KENA wrote:133.94 needs to be taken out next then lower..Lets see.
here is my 'guess' (and i'm still long at this point ) we close between 1338-1340 and gap down tomorrow. If not then 1370 is the likely target. What happens inbetween don't matter.
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I believe you did that yesterday and we rally sharply.... just remember....
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KENA wrote:133.94 needs to be taken out next then lower..Lets see.
here is my 'guess' (and i'm still long at this point ) we close between 1338-1340 and gap down tomorrow. If not then 1370 is the likely target. What happens inbetween don't matter.
Have seen this before. Days of back and forth between support and resistance and then all the indices close at support one day and then they gap it below support the next morning. Not saying this is going happen but its an observation. Still long and strong until we break 1340 on a closing basis.
key line to watch. bears need a lower low first, haven't seen one for long long time.
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I'm no options expert, and I am doing 3 things at one, but with SPY at 134.50 the 133 puts are trading at 37 and the 136 calls are 16. DOUBLE? I don't like the bear's chances with that and I'm not bullish!
soku wrote:wow aapl lost 500 mark?
wow aapl is red?
wow
Is going to 10 MA 480 then who knows (maybe lower maybe higher)
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
soku wrote:wow aapl lost 500 mark?
wow aapl is red?
wow
again, pay attention to AAPL volume. the very first down day with huge volume is bearish. it's not an exhaustion.
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cobra what you mean is not an exhaustion? means it can go up further from here... but the trend is starting to become bearish? please advise as I want to learn..
grachu wrote: cobra what you mean is not an exhaustion? means it can go up further from here... but the trend is starting to become bearish? please advise as I want to learn..
I mean don't confuse this with exhaustion. it's bearish volume not exhaustion volume. So the chart is bearish.
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This EASILY looks like a ZZ down. But it would be fitting to make people not be that short (although puts say otherwise) before a collapse by holding it today.