Zero Indicator
Now Reading
Eigth Inning Wednesday Rub Down
117

Eigth Inning Wednesday Rub Down

by The MoleJuly 22, 2009

I’m counting yet another up day since the RUT and the NDX closed up for the day. The Dow finished down by 35 points and the SPX by half a point – BFD!

The pattern on the Zero Lite today was very strange at the EOD – also look at the Mole Lite’s bubble – this does not look like last hour tape to me. Could it be that we are running out of suckers to sell to? It seems that sheer greed keeps the masters of the universe from doing the same but one way or the other this thing is going to resolve itself. See, that’s what happens when you kill off all the bears within one week – nobody’s stupid enough to keep getting stopped out on the way up (well, almost nobody – ahem). Right now the NQ is getting sold off like mofo – quite entertaining to watch actually.

Well, I won’t get my hopes up too much – that much I’ve learned in the past week. Although I am elated to see some green numbers in my account again while we got another green daily candle on the NDX and the RUT.

Program Trading Update:

geronimo/ES: + 2.5

Disclosure: There were actually two winning trades – let me explain. On the second trade my NinjaTrader strategy (which sends the alerts) did not close its position once the target was reached  – it did not get a bid as it happened too quickly. So it held until the EOD and theoretically closed at a loss. However, Eric’s control system exited a few minutes after the entry and I sent everyone an email to close out right away. Thus I am counting that trade as neutral – but I’m sure everyone got out at profit or at the very minimum at break/even.

Public Service Announcement:

I will be traveling Friday morning until Sunday night. Thus I will be unable to participate on the blog on Friday – I hope you guys won’t miss me too much. Fujisan will most likely post some comment cleaners and hopefully some of her own analysis that day – I completely leave it up to her as it’s voluntary.

Alright, I might chime in later this afternoon – heading to the gym now.

10:20pm EDT: Just took profits on USD/JPY at 94.15 🙂


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Douala

    ETF's….to buy or not to buy…. that is the question…

    Answer: According to Dan Dicker… NO!

    http://tinyurl.com/l9cay4

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ S T L ¸¸„„ø¤º°¨
    ¸„ø¤ P L E A S E º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • raised_by_wolves

    STL = Start Talking Losers?

  • Keirsten

    Miss YOU?

    http://www.youtube.com/watch?v=Oe4I1Xvs9WQ

    (ducking for the incoming missile) LOLOL

    Trust us, we'll miss you 😉

  • Osso

    ebay moving up…

  • raised_by_wolves

    STL = Start Talking Losers?

  • Keirsten

    How 'bout this for an avatar? Might be too cutesy for you though…

    http://www.blarg-and-diners.com/artwork/db-gabo

  • charles_smith

    Travel safe, Mole–we'll miss your inimitable wit and style, rest assured….
    Who knows, your absence Friday may cause a feather to quiver somewhere in the Universe and that will somehow shoot the market-pig down from its SR-71 heights of invulnerability.

  • Keirsten

    No, you need to start learning about Forex for instance hint, hint >>>>>>>>>>>

  • raised_by_wolves

    That won't do. Too cute. I'm working on something much more EVIL.

  • annamall

    that's adorable! :)))

  • springheel_jack

    THE ETF Soliloquy continued:

    …. whether 'tis nobler in the market to suffer
    the slings and arrows of outrageous theta burn.
    And thus take arms against a sachs of troubles,
    And by opposing them end them? To die: to sleep;
    No more; and by a sleep to say we end
    the manipulation and thousand unnatural shocks
    The market is heir to, 'tis a consummation devoutly to be wish'd.

    Adapted from Shakespeare.

  • molecool

    Now they're banging the futures back up and we're testing VWAP again. I guess their reasoning is that one 35 point down day on the Dow relieves the overbought condition. Classic.

  • annamall

    moooooo hahahah

  • molecool

    Meh – as General Charles De Gaulle once said:

    “The graveyards are full of indispensable men.”

  • molecool

    Just use this week's NDX chart – that should suffice.

  • Keirsten

    Yeah, but we're like junkies and you're our dealer. We'll just plan to sit it out with the shakes I suppose.

  • raised_by_wolves

    You intuited correctly that I know nothing about Forex. What does STL have to do with Forex? I googled “stl site:http://www.babypips.com/” and got nothing. In contrast, “pips site:http://www.babypips.com/” brings up 17,000 results. There is a blog called “STL Forex Trading Blog” by which the author means St. Louis. So, I am still in the dark.

  • http://zstock7.com/ zstock

    DISqus trick–you can go to your account settings and activate twitter—
    that way when you post on disqus—-
    Disqus automatically posts your comment on your twitter page–

  • The Unknown Trader

    I like the one he's got. The default avatar looks like someone with a paper bag over his head. Do you remember “The Unknown Comic”? Not related to “The Unknown Trader” of course.

    http://www.google.com/search?hl=en&client=firef

  • http://www.ambgtrading.com/ amgrant

    Shit This Licks?

  • Keirsten

    Okay… this is like charades… look over to the rt. side of your monitor where it says “obey.” It was a Forex pitch.. it may be different for you? wink wink

  • Keirsten

    Nice feature, not sure I want my Twitter friends to see what I'm posting on here though. 😉 They might put me in a straight jacket.

  • raised_by_wolves

    Thank you Keirsten. I still don't know what the acronym stands for but I now know what it means. I'm going to practice forex trading with a complete trading package because I'm ready to trade for a living. Also, I'm going to get into pennystocks, 600% soaring pennystocks.

  • Keirsten

    I sure do remember. Bag on head. Looking for mine now….

  • Nate

    What's up with the huge volume in the futures today? Nearly double what it has been hitting at lately.

    This is actually something I would like to understand better. Volume on the SPY continues to fall, but huge volume in the futures . . . does that indicate institutional fuckery since the big boys are more likely to play there . . . while SPY more represents joey sixpack?

  • dollar

    VWAP consistently at yesterday's closing price. T-1000 sells 100 GMCR shares to C-3PO, who promptly forces a margin call on Johnny 5. The latter covers by buying from WOPR which fries a vaccum tube and sets HAL9000 off on a short covering rampage before killing all the drunk traders at the NYMEX.

    And while all this is happening, Bernanke is squatting over in the corner, rapidly buying mortgages to make it seem like his monetary insanity is helping the economy.
    From Zero Hedge: http://zerohedge.blogspot.com/

  • springheel_jack

    THE ETF Soliloquy
    – inspired by Douala's comment below
    – Adapted somewhat from Shakespeare
    – Strong evidence that I am getting extremely bored with the paperwork I'm catching up with today.

    ETF's….
    To buy or not to buy…. that is the question?
    Whether 'tis nobler in the market to suffer
    the slings and arrows of outrageous theta burn.
    And thus take arms against a sachs of troubles,
    And by opposing them end them? To die: to sleep;
    No more; and by a sleep to say we end
    the manipulation and thousand unnatural shocks
    The market is heir to, 'tis a consummation devoutly to be wish'd.

  • http://trading-to-win.com/ DavidDT

    may be SPX is forming double headed quadruple fat bottomed triple topped pattern described in the famous book of legendary technician Eye CanNotTrade SoISellBooks.
    Since we know for certain what it is now – all we need to find out – where TF it is going to go

  • Douala

    springheel_jack

    Verrrrrrry good …+1

  • Keirsten

    Fujisan is your best source for all things Forex on here btw- She's the best. 🙂 Don't worry about the acronym, and G/L with your trading efforts up ahead.

  • springheel_jack

    Thanks for inspiring me to something more interesting than the paperwork I am catching up with today.

  • Keirsten

    on 7/23 at 10:32 AM we know where it wants to go…….
    And if you nail it, I'll buy every book you ever write for the next 100 years.
    Still poking around the various charts over here…

  • lester

    that is a very funny book I wrote. All, thanks for all the help I got today. I need to learn when to stop trading.

  • Douala

    STL —> “Share The Love”

  • disrespekt

    First thing I thought when I saw that was “damn son, that wolf is givin it to him…” just kind of the expression on the dog's face lol

  • C C Rider

    OHLC for SPX around the great FALL. Key numbers are 968.75, 985, and 1007.51 on the weeklies. Not a lot of resistance after that.

    3-Nov-08 968.67 1,007.51 899.73 930.99 5,296,816,000 930.99
    27-Oct-08 874.28 984.38 845.27 968.75 6,460,596,000 968.75
    20-Oct-08 943.51 985.44 852.85 876.77 6,035,936,000 876.77
    13-Oct-08 912.75 1,044.31 865.83 940.55 7,306,794,000 940.55
    6-Oct-08 1,097.56 1,097.56 839.80 899.22 8,403,357,900 899.22
    29-Sep-08 1,209.07 1,209.07 1,098.14 1,099.23 6,205,326,000 1,099.23
    22-Sep-08 1,255.37 1,255.37 1,179.79 1,213.27 5,319,894,000 1,213.27

  • http://trading-to-win.com/ DavidDT

    at this point the truth is I cannot even see charts anymore – I think it is a battle fatigue, this year not easy no matter what I would want it to look like.
    may be I just have to go on cash and take a vacation

  • Keirsten

    OMG, you're right. Whoops. 😛

  • springheel_jack

    Very interesting. Thanks.

  • Keirsten

    Pack me up too. I'll be like that ad where they put granny in a suitcase and stick her on the airplane. Just don't forget to pick me up at luggage claim.

  • AudioTactics

    Does anybody have a view on USD or UUP in particular?

  • faafa

    Was chatting with a friend who trades FX about the double top on the weekly dollar index and he's predicting a target of 73.39.

  • itsgold

    If the DX hits 72, this could trigger a huge sell off in both the US equity and bond markets.

  • http://oahutrading.blogspot.com/ steveo77

    Is there a single sentiient being in the known universe that isnt sick and tired of hearing head and shoulders?

    Also, check out the Eclipse commentary on blown up trading computer.

    http://oahutrading.blogspot.com/2009/07/head-and-shoulders-line-appears-to-be.html

  • playtowin

    Eur/USD doesn't look done to the upside to me yet. Neither does GBP/USD. Likely in the final wave up which will coincide with the top in equities.

  • http://trading-to-win.com/ DavidDT

    I went long /dx today 78.75
    thou there is a possibility looking at the weekly chart of sliding further down to weekly support of 77.85 there are very good chances right now that today was a local bottom

  • springheel_jack

    think you're right. This means speculation is up, while actual participation is down.

  • springheel_jack

    More than anything else this week and most likely the next couple of weeksm is about USD wave 5 down. That does not look complete as yet, and may well carry the market up further while it falls.

    If USD falls a lot from here, the market may rise a lot further. When USD completes wave 5 though, equities look out below.

  • nummy

    MUST get one of these:

    http://tinyurl.com/lu4plk

  • Osso

    UPS and BNI reporting tomorrow will mark the fate of the Transports. One BMO the other AMC.
    Dont know if there are more transport related tomorrow.

  • bain
  • Ghostdog

    Hmmm nothing like saying I thought we needed the spooz to close below 950.00 to have a shot at short term reversal and have it close right at 950.00. Now Im sure Obama and company are listening…

  • http://trading-to-win.com/ DavidDT

    you can add there a lot of other patterns I am sick and tired hearing of 🙂

  • Osso

    better play individual stocks charts….rather than manipulated Indexes…imo

  • http://www.pacfreehotwater.com steveo77

    100% agreed, check out my Boatload O' Tickers and Charts…..

  • http://www.pacfreehotwater.com steveo77

    If you can find me one trader who is not burnt out, pushed to the limit, exasperated, flabbergasted (is that German?), I will be amazed. Think of all the exuberant bulls, they almost deserve to lose their money on a fundamental basis.

    David DT have you ever done single stock futures? Interactive Brokers does offer it, but I have not ever tried. What is shorting stocks becomes nearly impossible, I know shorts through strategic options could work, but the market makers do set the bid ask spread, so those could get pretty ugly.

  • http://trading-to-win.com/ DavidDT

    new S&P500 video uploaded
    it is free to watch and criticize, but if you like it – spread the word – someone else might benefit from watching it
    http://www.youtube.com/watch?v=GgNZrNmSN9Y

  • http://trading-to-win.com/ DavidDT

    there is no point in trading illiquid product, I only short via puts on stock with volume over 1-2 mil.
    if spread is wide – I just post the best bid before stock movement down expected to slow down (based on my religion indeed) and I wait.
    I find that /es futures are enough for any purpose – day trading, long term shorting with no time decay (not counting roll dates)
    I got real lucky today and flipped /NG for 200bps, got into trade at 8:50AM – of course I had no idea that it is going to explode. result? over 2K per ct. (do have witnesses from my chat room 🙂
    of course I was VERY lucky, because based on indicators I use I had to exit that trade with gain of about 100bps, but my sister asked me to pick her kids up – so when I got home – price moved up again signifying more upside.
    Again – I prefer to know what I trade, and trade what I know – possibilities are endless (for them to screw us up) and I don't chase.
    Again – IF trader is unable to trade (and don't have sufficient funds) a single instrument (such as /es eg) – that trader will equally lose money trading anything else.
    That is why when I hear “I am no good with ETFs – I will do better with FX” – I just ask how much money I will get from that “trader” – no pun intended.
    Why would I want to care about yet another sales pitch such as “single stock futures”?
    AND – chasing 50 stocks at a time will not increase profit chances, but quite opposite…

  • http://www.pacfreehotwater.com steveo77

    DavidDT, thanks for your response, it is respected.

    I have done well on stocks, and I may venture into FX–it is moving alot. However, I am proceeding with caution.

    Is SSF illiquid as far as you know.

    Agree on the 50 issue. I rarely have more than 7 positions in progress. Even that is challenging.

  • http://trading-to-win.com/ DavidDT

    this is short term view
    http://screencast.com/t/LgaXFqbdvTu

  • anotherone

    ZeroHedge linked to a report by somebody named Sprott.

    http://zerohedge.blogspot.com/2009/07/sprott-it

    Direct link to the PDF

    http://www.zerohedge.com/sites/default/files/Sp

    I read it and if I wasn't a bear, it'd scare the pants off me.

  • http://trading-to-win.com/ DavidDT

    I was not talking about anyone in particular.
    as for SSF – I am a wrong person to ask about FX,
    I made a trade yesterday night to make Mole laugh (thou I made money and ..well..never mind…) and posted 2nd FX trade idea which made money as well, but I don't trade FX often, last time probably few months ago.
    I prefer to trade bonds via /zn /zb or /EUR /6e (opened /dx long today) and I don't do that often too – only when all things are pointing to the big move.

  • http://www.ambgtrading.com/ amgrant

    Eric Sprott of Sprott Management. He's an incredible money manager in Canada who makes very few public appearances. He made a one-time visit to BNN a few months ago because he felt this things were VERY bad, and it seems he continues to have that same opinion.

  • http://alphahorn.blogspot.com/ alphahorn

    Well vacation's over, and it doesn't appear much has changed in my outlook. Still look to a strong correlation between the $ and SPX. See the SPX 1/3 of the way to finishing its last leg of its ending megaphone pattern, and the $ seems to be beginning wave iv of 5. We're getting close to the inevitable it would seem.

    http://alphahorn.blogspot.com/

  • http://zstock7.com/ zstock

    Here’s a nice looking trade—Shorting LEN–
    http://zstock7.com/?p=1414
    Shorting LEN, means you can probably short other housing stocks too!

  • molecool

    Linky no worky…

  • molecool

    Some asshole is driving the ES futures up right now – this effort is lead in the NQ. Those boys never sleep – monkey business continued overnight. I have a feeling I'm going to wake up to the fucking NQ near today's peak.

    Bastards…

  • BigHouse(Aka Mr Vix)

    Seems that there is a peep video on Erin Andrews(ESPN) when she was in her hotel room. I know she is hot but this is going over the line. I feel bad for her. This stuff should be criminal and prosecuted to the max..

    http://www.foxnews.com/story/0,2933,534403,00.html

  • anotherone

    Bummer. The link to the PDF contains spaces in the URL which seems to bork the process. The link to the ZeroHedge blog entry seems to work and there's a link to the report there. Hope you don't mind me linking to another blog, but the report does the best job of incinerating any possible green shoots I've seen. And it does with stats that are easy to digest.

  • BigHouse(Aka Mr Vix)

    yea 1923 lots traded 5 min ago..

  • BigHouse(Aka Mr Vix)

    Hang Sang up 361 ..Maybe that why we got the spike.

  • BigHouse(Aka Mr Vix)

    Overnight traders in ES should keep an eye on asia.

    HSI

    http://screencast.com/t/Cg7AFiwWmw

    Nikkei

    http://screencast.com/t/9xMA8yr019p

  • Fujisan

    Look at USD/JPY! I love this.

  • molecool

    I just took profits babe…

  • molecool

    How many more up days are we going to have see? F..ing insane…

  • BigHouse(Aka Mr Vix)

    Seems that CNBC has been talking about certain blog sites latley. CNBC bashes bloggers but seem to be reading them alot..The real news is on the blogs not CNBC.
    http://www.zerohedge.com/article/charlie-lets-z

    Here is some quotes from bloggers about Cabrera…

    “…and moronic bloggers is redundant” shows such spectacular intelligence on behalf of Ms. Cabrera, or was it Ms. Caruso. What? Caruso-Cabrera? Isn't that redundant? I get confused…

    It's the breasts. They are blinding and cause max confusion. Even to me and i am a chick.

    I'll tell you what's redundant – Caruso-Cabrera and breasts.

  • Fujisan

    Watching asian market pays off!

  • BigHouse(Aka Mr Vix)

    http://screencast.com/t/Knoup2BGqe

    Lets look at the past.Grrrrrrr

  • BigHouse(Aka Mr Vix)

    update on hsi index ..If you are in a bar or a cave tonight….

    http://screencast.com/t/Knoup2BGqe

    ES

    http://screencast.com/t/CErJMHKeEC

  • http://trading-to-win.com/ DavidDT

    tomorrow is the top – relax

  • Keirsten

    Shanghai had a gap to fill up at 3312.72, they made it to 3312.39 so far and then turned around.

  • http://trading-to-win.com/ DavidDT

    normally I don't post direct link, but I think it IS important to read.

    NASDAQ Rally to peak tomorrow?

  • perspective

    best to keep things in perspective

    http://finance.yahoo.com/echarts?s=%5EHSI#chart

  • http://trading-to-win.com/ DavidDT

    no, “they” will not, at least not without pb.
    tomorrow is 9-13-9 sell
    let me sound all mysterious ghh..ghh

  • http://trading-to-win.com/ DavidDT

    crap – I don't care about virus, but I'll take Trojan and Erin – where is the video???

  • GoBruins

    Keirsten, the Hang Seng is @ 19696.00 +447.83 +2.33%

  • Keirsten

    Thanks GoB- I just can't pull the chart to get the number on that gap unfortunately, but I'd sure love to know. Typical Murphey's Law- David was asking about my connection this morning and I was feeling all smug as a bug with no problems and then BAM! Out it goes and very spotty tonight, I can barely get on here at ES.

  • EDC

    hopefully reality hits with the pre-market..

    http://acrossthecurve.com/?p=7242
    little info on the seasonal adjustments on Jobless claims… Actuals have been bad but the seasonal adjustments make them look better. no more adjustments for a while.

  • lilme

    Apple “buy,” target price raised
    11:38a.m. – Deutsche Securities

    NEW YORK, July 22 (newratings.com) – Analysts at Deutsche Bank Securities reiterate their “buy” rating on Apple (AAPL). The target price has been raised from $150 to $225.

  • lilme

    Disclaimer: I posted this tongue in cheek – sort of.

  • Keirsten

    Last time I looked, the P&F target was 210 believe it or not. Stranger things have happened….

  • EDC

    Where were they when this was in the 90s… reminds me of POTASH and all the fertilizer stocks last July. Everyone raised their buy target price because Potassium had unlimited pricing potential due to the fact that there would be no additional supply coming online from mining till 2012/2013…
    AGU, POT, TRA and many others took over a 60% haircut, some are still 50% below the high before the report came out.

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • EDC

    is there anyway to run a P&F target for Potash on June 08 prices… I would be curious to know what the cpu calculated… backtest like that might not be possible.

  • molecool

    Oh, I will keep adding as we go…

  • PRSGuitars

    There is SO much overhead supply in AAPL it's kind of scary, however as a former AAPL bull (bought $1,200 worth of AAPL in '97 as a teenager; that worked well) I have to note they really were trading at rather silly levels during this decline (4.5x free cash flow @ 80/share? wow…).

    Now that they're at 160, however, I can't help but question what level of institutional support will come to push AAPL to new price levels. Certainly, however, there's interest in the stock — but I suspect we will return to the 120 area at least prior to any assault on 200 again. This pop likely saw a fair amount of previous bagholders (my mom's acct., for example, holding AAPL from Jan 08 @ 157/share) liquidating their near b/e positions…

    but perhaps I speak too soon. Phenomenal company with great margins, though obviously the supply of customers is more relevant nowadays than the supply of NAND. If it's anything — I bought an iphone and new 15″ unibody laptop from them this past March (but then again I'm a die-hard; it's my sixth mac and I'm 23… so perhaps I'm biased despite the recession?).

  • playtowin

    Thanks for our chart. You seem to be showing a target for 1000 for e. You say pullback tomorrow (today now!) – do you have a target for the pullback, before i presume the final launch to the upside?

  • springheel_jack

    We are overdue for a pullback.

  • Keirsten

    Shanghai had a gap to fill up at 3312.72, they made it to 3312.39 so far and then turned around.

    Hang Seng had a similar gap to fill, but my internet is giving me fits right now and can't bring up their chart right now. Maybe someone else can pull it and get that number for us.

  • http://trading-to-win.blogspot.com/ DavidDT

    normally I don't post direct link, but I think it IS important to read.
    (hope Mole will forgive me on exception basis)

    NASDAQ Rally to peak tomorrow?

    P.S. UJ might go to 94.54 after pb, but I am not trading anything tonight – tired, good night gang

  • http://tradingperspective.blogspot.com perspective

    best to keep things in perspective

    http://2.bp.blogspot.com/_RHwzqq5yGy0/SmfVvhrWt

    that doesn't exactly qualify as bullish in my book after a vertical leap.

  • http://trading-to-win.blogspot.com/ DavidDT

    no, “they” will not, at least not without pb.
    tomorrow is 9-13-9 sell
    let me sound all mysterious ghh..ghh

  • http://trading-to-win.blogspot.com/ DavidDT

    crap – I don't care about virus, but I'll take Trojan and Erin – where is the video???

  • GoBruins

    Keirsten, the Hang Seng is @ 19696.00 +447.83 +2.33%

  • Keirsten

    Thanks GoB- I just can't pull the chart to get the number on that gap unfortunately, but I'd sure love to know. Typical Murphey's Law- David was asking about my connection this morning and I was feeling all smug as a bug with no problems and then BAM! Out it goes and very spotty tonight, I can barely get on here at ES.

  • EDC

    hopefully reality hits with the pre-market..

    http://acrossthecurve.com/?p=7242
    little info on the seasonal adjustments on Jobless claims… Actuals have been bad but the seasonal adjustments make them look better. no more adjustments for a while.

  • lilme

    Apple “buy,” target price raised
    11:38a.m. – Deutsche Securities

    NEW YORK, July 22 (newratings.com) – Analysts at Deutsche Bank Securities reiterate their “buy” rating on Apple (AAPL). The target price has been raised from $150 to $225.

  • lilme

    Disclaimer: I posted this tongue in cheek – sort of.

  • Keirsten

    Last time I looked, the P&F target was 210 believe it or not. Stranger things have happened….

  • EDC

    Where were they when this was in the 90s… reminds me of POTASH and all the fertilizer stocks last July. Everyone raised their buy target price because Potassium had unlimited pricing potential due to the fact that there would be no additional supply coming online from mining till 2012/2013…
    AGU, POT, TRA and many others took over a 60% haircut, some are still 50% below the high before the report came out.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • EDC

    is there anyway to run a P&F target for Potash on June 08 prices… I would be curious to know what the cpu calculated… backtest like that might not be possible.

  • http://evilspeculator.com molecool

    Oh, I will keep adding as we go…

  • PRSGuitars

    There is SO much overhead supply in AAPL it's kind of scary, however as a former AAPL bull (bought $1,200 worth of AAPL in '97 as a teenager; that worked well) I have to note they really were trading at rather silly levels during this decline (4.5x free cash flow @ 80/share? wow…).

    Now that they're at 160, however, I can't help but question what level of institutional support will come to push AAPL to new price levels. Certainly, however, there's interest in the stock — but I suspect we will return to the 120 area at least prior to any assault on 200 again. This pop likely saw a fair amount of previous bagholders (my mom's acct., for example, holding AAPL from Jan 08 @ 157/share) liquidating their near b/e positions…

    but perhaps I speak too soon. Phenomenal company with great margins, though obviously the supply of customers is more relevant nowadays than the supply of NAND. If it's anything — I bought an iphone and new 15″ unibody laptop from them this past March (but then again I'm a die-hard; it's my sixth mac and I'm 23… so perhaps I'm biased despite the recession?).

  • playtowin

    Thanks for our chart. You seem to be showing a target for 1000 for e. You say pullback tomorrow (today now!) – do you have a target for the pullback, before i presume the final launch to the upside?

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    We are overdue for a pullback.