Synergy Position Trade Letter

Chunghwa Telecom Co., Ltd. (CHT) provides integrated telecommunications services in Taiwan. Its principal services include fixed line services, including local, domestic long distance, and international long distance telephone services; cellular services; and Internet and data services comprising HiNet, its Internet service provider, fiber to the building services, asymmetrical digital subscriber line services, and leased line services.

CHT has been in a trading range for the past several years. In this past year the downside as a whole began to slow. There was a nice flush in August, but the prices rapidly recovered with the strongest upside momentum of the entire trading range. At this point I will be watching for basing action and pullbacks on the daily and weekly time frames to look to take a break in the highs of the channels from these corrections as a buy trigger. I have drawn one ideal version of this setup under the candlestick chart to illustrate how this pattern may play out. The green segments are the ones which would have yet to develop. An earlier trigger may occur, but the risk would then be higher for a larger correction back into the range before it would be able to continue higher once more.

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Positions in green have triggered and are profitable. Positions in red have triggered but are not yet profitable. Those in blue have not yet triggered.

10/8/2007 TheStreet.com Inc. (TSCM) engages in the creation and distribution of business, investment, and ratings content through Web sites, email services, print publications, and audio and video programming. Beginning in the summer of 2006, TSCM has fallen into a trading range on the weekly and monthly time frames. The volume has been in steady decline throughout this past year to confirm a lack of eager investors, but also a lack of concerned sellers. Over the past couple of weeks TSCM has risen very strongly off the lows of the trading range with the strongest upside momentum of the entire trading range. Since the monthly chart shows a two-wave correction, it is very likely that we can now see a strong breakout from the trading range on the upside. Due to the extension on the daily time frame, there is a higher risk of simply entering at this level. I would prefer an entry on a correction off these highs, ideally on declining volume and slow downside momentum. It is possible, however, that this not stop here and might not correct well until it's moved another point or so. This is a stock with some nice long-term potential, so easing into a position in TSCM is the most likely strategy I will use on this one, picking it up at several levels as the smaller time frames form buy setups.

Other stocks of interest: GEF and BFAM long.

10/1/2007 FormFactor, Inc. (FORM) - I am watching for a base to form on the weekly/monthly time frames for a breakout from this third test of highs on these time frames.

Other stocks to watch: PAYX, HSP, and CHRW

10/1/2007 Pain Therapeutics, Inc. (PTIE) gave an initial buy trigger on 10/1/2007 over $9.58. It has highs so far of $11.00 (+$1.42, +14.82%).

9/24/2007 Martek Biosciences Corp. (MATK) gave an initial buy trigger on 9/24/2007 over $28.84. It has highs so far of $30.59 (+$1.75, +6.07%).

9/24/2007 Bard C R Inc. CR (BCR) gave an "early" buy trigger on 9/26/2007 over $87.46. It has highs so far of $89.96 (+$2.50, +2.86%). A lower risk entry will be to wait for a pullback to buy on the weekly time frame.

9/24/2007 Adtran Inc. (ADTN) pff watch list.

9/24/2007 United Parcel Service Inc. (UPS) gave an initial buy trigger on 10/01/2007 at $75.54. It has highs so far of $76.87 (+$1.33, +1.76%). A lower risk entry will be to wait for a longer pullback to buy on the weekly time frame.

9/10/2007 Cheesecake Factory Inc. (CAKE) gave an initial short trigger on 9/10/2007 under $24.07. It has lows so far of $22.67 (+$1.40, +5.82%). Can still be watched for a secondary setup on the monthly time frame.

9/10/2007 Automatic Data Processing Inc. (ADP) gave a short setup on 9/10/2007 under $44.61. It has lows of $43.91 (+$0.70, +1.6%).

9/10/2007 International Rectifier Corp. (IRF) gave a short setup on 9/10/2007 under $33.23. It has lows of $30.47 (+$2.76, +8.31%).

9/10/2007 Newmont Mining Corp. (NEM) gave a buy setup on 9/11/2007 over $44.79. It has highs of $48.42 (+$3.63, +8.10%).

9/10/2007 Goldcorp Inc. New (GG) gave a buy setup on 9/11/2007 over $26.44. It has highs of $33.15 (+$6.71, +25.38%).

9/10/2007 Sysco Corp. (SYY) gave a buy setup on 9/18/2007 over $33.50. It has highs of $35.90 (+$2.40, +7.16%).

9/10/2007 Altera Corp. (ALTR) gave a buy setup on 9/18/2007 over $24.11. It has highs of $25.28 (+$1.17, +4.85%).

9/10/2007 Silicon Laborotories Inc. (SLAB) gave a buy setup on 9/10/2007 over $38.17. It has highs of $44.02 (+$5.85, +15.33%).

9/10/2007 Ebay Inc. (EBAY) gave a buy setup on 9/11/2007 over $35.90. It has highs of $40.73 (+$4.83, +13.45%).

9/10/2007 Verifone Holdings Inc. (PAY) gave a buy setup on 9/11/2007 over $39.69. It has highs of $47.00 (+$7.31, +18.42%).

8/27/2007 Wells Fargo & Co. (WFC) gave an initial buy setup on 9/18/2007 over $35.79. It has highs of $37.99. The $35 zone is support.

8/13/2007 Iron Mountain Incorporated (IRM) gave a continuation buy setup on 8/31/2007 at $28.14. It has highs so far of $33.30 (+$5.16, +18.34%). My initial target is $40.

8/6/2007 Chesapeake Energy Corporation (CHK) gave an initial setup on 8/31/2007 over $32.06, but it can still have one more flush left in it on the monthly time time. It has highs of $37.77 (+$5.71, +17.81%).

7/9/2007 3M Company (MMM) gave an "early" trigger on 7/12/2007 over $88.81. It has highs so far of $97.00 (+$8.19, +9.22%).

7/9/2007 P T Telekomikasi Indonesia Sponsored ADR (TLK) gave a buy setup on 7/12/2007 at $48.50. It has highs so far of $56.94 (+$8.44, +17.40% move). Some adjusted stops hit.

6/11/2007 McGrath Rent Corp. (MGRC) gave a buy setup on 6/12/2007 over $32.16. It has highs so far of $36.75 (+$4.59, +14.27% move). Some adjusted stops hit.

6/11/2007 Shinhan Financial Group (SHG) gave a buy setup on 6/20/2007 over $125.98. It has highs so far of $148.99 (+23.01, +18.26% move).

5/21/2007 Saks Incorporated (SKS) may or may not have triggered, depending upon the entr strategy employed. If triggered, the entry was over $22.80. A few trades went off at that level to trip most stop buy orders.

5/14/2007 The Toronto-Dominion Bank (TD) gave a buy setup on 5/14/2007 at $62.89. It has highs so far of $77.63 (+$14.74, +23.44% move).

5/7/2007 Universal Health Services, Inc. (UHS) Two potential entries to day: May 7th and May 21st over the previous day's highs. Target: $90-$100. Tight trailing stops hit. Long term stops under 2005 lows.

4/16/2007 ConocoPhilips (COP) gave a buy setup on 5/14/2007 over $70.55. It has highs so far of $90.84 (+$20.29, +28.76% move). $60.00 is support.

4/16/2007 Kla-Tencor Corp. (KLAC) gave buy setup on 4/26/2007 over $54.95. Highs so far of $62.67 (+$7.72, +14.05% move).

4/16/2007 Amazon Com. Inc. (AMZN) gave buy setup on 4/16/2007 at $43.77. Highs so far of $96.73 (+$52.96, +121.00% move).

4/16/2007 Pepsico Inc. (PEP) gave buy setup on 4/16/2007 over $64.59. Highs so far of $74.25 (+$9.66, +14.96% move).

4/16/2007 Boeing Co. (BA) gave buy setup on 4/16/2007 over $91.10. Highs so far of $107.83 (+$16.73, +15.52% move).

4/9/2007 Schnitzer Steel Industries, Inc. (SCHN) gave a continuation buy on 4/16/2007 over $46.32. Highs so far of $77.70 (+$31.38, +67.75% move).

4/2/2007 Freeport-McMoRan Copper & Gold, Inc. (FCX) gave an initial buy on 4/3/2007 over $67.19. High so far of $120.20 (+$53.01, +78.90% move).

12/11/2006 The J. M. Smucker Company (SJM) gave a breakout buy setup on 2/13/2007 over $48.30. Highs of $64.32 (+$16.02, +33.17% move).

12/4/2006 Ross Stores, Inc. (ROST) gave a buy setup on 1/3/2007 over $31.15. It has highs so far of $35.17 (+$4.55, +14.61% move).

12/4/2006 Key Technology Inc. (KTEC) gave a buy setup on 12/18/2006 over $15.00. It reached highs of $31.54 (+$16.54, +110.27% move) so far. Some trailing stops hit.

12/4/2006 Granite City Food & Brewery (GCFB) gave a buy setup on 12/19/2006 over $5.35. It reached highs of $6.61 (+$1.26, +23.55% move) so far. Some trailing stops hit.

12/4/2006 Ceradyne Inc. (CRDN) gave a buy setup on 4/3/2007 over $56.00. It reached highs of $84.41 (+$28.41, +50.73% move) so far. Some trailing stops hit.

12/4/2006 ConocoPhillips (COP) gave a buy setup on 12/5/2006 over $67.66. This was a higher risk setup due to the lack of a weekly base. It reached highs of $90.84 (+$23.18, +34.26% move) so far. Some trailing stops hit.

12/4/2006 Questar Corp. (STR) gave a buy setup on 12/4/2006 over $43.65. This was a higher risk setup due to the lack of a weekly base. It reached highs of $58.75 (+$15.10, +34.59% move) so far. Some trailing stops hit.

12/4/2006 Chesapeake Energy Corp. (CHK) gave a buy setup on 2/23/2007 at $30.08. It reached highs of $37.77 (+$7.69, +25.57% move) so far. Some trailing stops hit.

11/6/2006 KT Corp. (KTC) gave a cont. buy setup on 11/7/2006 over $23.44. It hit highs of $26.67 (+$3.23, +13.78% move) so far. Adjusted stop under $21.72 on remaining.

11/6/2006 Ceradyne Inc. (CRDN) gave a cont. buy setup on 11/6/2006 over $48.33. It hit highs of $84.41 (+$36.08, +74.65% move) so far.

10/30/2006 AGCO Corp. (AG) gave a buy setup on 11/1/2006 over $27.68. It hit highs of $54.52 (+$26.84, +96.97% move) so far.

9/18/2006 Henry Jack & Assoc. Inc. (JKHY) gave a buy setup on 9/20/2006 over $21.12. It hit highs of $28.68 (+$7.56, +35.80% move) so far.

9/18/2006 Varian Inc. (VARI) gave a buy setup on 9/20/2006 over $48.75. It hit highs of $68.48 (+$19.73, +40.47% move) so far.

9/11/2006 Sigma Aldrich Corp. (SIAL) gave a buy setup on 9/15/2006 over $36.82. It hit highs of $51.07 (+$14.25, +38.70% move) so far.

8/7/2006 Stericycle, Inc. (SRCL) gave a buy setup on 9/20/2006 over $34.00. It has highs of $58.68 (+$24.68, +72.59% move). Tight trailing stop likely to hit this week.

7/24/2006 Allegheny Energy Inc. (AYE) gave an initial watch list buy setup on 7/24/2006 at $39.89. It has highs of $57.44 (+$17.55, +44.00% move). The 20 week sma is support. Some trailing stops hit.

7/17/2006 Williams Cos. Inc. (WMB) gave a watch list buy setup on 7/24/2006 over $23.29. It has highs of $35.84 (+$12.55, +53.89% move). $25.00 support.

7/10/2006 Immucor Inc. (BLUD) gave a watch list buy setup on 7/20/2006 over $19.77. It has highs of $39.96 (+$20.19, +102.16% move). $32.00 support. Some trailing stops hit.

7/3/2006 ITT Educational Services, Inc. (ESI) gave a breakout buy setup over the $66.18 zone on 7/28/2006. It has highs of $130.45 (+$64.27, +97.11% move) and support at $65. Some trailing stops hit.

6/05/2006 RPM International, Inc. (RPM) gave a breakout buy setup on 9/5/2006 over $19. Highs $25.74 (+$6.74, +35.47% move). Some trailing stops hit.

3/27/2006 Berkshire Hathaway, Inc. (BRK.B) gave a breakout on 5/16/2006 over $3000. It has highs of $4290.00 (+$1290, +43.00% move). - Brandon

10/17/2005 ASML Hldg NV N Y SHS (ASMLD) over $17.50 on 11/02/2005. Highs $34.36 (+$16.86, +96.34% move) (channel break trigger). $17.00 is support for a long term position. Trailing stops hit for shorter term position traders. - Toni

* DISCLAIMER: Results are based upon best price hit before the position was closed, or the stop if that hit first. Note: Trading in commodities and securities may not be suitable for all individuals. Consult your broker or other professional to determine your suitability. The discussions provided by Trading From Main Street are for educational purposes only and should not be taken as a recommendation to buy or sell the referenced security. Past performance is not indicative of future results.

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