03/14/2012 Intraday Watering

[KENA]

Time to lock in gains on NQ a hedge swing trade.This was one of the better picks mentioned a short time back.Can't resist 35%.If any one else got it think about selling,sure it could go higher but 35% is enough.

[soku]

Everything you need to know about Goldman Sachs...the vampire Squid that ruined the markets and exposed the corruption of politicians and (non)Regulatory Agencies. This 12 year employee from Stanford writes in the NY Times why it is destroying itself at the expense of its clients:

NY Times Opinion Page:
http://www.nytimes.com/2012/03/14/opini ... arch&scp=1
(in part)

quote to quote, he is just an executive director, not managing director.
he is surely toasted by the street. i see him with potential in writing.

[Harapa]

@BB52x, any idea of floor for TNA. I am short TNA.

see the wedge.

Thanks

This is funny, we are in opposite side of trades.

Position closed at 61.25 with a gain of 2.2%, ~L2 of my projected range.

[Cobra]

well, hopefully, this is a bear flag. don't count on it, nowadays nothing bearish works anyway.

[tomsky]

Use to be roller coaster

Glad you brought that up, 03/16 is a major Bradley turn date and 22 is new moon. Together with the top calls from cobra and your chart should be enough warning signs that maybe we will get the drop. I'll try to post later what happened last year near major bradley turn dates. What i can say right now is that they better not be ignored. I exited from longs and now i'll wait till next week.

[TWT]

EURUSD: watching the wedging

[jarbo456]

anyone else find it strange that aapl has obviously gone parabolic - just look at the weekly chart if you can't seem to see it on the daily period - it's stretched over 40% above it's 200MA - YET the RSI is not even close to making a new high...at least 10 points from a weekly RSI high above 92...

how can that be if apple has gone parabolic?

[BullBear52x]

How much we came from recent bottom, my MACD couldn't make above 0 line, and also the $BPSPX is not that exciting either. I know price pays.

[KENA]

anyone else find it strange that aapl has obviously gone parabolic - just look at the weekly chart if you can't seem to see it on the daily period - it's stretched over 40% above it's 200MA - YET the RSI is not even close to making a new high...at least 10 points from a weekly RSI high above 92...

how can that be if apple has gone parabolic?

I don't know but how about Hype and Greed.

[TWT]

BAC: Is the EWP done ? (maybe yes)

[KeiZai]

Little bit messy but if this H&S will play out, it will go straight to my target

[jarbo456]

anyone else find it strange that aapl has obviously gone parabolic - just look at the weekly chart if you can't seem to see it on the daily period - it's stretched over 40% above it's 200MA - YET the RSI is not even close to making a new high...at least 10 points from a weekly RSI high above 92...

how can that be if apple has gone parabolic?

I don't know but how about Hype and Greed.

not really a comment on the parabolic price, i'm just surprised to see a relatively muted response in the RSI.

** guess that might mean there's more room for appl to go.

[BullBear52x]

Little bit messy but if this H&S will play out, it will go straight to my target

Straight shot LOL, I am very patience and never loss my cool, lets roll the dice....

[jarbo456]

IBM still holding up the DOW?

[taggard]

anyone else find it strange that aapl has obviously gone parabolic - just look at the weekly chart if you can't seem to see it on the daily period - it's stretched over 40% above it's 200MA - YET the RSI is not even close to making a new high...at least 10 points from a weekly RSI high above 92...

how can that be if apple has gone parabolic?

I don't know but how about Hype and Greed.

ta is a way to see the market in a framework--it is not the market. ta works at best 85% of the time--this is part of the 15%. aapl's time will come and it could be a function of smart phone installed base--by the end of this year that is supposed to be about half the people who have "dumb" cells. that is the period i would start to be concerned. a close look at aapl shows that iphones are where the value is at this time in the companie's stock price. odds are not that phone sales will die--but that margins will start to get tweaked as you hit 50-60% of "possible in the real world" installed base. and that is aapl's genius--the margins.

bottom line? everyone keeps saying this is not 2000--but what is similar to 1999 is the computer sales (recall huge in front of the bogus y2k problem) that were far less than expected in 2000 due to pull forward. maybe aapl can beat this but i would be amazed.

[Al_Dente]

How much we came from recent bottom, my MACD couldn't make above 0 line, and also the $BPSPX is not that exciting either. I know price pays.

baron
check waverider chart on bpindu
bpindu
first time sell yest

[Harapa]

@BB52x
Will EEM catch up with IWM?

[jarbo456]

anyone else find it strange that aapl has obviously gone parabolic - just look at the weekly chart if you can't seem to see it on the daily period - it's stretched over 40% above it's 200MA - YET the RSI is not even close to making a new high...at least 10 points from a weekly RSI high above 92...

how can that be if apple has gone parabolic?

I don't know but how about Hype and Greed.

ta is a way to see the market in a framework--it is not the market. ta works at best 85% of the time--this is part of the 15%. aapl's time will come and it could be a function of smart phone installed base--by the end of this year that is supposed to be about half the people who have "dumb" cells. that is the period i would start to be concerned. a close look at aapl shows that iphones are where the value is at this time in the companie's stock price. odds are not that phone sales will die--but that margins will start to get tweaked as you hit 50-60% of "possible in the real world" installed base. and that is aapl's genius--the margins.

bottom line? everyone keeps saying this is not 2000--but what is similar to 1999 is the computer sales (recall huge in front of the bogus y2k problem) that were far less than expected in 2000 due to pull forward. maybe aapl can beat this but i would be amazed.

taggard...i know you have some pearls of wisdom in this statement, i just can't decipher all of it...can you explain?

"smart phone installed base"? are you saying that the population is iphone saturated? at some point, when everyone has your product, you're left with no one else to sell it to...no?

i'm not sure if iphones is where the value is - but i'll take your word for it. however, why would margins get tweaked? are the costs rising? is there a competing product that would force apple to lower it's prices to defend it's market share?

what do you mean "2000 due to pull forward"? i don't understand this statement at all. how are computer sales from 1999 and today related to the apple stock price going parabolic?

[BullBear52x]

paging Dr. Al

ever place volatility ratio side by side with its index? this could be leading holy grail that you looking for.

[KeiZai]

Little bit messy but if this H&S will play out, it will go straight to my target

Straight shot LOL, I am very patience and never loss my cool, lets roll the dice....

Well said BB...patience is key to success