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Post by huh on Apr 15, 2014 11:53:49 GMT -5
Don't get me wrong, some of these names could have a lot more downside yet. For example, I don't want AAPL unless it hits ~483 (and it just fell under a bearish pattern that sets-up for that target). AMZN, ~280.
So my timing could be way, way off. Target numbers should be good though.
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Post by huh on Apr 15, 2014 12:01:30 GMT -5
Here's an updated IYR chart. Note the backtest (purple arrow). And it is performing fairly well relative to the major indices, even today. View AttachmentI'd like to see IYR back around its bottom BB (66.70-66.90) and fill that gap from 03/27. Since it broke over the neckline of that large iH&S, it looks like it could be forming another smaller iH&S above it. And that low would complete the RS. But it's looking strong here, so might not even get a final pullback. We'll see. JMHO
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Post by crumbdon on Apr 15, 2014 12:20:41 GMT -5
Your targets have been quite spectacular, Huh. As have all your posts. Better than many of the subscription chumps I try. You ever go subscription, I'm your first "investor".
In the meantime, we will all soak up your free stuff with a grin
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Post by huh on Apr 15, 2014 12:22:37 GMT -5
Your targets have been quite spectacular, Huh. As have all your posts. Better than many of the subscription chumps I try. You ever go subscription, I'm your first "investor". In the meantime, we will all soak up your free stuff with a grin Go back and checkout today's call on NFLX...and last week's calls on FB. Or further back - short calls on ABX (which eventually played out), or EDN (which I still think will play out), or many others. Then reconsider your post. LOL If I post enough I'll get some right, right? (and remember, I learned all this stuff free from you guys, other members no longer with us - and of course Google and trial and error. So I wouldn't charge for it.)
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Post by crumbdon on Apr 15, 2014 12:23:50 GMT -5
Mr FAS very sturdy today. Took a small position on that sub-83 dip just now, but I'm watching it CLOSELY!!!
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Post by huh on Apr 15, 2014 12:25:09 GMT -5
Another chart to watch for possible bank direction - GS would complete a gap fill (Thur's close) and a 61.8 FIB retracement ~156.10-156.20. I missed the peak in GS by 5/100th of a %. Filled the daily gap from 04/10, but not the closing gap. Bear flag forming, target ~146.85. View AttachmentGS will backtest that bear flag a little over 154. Need to see if "they" let it die, or if they squeeze the flag like they did in C. For the backtest, draw a line across the 152.54 and 153.42 lows (log chart). VIX Scams so far are saying the flag should play out. But you never know. Could get another late day squeeze like yesterday.
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Post by jacksrbtr on Apr 15, 2014 13:01:02 GMT -5
I'm hunting for Easter Eggs already - stocks to run next week after this pullback. Any buy targets anyone's watching? I'm considering things like - Tech: NFLX, FB, AMZN and/or AAPL if they hit their lower targets; DRN for real estate; Banks; FAS, or C (if it continues to outperform and holds inside its bear channel), maybe even NBG for a dead cat bounce. Definitely MNKD if it hits the lower targets. AAPL 480
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Post by jacksrbtr on Apr 15, 2014 13:03:07 GMT -5
...or better known as Jack has ran out of excuses tax deadline day. Filed yest...DON'T ever have a heart attack: had $19K opex Medical deductions yeh sure Obamacare's gonna reduce such costs. Grrrrrrrrrrrrrrrr!
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Post by huh on Apr 15, 2014 13:03:43 GMT -5
I'm hunting for Easter Eggs already - stocks to run next week after this pullback. Any buy targets anyone's watching? I'm considering things like - Tech: NFLX, FB, AMZN and/or AAPL if they hit their lower targets; DRN for real estate; Banks; FAS, or C (if it continues to outperform and holds inside its bear channel), maybe even NBG for a dead cat bounce. Definitely MNKD if it hits the lower targets. AAPL 480 Yeah, I've got anything from 480-483 should set-up for new highs, perhaps mid-800's.
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Post by huh on Apr 15, 2014 13:05:00 GMT -5
I'm getting an inkling of a feeling that someone in control doesn't like bears making money.
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Post by huh on Apr 15, 2014 13:10:30 GMT -5
Since 04/03, SPX had 2 days down, then 2 days up, then 2 days down again. We are now in a 2nd day up.
I'd happily short it if it hits 1850 today/tomorrow.
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Post by huh on Apr 15, 2014 13:54:40 GMT -5
I could've sworn the market was red earlier.
We didn't see aaaneeethiiing.
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Post by huh on Apr 15, 2014 14:13:31 GMT -5
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Post by crumbdon on Apr 15, 2014 14:18:26 GMT -5
I could've sworn the market was red earlier. We didn't see aaaneeethiiing. Evergreen Tuesday has such a reputation, it has become a self-fulfilling prophecy. But that's OK- gets us to the next short opportunity that much quicker
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Post by jacksrbtr on Apr 15, 2014 14:26:19 GMT -5
Vanishing coaster in Japan
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Post by jacksrbtr on Apr 15, 2014 14:27:54 GMT -5
I could've sworn the market was red earlier. We didn't see aaaneeethiiing. Evergreen Tuesday has such a reputation, it has become a self-fulfilling prophecy. But that's OK- gets us to the next short opportunity that much quicker OPEX is this Thursday.
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Post by huh on Apr 15, 2014 15:07:39 GMT -5
If we see SPX 1850 (yet again), it's a short to at least a little under 1804 IMO (~1850 is the backtest of a bearish pattern and 61.8 FIB from 04/10 high). I had a feeling 'they' might do that. Typical gap'n'crap high of +6-7 would put SPX ~1850. That's would be a 2up day, 61.8 retracement from the 04/09 high (which itself was also a 2 up day, 61.8 retracement from the 04/04 high). 2 down, 2 up, 2 down, 2 up... 2 down? We'll see. Still in a downtrend unless SPX holds above 1859 - the 76.4 retracement from the all time high.
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Post by maxi on Apr 15, 2014 15:20:59 GMT -5
Here's an OPEX giggle for yah.... The "news" is basing the fluctuations on worrying about the Ukraine "tensions". Apparently the "tensions" were high for a bit there and then "eased"...... LMAO!
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Post by huh on Apr 15, 2014 15:21:12 GMT -5
What do you guys think, hit enough of the targets yet for a bounce? IMHO, remaining targets still within reach so long as SPX is below 1859. FAS now down 4%, so could see some bounce here. But if we continue down, I'm not even watching the indices. Instead, some of the targets I've posted about: XLF 21.25 CHECKBAC 15.75 CHECKFB 53.95 GOOG 492 AMZN 309, 300 & ultimately 281 CHECK (BUT ONLY ON FIRST TARGET)NDX 3475.32 (fat finger) CHECKBBRY 7.20 (but more likely a little under 7) CHECKAAPL 513.50-514 CHECKIYR 67.56 CHECKWLT 5.75-5.85 LIKELY GOING TO BE WRONG ON THIS ONE IN THE NEAR TERMIWM between its 200dma and 110.50 CHECKThese are all downside targets at least, not necessarily support. For VIX, 15.25-15.61, and TVIX 6.88 CHECK AND THEN SOME ALOTSPX 1804 Added Since: C 39.56 IFFYGS 146.85 IFFYGet most or all of these, then SPX to over 1900 JMHO
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Post by huh on Apr 15, 2014 15:28:45 GMT -5
YHOO after hours - light on revs but beat eps by a penny. +8%.
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