This is 2007:
This is 2009:
I'd say there are striking similarities. Will it continue the same way?
We've come long way and the Dow just keeps pumping. What's next? New challenges, but we as traders need to be ready for anything.
The Calls:
APA long above $80 to above 81 then 83 to 86 areas. Short below 78 to about 76 area, breaking below to aboue74 then 72 areas.
BIDU Long to about 363 retest, breakout to 372 - 380 possible. Short below 356 to about 350
CSIQ Long above 16 to about 18 then 22 area targets. Short below 14.50 to about 12
DTO short below 80 target 77 area second target 75 area. Long above 82 to about 83.50
GNK Long above 25 to 26.75 then 29 areas. Short below 23 to about 21.50
ICE Long above 93 to about 95, 96 then possibly 98. Short below 92 to about 88
IPI Long above 27.50 to about 28.50 breaking above the 200 dma possible for 30-33. Short below 25.50 to about 23 then 21 areas.
MICC Short below 72 to about 70 then about 68--66 area. Long above 74 to 76 then possible breakout to 78.
PBR Long above 42.50 to about 44.50 Short below 42 to near 40
POT Play between channel extremes of 87 to 97. Short below 95 to above 91. Long above 98 to about 99.50. Break above 100 possible for 102-109
PTR Long above 120 to 122 area, Short below 119 to about 117 then 115 areas with possibility of revisiting 113.
SCHN Long above $55 to $57 then further to 59 and 62 area target range. Short below $52 to about $50 area.
SOHU This is a C&H . Break higher above the 67.50 to about 70 then 73 areas. Short below 63 to about 60. breaking below to about 58-56 areas then lower to 54 to 52 area.
VNO Long above 52 to about 54 area, then about 56. short below 48 to about 46-45
