A lot of the weakness yesterday was due to AAPl, Can the keep it below the lower BB? When it does reverse it should bring the rest of the market with it. (JMHO)
9 replies to this topic
#2
fib_1618
-
- Traders-Talk User
- 10,145 posts
Member
Posted 12 May 2022 - 09:12 AM
Classic double top formation...downside price target is at $122 or the lows of a year ago.
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.
Technical Watch Subscriptions
#4
slupert
-
- Traders-Talk User
- 2,800 posts
Member
Posted 12 May 2022 - 09:13 AM
Classic double top formation...downside price target is at $122 or the lows of a year ago.
Fib
Yeah, I know Cramer is aying $125
#5
slupert
-
- Traders-Talk User
- 2,800 posts
Member
Posted 12 May 2022 - 09:26 AM
Classic double top formation...downside price target is at $122 or the lows of a year ago.
Fib
All I was talking about was "can they keep it below BB", no price targets or anything.
#6
slupert
-
- Traders-Talk User
- 2,800 posts
Member
Posted 12 May 2022 - 09:31 AM
So we are at many on the streets predicted low point. do they hang on and ring out every last penny of their shorts, or cover. Personally I would be covering,a little bullish news and it could explode higher.
#7
fib_1618
-
- Traders-Talk User
- 10,145 posts
Member
Posted 12 May 2022 - 09:42 AM
Classic double top formation...downside price target is at $122 or the lows of a year ago.
Fib
All I was talking about was "can they keep it below BB", no price targets or anything.
Then I apologize to you and the forum for polluting your post.
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.
Technical Watch Subscriptions
#8
beta
-
- TT Patron+
- 4,090 posts
lasergirl
Posted 12 May 2022 - 09:44 AM
Air pocket to 3500. No buyers.
"Daytrading -- An Extreme Sport !"
#9
pdx5
-
- Traders-Talk User
- 9,527 posts
I want return OF my money more than return ON my money
Posted 12 May 2022 - 10:16 AM
Air pocket to 3500. No buyers.
That is the number in my head as well. If it gets there, I will begin buying index funds again.
This market is now controlled by inflation data. Not corporate profits, not Russia, not Roe V s Wade (Yellen claimed yesterday moving Roe from federal to individual states will hurt the economy, in reality only 8 states will impose restrictions, other 52 will be little changed). If inflation stays hot, the bear rules sans a few typical bear market rip roaring rallies.
Edited by pdx5, 12 May 2022 - 10:25 AM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#10
slupert
-
- Traders-Talk User
- 2,800 posts
Member
Posted 13 May 2022 - 11:02 AM
Grbbed LVs.
Today is one of those days I really hate, have a quick profit of 14% or so. This one could have plenty more in it, but I can't break the rules I trade by. I'm selling half maybe more.J ust has to be done, that's all. (JMHO)
