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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (192246)	7/18/2011 11:40:21 PM
From: 2MAR$	Read Replies (3) \| Respond to of 209892

nflx did get the small bounce off the 20ma , getting that support off june high top $275 pretty exactly , where some prudent shorts might be happy to take the cover <bg Sure will be crazy , this is where you trade with level II for scalps only & with the market or just step out of the way .... easier to play the results & if it does pop, will let those shorts take the punishment <bg>..then take the short as it presents itself or the reverse when dust settles . Always something thats more "sure" & less risk/more reward & trending out there , short or long that one's been tracking ...like AAPL today popping pretty expectedly with a few sympathy plays tagging along for the ride into the close like BIDU & SINA that have made terrific recoveries all the way back to near top resistance . Emboldened some of them to see AAPL trading up in the face of the market today , but many are close to their previous top R and subject to pullbaks anytime . Big Blue got a lil lift today but you can see many hesitations out there for those faves already bid up , similar to the last runnups into the May top highs where so many got just a little more but got sold into ... so this $178 is going to be key R still for IBM for instance. Pretty quiete out there tonight , lol, maybe time to take a vacation soon ....