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Post by jacksrbtr on Mar 26, 2015 9:44:31 GMT -5
Hey, more than once in the past 2-3 weeks I've mentioned the possibility of going as low as that 2020ES area, but NO- no one ever listens to the dog! Where would that area bring APple, Crumb?
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Post by crumbdon on Mar 26, 2015 9:45:13 GMT -5
I hope this isn't another slow sell-off day. That would be bad for the market. it!!! I'd love a quick flush, but feels like probably not today. I think today is for sweeping stops. Maybe even green today. Flush tomorrow or Mon, maybe?
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Post by huh on Mar 26, 2015 9:48:00 GMT -5
I hope this isn't another slow sell-off day. That would be bad for the market. it!!! I'd love a quick flush, but feels like probably not today. I think today is for sweeping stops. Maybe even green today. Flush tomorrow or Mon, maybe? I was thinking ahem...hoping, today is the stop sweep before running to 2120's early next week. We'll find out shortly here. Was also thinking rotation...energy & commods to AAPL & banks.
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Post by jacksrbtr on Mar 26, 2015 10:00:28 GMT -5
Nick,ITMS bought BAC.
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Post by crumbdon on Mar 26, 2015 10:04:35 GMT -5
Hey, more than once in the past 2-3 weeks I've mentioned the possibility of going as low as that 2020ES area, but NO- no one ever listens to the dog! Where would that area bring APple, Crumb? Sorry, Jack, don't know how to call that. Flush-type fear causes such wild swings.... If I were buying AAPL, which I might, it would a conditional buy based on a major index hitting a solid target. Individual names I'm not so good with. Huh is your expert there. But again, I think anything of quality bought right here is way up 2 weeks from now. Sorry I'm useless- now you know why nobody listens to the dog, lol!
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Post by huh on Mar 26, 2015 10:11:06 GMT -5
I'll put it this way...the 119-120 area was resistance for AAPL on the way up.
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Post by huh on Mar 26, 2015 10:18:36 GMT -5
SPX could see as low as 2035-2036 today if it were to continue down from here. Which, BTW, deserves a thumbs-up shout-out to our smart friend Herceg... I would be patient............I agree with your earlier post on a slow sell-off.................the question is how long it will last........I see 2065 and 2034 areas as possibilities................ JMO and BOL...........
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Post by jacksrbtr on Mar 26, 2015 10:30:29 GMT -5
He bought BAC @ $15.35 Target 1: $15.85 Target 2: $16.60 Stop loss: is the first weekly chart close below $14.61
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Post by crumbdon on Mar 26, 2015 10:32:09 GMT -5
I'll put it this way...the 119-120 area was resistance for AAPL on the way up. That would be an awesome price, but don't know if we will see that low. If it goes red at all today, I may grab my first 50 shares.
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Post by huh on Mar 26, 2015 10:34:04 GMT -5
I'll put it this way...the 119-120 area was resistance for AAPL on the way up. That would be an awesome price, but don't know if we will see that low. If it goes red at all today, I may grab my first 50 shares. Yeah, that's why I grabbed some yesterday. It was the only one I was willing to take a risk on then. I do think it sees 137-142 yet.
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Post by crumbdon on Mar 26, 2015 10:39:15 GMT -5
Honestly, a good defense by the bulls so far today.
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Post by novie08 on Mar 26, 2015 10:50:37 GMT -5
Sneaky aren't they. With Crumb, want 100 more AAPL shares...paid 90.88 last June!!! Sure wishing had bought more.
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Post by jacksrbtr on Mar 26, 2015 11:12:20 GMT -5
Gareth (the ITMS shmuck) bought LL
"Long LL Entry: $29.85 Stop: Confirmation Below $27.00 Target: $35.25 *Please note, I am buying a smaller position so I can add to it if need be. This is a wild trading stock."
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Post by jacksrbtr on Mar 26, 2015 11:28:54 GMT -5
Gareth, ITMS, bought QCOM will post details later haven't figured out how to cut/paste on an old iPad.
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Post by huh on Mar 26, 2015 11:41:00 GMT -5
Gareth, ITMS, bought QCOM will post details later haven't figured out how to cut/paste on an old iPad. Risky play IMO. Downside ~30% with that potential multi-year H&S. I wouldn't even take a shot for a dead cat bounce/squeeze until <60. Of course they're probably using a 30% stop, so they should be fine.
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Post by huh on Mar 26, 2015 13:47:01 GMT -5
Umm...not liking this action at all >SPX 2060.
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Post by huh on Mar 26, 2015 13:50:25 GMT -5
Blah! All the action in SPX today turned out to be only the consolidation of a bear flag. And take a guess as to what the downside target is... I would be patient............I agree with your earlier post on a slow sell-off.................the question is how long it will last........I see 2065 and 2034 areas as possibilities................ ...on the nose. Good call Herceg!
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Post by huh on Mar 26, 2015 14:02:18 GMT -5
That bear flag in SPX tested the top of the channel twice, each after a bounce off the bottom, it's peak was right at a 76.4 FIB, it broke down out of the flag right on a FIB, and then backtested it.
A technically perfect bear flag for a 2060-2034 down move.
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Post by jacksrbtr on Mar 26, 2015 14:14:36 GMT -5
Gareth, ITMS, bought QCOM will post details later haven't figured out how to cut/paste on an old iPad. Long QCOM Entry: $66.00 Stop: Confirmation Below $62.25 Target: $70.25
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Post by huh on Mar 26, 2015 14:19:06 GMT -5
Gareth, ITMS, bought QCOM will post details later haven't figured out how to cut/paste on an old iPad. Long QCOM Entry: $66.00 Stop: Confirmation Below $62.25 Target: $70.25 I'll never say something against one of their plays again. Hell, with stops that wide it's pretty hard to ever be wrong! The neckline sits ~62.60. (I could probably learn something from that)
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