Amidst the sturm and drang, is a deal already done? Probably. The folks on the Hill get to put on a good show, giving a scientific whipping, and then they take out the checkbook. Of course, the gubmint got eighty percent of AIG for the loan, so shouldn't the price for 700 billion be more than nothing?
Among the CHOSEN ONES, here are the Landry Longs._________________
Fedex (FDX) has made a good pullback and might create an opportunity near the 50 period average. Or not.______________________________________________
Mastercard (MA) daily. A lot of charts look like this. Topped, with a head-and-shoulders top, then the rally off the bottom last week (MA at 182)...and then some additional pullback. What's next? Does this retest the lows...and if so, does it move back up. With the low at 182, the Gann squares should be about 196 and 211 (back of the envelope)...it might be an opportunity to do some call spreads to account for volatility constriction should the market rally._________________________
MA with some Gann projections. Who knows?_____________________________________________
Good trading and great risk management to all.
Educational use only. Never intended as investment advice.
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