Jim's cycle trades

[RL]

Jim any take on BFT or LTM

[Jim Smith]

Jim's number one rule of trading:

When a stock doesn't do what you expect, and more importantly, WHEN you expect it, SELL.

[Jim Smith]

LTM>> May go sideways again for a spell before moving up again....Looks bullish to me

BFT>> Near peak from August of 2003. Moved off the 200 week ma on solid volume.
short term overbought....Worth holding, I won't add unless the summer 2003
peak is taken out.

[Jim Smith]

a couple defensive picks for a market that might get a little defensive for you long only players: PG and CLX.

[RL]

Thanks Jim much appreciated

[Jim Smith]

APA and CHK falling like bricks out a window.....These charts remind me of the nasdaq in September 2000 right before the crash.

[Jim Smith]

NTES....worth watching for a long trade....showing decent relative strength suddenly....the 10 day ma is providing some support.

[Jim Smith]

chemical stocks trying to hang on and worth watching for a long side play.......PFE will get pinned on the 25 strike.....I tried shorting PFE yesterday smelling the sell a division rat that caused the ramp .....

[Jim Smith]

AAPL....way too many puts front month....this is way oversold on stochastics....I bet, next week this gets a good pop.

[DSteckler]

NTES is trading between the 38.2% retracement level and the 50% retracement level, using the 2005 high and the 2006 low as endpoints. It needs to clear the 50% level, around 75.

[Jim Smith]

IWM going down .....IMO, this group will underperform the SPX and Dow.....but, they're all going down

[Jim Smith]

AAPL...taking a shot long....way oversold, way too many puts with expiration next week....my bet is a rally, maybe all the way to the 50 day moving average.....

[Jim Smith]

DIA....long dated puts....the weekly chart is showing some really scary symmetry....I think it's time to break out the Dow 10,000 hats again, they might just come back into vogue....bought the June 112 dia puts.

[Jim Smith]

Warning, warning danger Will robinson.....The weekly Dow chart is showing a lot of symmetry and I am concerned that we may be setting up a water fall decline into April for the Dow jones if the mirror image symmetry persists....my bet is that it does.

[Jim Smith]

AAPL is maybe my favorite bounce play,,,,,mucho front month puts outstanding....stochastics big time oversold and turning up.....