In reedit, an OB just under $16 hit on ZRAN doubling that position, another one is at $14.
In edit, to be on the safe side, I took the half bucker from BRCM here near the opening, no sense standing in fron of a freight train. Also took the half buck from AMGN.
That early in the day we have slow downs here on IHUB? Let's hope it does not continue today. We may have a wild one, however, my horns are still firmly attached, too many of my indicators are now showing the potential for a run much higher than the target of 1526/55, one branch of the analysis even shows a run to 1734, it all depends on the next few days of trading. For the time being, I am staying with the main scenario of 1526/55, it surely will not hurt if as we go to 1475 or so, the model flashes a potential continuation to the higher level. We are getting nice divergence of opinions, with the bearish camp increasing in its tone, all that as various BP indicators approach lows not see since last September and with the BPNDX already having made a solid turn. Other indicators like VIX, VXN P/C ratios etc. are similarly in area of past turns.
Zeev
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