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Moons have worked ok for bottoms in the last few months, but TERRIBLY for top picking - the last successful MOON TOP call was 15-Sep-12 - the rest have been DUDS!
BUT respecting history, there is a famous NEW MOON from 2007!
The ALL TIME HIGHS in October 2007 - it was just a New Moon - the Thursday post employment and pre opex - no special significance in terms of turning points whatsoever.... except the New Moon.....
and we gapped up that day (just like today)…. but then reversed for no apparent reason to close lower – just a little history…
AAPL momentum looks pretty solid with not much negative divergence on my swing trade time frame. On the daily chart it has reached the middle BB and the 13 EMA with resistance at 435 area. Likely AAPL move will either fail and reverse from here or consolidate and move sideways in a range preparing for move to upper BB. Today's move looks like a possible 3rd wave of a developing 5 wave impulse off the recent low at 419.68. Also could set up a cup and handle pattern on pullback and consolidation that would push AAPL to the 445 area where the 34 EMA/50 SMA where I would expect a reversal.
R2K confirmed uptrend since Monday BUT looking at some stocks from R2k going up with minimal volume and few unusal volume.
LUFK went to the moon since GE buying the company. FSLR went crazy yesterday. Some stocks like DDD, ADTN, Some with no volume pushing up R2K higher. This is only first page of my R2k list for today.
I guess I wouldn't be bearish about it till we get another sign of going down. Psychology of 5th wave based on EW, volume drying up and bears become bullish and get caught. Daytrading and profit taking not such bad idea in this stage, imo
Major wrote:Gappy
“I read in no castigation on any such perspective.”
Would unacceptable would be a preferred adjective? I am not trying to pick a fight but do get the definite impression that long term thoughts, however defined, are not welcome.
Out of Bounds
I agree with you about preachy tones and pesudo-economics. My concern, however, relates defining long term. For example, from Trader Girl this morning-
“Thanks for the info gas...but this is not a "buy and hold" crowd on this board....there will be another bear market at some point...and most people on here would rather trade it on the downside rather than hold a bunch of losing positions...thanks for your advice...but we'll just focus on the short term trades, thank you...”
[Edit:] Lest TG get upset with me, I think her posts are excellent and of value regardless of time frames being followed. My thought is that her quote above might have been a bit more diplomatic.
I agree there is diverse opinion on this board. The majority opinions relate to day trading which is logical since it is a day trading forum, but to the exclusion of long term thoughts?
To All on the board
It appears that I have stirred up a hornet's nest. My apologies – that was not my intent. I am just concerned about what I see as an exclusionary tone.
Yeah, unacceptable is better, excuse my curt reply then, I was hawking a couple of issues just then. Please carry on, GLTY.
‘the petrodollar is our currency and our problem’....Gappy
Just a quick thought on short and/or longer term perspectives :
I really don't give a flying F@#$%k what another persons opinions or conjectures are
about long term investments or even short term are unless they can supply me with some technical or historical data to study.
Even then there are plenty of chartists and bloggers that you can peruse for hours and hours to that end.
Like Cobra stated: and if you can't read,
this is a DAY TRADER'S FORUM
1) learn it , 2) live it, 3) know it-- In the meantime don't waste our time having to scroll through a bunch of bullshit meaningless babble--
Try posting a chart or some trade-able data shorter term or actual trades you make -
If I want opinions like that I can get them 24/7 on CNBC or another useless news outlet
Oh Yeah BTW if you think I'm long here-- then think again, and--if You are, unless we get a little pullback, you're probably an idiot,
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Last edited by toddymc on Wed Apr 10, 2013 12:29 pm, edited 1 time in total.
Here's a problem Toddymc.Even some people don't agree in some charts posted in here b/c the technical indicators not set accordingly to the formula. Everything people writes, it could be viewed subjective rather than objective in some point.
I guess we all can agree to disagreement and if we don't like some charts/data/posts, then skip it.
small ascending triangle, so the bias still is up.
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Tabby wrote:Here's a problem Toddymc.Even some people don't agree in some charts posted in here b/c the technical indicators not set accordingly to the formula. Everything people writes, it could be viewed subjective rather than objective in some point.
I guess we all can agree to disagreement and if we don't like some charts/data/posts, then skip it.
Peace~~~~~~~
Good point- agreed I would rather look a chart than try to read an opinion or long winded explanation though that's all thanks!