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pthegreat
Posted : Sunday, August 29, 2010 7:30:56 PM

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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. 
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pthegreat
Posted : Sunday, August 29, 2010 7:38:05 PM

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 JPM, MET, STI   similar charts. all on support, TD-sequential buy, Green candle low.
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pthegreat
Posted : Sunday, August 29, 2010 8:11:45 PM

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 Are they gonna run it back up to 214?
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pthegreat
Posted : Wednesday, September 1, 2010 5:09:07 PM

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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
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wwrightjuly4
Posted : Wednesday, September 1, 2010 5:51:37 PM
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Joined: 4/10/2006
Posts: 954

Nice,  hope you are raking it in.   I may have to sign up for your training class. 
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tllucero
Posted : Thursday, September 2, 2010 2:43:37 PM
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Joined: 5/1/2007
Posts: 158
 Do remember your exit. Nice.
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pthegreat
Posted : Thursday, September 2, 2010 8:09:11 PM

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Joined: 6/15/2008
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 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.
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pthegreat
Posted : Thursday, September 9, 2010 3:40:00 AM

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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
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