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To: hawkeyefan who wrote (191845)6/30/2011 2:57:46 PM
From: 2MAR$  Read Replies (3) | Respond to of 209892
 
SMH is a slow mover but a great swinger and tried to point out that little higher trip top that it was putting in was a short... just as the SPX topped at 1370 .

Really lagging SMH has just been 'ol faithful' off clear pivots . Semis really been hit hard here , except look at INTC popping today . Don't think shorts want to be in the way when they report coming up after that last amazing squeeze and top of their game . Some like NVDA really facing some stiff winds here .




To: hawkeyefan who wrote (191845)6/30/2011 3:05:20 PM
From: rcksinc  Respond to of 209892
 
hawkeyefan
OT
tomorrow is not Payroll #'s, ISM & Mich Sentiment are the only things tomorrow. June Payroll numbers are next Friday



To: hawkeyefan who wrote (191845)6/30/2011 4:23:57 PM
From: 2MAR$  Read Replies (1) | Respond to of 209892
 
AAPL should have more to go ... you'd think a little more ...CCI hasn't reached overbought here but other factors weighing in and they're busy running up other things today maybe . Thought it would at least do the 50ma , well it almost did.

(earnings confirmed on the 19th so still a ways out )




To: hawkeyefan who wrote (191845)7/14/2011 11:11:29 PM
From: 2MAR$  Read Replies (2) | Respond to of 209892
 
What was noting then on June 30 , $Silver was hitting that triple bottom @ $33.50 which also was late Feb top high pivot ....what a difference 2wks makes ?

Today in premrkt initiated short on the AGQ/SLV as both met former R of $209/$38+ in the top of channel . Helped later by a small bounce in the UUP which had pulled back sharply from another triple top test itself ...b

So far thru the Spring & Summer tops n bottoms in these channels, have been the most reliable trade/setups whether one was trading the SPX, Currencies or Precious Metals.

Though not going to assume here that Au or AG hav finished rise , pullback did occur with Silver today from top of channel, a little higher @ $39.20 early on with SLV & AGQ both as well . Are we having fun yet ? <bg

(also check FCX mentioned then , also pausing at lower double top high @ $55.50 area but a nice bounce too )

Good with spotting the double tops n bottoms, will let wavers take over from here ;o)