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Hit it Run!

By

Good luck into the close!

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People in the world tryin to make ends meet
You try to ride car, train, bus, or feet
I said you got to work hard, you want to compete
It's like that, and that's the way it is


(Run-DMC)


Alright, I know Minyanville is all about the metaphorical imagery but this is gettin' a little ill. Hoofy just bounced into my office wearing a green 'do rag, unlaced Adidas and enough bling bling to blind a cat. "What up, T?" Uh, not much playa--Snapper is trying to get drizzam but he keeps gettin' beat down. Now, with Chambro set to rap out, the whole 'hood is posing and posturing. Be-atch!

Yes, I may be losing my mind but please, Minyans, don't lose yours. The decisions you make into the close will make the overnight bed you'll have to lie in. Is it all about Cisco (CSCO:NASD)? Well, initially it is...but by this time tomorrow, the A.D.D crowd will have already shifted their focus to Mr.Beeks and the looming payroll data. Also, lest we forget, there's an entire world out there and any hints at further terrorism (bit my tongue) likely won't be brushed off as easily.

The NDX has spent the last five sessions jammin' in a zone (1480-1500) and the zillion dollar question is whether it's basing or churning. A quick peek of the semi stochastics argues for the former although, to be consistent, there is alotta optimism priced into current levels. Until NDX 1450 is breached, however, the dip shtick will likely remain good and thick.

On the big board, keep a quarter eye on the cyclicals. They, too, are close to stochastic buy signals and approaching both the CYC trendline (from March) and 50-day moving average. The financials are the other tell tale complex as they keep bumping their keppe at the psychologically important BKX 1000. Between that and S&P 1150, we have our upside lines in the sand.

Finally, thanks again for your patience as we edge closer to the February 16th monster launch. I've been overwhelmed, to say the least, but I'm confident that you'll understand why once you see the results. Buzz & Banter will allow for a continual stream of insights and observations and News & Views will get some fresh mojo. All good things in all good time, my friends, but remember to enjoy the journey. For by the time you reach the destination, the ride will have already ended.

Have a peaceful night.
No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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