Jim's cycle trades

XOM could hit par

by the end of the summer.

We are rallying today because.....

Japan held interest rates steady which allows for the carry trade to continue unabated......

TRF...long

my favorite county fund.....Target is par or $100

STP in the rumor mill

long at 40.42......not usually my kind of play.

How ugly yet?

GE still has a $1.30 downside.....How ugly will the market have to get to get GE to fall to $36.80? Pretty darn ugly.....I would say SPX 1480 minimum downside target.

The correction continues till GE trades at $36.80

GE still has a $1.30 downside to go.....The S&P and Dow therefore are headed for the house of pain....

S&P should retest recent lows

and likely undercut them by a few points.....Financials are going to bear the brunt of this selloff hence my call to buy puts on GS.....I see the brokers dealers having another 6% downside over the next several days....

SNDK is too legit to quit

long term downtrend is broken and the analysts don't believe yet

PEP is a buy right here

scared money will run to this group......also, near the bottom of the long term channel

GE is my tell

when GE trades at or slightly below $37, the correction is over....I posted this here before.....The correction is on......GS is a short....

[IIC]

How did you know Doug???

My crystal ball is never wrong

[mrmarket]

double bottom off the 200 week moving average.....Same situation occurred in 2006....I look for the stock to reach $73 by the end of the calendar year.

HUGE CALL Smitty. Congrats

[Websman]

I always suspected Webs and BIG BUBBA were an item...thx for confirming

How did you know Doug???

[Websman]

I was only trying to compliment you Jim. You're doing a great job. I am not worthy....

I feel very fortunate to be able to read your thread.

JNJ....$10 billion buy back announced today

this is a $72 by year end....Jan 65 calls are a good play.