| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 6/15/2008
Posts: 1,356
|
I rode AIG down from the BB breakdown on 8/11. It's poised for a turn around IMO.
financials gained steam last hour Friday.
TD-sequential buy, followed by Green Candle Low, and a break above the BBands.
It's been bouncing between the 23.6% and 50% fib lines 2/5/10 - 4/26/10
1st target : 50% fib at 36.60 then 39.26 (TDST-resistance) then 40.15 fib line/old TDST-resistance(daily).
Although My long term view is bearish on the markets, Friday's action gave me a short-term bullish view on 1hour and 4hour charts.
So AIG will be a quick call-option play for me.
|
|
Registered User
Joined: 6/15/2008
Posts: 1,356
|
JPM, MET, STI similar charts. all on support, TD-sequential buy, Green candle low.
|
|
Registered User
Joined: 6/15/2008
Posts: 1,356
|
Are they gonna run it back up to 214?
|
|
Registered User
Joined: 6/15/2008
Posts: 1,356
|
8/30 AIG Sep 35 calls : $1.05 today : $1.50
8/30 JPM Sep 36 calls : $1.00 today : $1.95
8/30 MET Sep 38 calls : $1.05 today : $2.00
8/30 STI Sep 22 calls : $1.10 today : $1.85
8/30 MA Sep 210 calls : $2.75 today $1.90
|
|
 Gold Customer
Joined: 4/10/2006
Posts: 954
|
Nice, hope you are raking it in. I may have to sign up for your training class. 
|
|
Registered User
Joined: 5/1/2007
Posts: 158
|
Do remember your exit. Nice.
|
|
Registered User
Joined: 6/15/2008
Posts: 1,356
|
Yes I'm out , all cash now. great profits past couple days. only MA small loss. Looks like SPY has gap filled up to about 110.
SPY closed today 109.47 right at the TDST-resistance on daily chart at 109.49. which was SPY's daily high exactly to the penny.
Tomorrow might trigger some selling.
|
|
Registered User
Joined: 6/15/2008
Posts: 1,356
|
My bias is changing now on these stocks to Bearish. most of them are now either testing a Moving Average, and/or their TDST-resistance line. Played some MA puts intraday, and now gonna watch if it falls through its prior low of 193.
MA 4hr :
after its buy signal bounced up to the 50, but failed and fell through TDST-support
JPM 4hr:
TD-sequential sell-setup completed, and failed the 200.
AIG 4hr:
no clear Demark sell signal, but failed TDST-resistance, as well as the 50.
STI 4hr:
same as AIG
|
|
|
Guest-1 |