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16
Mar
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Idan Koren
4:22pm
Went short 5% BIDU at the close here.. $572.80 … due to the line breaking down… i’m not sure if 2 10 minute candles is sufficient to be called a break, but i’m willing to take my chances for a possible dump tomorrow of this stock.
3:36pm
Make sure you go to tools and check out the INO Trend analyzer it’s free… i highly recommend seeing what they come up with for your stocks.
3:26pm
Bidu is sitting right on that red support line that i drew yesterday.. we might get the classic gap down on this one tomorrow. If i were more risky i would take a short right here with a stop about 1% above where we stand, but i’m going to go and wait for the break and then short..
Woo 1:08pm:
SPX 1 month:
http://social.focalequity.com/photo/woo1month-67?context=user
sorry, having some trouble with photo uploads at the moment.
We hit a trend line and dropped south. The green fib I drew is not saying that is where the top is, I just drew it based on the current top. We’re still in the bullish channel. Like I’ve mentioned before, that move above the 1146 trend line and 200ma was bullish. Still hard to go short when the market is like this until we get a confirmed break south.
UAUA hit the $20 mark finally. Not sure if anybody was able to make any money off of this when I recommended this at $15. I should have taken a bigger position in this, but generally don’t like airline stocks.
http://social.focalequity.com/photo/2348194:Photo:39105?context=user
Idan:
1:20am
Is the upside done for BIDU?? Take a look at the daily candle here for BIDU. Very toppy:
A closer diagnosis at the 30 minute shows, that there is still a former resistance (now support) line that needs to be broken to the downside before i’m comfortable with swing or even day trading BIDU to the downside. Let’s wait for that break patiently and go short as soon as it happens with a very close trailing stop.
I just sold my QQQQ with nice profit. I told you this moring to join the crowd. I told you also that USO at 40 is a short. I hope to see USO at around 40 tomorrow morning and tnen that will be my trade tomorrow to short USO. USO is going to be my favorit short for next 3 or 4 week. I will short this in any rally until oil reach 75.
March 16th, 2010 at 3:47 pm
You say a lot of things.
————- AMZN ————– CERN —————– these are the two
ive taken positions short at this SPX hitting my target.
i like HAS too. might take some of that also
March 16th, 2010 at 3:49 pm
bid on some HAS ITM PUTS
im taking back my SHORT SHARES …………. UAUA
big strength in Semi’s today. They’re trucking along hehe.
Wow. SPG on fire. I am itching to short. I mean ITCHING!
markets still making new highs
bxp, vno, spg – all blinking at me. In DRV at 9.
March 16th, 2010 at 4:00 pm
Your a braver man than i, lol.
Burnt so often on SRS DRV that have deleted from screen.
Not shorting at close, see no weakness and a possible melt up for 2 weeks ahead. Slapping myself for
even thinking short.
March 16th, 2010 at 4:04 pm
LOL Yes I have had my share of fun and games with those guys. My indicators blinked though and I felt scared to hit the buy button – all pointing to it being the right move. We shall see . . .
March 16th, 2010 at 5:14 pm
I am sick of being right, i just want the cash at this point, lol.
Shorted the hell out of IOC at 72 and expected a huge downmove today on bad drill results.
Hit the 65.00 and bounced like kryptonite. IMO the risk is not up to the reward, when they
squeeze you, they kill.
When your right, its pennies.
————- M —————- did everyone take a look at this DAILY CHART
the pattern is called BO*ER in the BATHROOM
—————- PLAY A GAME WITH ME……………. call it MARCH SPY PUTS ———————–
how many SPY PUTS MARCH will be in the money on FRIDAY
March 16th, 2010 at 4:03 pm
GUARANTEE YOU THIS ………………………I WILL CAPITULATE
if we keep heading higher. this move is a few cents above
my target. it completes a smack of the trendline in my BEARISH
rising WEDGE but the momentum to the upside is simply somthing
you can not ignore and the candle printed today is far from bearish.
GOOD LUCK TOMORROW.
March 16th, 2010 at 4:07 pm
…I am very confortable with my position….SPY is still parked at 161.8%….negligible losses today….W4 may start shortly
March 16th, 2010 at 4:11 pm
NOPE CAN’T IGNORE IT! I’d say stick a fork in SRS and FAZ they done. Train keeps a chuggin up the mountain to paradise there is no stopping it. It will see 1200 before it sees 1100. Anyone short in this market has to have their head examined.
March 16th, 2010 at 4:33 pm
…I am playing short term….we will have new highs…but for me, it may retrace a little bit….therefore I decide to short it..
March 16th, 2010 at 5:19 pm
Could not get a borrow on SRS or FAZ to sell short. TDWater.
March 16th, 2010 at 5:38 pm
Switch to a better broker Jimbho.
People are still shorting this market??
Check out synovus.
March 16th, 2010 at 4:21 pm
The dash for trash is alive and well..that could be a the that we may be getting close to a top just like it was back in January.
March 16th, 2010 at 4:22 pm
Sorry forgot a word !!!!
The dash for trash is alive and well..that could be a sign the that we may be getting close to a top just like it was back in January.
My call for tomorrow is a 2~5 points gap up on S&P and then follow with a sell off but not a big sell off maybe toward 1055.Or maybe we start with a 2~3 points gap down and then fill the gap and then sell off toward 1050, So find overbough stock and get ready for tomoorw which will be very intersting. SWBB
I am looking at USO and UAUA to see if they get to the point I like for them for short as I mentioned above.SWBB
March 16th, 2010 at 5:23 pm
Nice call Sam. So, let me, market will be up and down or maybe down and up.
So find a stock that’s stuck to a big boy and gap with it? Gotcha, will do, lol.
March 16th, 2010 at 5:46 pm
Hey Jimbho, you like my C call?
I told you big boys were going to take it to $4.20 then crash it.
March 16th, 2010 at 9:19 pm
I thunked the 4:20 talk was about smoking a doob?
Just can’t buy C, gut reaction, buy snv by the load, etfc, but can’t do it with C ?
I go to push the button and Warren Buffett appears before me naked saying ” If you can’t
see holding this for 10 years, don’t buy it for a weekend”/ Yeah, meds.
TOOK THESE AT OR NEAR THE CLOSE ………. SHORT :::: AMZN UAUA HAS CERN
this is top of range for CERN should it trace out the HS PATTERN .
Idan,
Are you still holding DXD? Where do you see us headed tomorrow? Thanks!
March 16th, 2010 at 5:28 pm
Being an eternal optimistic sunny side up kinda guy for now.
I no longer wanna be right, just wanna make money. Follow the trend till it serious reverses and then
go to cash not short. Sorry, the risk and expectations for bad stocks to tank is not paying off big
enough for me to justify the risk input. Called IOC dead right on way up and down, made better on
upside with less stress than my expectations for a big downside.
GLTA. Stay long or go to cash. Let em play.
March 16th, 2010 at 5:33 pm
I got stopped out with a small profit yesterday… but right now, i’m not sure if i would hold onto that. The dow managed to crack back into the megaphone formation… if we dont’ get a 0.5% or more push lower tomorrow i think we’re in for more updays.
March 16th, 2010 at 6:50 pm
I have an exit plan to sell all of my 3X short ETFs if it closes above $116.40. Today it closesd at $116.41. My short ETFs didn’t get stopped out EOD (FXP bought @$8.40, TYP @$8.12, EDZ average @$50.98). Since SPY has been up 13 days in a row, I’d give it one more day…. if we don’t turn tomorrow, I’m out. Keeping my positions in SH and SDS. Let’s see how it goes tomorrow. Thanks! GL.
March 16th, 2010 at 7:10 pm
Good luck Anilang, was trying to get a borrow on sds and short sale.
These staged advances on fed day usually reverse, i just can’t see how a put call ratio at all
time highs can support opex?
It’s unfortunate that the market is not abiding by my cycles, oh well, previous experience has taught me that corrections are large when the market does not fall when it is suppose to. I’ve mentioned this before, but guys, you are fighting against the 1-year cycle. Things can stay irrational for up to 3 months in the 1-year cycle peak. I wouldn’t even dare touch faz or be unhedged.. DJT just made a new high today..
However, go back to 2002, 1 year after we recovered from the lows, we quickly corrected 10% –that’s the effect of the 1-year cycle peak. when will it happen, who the hell knows, maybe at 1300.
I said 1200 by June/July 2010 back in ‘09.. looks like we might get there a month earlier. Then again, I remember calling 1044 as the low of the decade, and Jimbho laughed at me… maybe I was right.. then again I’ve been thrashed by 100% of my calls.
IMO, EVERYBODY GOT SHORT AT 1150. THIS IS THE SQUEEZE. IT COULD END ANY DAY NOW, THEN AGAIN, it might extend into OPEX.
GOOD LUCK.
March 16th, 2010 at 6:16 pm
——— 1159.50 ———— IVE POSTED this wave extension print ever since we cleared my 1147 target. so we better close lower tomorrow after almost nailing this # at the close. my calculations are based on closing daily prices only and all the intraday noise tomorrow will be ignored
like im able to that.
March 16th, 2010 at 7:19 pm
A decade is a long time bro. i’m lucky if i can call b’fast right. They are taxing the future to bridge the present,
this will bite but when?
I was just trying to tell you that the ’sure thing’ naked calls out of money have a way of blowing up and killing
the writer. Been there, done that, have the scars.
I just can’t see the risk reward in a 10% drop that may not happen, everyone is calling for a 40%
correction.
Rules of thumb. 1st year of run, 3 corrections of not more than 10% 2nd year 1 correction of 20% and 2 at 10%
The rules of probability just not there.
March 16th, 2010 at 7:20 pm
In EW a hot moving market tend to reset when you least expect it and rally ever higher.
Check out FUQI in a/h
China is not as hot as we are being told? This was everyone’s darling, non stopable.
March 16th, 2010 at 8:40 pm
my UTA cash cow is in CHINA and its pizzin me off.
RSH bounces after a goode earnings report decline. it was
because i failed to go long
UTA better giddy up or im going to punch my screen.
IM GOING LONG — TOLL BROTHERS — in the event someone bombs LA. it will drive
the shares higher as the gang on CNBS yell out buy buy buy for the insurance rebuild.
————- IBOC ———— ive been watching this stock since it crossed $12.50. you can now call me whatever name you want because i deserve the pain and punishment for shorting this stock everytime it prints a red candle. it has now doubled since i started following it. all ive done is LOST MONEY and im in some $20 APRIL PUTS that will expire worthless. GEE , i wonder who sold them to me from their personal trading accounts… the banking management?
HITTING SELF WITH BAT OVER HEAD and deleting IBOC from my list of liars.
now if you short it … it will crash. if i keep betting against it : $46 target