Stock Market Intraday Chat: Apr 16 - 20 - Page 8

aapl over $20 off the low now.

This looks like a shortable bounce to me...The ES Mini could not bust through that 1375.00 with any volume level and that is the same point we sold off yesterday..

Good ol' AAPL March gap fill.

boring today

Quote:

Originally Posted by Frankenstein 

I posted this on Friday:

 

"

*  the hourly chart constructed a double top and the daily chart seems to be forming a tweezer top here at about 10 minutes before the EOD

 

*  these different signs suggest a test of 1357 next week

 

*  if the price collapses below 1357, that could mean a test of 1337

 

*  if price doesn't collapse below 1357, the price is likely to test 1400"

 

 

 

 

The test is in process.

I posted the above yesterday, Monday,

and it seems that test of 1357 might have taken place yesterday.  1387 to 1390 could be the target level for today but the target seems certainly 1385 today.

These numbers reflect the SPX.

Quote:

Originally Posted by rando 


I think 1378 is the line in the sand for me, not sure what happens after that but could easily morph into a trend up day. Just when I thought yesterday was the template everything turned hard. amazing.

 I think it's all option games with expiration on Friday.One of the main reason i was bullish until today

too bad all of my longs got stopped on  the stop hunt at 2 am for a test of 1359...... Just shows me more about what I need to fix.  

Quote:

Originally Posted by Frankenstein 

I posted the above yesterday, Monday,

and it seems that test of 1357 might have taken place yesterday.  1387 to 1390 could be the target level for today but the target seems certainly 1385 today.

 

These numbers reflect the SPX.

 

I quoted this and thought this would be wrong. Great call man, continue to be impressed by your posts.

Man what a morning already. We showed some resilience last night when we broke through the 5m fractal channel, before knocking on the door of the 1h channel and breaking through as well.Let's see if we can hold 1382 here. I was feeling the burn when we were running up at that 5m channel, I had already covered my short, but I was being stubborn, and sticking to my opinion far too much.

Another lesson learned today, consistency sprouts not from trading opinion, but what you see. Due to personal rules, I had to go long at that channel break on the 5m, and it completely saved the day once again. I have to admit, this was one of the toughest trades to put on in a while. In the future I'm going to get back to focusing on trading what I see rather than trapping my mind around a concept and blinding myself to the obvious.

5m channel break:

1h channel break:

up close and personal: tracking the trade:

Quote:

Originally Posted by mjoke 


oh ya why would it be? When the market is controlled by 5 stocks basically.

Mjoke.....help me identify all 5 stocks other than the obvious?

Thanks

Quote:

Originally Posted by mookie360 

Mjoke.....help me identify all 5 stocks other than the obvious?

 

Thanks

 

What is a mookie

What index are you talking about?

NQ ranges on 5 to 7.. some say 5 others say 7 .. ya we all know who the obvious ones are.

DOW and SP are around the same number, can count it on 2 hands on any index.

Whoever carries the most influence and weight on % of index.
 

Quote:

Originally Posted by mookie360 

Mjoke.....help me identify all 5 stocks other than the obvious?

 

Thanks

 

sounds like a star wars undiscovered character

or wookie and their 2nd cousin in a small town, but didnt know, and is the bastard off spring? lol. jk
 

Quote:

Originally Posted by Jamesw 

What is a mookie