Both are repeatedly tapping the 61 fan retracement line.
Doesn't look like either will make new lows, but would still be ok
down to a 62 pct retracement of last quarter's runups on a VIX
spike. Don't think we go down to hard, in
general, with these leaders being bought. Both project
upside range trades of about 10 pts to 78 fib line of last
quarter's runup.
UPDATE: ernins are on 1/27, still 10 sessions.
You've increasingly large downisde waves, which should break sym
here in a few days , or, yes, bets are off. Upside tgts
project to 123 and 133 from last year's rally. The 113.5 area
is pretty resistive area, but has been gashed once already.
Blobba has some work to do, but looks like a move above 98 with
a futs pop would have things moving in the right direction.
Above avg ATR already. Open gap at 100+ . Nice 500k
block there at the lows an hour ago.
Patience and a little book lernin' ... overnight action
mimicking the futs provided a nice base which got the ma's
positively aligned on the 5 minutes, little pullback and entry
point at 96.5 or so right off the open.
update: algo bears are tough... whipsaw , but potential to move
stops twice from LOD, to break after first 5', then under 2nd five
minute bar to stop out near breakeven b4 whipsawed out in weak
market.
AAPL and BABA orderly bullish fan retracements
Posted by hatefalseweight on 13th of Jan 2015 at 01:31 pm
Both are repeatedly tapping the 61 fan retracement line. Doesn't look like either will make new lows, but would still be ok down to a 62 pct retracement of last quarter's runups on a VIX spike. Don't think we go down to hard, in general, with these leaders being bought. Both project upside range trades of about 10 pts to 78 fib line of last quarter's runup.
UPDATE: ernins are on 1/27, still 10 sessions. You've increasingly large downisde waves, which should break sym here in a few days , or, yes, bets are off. Upside tgts project to 123 and 133 from last year's rally. The 113.5 area is pretty resistive area, but has been gashed once already.
BABA taps out 62 fib retracement buy trigger
Posted by hatefalseweight on 15th of Jan 2015 at 12:19 pm
FYI the 97.08 tapped out my buy alert for a 62 fib retracement of rally, AAPL almost at last weeks gap, w/ + divergence, don't think it will fill.
BABA
Posted by hatefalseweight on 15th of Jan 2015 at 02:05 pm
Blobba has some work to do, but looks like a move above 98 with a futs pop would have things moving in the right direction. Above avg ATR already. Open gap at 100+ . Nice 500k block there at the lows an hour ago.
BABA overnight action flips 5 minute ma's to buy
Posted by hatefalseweight on 16th of Jan 2015 at 09:55 am
Patience and a little book lernin' ... overnight action mimicking the futs provided a nice base which got the ma's positively aligned on the 5 minutes, little pullback and entry point at 96.5 or so right off the open.
update: algo bears are tough... whipsaw , but potential to move stops twice from LOD, to break after first 5', then under 2nd five minute bar to stop out near breakeven b4 whipsawed out in weak market.
Earnings expectation for AAPL are
Posted by xxnileshxx on 13th of Jan 2015 at 01:47 pm
Earnings expectation for AAPL are really high and with the currency head wind they are really setup to disappoint.