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Post by novie08 on Jan 28, 2015 10:27:15 GMT -5
I'm Interested!
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Post by huh on Jan 28, 2015 10:32:27 GMT -5
I'm afraid it could fail, but potential bull flag with test of the 76.4 FIB. If it trades below for too long or closes below it, it fails. But 91.50's with tight stop a good risk/reward play if hit this week (late tomorrow/Friday open?) because of the confluence of the channel and FIBs.
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Post by huh on Jan 28, 2015 10:37:27 GMT -5
Oh yeah...if it gaps below it a little, I wouldn't buy it until it gets back above that low FIB.
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Post by crumbdon on Jan 28, 2015 10:50:21 GMT -5
Huh, I do think you'll be right about the next big move being down. But since the MM Bots are in full screw-the-little-guy mode, I can't help but wonder if they will fake everyone out first by tagging that 2065-67 area we talked about the other day. That would have a lot of leftover QE-tards feeling comfortable staying/going long then. Great place for a trap, IMOHO.
IF we go red today, but then magically recover to a close of SPY 204 or higher, that's what I suspect will be in play. Only a significant drop in the VIX up in the 2060's would lead me to believe that we were going to continue upward.
Now that I said it, I spoiled it fer sure....
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Post by Herceg on Jan 28, 2015 10:57:36 GMT -5
I love how volatility brings out the best in us all................ JMO and BOL............
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Post by crumbdon on Jan 28, 2015 11:04:51 GMT -5
Rats. Had a lowball bid in for SPXS at the open for 20.72 Missed it by 3 cents.
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Post by huh on Jan 28, 2015 11:17:23 GMT -5
Huh, I do think you'll be right about the next big move being down. But since the MM Bots are in full screw-the-little-guy mode, I can't help but wonder if they will fake everyone out first by tagging that 2065-67 area we talked about the other day. That would have a lot of leftover QE-tards feeling comfortable staying/going long then. Great place for a trap, IMOHO. IF we go red today, but then magically recover to a close of SPY 204 or higher, that's what I suspect will be in play. Only a significant drop in the VIX up in the 2060's would lead me to believe that we were going to continue upward. Now that I said it, I spoiled it fer sure.... I think we could see another H&S-RS-Squeeze-to-new-highs again. Remember, if the indices tank, many of the stocks have already done so. I've been working on my buy list.
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Post by huh on Jan 28, 2015 11:21:31 GMT -5
YHOO support sits ~45.35 and would backtest a potential bullish pattern targeting a little over 57. But I think I'd rather play BABA instead. YHOO's bound to have hungry MM's already in their pocket for this spin-off deal, so BABA's pps likely to gain more than YHOO's. And who knows, if it all works out well, might be able to take gains from BABA and put it into YHOO just in time to reap the reward of YHOO's successful spin-off of BABA as well. BABA reports earnings before market open tomorrow. But I think I'll wait for GOOG's earnings after the close on the off chance of perhaps grabbing BABA even lower ~mid-80's. It's a plan anyway.
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Post by huh on Jan 28, 2015 11:25:17 GMT -5
MNKD worst case support now ~6.19. LOD in MNKD 6.19 exactly. Breakout backtest now complete. If it loses that support now (& I think it will), it remains a H&S pattern (actually, more specifically, yet another H&S-RS-squeeze-to-new-highs pattern). Under 6.19 and I won't be looking at it again as a long trade until sub 4.
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Post by huh on Jan 28, 2015 11:40:30 GMT -5
I think we could see another H&S-RS-Squeeze-to-new-highs again. Remember, if the indices tank, many of the stocks have already done so. I've been working on my buy list. But this is all predicated on the idea that AAPL DOESN'T hit 122+ first.
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Post by huh on Jan 28, 2015 11:41:27 GMT -5
AAPL topping pattern, target ~113. 117.50 major resistance now.
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Post by huh on Jan 28, 2015 12:15:42 GMT -5
Today's chart action implied that both YHOO & AAPL should close red tomorrow. AH's seems to be pushing otherwise. We'll see. YHOO already saw some red. One more to go.
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Post by huh on Jan 28, 2015 12:20:07 GMT -5
AAPL topping pattern, target ~113. 117.50 major resistance now. AAPL testing that resistance now in 117.30's. Turning out to be a H&S pattern, so could possibly do a head test, BUT... But this is all predicated on the idea that AAPL DOESN'T hit 122+ first. Don't you do it AAPL. Don't you do it!
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Post by novie08 on Jan 28, 2015 12:23:43 GMT -5
Looks like it could happen tomorrow. Or even AH. This is what happens when the Fed speaks.
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Post by huh on Jan 28, 2015 15:25:12 GMT -5
Seriously though, how much damage could the market really take in just the last 35 minutes...?
Muhahaha
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Post by huh on Jan 28, 2015 15:32:49 GMT -5
YHOO support sits ~45.35 and would backtest a potential bullish pattern targeting a little over 57. But I think I'd rather play BABA instead. YHOO's bound to have hungry MM's already in their pocket for this spin-off deal, so BABA's pps likely to gain more than YHOO's. And who knows, if it all works out well, might be able to take gains from BABA and put it into YHOO just in time to reap the reward of YHOO's successful spin-off of BABA as well. BABA reports earnings before market open tomorrow. But I think I'll wait for GOOG's earnings after the close on the off chance of perhaps grabbing BABA even lower ~mid-80's. It's a plan anyway. BTW, don't buy YHOO ~45.35 because of this. Need to see if it holds, or instead fills the gap below ~40.00. Market still susceptible to a gap down.
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Post by huh on Jan 28, 2015 15:37:38 GMT -5
EA still up 12.5% on positive earnings, but looks as if might be putting in a rounded top.
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Post by huh on Jan 28, 2015 15:44:27 GMT -5
LOL. From ST: Gordon_Gekko_2015 $AAPL Just heard a thud and saw a bull land on the street from a 100ft fall. He was screaming $125 ....125. 120.... Oh 115
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Post by crumbdon on Jan 28, 2015 15:45:10 GMT -5
SPY 200 w/ 15 mins to go.
Do or die. Seriously.
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Post by huh on Jan 28, 2015 15:51:47 GMT -5
trademonkey8 $BABA Um, I'd like a "Do Over" on this trade please. Bwahaha I'm getting a kick out out of some of the posts today.
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