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Wednesday, September 15, 2010

Interesting action

There is resilience within the current dynamic. Looks like, for now anyway, the 150/200SMA levels are acting as support for the SP500.

What I also find interesting, IBM and AAPL are pretty resilient. This could be the start of a new trading dynamic for both stock. IBM to no longer test the low twenties, and maybe even surpass the 132 top end resistance. Likewise wtih AAPL, as I am getting the sense the momentum players are simply itching to play this puppy again.

Entered some AAPL while maintaining my market protection. Will not hesitate to add to AAPL on any pull back below 265.

I do not think IBM will pull back any more, but I have plenty of IBM.

(the goal is making me more focused)

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