ok, we are 2 for 2 now... First Oracle, now RIMM...
...again, "buy on the dips" took place today...
I was going to take a shot at the RIMM 110c's for $3...but, it just seemed too expensive, with only 1 day left to be right... stock is at $113 after hours..ahh well....
The game is to sell, sell, sell, after summer earnings season, and before the report of winter earnings season...
The market wants you to...
..focus on the fed...
..sell anything and everything..
..doom and gloom...
...then, just before winter earnings start coming in...
...you buy, buy, buy...forget all that news about write downs, recession noise..
..now its about companies, and their earnings report..and forecast..
Next big financial report is from..
Citigroup on JAN 15th..
JP Morgan is on JAN 16th...
Bank Of America is on JAN 22
Oil service report from...
SLB on JAN 18th..
CHIPS report...
INTC JAN 15th..
TXN JAN 22...
If we keep running higher from here, I would start protecting your profits near the JAN 15th week.. especially if we are at resistance right before they report..that would be a huge tell...
tb
PS - Did you get any ENER today? Up 10%! Check out my weekly chart, looks very good.
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