I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 Got to be frustrating for the bears to see AAPL get slam like this but yet the market continues to hold recent gains. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2012 Report Share Posted December 6, 2012 $aapl 9 month cycle projection and support target 500.pic.twitter.com/OzmWexgn Link to comment Share on other sites More sharing options...
gameover Posted December 6, 2012 Report Share Posted December 6, 2012 madness: regarding your gold charts from earlier today. only difference between then and now is that back then there was a huge inverted h&s bottom forming. don't have that now. watching to see if it tags 1675 and/or 200dma and what kind of positive div's form Link to comment Share on other sites More sharing options...
Trader Joe Posted December 6, 2012 Report Share Posted December 6, 2012 I think that this little shakeout in AAPL is just about finished. You should go long....and then report back Link to comment Share on other sites More sharing options...
gameover Posted December 6, 2012 Report Share Posted December 6, 2012 aapl may have bear trapped on an intraday basis 525, but lets see how it closes rot under the surface continues, a/d blow again Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2012 Report Share Posted December 6, 2012 Over the long haul, AAPL should trade in a range of 490 to 710 until it doesn't. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 6, 2012 Report Share Posted December 6, 2012 Over the long haul, AAPL should trade in a range of 490 to 710 until it doesn't. Good one... If it trades in that range, you'll be right....if it doesn't, you'll also be right Nicely hedged You might be quite a marketeer after all! Link to comment Share on other sites More sharing options...
K Wave Rider Posted December 6, 2012 Report Share Posted December 6, 2012 looks like ES 1405 has held after a grand battle, as long as it does, bully gets benefit of doubt Link to comment Share on other sites More sharing options...
Bungster Posted December 6, 2012 Report Share Posted December 6, 2012 GDX looking good... Link to comment Share on other sites More sharing options...
gameover Posted December 6, 2012 Report Share Posted December 6, 2012 looking like downside is going to be limited for now payroll tomorrow butt brain ben next wed, proverbial climb higher into fomc in scalp mode for the next week could see YM punch to 13250(nov high) will be shorting TY on break of 133 27 Link to comment Share on other sites More sharing options...
potatohead Posted December 6, 2012 Report Share Posted December 6, 2012 Must be something about Washington DC that has bad influences on living things.......... Space spider dies in D.C. after surviving 55 days in space Space spider dies in D.C.: Neffi survived 55 days aboard the International Space Station. But the famous spider died after four days in the Smithsonian's National Museum of Natural History, in Washington, D.C. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 Gold looking good. Hope no one shorted yesterday or at least covered. Looking for a move above 1710 to confirm this bottom. Trade safe. Link to comment Share on other sites More sharing options...
specie Posted December 6, 2012 Report Share Posted December 6, 2012 what's going on in Rome? ITALY PRESIDENT NAPOLITANO SAYS WANTS TO AVOID "TURBULENT" END TO GOVT, WILL EVALUATE SITUATION IN NEXT FEW HOURS - ITALIAN NEWS AGENCY AGI ITALY FIN MIN GRILLI SAYS SITUATION DIFFICULT BUT WE ARE NOT ON THE BRINK OF PRECIPICE ITALY PRESIDENT NAPOLITANO SAYS NO CAUSE FOR ALARM OVER INSTITUTIONAL STABILITY AFTER POLITICAL TENSIONS 10:56 AM (GMT-05:00) Eastern Time (US & Canada) Dec 06, 2012 Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 madness: regarding your gold charts from earlier today. only difference between then and now is that back then there was a huge inverted h&s bottom forming. don't have that now. watching to see if it tags 1675 and/or 200dma and what kind of positive div's form Is the inverted H&S your primary bottom formation trade trigger? What about a bull flag on the weekly? Or double/triple bottom? What about moving averages? To sum it, why do you choose to only look for an 'inverted H&S' and discount the other potential bullish patterns. Both these 2 consolidations have ONE MAJOR thing going for them. A weekly bull flag. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 One of the things we as trader should always avoid. Bias. Don't let your bias get you into looking for "reasons" to stick to a trade. If you look around the web, majority of folks seem bearish. If it's not the poor recovery, it's the fiscal cliff, etc. Avoid the noise. Link to comment Share on other sites More sharing options...
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