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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (5227)	4/18/2011 11:03:14 AM
From: 2MAR$	Respond to of 41450

PCLN just lost another 5pts from that post & litttle bounce $509...yep the declining RSI on the 2nd touch to $520 area told the story ...these tops proclaim themselves , its their way of saying "your finally fully valued " I see it al the time during these toppy market phases when their calling for more run ups in the face of an already toppy market & econ uncertainty (not to mention summer just round the corner) check some other charts for some "Overbought Double tops" : almost all & everyone pulled back (not bad to find almos 90% success rates !) DD dupont NFLX AAPL SLB DT NDAQ OIH DRIV =Quad top amzn amgn spy czm jnpr jdsu fnsr paas tif ndaq vlo slb IR flr ba ibm unp FDX ntes crm pcln txn ash cop **Healthcare cah cvh * MINERs gg *ETFs smh rja rth Food gis eat mcd **Retail deck jwn jcp lulu *Software intu cnqr adbe blkb jdas mrge always looking for more !!!;o)

To: robert b furman who wrote (5227)	4/18/2011 11:49:29 AM
From: 2MAR$	Read Replies (1) \| Respond to of 41450

for AAPL ($324's)..was looking for it to hold this $320/21 pivot today have done some scalp trades in here this morning off that & each of them worked . Have to trade long too , just to keep in practice but sometimes don't care to be right or wrong where it ends up eventually , just to make a good trade is "all" . Very often, just don't get too fancy ...just look over to previous top back in Nov & draw a straight line & call it "support" ;0). (ya know it works more often than not , lol) todays low $320.30 or something...Nov top=$321 ...works.

To: robert b furman who wrote (5227)	4/18/2011 8:20:26 PM
From: 2MAR$	Read Replies (1) \| Respond to of 41450

TXN report out tonight which is a little lite (esp in the wireless chipswhich they knew already) the impact of Japan effecting the 2nd qtr they're looking out to the 2nd half of the year but will have things back to normal by July . (Some talk of AAPL iPhone5 launch pushed out till next October so wherever the path of AAPL takes into & after eps would plan for a settling back down into summer months . Can't talk FA over on wave thread , nor are my pivots considered acceptable especially the "double bottoms" & "double tops"...lol) Could trade to $33.50 then $33 tmorrow or as low $32.50 but imagine the damage may be minimal perhaps $33 bottom near term ? BIG support around $31.80 and at $31.50 on the low end , TXN sure another "clear" example of that "double top" idea ?? ;0)