2007-04-17

Just bought some Synaptics - SYNA @ 27.00

Idea comes from http://emasmarketblog.blogspot.com , only difference I think the target is higher - 31.00 at least.

There are small bullish H&S - in yellow, and there are bigger bearish H&S forming - in green.
SYNA:DJIA is interesting too, this is actualy what made me buy it. Here we see inverted (bullish) H&S formation.

From this chart, there are 2 scenarios.

  1. DJIA will fall sharply - I have large SDS position (2 x short S&P500)
  2. SYNA will soar, and I will sell it :-)
  3. Both 1 and 2

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