MSFT is going to 28 area... (4/27/06 Candle)
Started by
SemiBizz
, Apr 24 2008 03:42 PM
6 replies to this topic
#1
SemiBizz
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Posted 24 April 2008 - 03:42 PM
Lowered Guidance for 4th Quarter.... YA THINK ???
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
CHAx
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Posted 24 April 2008 - 05:23 PM
Pretty low volume selloff after hours. Nothing is certain, look how AAPL did today despite the after hours action the other night.
Also, BIDU did well after hours but that hardly makes me want to go long, nor does MSFT make me want to short.
#3
SemiBizz
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Posted 24 April 2008 - 05:25 PM
Pretty low volume selloff after hours. Nothing is certain, look how AAPL did today despite the after hours action the other night.
Also, BIDU did well after hours but that hardly makes me want to go long, nor does MSFT make me want to short.
I guess it depends on your timeframe...and what you are short... AAPL opened lower this morning, did it not? AAPL is going back down to test 159.98 from here, then we'll see if it's got what it takes to get that $179...
Edited by SemiBizz, 24 April 2008 - 05:28 PM.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
CHAx
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Posted 24 April 2008 - 05:29 PM
Pretty low volume selloff after hours. Nothing is certain, look how AAPL did today despite the after hours action the other night.
Also, BIDU did well after hours but that hardly makes me want to go long, nor does MSFT make me want to short.
I guess it depends on your timeframe...and what you are short... AAPL opened lower this morning, did it not?
Right, but it still opened quite a bit higher then it traded after hours the prior day. What time fram are you thinking? I was assuming ST?
#5
SemiBizz
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Posted 24 April 2008 - 05:31 PM
If you read my last nite forecast, you'll note I was positive on AAPL coming into today. I'm not positive on MSFT here. I think we're going to test lower. The setup is a little different for tomorrow, we still had some upside left coming into today, I don't see that for tomorrow... I see a down day even if they jam the open.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
beta
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lasergirl
Posted 24 April 2008 - 05:39 PM
...
I guess it depends on your timeframe...and what you are short... AAPL opened lower this morning, did it not? AAPL is going back down to test 159.98 from here, then we'll see if it's got what it takes to get that $179...
Good point, Semi. Today's high hit the 62% Fib on the nose, so pullback to 147-159 then forward to 185 (.78) makes sense.
I picked up the 160 puts at close. Check out the bearish Gartley in the making (daily chart) ...
"Daytrading -- An Extreme Sport !"
#7
beta
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lasergirl
Posted 24 April 2008 - 05:44 PM
...
I guess it depends on your timeframe...and what you are short... AAPL opened lower this morning, did it not? AAPL is going back down to test 159.98 from here, then we'll see if it's got what it takes to get that $179...
Good point, Semi. Today's high hit the 62% Fib on the nose, so pullback to 147-159 then forward to 185 (.78) makes sense.
I picked up the 160 puts at close. Check out the bearish Gartley in the making (daily chart) ...
On a fundamental level, AAPL's warning on future guidance should be taken seriously. This is a CONSUMER DISCRETIONARY stock (even if some think an iPhone is a "must-have"
), and says alot about the health of the global consumer.
Edited by beta, 24 April 2008 - 05:45 PM.
"Daytrading -- An Extreme Sport !"
