I DON´T THINK SO...
And how do "they" behave near the top?
Friday, January 11, 2013
Thursday, January 10, 2013
S&P500 - After avoiding the void...
Here is the leader testing last year highs.
As a reminder, all time highs are just 5% away, and a plunge down to March 2009 would represent a move 12 times greater than the one needed to test the highs...
From an investor perspective, and for those who care about history, where is the favorable reward/risk ratio?
Low volume and big complacency from the players should keep price unable to sustain above 1475, but don´t be stubborn as markets can extend this rally before a major top is reached...
Nasdaq-100: Hanging Man
The pattern is clear, even more important near a resistance. The Hanging man points to a top.
Obviously wrong above 2751 (on closing basis).
Sunday, January 6, 2013
QCOM - Trading plans
Keep in mind my (bearish) view under 64.45.
1st plan (Daily and Weekly charts)
Under 64.45 => 62.45/55 or even 61.86/62.19.
Sell above 64.1 targeting 62.61 and 62.21. Wrong @ 64.55
2nd plan (Hourly and 5m charts)
Under 63.73 and specially under 63.59 => 63.07 (rising 50h e.m.a.); 62.5 and 62.12
Sell above 63.50 targeting 63.05 (50%); 62.55 (25%) and 62.15 (25%).
1st plan (Daily and Weekly charts)
Under 64.45 => 62.45/55 or even 61.86/62.19.
Sell above 64.1 targeting 62.61 and 62.21. Wrong @ 64.55
2nd plan (Hourly and 5m charts)
Under 63.73 and specially under 63.59 => 63.07 (rising 50h e.m.a.); 62.5 and 62.12
Sell above 63.50 targeting 63.05 (50%); 62.55 (25%) and 62.15 (25%).
QQQ - Trading plans
Take a look at these NDX charts first.
1st plan (Daily and Weekly charts):
Under 66.47/8 => 65.13 (gap) or even 64.74 (rising 200 days e.m.a.)
Sell at 66.46 targeting 65.61 and 65.16. Wrong @ 66.77
2nd plan (Hourly and 5m charts)
Under 66.88 => 65.92 (rising 50h e.m.a.); 65.93/6; 65.75; 65.55; 65.28
Sell above 66.6 targeting 66.06 and 65.31. Wrong @ 66.91
1st plan (Daily and Weekly charts):
Under 66.47/8 => 65.13 (gap) or even 64.74 (rising 200 days e.m.a.)
Sell at 66.46 targeting 65.61 and 65.16. Wrong @ 66.77
2nd plan (Hourly and 5m charts)
Under 66.88 => 65.92 (rising 50h e.m.a.); 65.93/6; 65.75; 65.55; 65.28
Sell above 66.6 targeting 66.06 and 65.31. Wrong @ 66.91
Nasdaq-100 - Trading view
Relative weakness is a surprise in the last 4 years when talking about techs. Anyway, we can, again, be facing a new bottom.
While the weekly chart can (now) point for a bottom after a strong gap up on the 1st trading day of 2013, what should one expect in the near term? What might happen if price breaks 2713?
If NDX fails here, I will be looking to a gap close or even a new test to 200 days e.m.a.
AAPL - Trading view
This is a real Nasty chart, but what if price can hold 525/28?
Above 528 one should expect 535 or even 543 (How will look the daily chart if this happens?)
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