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Posted my thoughts on AMZN last night. I think the max high it could go is $62s based on 50 period HMA on the hourly chart. If I trade AMZN, I wait and short on any runup, not going long. http://www.elitetrader.com/vb/showthread.php?s=&threadid=92879&perpage=6&pagenumber=12

I like to take the risk of holding some DNDN over its FDA offical response on its cancer drug. It had been in a very narrow trading range yesterday around $15. Probable some accumulation is going on. A runup before the final FDA decision is expected.

SNEN, I plan to get back in the stock on the dip. I think it is in a consolidation before next leg up. The P/E for the stock is in single digit with fantastic growth rate. There was a short on the stock, he piled up ask with fake ARCA ask orders if anyone watched level 2, he tried to scary...

Thanks, Bighead. Good to have you here.

JSDA hourly/15 minutes chart, some weakness to the downside first, may retest $23.10 or even $22:

I think you might need some better charting :-) I wouldn't (didn't) go short at 55-56 because the MOMO was high on AMZN :-) In the chart, the momo line was hooked to the top and had no signs of going down from 04-25-to 04-27. Shorts were trying to cover on dips, 50 HMA has been up and...

On the weekly chart, we see the resistence levels. It should have a tough time to pass $64 to $64.58, that's the resistence formed in 2000, would need some mega volume to pass that level.

On the daily chart, the volume is obviously slowing down, without a surge in volume to absorb these shares bought at higher prices or profit-takers, expect more drift to the downside. Looking for 38.2% retracement around $56.5 as the target price: To the micro-level, on the hourly chart...

Thanks for asking. There were a few issues since I use the same trading software and same clearing house. A few days ago I saw they charge me $13 commissions per trade when I used UBSS to buy/sell. It was their mistake, they said they're going to fix it. You remind me to double check it...

Thanks. From reading Yahoo website, I thought TOMO will announce earnings tonight. Then TOMO is off the list. SOHU is still on. Surprised TOMO didn't go down on the earnings. Yahoo Finance website said BIDU should announce earnings today, obviously YHOO website was not quite accurate. I...

Bought some AMZN $60 puts on this 15 minutes top.

For the day, watched too extensively on SNEN, forgot I've 200 BIDU, stopped out with $2 loss, squeezed on AMZN short:

Will buy some SOHU/TOMO calls today. TOMO is at $15 and its $15 calls are at 0.15. SOHU $25 calls are at 0.70. TOMO earnings tonight, $150 gamble worth it. SOHU earnings is early next week.

Okay, I'm out almost all SNEN at 2.70s , I might buy back again on a dip:

Okay, SNEN 2.55, my 1st target is met, I'm out half of the shares at 2.50s, I will ride the rest of shares for the next couple days, it has more potentials to the upside. My first target met in one day, I am happy with it.

Look at BIDU weekly chart, it gives you a bigger picture. BIDU is trading in an uptrend channel. The recent low is right at the bottom of the channel (with 38.2% fib retracement from recent high). By looking at this weekly chart, do I hear $156? The next logical fibonacci extension is...

If $136 is the high tomorrow and you expect a pullback, then, here are the retracements:

Would be tough to drop to the price you wanted $110, lol, everyone would love to jump in and get a piece of it at the closing price! Based on tonight's trading, here are the major fib support/resistence levels, green areas are 61.8% fib retracements from recent highs, orange areas are 38.2%...

Today I did okay. I bought 2 AAPL $100 calls yesterday and sold them at $3.5 at the open. When AAPL tanked after the open, I got a little aggressive, I bought 10 calls when the stock was at $100, I sold these calls for a fat loss minutes later. Not only I lost all the profits on it, I lost...

Volume change is definitely a great indicator, I use it in bigger timeframes and smaller timeframes. The links below are 150 tick charts on AMZN yesterday, I posted them in real time for a friend. The light blue candles are the volume changes, when the volume slowed down and/or started to...