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;

Sunday, March 29, 2009

AAPL weekly: 3 green bars, another HH/HL; KD above 80 here...overbought but no sell signal, very bullish. 103.60 break out, no resistance until R3, first target at the gap 119.68-123.00. Since it already had 3 green weekly in a row, so, a weekly red or doji is reasonable for next week.

AMZN daily: gap unfilled, key support at S2, any price below S2 is a buy on dip opp, MACD/KD both sell signal... so, a side move from here until line A is due (only a close below line A with huge volume is a bearish for this stock) you need to STO OTM call against your leap BTO calls to hold through this IV decay time, perfer 1 step up, ie, if you are holding Jan 10 90c, you STO 95c as hedge, if you holding stock, you STO jan 10 85-95c to collect some time value, this side move could last until Apr 13th.

AMZN weekly: black shooting star, but a bullish confirmation to the previous shooting star, bullish looking, KD could make another bull crossing above 80, up with volume decrease... so, if volume stays like this, then a side move until S1 is due, or if volume jump, possible anothe HH on weekly... the red bull channel is still a valid channel...

PCLN: insider doji with half volume... consolidation.

PCLN weekly: HH/HL bottom out green at line B, so, the 3 weeks long correction is over, next stop is line A.

RIMM: HH/HL red hollow inverted hammer... measured move continues...

RIMM weekly: closed above MBB, 3WS, target at UBB (56.36)...

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