Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (40385)	11/14/2012 11:56:28 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 222588

Might have a move up to 1384 area commencing now.. Closed out my TZA position.. Will be looking for re-entry point if Obama fails to impress.. Hawk

To: Chip McVickar who wrote (40385)	11/14/2012 5:59:22 PM
From: Fintas	3 Recommendations Read Replies (2) \| Respond to of 222588

How you doing CHIP? I had that 1360 and a bit lower 1350. Yet that 1350 only completes TWO of my usual 3 steps. That doesn't happen till 1297. So if we hold here at that 1363 I'll be EXPECTING to see a move back to 1404+18 or 1422 ish. Doubt it will push the 1440 YET.BUT My work is saying we either drop a bit more to the 1360-1350 or we reverse to run up to numbes presented ie 1404-1422. But that run up will stall and back we come to go to that spx 1350 and underneath the 1324 that just says cmon hit me. If one looks at it objectively 1324 was a main pain in the butt on the way up from the 1074/1134/1242. So why be surprised 1324 is a key number and possible support on the way down.. I'm on record expecting the 1324 and if that goes then 1297 with the 1270 as worst case at this time. I'm not saying 1270 is inevitable. I am saying it's there for those who want to see it. On the flip side once this profit taking is done, and we do some back and forth with that 1440 area. 1486 will go and as that happens so too will we say bye bye to spx 1300. So since you are a better trader than me and timer, I'll let you do your thing. I can say this I'll be buying GE JUNES and either 21/22 when it comes to papa. I HOLD ALL CORE with tight fingers. Same with calls for BAC 9's.and now trying to determine what month. I'm loaded with BAc 7's 2014 calls One thing to consider for I know many utilize Da Chiefs clx. Granted I can see where many have sold off, I can still see many in sectors with lots of room to go re selling. On the extreme side is the gaming, semi's etc. But ol insurance, savings and about twenty others sit in the 55-60 area and that says to me they will go lower. And if that is happening that plays into the bounce, then down a bit more till we get some real I'm out of here. All to say I think the clx will be signalling buying but that buying will run into a wall and a bit more unwinding will happen and that will take the spx lower as I am presenting. We shall see. Be well. If you want any specific re any sector then just ask. OH and make no mistake I'm VERY BULLISH. To me this is a healthy correction. Fintas