Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Thursday, March 12, 2009

This is what in holding:

Open positions:

RIMM: Jan 2010 70c at $2.25 and RIMM stock at $37.40.

AAPL: stock at $89.90, Jan 2010 100c entry at $13.90.

At mkt close today, AAPL Jan 2010 105c is at 13.45/13.60, I will try to sell this call tomm at $13.90 tomm, so, the Jan 2010 100c/105c will be a free 1 step bull spread with no cost... This will be my first free spread here to show you.



AAPL: first of all, daily candle is not a peak out pattern, so, expecting to see another HH tomm, but UBB at $99.10, and R2 nearby, plus there is a gap unfilled below, so, possible a shooting star tomm, get ready to sell stock above 98 tomm, or covered calls... MACD buy signal, good, but KD black line up too fast, needs a whipsaw here... waiting for next opp to buy at $89.17!! (place a limited order in, if you want it)

AMZN: 4 avg golden crossing here, best stock out there, the next golden crossing will be 50 & 200 EMA, should happen in 2-3 weeks. Chart 2: R3 broke out here... my initial target reached... MACD golden crossing, positive to mid term trend, KD overbought above 80, so, get ready for another dip or side move here, daily candle is HH/HL small green, continuation pattern... current price is above UBB, but BB is very narrow, this means big move next... (so far, what we saw is not a big move!)... Hold it! First target at line B.

PCLN: double hammer at line B, but today is still an insider, it needs to close above $81.82 to turn strong bull again...

RIMM: a best possible daily candle, hammer gap filling BuE candle, very bullish, target on at UBB (47.93) and tomm could be a big up day... possible 8-10% move...

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