11/02/2012 Live Update

[Me XMan]

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

Now if they'd just shoot themselves too.

[fehro]

target got hit fwiw.

[Me XMan]

Putting my bulls hat on and I'll say yes.

Anyone place bets on a gap up ?

[Me XMan]

Great job as always. Thanks 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.

[ClarkW]

Awesome job Cobra! Have a great weeknd everyone

[fehro]

Putting my bulls hat on and I'll say yes.

Anyone place bets on a gap up ?

hmmm ... I wouldn't be surpised to see a gap down below the H&S neckline around 1408ish, and the long trend line below... and get a gap and go

[KENA]

Putting my bulls hat on and I'll say yes.

Anyone place bets on a gap up ?

Yes..Green day mon.

[Cobra]

members only update at 4:10pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[Me XMan]

Gonna give Cobra's theory a chance: going clown long for a bounce Monday. $141.15

[Al_Dente]

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.

Dude: far be it from me to criticize
Just different systems
I usually buy late (and pay more) then sell early…
Just get a chunk out of the middle….. like you…..it’s all about that “chunk”
I’m just not allowed to “average down”
Best 2 u

[Jack12]

Putting my bulls hat on and I'll say yes.

Anyone place bets on a gap up ?

Yes..Green day mon.

IM FOR A BLOOD RED DAY, splattered on the walls , ceiling and a bit on the nextdoors cellar. Just remembered an old rule of mine, wave 3 is never complete until 2.61 has been hit

[Jack12]

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

Now if they'd just shoot themselves too.

seems only at 1340, that fall from 1435 looks deadly (I suppose the O will win and we will have more to come)