If you like this e-zine, please do a friend
and me a big favor and "pay it forward."
If a friend DID forward this to you and if
you like what you read, please subscribe by
May 29, 2006 - Issue #008
Dell (DELL 24.81). Is this scary or what? However, the chart looks interesting. Is it worth
an initial commitment? It's been beat down so bad, is it now turning?
Other interesting charts, in my opinion: F, AFFX, SFCC, WLV, FRNT.
In the case of AFFX, 29.35 would signal an upside break-out on the daily chart.
The best that can be said for SFCC (15.93) is that it's now moving sideways rather than
declining. Although early, it may be putting in a short term bottom. It's been gapping
all over the place. An upside break-out would be indicated at 17.66.
WLV (3.12), after putting in a bottom 4/26 at 2.51, is looking good for go. It's in
copper. Maybe that's a good thing, these days. There are no options trading, but at this
price, the stock is like an option with no expiration date.
FRNT (6.32). Last week, I mentioned JBLU. These airlines didn't participate in the up
move with the other transportations. Instead, they were beat down. Maybe, it's their
And how about F (7.31)? It's looking like GM really started something.
The markets are so unsettled that implied volatility appears to favor option sellers,
rather than option buyers. Take that into consideration when planning your moves.
All of this sounds like I'm bullish. I'm not.
As far as the broad market indexes are concerned, I'd bail on rallys. But that's just me.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!