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I keep an eye on the 10 year treasury. there're still some people believing we need qe 3 and therefore money is probably parked in bonds.
but if we continue to see improvement in the economy, that parked money could easily be transferred into the stock market. that's one reason I like this low volume rally.
should appear later this summer. Another Apple chart. Just an observation: that the K%s are crossing the D%s. Well, price drives the indies and with that price closed in the lower half of the bar with a lot of volume. We had a gap opening and sellers drove the price lower all day. Profit taking that closes the gap? Back to L1? Stay tuned...............
aloha Tiberius, what the heck is %K and %the other one? as i write, i can't see the post anymore, lol. i am sitting on a tidy profit in calls right now - i promised hubby i would hold onto them for a while, not daytrade them but am starting to fret - this is why i am not a long-term investor. i just don't have the stomach for it! i like to be in all cash at the end of the day. this swing thing was an experiment! aaargh. anyways, much obliged if you can let me know what those % things are.
Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
hmm. that's interesting! just hard to know how to interpret. if we are blasting off into some new type of hyped-up market, the traditional formulas for those indicators aren't going to work. i don't know. AAPL traders, wd be curious what u think of my AAPL analysis for tomorrow, which i finished before seeing this last post.
well, i dumped another 3K into AAPL calls - this time, the May calls - on the dip today. that was my only trade. right now i'm up about 16% on the AAPL calls overall.
big question is, what next?
obviously today marked a new high in the bull …
Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
Buyers and sellers beat each other to a draw on Friday. The daily Stoch has issued a cross which means profit taking (evident in the last two bars) in a bullish weekly Stoch trend. Bars are still blue. To manage a position in Apple, either draw a line in the sand (stop). Or drill down from a two hour to 30 minute charts.
