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RECAP FOR THE WEEK OF: Feb 2, 2009
This week's influences are similar to last week only stronger and with a bias to the downside. There is a 80% chance of a sharp drop that might even results in panic selling. Subscribers are already positioned to take advantage of a drop, but it is not too late to pick up some Puts to be on the safe side. Charts are too convoluted to pick a most active day. Each of the first four days of this week have the potential to be a reversal. Very odd to see this.
Don't forget that Jobless Claims come out on Thursday. I doubt it will be good news.
RESULTS:
And a 20% it could go up? As for the first four days of the week all having the potential to be reversals, it looks like they all WERE reversals: -64, +141, -121, +106. The biggest moves for the week were shared by Thursday (262 point intraday range) and Friday (+217 points for a close).
View recent OEX REVERSAL dates.
ALL CURRENT RECOMMENDATIONS & RESULTS
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OPTION
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ENTRY
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HIGHEST PROFIT
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SYMBOL
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DATE
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PRICE
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PRICE
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PERCENT
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.OXBBH
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01/23/09
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1.20
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2.80
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133%
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.DAVBG
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01/23/09
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1.20
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2.00
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67%
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.OEWNG
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01/30/09
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1.60
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3.20
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100%
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FORECAST FOR THE WEEK OF: Feb 9, 2009
I see a reversal this week. Up in the beginning of the week, and then some selling. Wednesday or Thursday should see the most activity.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 09-Feb-2009
09:49 Full Moon
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
Tuesday, 10-Feb-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
10:00 Wholesale Trade
01:00 4-Week Bill Auction
01:00 52-Week Bill Auction
01:00 3-Yr Note Auction
Wednesday, 11-Feb-2009
07:00 MBA Purchase Applications
08:30 International Trade
10:30 EIA Petroleum Status Report
01:00 10-Yr Note Auction
02:00 Treasury Budget
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Thursday, 12-Feb-2009
08:30 Retail Sales
08:30 Jobless Claims
10:00 Business Inventories
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
01:00 30-Yr Bond Auction
04:30 Money Supply
Friday, 13-Feb-2009
09:55 Consumer Sentiment
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Source: MyPivots
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