Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » General Discussions » Stock and Market Talk » AIG

AIG Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
pthegreat
Posted : Sunday, August 29, 2010 7:30:56 PM

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

Registered User
Joined: 6/15/2008
Posts: 1,356
 JPM, MET, STI   similar charts. all on support, TD-sequential buy, Green candle low.
Back to top
pthegreat
Posted : Sunday, August 29, 2010 8:11:45 PM

Registered User
Joined: 6/15/2008
Posts: 1,356
 Are they gonna run it back up to 214?
Back to top
pthegreat
Posted : Wednesday, September 1, 2010 5:09:07 PM

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
Back to top
wwrightjuly4
Posted : Wednesday, September 1, 2010 5:51:37 PM
Gold Customer 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. 
Back to top
tllucero
Posted : Thursday, September 2, 2010 2:43:37 PM
Registered User
Joined: 5/1/2007
Posts: 158
 Do remember your exit. Nice.
Back to top
pthegreat
Posted : Thursday, September 2, 2010 8:09:11 PM

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.
Back to top
pthegreat
Posted : Thursday, September 9, 2010 3:40:00 AM

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
Back to top
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.