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Banks Just Broke Daily Parabolic


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#1 iloli way

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Posted 14 April 2010 - 01:01 PM

Take profit if you own them, FAS up over 6% in one day.... :) This is XLF today's chart. All banks trendlines posted yesterday got breakouts. IT and LT plan needs revamp. WHAT A REEK OF BARN HOUSE! If its a fake out they need to be back under trend real soon. Like a new moon reversal? <_< Highly doubtful.

Edited by iloli, 14 April 2010 - 01:04 PM.

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#2 fib_1618

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Posted 14 April 2010 - 01:15 PM

Take profit if you own them, FAS up over 6% in one day

I still have FAS and FAZ trending on the 5 minute time period.

I'll post any cover signal when I get one.

Fib

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#3 SemiBizz

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Posted 14 April 2010 - 01:20 PM

We have open house this week... posted this morning. So when I said low 70s, look at this daily chart circles in RED... slip zones. Phase 1.. Phase 2 to 82 in BLUE. I think that's what the boyz have in mind, whether they can pull it off or not, we'll see....

Edited by SemiBizz, 14 April 2010 - 01:21 PM.

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#4 iloli way

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Posted 14 April 2010 - 01:24 PM

Take profit if you own them, FAS up over 6% in one day

I still have FAS and FAZ trending on the 5 minute time period.

I'll post any cover signal when I get one.

Fib

Fib, call is based on VST not-so-greedy pocketed money owners. Watching this parabolic one-minute trend day moves, a break down of trend made me trigger happy.
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#5 iloli way

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Posted 14 April 2010 - 01:50 PM

We have open house this week... posted this morning. So when I said low 70s, look at this daily chart circles in RED... slip zones. Phase 1.. Phase 2 to 82 in BLUE.

I think that's what the boyz have in mind, whether they can pull it off or not, we'll see....

Semi, thanks so much, wish many traders take advantages of your Open House Free Offer. Thanks for your generous inputs always. As I said many times before, mine is the simple man's TA, uses King Price only, btw, there are so many experts like yourself with volume, and Fib with his free site indicators galore, I need not have to work too hard to get you guys opinions which always better than mine anyway, but, I am what I am a simple price charter. Here is my BKX longer term chart, lots of room like you said to the upside, but it is against an immediate resistance regardless of breakouts of all other banks. So up we go there I can see where too!: bkx041410.GIF
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#6 iloli way

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Posted 14 April 2010 - 02:25 PM

Fib, poster of the last year, got five-min sell of FAS yet?
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#7 fib_1618

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Posted 14 April 2010 - 02:28 PM

No sell as yet..."hanging on the line now" Fib

Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.





 


#8 fib_1618

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Posted 14 April 2010 - 02:38 PM

OK...here's the scoop for those who are playing FAS as a day trade: Current intraday trend support is at 117.12. With our being close to the end of the day, and with a percentage gain of over 7%, one should consider closing either with a print below 117 or MOC. The characteristic of FAS and FAZ is that they rarely see follow through after a larger percentage move. Caveat...during trending daily moves (which we're in) this may or may not be true. In any event, I would even up at the end of the day regardless and go out to dinner. Fib

Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.





 


#9 iloli way

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Posted 14 April 2010 - 03:18 PM

In any event, I would even up at the end of the day regardless and go out to dinner.

Folks trade with these two master minds on TT are really lucky. All I can say. Prime ribs? or Hunan Pepper Palace? Gin and tonic on me. :lol:
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton