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Master Che
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I developed my own trading system, based on magnetism (physics) and velocity vectors...I find the center of the compression, and factor time with volume which determines the outward velocity vector (linear expansion) thereby predicting price and time. I have a market update service and I manage... More
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  • BAD CALL - AAPL - STOCKS 1 comment
    Nov 15, 2012 7:08 AM

    ESZ12: (SPY)

    8:03EST

    Clearly a bad call (bounce call)

    I found the mistake; the immediate move is down to 1336.25 (min.) but in light of the fact the crash window still being open; at one point (probably below 1349.25) it free falls (mini crash) the only question at hand is if it reaches 1295.25, it should.

    As I have updated several times; majority of the major stocks CAT, IBM, MSFT, GOOG, JPM, GE, SBUX, SPG, KO, PG, HPQ, EBAY) have extremely bearish set-ups taking us much lower than 1295.25 on the ESZ12

    _________________________________________________

    AAPL:

    9:50EST

    If the major markets collapse down as expected, AAPL will follow.

    The immediate move is down to 512.56, but in light of the fact it has failed all week long to trade above 555.00

    Down Price Target: 466.00

    Down Price extension: 404.93

    Up Price Target: 733.00

    Up Price extension: 766.00

    Equalizer: 599.50

    Lower Wall: 555.00

    Then I'm looking for it to reach 444.00 to 466.00

    Longs either get out or put on a hedge

    ___________________________________________________

    STOCKS

    9:31EST

    I plan to close all my longs (pre-market) or on the cash open

    And plan to get short a number of stocks

    AMZN, EBAY, SBUX, GOOG, CAT, PG, YHOO

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  •  
    very very useful posts, thanks.
    Looking to short PG, SBUX and AMZN myself
    what is your strategy for the point of entry on those shorts?
    Awaiting for a small bounce first?
    thanks for all your help
    Short AAPL already
    15 Nov 2012, 07:52 AM Reply Like
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