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Post by rutgersguy92 on Oct 23, 2012 17:35:29 GMT -8
Save a little room under there for me! Where did that scruffy avatar guy go, Pikes?
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Post by phoebear611 on Oct 23, 2012 17:38:15 GMT -8
I'm reading Wheeles and iPad and now am somewhat confused. What are we thinking about tomorrow? I understand the "shoulds" and "ifs" but what are we anticipating? Or are we just waiting to see what ATT reports and how the stock reacts to that announcement? In a week where you have ATT, VZ and AAPL report....AND product announcements...how the hell can you wrangle the technicals? I feel like I'm sitting here and we have a bunch of drive by shootings and all I seem to be doing is ducking under the counter! Drive-by shootings? You're either in Newark, Camden or Asbury Park? Oh wait, you're in NYC. The south Bronx? WALL STREET!
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Post by wheeles on Oct 24, 2012 2:19:05 GMT -8
I'm reading Wheeles and iPad and now am somewhat confused. What are we thinking about tomorrow? I understand the "shoulds" and "ifs" but what are we anticipating? Or are we just waiting to see what ATT reports and how the stock reacts to that announcement? In a week where you have ATT, VZ and AAPL report....AND product announcements...how the hell can you wrangle the technicals? I feel like I'm sitting here and we have a bunch of drive by shootings and all I seem to be doing is ducking under the counter! For me the signs are suggesting down a bit more. Not sure how much. Whereas iPad thinks the bottom might be in thanks to the price stopping at a Fib level, and if it's not in, it's close. My scepticism of Fibs and EW is due to them being sufficiently flexible to be used to explain what has happened, but much harder to use to accurately predict the ends of a move, or tradable inflection points. My scepticism was born out of trying to use them and often finding myself far worse off than if I had simply used gut instinct. It's far too easy to use them to support something you want to happen even when it's all just wishful thinking. Now this is not a case of me saying that iPad is wrong in her analysis, just that I don't trust the tools she is using. She could still be correct in her conclusions. I believe that we could quite easily challenge the low 600s today, but if we get some good news, then that could be off the table for now. Although I have made some pretty accurate calls lately, I am less certain about this one as we will probably get a bunch of analysts coming out today with a load of figures conjured out of thin air to support whatever agenda they have. Once we are past earnings, then the whole picture should look a lot clearer. At the moment we are in The Realm of Wild-Ass Guessing (TM).
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Post by lovemyipad on Oct 24, 2012 3:50:14 GMT -8
(...)For me the signs are suggesting down a bit more. Not sure how much. Whereas iPad thinks the bottom might be in thanks to the price stopping at a Fib level, and if it's not in, it's close. (...) Once we are past earnings, then the whole picture should look a lot clearer. At the moment we are in The Realm of Wild-Ass Guessing (TM). Birdie, I always love talking technicals with you! I do completely understand your take on Fibs. I use them in conjunction with trendlines and moving averages -- not in isolation. I try to spot areas of confluence and see how price reacts at those levels. But when it comes to forecasting, I lump *everything* under WAG; and I generally figure the only reason I ever guess correctly is because I can't be wrong all the time.
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Post by lovemyipad on Oct 24, 2012 4:05:43 GMT -8
I'm reading Wheeles and iPad and now am somewhat confused. What are we thinking about tomorrow? I understand the "shoulds" and "ifs" but what are we anticipating? Or are we just waiting to see what ATT reports and how the stock reacts to that announcement? In a week where you have ATT, VZ and AAPL report....AND product announcements...how the hell can you wrangle the technicals? I feel like I'm sitting here and we have a bunch of drive by shootings and all I seem to be doing is ducking under the counter! Phoebes, you know what I'm going to say, right? It's always IF/THEN. Always. Every day. Without exception. Take it level by level. Price oscillates from support to resistance. Take out one level, target the next. Fail to take it out (decisively), turn around and do the same thing in the other direction. Yesterday, we had an "inside day." The daily candlestick was entirely within the range of the previous day. When this happens (on any timeframe), traders will look to the next candle to see if it breaks above the previous HOD or or below the previous LOD, expecting short-term follow-through in that direction -- usually there are stops parked just outside the range, so there will be a feedback loop exacerbating the move. Ultimately, price reigns supreme and shows us the commitment (follow-through or lack thereof) to any move. So today we'll see if enough buyers are (still) determined to hold out for lower prices...and if enough sellers give up and give in. Or, if enough sellers are now determined to hold out for higher prices...and if enough buyers give up and give in.
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Post by lovemyipad on Oct 24, 2012 6:21:49 GMT -8
AAPL INTRADAY 3-MIN CHART:
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Post by PikesPique on Oct 24, 2012 6:53:44 GMT -8
Save a little room under there for me! Where did that scruffy avatar guy go, Pikes? Come again? This has been my avatar since I began posting.
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Post by lovemyipad on Oct 24, 2012 7:16:05 GMT -8
AAPL INTRADAY 5-MIN CHART:
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Post by wheeles on Oct 24, 2012 7:54:34 GMT -8
AAPL INTRADAY 5-MIN CHART: Quite the proliferation of lines you have going on there!
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Post by rutgersguy92 on Oct 24, 2012 7:56:21 GMT -8
Where did that scruffy avatar guy go, Pikes? Come again? This has been my avatar since I began posting. Sorry about that. Had you confused with someone else.
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Post by cambrose on Oct 24, 2012 7:59:28 GMT -8
Come again? This has been my avatar since I began posting. Sorry about that. Had you confused with someone else. You weren't referring to me were you?
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Post by lovemyipad on Oct 24, 2012 8:15:48 GMT -8
We have a lower low with bullish divergence.
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Post by lovemyipad on Oct 24, 2012 8:16:29 GMT -8
Quite the proliferation of lines you have going on there! And that was my cleaned-up version -- heehee!! ;D
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Post by rickag on Oct 24, 2012 9:21:12 GMT -8
We have a lower low with bullish divergence. After reading your comment and looking at my chart, I think I see what you're talking about at 12:30, lasted from 616 to 618 and then started back down. Just looked at the 10 minute chart, this looks better, but may be too slow and not catch the change as quickly.
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Post by lovemyipad on Oct 25, 2012 11:11:42 GMT -8
AAPL INTRADAY 6H:
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Post by lovemyipad on Oct 25, 2012 18:57:40 GMT -8
This falls under the category of WAG (Wild-Ass Guess)!!! AAPL INTRADAY 15-MIN CHART:
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Post by wheeles on Oct 26, 2012 6:27:02 GMT -8
I know I've said something similar before, but what is the point in drawing charts with a period that very few other people use? Surely you need a sufficient number of people using it to make the chart worthwhile. After all, trading is as much about herd mentality as it is about anything else. Without a herd, you won't get a stampede.
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Post by wheeles on Oct 26, 2012 7:37:05 GMT -8
The Camarilla L4 level is at 600.49. We've had two attempts on that already. Will it hold (and by implication the 600 put floor) or are we about to visit the 590s? I'm reckoning on us seeing the 590s, but that's a W.A.G.
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Post by phoebear611 on Oct 26, 2012 7:58:41 GMT -8
The Camarilla L4 level is at 600.49. We've had two attempts on that already. Will it hold (and by implication the 600 put floor) or are we about to visit the 590s? I'm reckoning on us seeing the 590s, but that's a W.A.G. so here we are in the 590s....What does Camarilla suggest now?
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Post by rickag on Oct 26, 2012 8:04:44 GMT -8
The Camarilla L4 level is at 600.49. We've had two attempts on that already. Will it hold (and by implication the 600 put floor) or are we about to visit the 590s? I'm reckoning on us seeing the 590s, but that's a W.A.G. You called it, now down to the $580s?
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Post by wheeles on Oct 26, 2012 8:34:36 GMT -8
The Camarilla L4 level is at 600.49. We've had two attempts on that already. Will it hold (and by implication the 600 put floor) or are we about to visit the 590s? I'm reckoning on us seeing the 590s, but that's a W.A.G. You called it, now down to the $580s? I'm currently long for a bounce back up to something like 598. After that, not sure for today as those 600 puts might kick in and keep us above that level. After that not entirely sure, but unless we get a big boost from somewhere, then the next logical support level will be something like 582. I can't promise that will be the bottom, but certainly something I have on my radar.
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Post by lovemyipad on Oct 26, 2012 8:35:37 GMT -8
WAG reached... AAPL INTRADAY 15-MIN CHART:
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Post by lovemyipad on Oct 26, 2012 8:36:37 GMT -8
I know I've said something similar before, but what is the point in drawing charts with a period that very few other people use? Surely you need a sufficient number of people using it to make the chart worthwhile. After all, trading is as much about herd mentality as it is about anything else. Without a herd, you won't get a stampede. You don't find my OCD endearing?
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Post by wheeles on Oct 26, 2012 8:56:59 GMT -8
You don't find my OCD endearing? I love your OCD. It just needs a little focusing on something you might find useful.
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Post by lovemyipad on Oct 26, 2012 8:59:54 GMT -8
Confluence here, at today's LOD...also in the 587 region...see that tangle of lines there? AAPL DAILY CHART:
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Post by lovemyipad on Oct 26, 2012 9:00:41 GMT -8
You don't find my OCD endearing? I love your OCD. It just needs a little focusing on something you might find useful. Heehee. I zoom in and out when I want to see bigger or smaller picture...to see what (if anything) jumps out at me. If something jumps, I take a picture.
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Post by lovemyipad on Oct 26, 2012 9:06:41 GMT -8
See, same chart... I will look at all of these to see how the bigger picture is influencing the smaller and vice-versa. I'll usually post whichever shows whatever I found noteworthy: ONE-DAY: 6H: 4H: 2H: 1H:
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Post by wheeles on Nov 5, 2012 9:06:58 GMT -8
A Bollinger squeeze is forming on the 10m chart. With any luck that will result in a sudden burst higher.
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Post by lovemyipad on Nov 5, 2012 9:15:17 GMT -8
A Bollinger squeeze is forming on the 10m chart. With any luck that will result in a sudden burst higher. On the 10? I don't see it. I do see it on the 5 though...and at the moment, looks like the dump's going South... Watching to see if SMA-50 holds...
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Post by wheeles on Nov 5, 2012 9:35:50 GMT -8
A Bollinger squeeze is forming on the 10m chart. With any luck that will result in a sudden burst higher. On the 10? I don't see it. I do see it on the 5 though...and at the moment, looks like the dump's going South... Watching to see if SMA-50 holds... It's still there on the 10 although it is going the wrong way at present.
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