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Allan Harris'  Instablog

Allan Harris
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After practicing law for way too long, I moved my family to the beach (Kiawah Island, South Carolina) to trade stocks for a living. After making and blowing a fortune in the technology bubble of the 1990's (and then again in 2006-08), I discovered the art and science of trend following. In... More
My company:
AllanTrends
My blog:
AllanTrends.com
My book:
The Constitution, The Declaration of Independence, and the Articles of Confederation
View Allan Harris' Instablogs on:
  • Name That Chart: Tesla Motors (TSLA), 2013 Or QCOM, 1999

    (click to enlarge)(click to enlarge)(click to enlarge)(click to enlarge)

    Jun 06 5:59 PM | Link | Comment!
  • Potential 2,000 Point DJIA Decline

    Counting 5 waves up and a break of the trend line equals the potential for a quick and dirty debasement of the Dow Jones Industrial Average.

    (click to enlarge)

    Jun 01 3:22 PM | Link | Comment!
  • Trading Apple Computer Shorter-Term

    (click to enlarge)

    APPL is an expensive stock and commensurate with the stock price are very expensive options. Those options are expensive for a reason. Nonetheless, buying at $20 and selling at $30 is no different than buying at $2.00 and selling at $3.00.

    That is pretty much exactly what this trading model allowed us to do with it's most recent Buy signal] on April 23rd @ $407.80. The May $400 calls, which seemed very expensive at the time, went from $21.50 to $34 (as of Apr 29th) and unless and until AAPL generates a Sell signal before expiration, these calls can run much higher.

    Disclosure: I am long AAPL.

    Additional disclosure: My subscribers are Long May 400 calls

    Apr 29 2:01 PM | Link | Comment!
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