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ajtj99

08/02/06 2:19 PM

#85960 RE: ajtj99 #85959

NDX 1513 area, the 60-minute 200-SMA, should be a bit of a barrier between now and the close

http://stockcharts.com/h-sc/ui?s=$NDX&p=60&b=5&g=0&id=p45478116446
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Justin_Tus

08/02/06 2:34 PM

#85961 RE: ajtj99 #85959

SBUX So far nothing more than an earnings run and traders taking advantage this morning's exhaustion move early this morning for a buy low and sell high daytrade. One day chart only tells you how SBUX is doing as a trader's play. Can't see SBUX going higher than 34 which might be fair value at the very most. The really big moves are in the "anticipation" in the 1-2 sessions before the report and maybe in the buy the gap or short the spike after. SBUX won't be another BIDU (92 to 67) NTRI ISRG AMZN AKAM or GRMN.