Tuesday, September 28, 2010

I'll take that little dip in AAPL as an opportunity to cover

MCP cup and handle

Another pattern to note is called a cup and handle. Long or short it works a good percentage of the time.
Here is MCP earlier today

AAPL once more

shorting AAPL on the upswing going into the afternoon session.
cover AAPL again. keep those loses small!
I'm drawn to short AAPL again like a moth to a flame...

AAPL


I wasn't quick enough to catch that 2nd AAPL drop. I'm covering after an hour later of drifting.
It is worth watching though

Where theres smoke theres fire


Looking at AAPL this morning. Unusual drop. Somebody knows something. I'll short it on the possibility that the drop was not an accident. If I'm wrong I'll take the loss.

Thursday, September 23, 2010

NFG




In light of what NFG did yesterday, I practiced a little patience and let it run. Now I'm getting out while its still rising

NFG entry











add size


















NFG exit

TNA TZA sequence



TNA and TZA trade the same, only in reverse. I use them to gauge and confirm one another.


TZA sell















TZA buy















TNA short
















TNA cover and

















go long
















TNA sell






















SINA limmerick


With a buy signal so clear,

It had the potential to go far,

SINA was giving away dollars,

Faster than a drunken millionaire,

In a Las Vegas titty bar.