New Post NBR chart / earnings http://zstock7.com/?p=1793

DE member follow up 46.5 + 5% = 48.8--new short sell price

MGM must be flatlining. they report on the 30th

estimate wise $14 is still the target price for a short sell

Lehman gap talk heating up. We will go through the gap. Thats where you short. 300 up points in the DOW might be more like 400 points.

APA 104, what!, someone do some fib lines--the fib lines shorts will WORK!

BIDU $495 possible target, who's laughing now--I told them not to go short__++$15 today

i bought in last week at 405 calls
do you have a time frame?

ENER showing an interesting pattern on the 60...looks like UNG when UNG tried to establish a bottom in June. Double bottom traders are propping it up. take a look.

XOM 100 day weekly is 76--That seems like a logical target for a short sell try--I noticed Goldman / Saks 5ht Ave. used the weekly 100 day a lot OCT-NOV 08 on XOM

NDAQ gap up tomorrow--could happen. ICE and CME improved, NDAQ seems to be lagging.

Looking for about 300 more up in the DOW-- I'd like to enter shorts there.
target list:
FXP
DUG
SRS

eat

EAT reports 10-20, they'll probably miss and go down--I'd buy the dip--EPS is still ok.

---

LEAP is a falling knife--it it's down on Monday, why would you TRY to catch this falling knife?--It's the falling knife rule---WAIT for the first up day, then go long--BB lower band is 12.5 or so.

My name is Amy, I hold 2k QID and I plan to sell 1k before aapl earning and hold 1k overnignt. Your advise please!

for this week, I think Q's go higher.

Thanks!

Hi Amy--I thought you were long the QQQQ--not short---I don't trade 2X indexes--so I don't know their symbols--I thought you were long Q's--sorry I gave you the wrong information--I didn't know QID was short the Q's--I would have told you get out ALL

GDX chart in the member's area--$$$ http://retracementlevels.zstock7.com/?page_id=12

LEAP and NDAQ, I didn't like the way both closed on Friday--I'm using 1% stop losses

NBR short at 22.5 or 23.2--see explanation on earnings play here http://zstock7.com/?p=1790&dsq=20306347#comment-20306347

NBR reports Tuesday--that either goes down 6% on earnings or goes up 2%, ( because everything is massively beating earnings) If it goes up up, short it right away.--So in essence--what to do? Short NBR at 22.5 into earnings and get the 6% drop. or short after earnings if it's up 2%--so I have to short it at two prices--___if, it goes up on earnings--do you get it?

Hi Nergo,
Winace has a chart of BEN
http://www.channellines.com/2009/10/prophetcharts-ben_16.html
It's right there at one of his lines--I looked at BEN eps history and 111 looks like it could be the short sell price--or
150 - 15% = 127--2010 target price--so 111 is right in the sweet spot!

Thanks

stop loss LEAP--14.25, I was stopped out 14.60, LEAP turned into a daytrade for me. I,m getting back in Monday.

Thanks Zee. I'll probably buy LEAP too. At least a 30% position because I
keep thinking of a further market decline because of earnings report this
week. If poor LEAP may drop more. I heard one guest on FastMoney from a
brokerage firm say he suspects poor earnings this week.

The indices are already toppy and any inkling of bad earning news could be a
big sell off.

fast money is WRONG!, imo ---SP500 is gynornous beating earnings this week15% to 20%, all that up percentage has to get added to the Dow--so at least 1/4 of it = 4%

Well ... after yesterday's red day ... that guy on FastMoney might be
correct. We will see.

Do you remember me posting a qqqq chart 3 month's ago--short QQQQ at 43.6 = 61% fib?
I'm trying to locate that chart again--- http://zstock7.com/?p=1506

Yes I do, Zee. About several months ago you did post something about
shorting QQQQs in October. I believe you related the QQQQ notice to after
October 12th and earnings season when the QQQQs would 'peak' and then time
to short. At the time I thought you thought earnings would be disaster and
we would already be shorting when the poor earnings came out. But, as you
know, most earnings were not that bad. I guess your saying now its time to
short real soon. The Chart?? I did not save that one.

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