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      04-12-2013, 03:40 AM   #1343
r0wr
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Still long FB, AAPL, BBRY...been out of metals for over a month now.

We will continue to grind out new highs...mom and pop need to come in...then the fast money will be made to the downside, but this wont happen until next yr most likely.

Will send out the Defcon 4 alerts when the time is right...
I'm short both FB and AAPL

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I still think we will go into correction very soon. We barely had a hiccup since January 1st on all major indices. SPX has been extremely strong all year. IMO, the faster we continue to climb, the faster we will eventually fall. Wouldn't be surprised at all if the SPY will drop 10-20 points and restest the 50MA on the weekly.

I think we see a big rally in the next coming week. A very unique thing happened today and that is that SPX daily bar open AND closed above it's BB top. If you go and look back on the data, when this happens, we have strong ups there afterwards and then eventually a drop which is generally a 2nd buy opportunity before we truly drop and have a big correction.

Look at November 2010 where we had the same situation. Dip occurred at the end of the month into December and was a good buy opportunity. It continued going up for quite some time but there was no reversal.

Fast forward to July of 2011 and you can see that we opened and closed again above the BB. Mid July was the dip to buy, we retired for the top and then fell hard.
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      04-16-2013, 11:40 AM   #1344
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Really? no one said anything about yesterday hahaha
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      04-16-2013, 11:48 AM   #1345
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Really? no one said anything about yesterday hahaha
lol, my co-worker is in a 3x leveraged SP500 ETF, he got his ass handed to him yesterday (i think about a cool $10k loss). 3 trading days ago, I told him that the direction is unknown at the 1590 level, and that I'm staying in cash to see what the momentum will look like. Lucky for him, there's not enough vol in a broad market index for him to eat a major decay for this leveraged ETF.

Last week's Fed Minutes, China data and economic releases all were contradicting each other in terms of continued asset purchase direction and economic strength.

The only part I regret is not buying into yesterday's close. Today's push up looks great in terms of a 1 day gain. This 1550-1560 level seems reasonable to me for the rest of this month.
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      04-16-2013, 07:16 PM   #1346
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Cool thread! GLD and SLV got slammed though. Maybe they'll recover soon. 15% fall in a week is horrific.
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      04-17-2013, 09:51 AM   #1347
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1. plot us dollar vs gold and silver...your answer lies there as always...dollar will make one final push up soon...but momentum and public sentiment really bad on metals, so you know youre close to a tradeable bottom...I am hearing stories of gold at 800.00 and crap like that...always a good sign bottom is close but not quite there yet imho.

2. AAPL broken for now...stopped out on AAPL...will get back in after earnings...forming bullish falling wedge and massive divergence on it on price vs momentum indicators.

3. BBRY and FB hanging in there.

4. Mkts look toppy as I noted few wks ago...prob trying to form IT top...RUT broke down...SPX and Dow to lesser degree but they usually catch up.
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      04-17-2013, 10:21 PM   #1348
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1. plot us dollar vs gold and silver...your answer lies there as always...dollar will make one final push up soon...but momentum and public sentiment really bad on metals, so you know youre close to a tradeable bottom...I am hearing stories of gold at 800.00 and crap like that...always a good sign bottom is close but not quite there yet imho.

2. AAPL broken for now...stopped out on AAPL...will get back in after earnings...forming bullish falling wedge and massive divergence on it on price vs momentum indicators.

3. BBRY and FB hanging in there.

4. Mkts look toppy as I noted few wks ago...prob trying to form IT top...RUT broke down...SPX and Dow to lesser degree but they usually catch up.
My new PT for Apple is $320. Once it falls short of earnings this week, it might be a good buy. Waiting for all those who are trapped long to finally call it quits. They will once AAPL shows little to no growth. I made a killing on the 425 put the past couple days.
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      04-17-2013, 10:30 PM   #1349
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^ the only new product apple might introduce is the iwatch, which sounds like a dud to me. you already have a phone in your pocket do you really need to wear one as well?
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      04-18-2013, 09:41 AM   #1350
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My new PT for Apple is $320. Once it falls short of earnings this week, it might be a good buy. Waiting for all those who are trapped long to finally call it quits. They will once AAPL shows little to no growth. I made a killing on the 425 put the past couple days.

Good work!...I agree with you on AAPL...I want AAPL to tank 50.00 after earnings(true capitulation) and this will be good time to buy...technically AAPL wants to head to 340-350 range...I would like to buy there.
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      04-18-2013, 09:43 AM   #1351
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^ the only new product apple might introduce is the iwatch, which sounds like a dud to me. you already have a phone in your pocket do you really need to wear one as well?
I dont think AppleTV or iWatch will do that great either...but I do think iphone 5S will do well...as soon as new model out, I will be getting one as there are many of us where that have contracts expiring right about now and are waiting for new model to buy.
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      04-18-2013, 11:16 AM   #1352
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What are the expectations for AAPL's earning report? It's been missing them for an year straight (last April was the only one where it went up $50 after hours) so I assume they should be lowered. All this bearishness on AAPL is probably bullish, lol. Watch them beat and skyrocket to the high $400s again, maybe even the $500s.
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      04-18-2013, 11:37 PM   #1353
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ok so apple closed in the 300 range today. it will probably go even lower, but close enough.

i got this tip back in feb, from a chinese triad. i never invested, but even if i did, it was not insider info (he doesn't work for or around apple)
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      04-19-2013, 10:52 AM   #1354
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for AAPL its all about guidance, not there current earnings...if you are in AAPL for long haul it shouldnt matter whether you get in now or after earnings.

During bull mkts better to buy the good ones and hold.

During bear mots you have to trade...personally I think the big and fast money will come next year when the mkts crash.

One thing does worry me, alot of people saying the bull will keep going and I dont like to be on the same side as the masses.

But on AAPL and gold/silver, alot of negative press now, that is a bullish sign to me.
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      04-19-2013, 07:17 PM   #1355
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But on AAPL and gold/silver, alot of negative press now, that is a bullish sign to me.
Silver and gold are still way high over their norm for the last 30+ years, though.
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      04-21-2013, 04:37 PM   #1356
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I dont trust fridays rally at all...there will be selling soon...momentum indicators say we should sell off...I am talking ST and IT and not LT here.

Price still high but small caps tipping its hat...many momentum indicators showing cautious signs...time to hedge longs or to take shorts if you are aggressive type.

Many answers should be obvious by end of week.

We shall see.
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      04-22-2013, 04:10 PM   #1357
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I went down 10% of my portfolio in the past week. Jeeze...
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      04-22-2013, 05:25 PM   #1358
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Dang, NFLX is going to take off again. Up 25% in AHT to $216.
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      04-22-2013, 06:24 PM   #1359
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NFLX is so dumb.. dat 593 PE.. cmon.
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      04-23-2013, 12:39 PM   #1360
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Who bought that mega-dip just now?

+10% in 1 minute.
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      04-23-2013, 04:08 PM   #1361
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LOL, good thing I kept appl and didn't sell before the call..
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      04-23-2013, 09:22 PM   #1362
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LOL, good thing I kept appl and didn't sell before the call..
Are you still holding AAPL? It's red AH now..
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      04-23-2013, 10:48 PM   #1363
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Are you still holding AAPL? It's red AH now..
wow...when i posted it was around 425, talk about crazy turnaround. yep, still have aapl, plan to keep for awhile, i was more concerned the stock would drop to 300 after earnings, satisfied it's still at 400. maybe it's safe to say 400 is the bottom now?! i guess we'll see....but i think new upcoming products will only push this stock back up. dividend hike and $60 billion buyback is a good thing too.
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      04-23-2013, 10:50 PM   #1364
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wow...when i posted it was around 425, talk about crazy turnaround. yep, still have aapl, plan to keep for awhile, i was more concerned the stock would drop to 300 after earnings, satisfied it's still at 400. maybe it's safe to say 400 is the bottom now?! i guess we'll see....but i think new upcoming products will only push this stock back up. dividend hike and $60 billion buyback is a good thing too.
I think the long term holders got worried when they said there is no new product until Fall 2013. But they are ramping up the divi. Pretty nice.
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