11/02/2012 Live Update

[Xian]

AAPL: did everyone just return their iphones?

iphone5.png

The wheels are coming off... why oh why didn't I short??????

This keeps up we should hit Al's dome target in about a minute and a half...

[TraderGirl]

Apple seeing some pos d...today it fell through the 200dma around 589-590, so it accelerated down after it fell below....traders talking about 572-575 as support...

[Me XMan]

Well well I'm out now...
You see that spike in vol at $141.60?
Yup. that's me.

[Out of Bounds]

My charts are all over. the info is coming in so fast that charts can't keep up. That's what I get for trying to get internet through my 3G phone in my shack.

[ClarkW]

GDX appears to be on way to close at LOD, certainly not playing for a reversal. But will add more to DUST if/when there is one

[SB73]

do we get an end of day kick save?

[uempel]

Looking closely at support:

31.png

Thanks Uempel are those fib time series ellipses/ovals?

SPY Chart for fractal comparison of sorts (to my put chart)..

SPY.jpg

Don't quite understand the question. Fib time cycles and ellipses are not the same - unless we focus on the 50% Fib. Think of the ellipses as a channel with a center line, but it works in two demensions: not only the y-axis of the channel, but the x-axis (the time axis) too...

[Cobra]

members only update at 3:52pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[Cobra]

guys, before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[jarbo456]

i added to AAPL at 615.

i'm adding to AAPL at 580.

per my risk protocol, i'm able to add a final leg at 540.

below 540 i'll be cutting the position.

jarbo: what makes u buy at lower lows?
are you looking at fundamentals or purely technical?
just curious
glad to c a buyer in aapl

i sell chunks on the way up usually missing the last bit of the move, and then i buy chunks at lower prices around areas where i think there will be a potential reversal. it may not be the most efficient way of "trading", but it's a kind of trend following system.

these are just positions around a core aapl position that was started a long time ago.

my first position is right a minor percentage of the time, but it's also usually only 1/3rd or at most 1/2 of what i want to commit to the whole position anyway.

if this sounds like a bad system, i'm happy to hear the criticism. it's now how i trade my entire portfolio, as i don't like to make it a habit of buying weak stocks; but for aapl it's worked for me in the past.

[fehro]

could be on support... if not look for 1408ish

[Cobra]

I've answered why you don't want to see spy close below its yesterday's open in the members only update. not sure if the last 5 min would change everything.

[Me XMan]

I guess the funds are selling Apples like at the orchards.

[jarbo456]

appl will close it's 6th red week today.

[toddymc]

What makes me nervous is that SPX did not manage to break above the 55 and 21..

The attachment 57.png is no longer available

Freaky Friday ...

Thanks Uempel, just wondered how you drew the ellipses..

[Cobra]

well, guess that's it for today. depends on how the last minute close, we'd know what'd happen the next Monday. Thank you guys, I'll see you TOMORROW.

[Out of Bounds]

i added to AAPL at 615.

i'm adding to AAPL at 580.

per my risk protocol, i'm able to add a final leg at 540.

below 540 i'll be cutting the position.

jarbo: what makes u buy at lower lows?
are you looking at fundamentals or purely technical?
just curious
glad to c a buyer in aapl

i sell chunks on the way up usually missing the last bit of the move, and then i buy chunks at lower prices around areas where i think there will be a potential reversal. it may not be the most efficient way of "trading", but it's a kind of trend following system.

these are just positions around a core aapl position that was started a long time ago.

my first position is right a minor percentage of the time, but it's also usually only 1/3rd or at most 1/2 of what i want to commit to the whole position anyway.

if this sounds like a bad system, i'm happy to hear the criticism. it's now how i trade my entire portfolio, as i don't like to make it a habit of buying weak stocks; but for aapl it's worked for me in the past.

That is not a bad system at all. Iwas taught many years ago that this IS the best system.

[ClarkW]

Nat Gas futures nestled against the trendline right now
NO POSITIOIN

[Mr. T]

I think the bears have killed every bull in the building.

Now if they'd just shoot themselves too.

[Petsamo]

Anyone place bets on a gap up ?