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AAPL Intraday Updates (Archive)
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S&P just lost 804. As Art Cashin said, watch 800 and 793.
Art’s exact words were “50dma at 793?then the shorts may come in and try to swarm.”
Looks like Uncle Art may need to get out his sharper pencil…appears to be 799, not 800.
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“the market can stay irrational longer than you can stay solvent”
-John Maynard Keynes -
I get really tired of the Dow fixation.
Then you should learn Dow Theory so you know why so many of us pay attention to the .DJI
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Here comes 793 on S&P. Let’s see if she holds.
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“the market can stay irrational longer than you can stay solvent”
-John Maynard Keynes -
Got stopped out of SSO. AAPL is almost flat now. I don’t understand today’s action (given the very good news this morning). Is Geithner testifying yet?
My guess - that although the news where not that bad, we had a 25% rally or so - AAPL almost 30%. All TA indicators short term pointed to overbought. We might even end up red today on the indices. We have to watch 800 on the S&P if that holds.
Still got your SRS?
Sure do! :-D
Also got my GS shares. But they are not a short term trade. Plan to keep them until earnings, unless they fall off a cliff.
Congrats on your better than 12% SRS earnings.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Got stopped out of SSO. AAPL is almost flat now. I don’t understand today’s action (given the very good news this morning). Is Geithner testifying yet?
My guess - that although the news where not that bad, we had a 25% rally or so - AAPL almost 30%. All TA indicators short term pointed to overbought. We might even end up red today on the indices. We have to watch 800 on the S&P if that holds.
Still got your SRS?
Sure do! :-D
Also got my GS shares. But they are not a short term trade. Plan to keep them until earnings, unless they fall off a cliff.
Congrats on your better than 12% SRS earnings.
Thanks! Should have mortgaged the house and sold my mother in law and put it all into SRS yesterday.
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“We hang the petty thieves and appoint the great ones to public office.” - Aesop
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Close is going to be ugly if they can’t get back over 793.
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“Mom, someone’s wrong on the internet again”
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Watching this unfold i keep asking myself: will there be a rally??? I was crazy enough to read those doomsday prediction by a couple of experts on cnn.com…well, not a nice partypopper….
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Got stopped out of SSO. AAPL is almost flat now. I don’t understand today’s action (given the very good news this morning). Is Geithner testifying yet?
My guess - that although the news where not that bad, we had a 25% rally or so - AAPL almost 30%. All TA indicators short term pointed to overbought. We might even end up red today on the indices. We have to watch 800 on the S&P if that holds.
Still got your SRS?
Sure do! :-D
Also got my GS shares. But they are not a short term trade. Plan to keep them until earnings, unless they fall off a cliff.
Congrats on your better than 12% SRS earnings.
Thanks! Should have mortgaged the house and sold my mother in law and put it all into SRS yesterday.
SRS is a fun position to trade because it tends to scream up and down but support and resistance mean nothing to it so you need to run trailing stops to avoid getting spanked.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Is that mini rally a setup for a dump into the close?
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“We hang the petty thieves and appoint the great ones to public office.” - Aesop
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Is that mini rally a setup for a dump into the close?
Hard to say isn’t it. Vix has been falling…about to go negative again. And S&P just broke above 804. Might be a continuation of the rally into the close.
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“the market can stay irrational longer than you can stay solvent”
-John Maynard Keynes -
Major battle here to get and stay above 800 for the close… Bulls just gained 805 after battling to get past about 802 for the last 15 minutes.
Edit: Bulls win? Ring the bell!!!
[ Edited: 25 March 2009 04:57 PM by kiwitrader ] -
Major battle here to get and stay above 800 for the close… Bulls just gained 805 after battling to get past about 802 for the last 15 minutes.
I should have shorted more AAPL, damn it!
A $2.50 rise in 45 minutes!?? Pleeeease!
Edit: But I should have known better - Cramer and Jeff Macke said to sell AAPL and take profits. It went up to high to fast and is ahead of itself.
AAPL green now - Tsss!
[ Edited: 25 March 2009 04:58 PM by Plato ]Signature
“We hang the petty thieves and appoint the great ones to public office.” - Aesop
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What is going on?? Why are we rallying??
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“We hang the petty thieves and appoint the great ones to public office.” - Aesop
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SRS is like an annuity compared to SKF! $106 down to $93 in the last hour of trading.
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What is going on?? Why are we rallying??
Because the bulls won this round! once they regained 800 and won that little sword fight at 802-803, it was “ready for take-off.” AAPL’s a card carrying member, so it goes for the ride. that’s why I’m always nagging eevryone around here about the S&P levels. :wink:
Even so, I sold my C into the close. It was getting boring, then it got scary, then I saw the exit door light up and I jumped on the ramp. On to the next…
