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Post by ccs on Oct 9, 2012 17:24:40 GMT -8
thanks
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Mav
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Post by Mav on Oct 9, 2012 17:44:35 GMT -8
Well, the Line that Became a Channelâ„¢ is now connecting at least three interim lows, so I guess that's not too shabby.
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Post by prazan on Oct 9, 2012 18:00:41 GMT -8
We closed with more strength than I expected, though I'm still trading under the assumption that we'll make a move to re-test the lows of today. But I'm being cat-on-a-hot-tin-roof cautious because I'm playing with margin money and don't want to get burned. My rule is to close out any trade that risks going underwater. If buying straight shares or spreads here I most likely would have held. If we're not at the precise bottom yet we're close enough (I think) that any difference in share price won't make any difference a few months from now.
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Post by lovemyipad on Oct 9, 2012 18:06:24 GMT -8
We closed with more strength than I expected, though I'm still trading under the assumption that we'll make a move to re-test the lows of today. But I'm being cat-on-a-hot-tin-roof cautious because I'm playing with margin money and don't want to get burned. My rule is to close out any trade that risks going underwater. If buying straight shares or spreads here I most likely would have held. If we're not at the precise bottom yet we're close enough (I think) that any difference in share price won't make any difference a few months from now. P, that is an EXCELLENT risk management strategy for margined shares -- good job!!!
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Mav
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Post by Mav on Oct 9, 2012 18:15:06 GMT -8
AAPL possesses relative strength again, so I wouldn't count on a bear raid right out of the gate unless the market looks similar to today. Though as I think I said somewhere, I plan to protect very small profits on my new BCS trade at AAPL 633-634, IF AAPL doesn't start under that level and I can act in time in case of weakness.
Shame it's a mental stop. Stop/stop limit orders for verticals look very rare across today's online brokers, and yet I'm not prepared to move accounts just because of it.
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Mav
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Post by Mav on Oct 9, 2012 18:19:00 GMT -8
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Post by mbeauch on Oct 9, 2012 18:40:13 GMT -8
Am I the only one who just cracked up seeing Mav post M C Hammer. lol
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Mav
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Post by Mav on Oct 9, 2012 18:43:28 GMT -8
I'll bring up Hammer every single time it makes sense to.
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Post by madmaxroi on Oct 9, 2012 21:11:31 GMT -8
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Post by Big Al on Oct 10, 2012 1:42:23 GMT -8
AAPL TWO-DAY CHART with MAV'S SUPER-AWESOME TRENDLINE: Hm, I am playing devil's advocat and would like to point out that in April/May we went through two trendlines before going up again.
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Post by rickag on Oct 10, 2012 3:36:48 GMT -8
AAPL TWO-DAY CHART with MAV'S SUPER-AWESOME TRENDLINE: Hm, I am playing devil's advocat and would like to point out that in April/May we went through two trendlines before going up again. Good point, hopefully being this close to earnings makes a difference.
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Post by Big Al on Oct 10, 2012 3:53:47 GMT -8
Hm, I am playing devil's advocat and would like to point out that in April/May we went through two trendlines before going up again. Good point, hopefully being this close to earnings makes a difference. As you can see in the chart, earnings did only make a short-term difference back in April. We still broke the trend lines thereafter. Just want to caution überbulls.
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Post by mbeauch on Oct 10, 2012 6:57:38 GMT -8
AAPL TWO-DAY CHART with MAV'S SUPER-AWESOME TRENDLINE: Hm, I am playing devil's advocat and would like to point out that in April/May we went through two trendlines before going up again. Sure you can, and I will point out that the run up into that correction was across 4 trendlines and the run up to this correction was only 2.
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Post by Big Al on Oct 10, 2012 7:21:56 GMT -8
Hm, I am playing devil's advocat and would like to point out that in April/May we went through two trendlines before going up again. Sure you can, and I will point out that the run up into that correction was across 4 trendlines and the run up to this correction was only 2. Touché!
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Post by lovemyipad on Oct 10, 2012 8:16:22 GMT -8
Anything can happen. Just watch price.
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Mav
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Post by Mav on Oct 10, 2012 9:23:34 GMT -8
AAPL hanging in there but still seems weighed down a bit by the market. 640 is looking like resistance again. Sold the AAPL BCS from yesterday and waiting.
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Post by lovemyipad on Oct 10, 2012 18:25:27 GMT -8
Okay, here's a potentially bullish one... This is "Inverted Head & Shoulders." AAPL INTRADAY 15-MINUTE CHART: (Of course, within that IHS, if you look closely at the last half of yesterday to today...what do you see, yet again?)
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Post by prazan on Oct 10, 2012 18:58:36 GMT -8
So, if we gap up tomorrow, will we see an island bottom? Or do I need to go to the nude beach in Majorca to see one of those?
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Post by lovemyipad on Oct 10, 2012 19:32:41 GMT -8
LOL! Yes, if we gap up and don't fill that gap...that's a potential island bottom.
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Post by ccs on Oct 10, 2012 19:56:01 GMT -8
(Of course, within that IHS, if you look closely at the last half of yesterday to today...what do you see, yet again?) Oh stop it! Let's stick with the IHS and move up from there.
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Post by lovemyipad on Oct 10, 2012 20:02:39 GMT -8
Ha! Like we have a choice! The market's going to do what the market's going to do. I just try to be prepared for the possibilities and know the upside and downside target levels -- that's the only thing I control...my own if/then gameplan.
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Mav
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Post by Mav on Oct 10, 2012 20:42:18 GMT -8
Okay, here's a potentially bullish one... This is "Inverted Head & Shoulders." AAPL INTRADAY 15-MINUTE CHART: (Of course, within that IHS, if you look closely at the last half of yesterday to today...what do you see, yet again?) iPad, don't tell me you knew about it at 3:30PM EST and bought in and didn't tell us until just now.
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Post by rutgersguy92 on Oct 11, 2012 7:53:19 GMT -8
Does anyone have any idea of support and resistance levels?
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Post by lovemyipad on Oct 11, 2012 8:02:04 GMT -8
Does anyone have any idea of support and resistance levels? You mean for today? Go here: Cheat SheetBig picture ones are the same. See the last hugs & kisses chart.
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Post by rutgersguy92 on Oct 11, 2012 8:04:29 GMT -8
Does anyone have any idea of support and resistance levels? You mean for today? Go here: Cheat SheetBig picture ones are the same. See the last hugs & kisses chart. Thanks, Ms. IPad. What's your WAG?
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Post by rutgersguy92 on Oct 11, 2012 8:07:00 GMT -8
I'm watching this on the 10-minute chart. Looking at MACD and RSI, looks like there is a positive move coming, from the MACD going from red (downwave) to yellow (upwave), and with a positive slope (uphill). That is, is we can turn the corner and indeed become yellow.
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Post by lovemyipad on Oct 11, 2012 8:21:21 GMT -8
Thanks, Ms. IPad. What's your WAG? WAG: retest Mav's trendline...if it breaks, target next trendline.
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Post by lovemyipad on Oct 11, 2012 8:22:19 GMT -8
I'm watching this on the 10-minute chart. Looking at MACD and RSI, looks like there is a positive move coming, from the MACD going from red (downwave) to yellow (upwave), and with a positive slope (uphill). That is, is we can turn the corner and indeed become yellow. 10 min: upwave in a downtrend. Zoom out a little. See 15, then 30, then 60. See how the others are just getting started with their "down"? That suggests: any "up" on 10 min is likely retrace, not reversal.
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Post by rutgersguy92 on Oct 11, 2012 8:38:02 GMT -8
Thanks, Ms. IPad. What's your WAG? WAG: retest Mav's trendline...if it breaks, target next trendline. Next trendline is like 580. You think?
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Post by lovemyipad on Oct 11, 2012 8:52:43 GMT -8
RG: yep. There's a gap at 585.
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