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#1 hiker

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Posted 14 February 2006 - 03:08 PM

test of downtrend line on the daily....a trader can either sell the test or wait for a potential breakout above. 20 ema and 50 sma on the daily remain above. daily PSAR sell value is 68.12 high of day is 68.10 20 ema on the 5-minute has represented support for most of the day...another strategy for making selling decision is wait for the 20 ema to break on the 5, 15, 30 or 60-min.

Edited by hiker, 14 February 2006 - 03:16 PM.


#2 hiker

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Posted 16 February 2006 - 11:10 AM

Jan low at 70.87 ...and the 20 day ema is nearby at $70.81.

#3 hiker

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Posted 16 February 2006 - 11:34 AM

upside break yesterday of the downtrend line from the mid-Jan high has held so far...will a snap back to the dt line occur? Will AAPL close above the 20 day ema for the first time since mid Jan? bearish 5 vs. 21 day ema crossover has been in play for a while.

#4 hiker

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Posted 16 February 2006 - 12:18 PM

today's hod about 20 cents below the 50 ema

#5 greenie

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Posted 16 February 2006 - 12:26 PM

today's hod about 20 cents below the 50 ema



Hi there hiker, my play is goog. I bought after Barrons' nasty article came out. I love those guys (Barrons I mean :) ).
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#6 hiker

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Posted 16 February 2006 - 12:58 PM

G - you playing options or the stock?

I am an unbeliever that GOOG will sustain this bounce for long....does not mean I am correct.

Yesterday it tested the 200 MA which coincided with gap support, so a bounce makes sense with the action in the overall market.

http://stockcharts.com/gallery/?goog

yes, I see the move above one of the downtrend lines on the daily chart....question is can it overcome the overhead supply at the current price level and higher? Do odds favor a retest of the gap support or a move above today's highs?

#7 greenie

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Posted 16 February 2006 - 01:13 PM

Hiker, I bought goog stock. I donno how it will travel from here - it all depends on the general market. ISE sentiment was very low yesterday and day b4, and so it made sense to expect a bounce today. Now that ISE climbed very quickly to 200 range, I don't know how long the bounce is gonna last. There was lot of negativity built into google though. So, I am holding with a tight stop.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#8 hiker

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Posted 16 February 2006 - 01:28 PM

goog - first move below the 20 ema on the 5-min since 10:45

#9 hiker

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Posted 16 February 2006 - 04:20 PM

Greenie - your GOOG long was smokin' into the close....happy for you!