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Stock Market Today : May 14th - 18th - Page 21

post #401 of 1030
5/16/12 at 12:59pm

Per  Joe Terenova twitter....

 

ECB says Greek bank move pending bank recapitalization

 

ECB says recapitalized banks can return to normal ECB funding

 

ECB says Greek Bank recapitalization will be finalized soon

 

Euro$ should bounce on this

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post #402 of 1030
5/16/12 at 1:13pm

the SPX is likely to target 1324 today

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post #403 of 1030
5/16/12 at 1:18pm
Thread Starter 

Ok, AAPL chart time.

 

I think AAPL is 10 points away from getting some buyers to step up.

 

I took a fib level from the Jan gap  low (this is where I feel the afterburners kicked in, the gap and go action), took that out to the highs.

 

The 50% level of that run is $540.

 

Next I did some Elliott wave voodoo, assuming the bull stance on this would mean that this correction off the highs here is an ABC correction, if so then A=C which would put it around $532.

 

We also have a support  declining support level coming in around the same range.

 

This is what the technical analysts at the big firms will be showing their bosses. Whether they decide to act on this kind of stuff, we do not know, but in the $530-$540 range AAPL is $100 cheaper than the highs, which again, is a nice round number that might attract buyers.

 

GCEUw.gif

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post #404 of 1030
5/16/12 at 1:35pm

1326 says buy meee.

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post #405 of 1030
5/16/12 at 1:35pm
Thread Starter 

Wow, silver getting flushed here, -3% almost.

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post #406 of 1030
5/16/12 at 1:36pm
Thread Starter 

AAPL flush and here comes the volume spike

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post #407 of 1030
5/16/12 at 1:39pm
AAPL below 550. Took long enough, but well worth the wait! cool.gif

Should get some good buying down here, somewhere! Good Trading, everybody!biggrin.gif
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post #408 of 1030
5/16/12 at 1:39pm

Ooo, LOD was once again $548.00 before taking out that level. It would have been easy money if I had faster internet, oh well. It bounced a bit. So will the buyers step in soon or should I start entering some puts again and wait for that $540 level?

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post #409 of 1030
5/16/12 at 1:44pm

Must....Resist.....Urge....To....Buy....GOOG...Calls......bs_help.gif

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post #410 of 1030
5/16/12 at 1:47pm
Quote:
Originally Posted by o7media View Post

Europe had a nice bounce overnight off their lows. Sucks because I'm still in PCLN puts laughing.gif

 

PCLN took out yesterday's lows and another support level. Next in the $740's....phew, my puts are back from the dead!

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post #411 of 1030
5/16/12 at 1:47pm

daily flush happening (as of late)

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post #412 of 1030
5/16/12 at 1:49pm
Thread Starter 

Sellers easing off now

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post #413 of 1030
5/16/12 at 1:49pm
545 - 540, important support zone for AAPL.

See if it closes above this area. suspicious.gif

AAPL finally a Buy and Hold?
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post #414 of 1030
5/16/12 at 1:51pm

if the dollar rolls over on the FOMC minutes, could create a nice topping candle

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post #415 of 1030
5/16/12 at 1:55pm

I don't know if this is the bottom for AAPL, I'm going to buy more puts now.

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post #416 of 1030
5/16/12 at 1:56pm

FOMC isn't going to say anything we haven't heard before I don't think it'll matter this time. Once the $SPY to cracked that $133.61 level to me I knew this fade was gonna finish off.  Market is HEAVY so much resistance up above put together all these days just not looking good.

 

The sooner we get this flush over with the sooner the buyers will step in.  Everytime we have these gap up then fade days it just keeps prolonging this.  Need real panic, fear, collapse where we go down hard and fast and then buyers step in.  That's how I feel atleast..

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post #417 of 1030
5/16/12 at 1:59pm
Thread Starter 
Quote:
Originally Posted by rst View Post

545 - 540, important support zone for AAPL.
See if it closes above this area. suspicious.gif
AAPL finally a Buy and Hold?

 

545 lows, is it good enough?

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post #418 of 1030
5/16/12 at 2:01pm

FOMC Minutes: Several Say Additional Stimulus Could Be Necessary If Recovery Lost Momentum

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post #419 of 1030
5/16/12 at 2:01pm
Thread Starter 

Now to see of the flush stopped out enough of the longs that we can get some upside going.

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post #420 of 1030
5/16/12 at 2:02pm
AAPL bargain hunters starting to participate.
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