out what your "pitch"
looks like so you know which scenarios/trades to focus on...then the
game is left to committing to doing those AND ONLY those trades..."------

Trade well, Doug Hirschhorn, Ph.D. "The trading Dr."

Zee, I meant to email you yesterday. WOW!!! ... you were EXACTLY CORRECT to the penny with two shorts on Friday. One was ECA and the other BHI. Man ... I should have set my alert for these .... I am kicking myself!!! Zee, What an Incredible , Awesome call on ECA and BHI. You-da-man!!

Folks especially non-members, go to a Friday Intraday chart somewhere now and see for yourself. ECA and BHI reversed Friday morning at Zee's recommended price to go short. This says allot about how skilled, experienced, intelligent, and gifted Zee is. Thanks for all your diligent hard work, Zee!!! Congrats to those that set their alerts for ECA and BHI. Zee, you are redeeming yourself from your practice of 'bad picks' in Octobers. Keep up the good work!!!

Big earnings next week including GOOG. GOOG will go higher (I don't think earnings are priced in already). IBM profit takers coming in Monday morning. look to buy IBM when it Dips to 124. IBM may go higher.

TenYear, Thanks for all your input. Keep us full-time workers abreast on the latest. We are listening to you!!!!

Z, what do u think about TWM and Qid at these price levels

I think anything anti market will work.--VIX in the 23's--I'm 75% short--They ( TWM,QID) are great hedge tools for any longs you may have to carry forward--via IRA or any other instruments---

Tuesday looks so radical, I bet the market is down ahead of Tuesday-

Anybody buying VIX at $23?--( 23, right before earnings to begin) makes me very suspicious-

GS bmo tues beats, but is worried about future employment)
C ( bmo Tues) beats but complains
GOOG tuesday--Beats, but complains purchases are dragging them down!
IBM Tuesday--huge up doji star, all tail at the finish.
SFW, neg outlook trails over to TSCO--TSCO goes down too!
Next Tuesday looks really radical!

springheel_jack
Hate to say it guys, but today's action is looking like consolidation before a move up to me.

Blowoff top up to 1120 next week I suspect.

capitalisa
Time for a shot of whiskey, I'm done with this for today. Thanks y'all for keeping me entertained.

loaf_of_bread
Take a look at the IBM chart it tells why it is scary to be a perma bear.

Hi Z!
I made $4k on your TM trade.
Thank you, again!
Michelle