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staying with (bullish) positions in DNA + march 85c - feb90c + march 100c PnL = + based upon 1. falling wedge-like pattern (daily close) forming since 1/11/06 albeit sloping in direction of recent downtrend. 2. potential bullish divergence on macd 3. gap/volume...

:D :D well-- there's ying AND yang - IF the stock (e.g. APOL) was moving lower - then we would be looking for a 'bullish" engulfing pattern. In fact since it ws moving lower by definition I believe - any engulfing pattern would be seen as bullish -- subject to confirmation. So on APOL -...

DNA pull up a daily (close) line chart and see if you note a small falling wedge-ish pattern e.g. 1/12-1/19-1/23-1/27? Will it be a reversal or a continuation --- being as it is sloping in the direction of the st trend?! I will look for DNA to trade somewhat further into the "apex" w/o...

hey---- Martin Zweig must be confused as hell by now --- what was his famous adage: "don't fight the Fed". Hell - oil is manipulated up to absurd levels and %rates have been rising for how many Qs ? Yet the markets keep shrugging it off. don't look now but someone is going to yell TIMBER...

Neoxx re: APOL see the candle from 1/23/06 on the weekly? THAT is an engulfing candle- non? Now the key question is (i.e. for confirmation) --- was that a KEY reversal - i.e. was that volume sufficient to constitute such a reversal OR was it just a head-fake to distribute...

well said...! Your (seemingly) flexible attittude and ability to introspect should serve you well. one more-- if you have time - take a look at DNA would be interested in your analysis of whether you see DNA trading >90 in next 5 days I'm positioned + march 85c - feb...

i.e. near the gap resistance

that's not a completely bad idea --- however you obviously need to follow your own ideas - and I'll concede it would not surprise me for APOL to trade to 50. At least your idea is with the trend whereas mine is against.

one more thing as far as overhead resistance from a prior low-- I would submit that said resistance is the 59-60 level established 1/3/06- and not the prior October low that you opined. JMHO

I am by no means going to correct anyone on candlesticks - and I do see you changed it to 'shooting star". just wanted to share information since you mentioned you are bearish on APOL. I still think APOL trades higher. But of course I am not thrilled by Friday's shooting star. I have a 60/55...

scratched 4 AAPL Feb 75c @ 2.55 PnL -40 sold 2 Sox 540 puts for +10 sold 2 Sox 535 puts for +.30 PnL +40 hated to close the SOX puts/AAPL calls - but am transferring account to new broker - so exiting will allow a more expeditious transfer. I am short a bunch of AAPL 75p in...

I have positions in APOL if I may ask-- where do you see a bearish engulfing pattern on APOL? iceman1

Journal thoughts for the week: Adopt the pace of nature... her secret is Patience! Sometimes doing NOTHING... is the BEST trade...! *will post a Journal thought at the start of every week that I have personally been focusing on/pondering in an effort to enhance trading...

you know what? the bottom line is - this is not an easy market to trade. The indexes have whipsawed a lot in recent months - there are plenty of cross-currents. what you described as a reason for the trade makes sense -- so frankly I wouldn't even give it a second thought. You acted in...

this will be an excellent way to trade CME, BOT et.al. CBOE to launch exchange-based index By Lisa Sanders, MarketWatch Last Update: 12:22 PM ET Jan. 27, 2006 NEW YORK (MarketWatch) -- A new index based on the stock prices of publicly traded exchanges will be launched Monday by...

PART II This is not to say trading should not be fun; indeed not only should it be but for most traders it MUST be. However, the fun comes from the flawless execution of the rules appropriate to our stage of evolution and not from trade by trade results. IV Identify the Blocks to...

some weekend reading FWIW: (p.s. I did not write this) It is my belief that successful trading is a function of: A written trading plan with an edge Effective Money Management and Winning Psychology In this essay I shall: 1. Identify the essential element of winning...

AAPL I think AAPL gets hammered after earnings- for sure! Maybe 15 points or more from highs. Probably back down to 65! Oh wait--- I said that already in another Journal thread! :eek: :eek: Remember - all things come to he who waits! And that's what makes trading and the markets so...

sold 10 TTWO Feb 15c @ .75 (may close on monday - roll into June 1750c if TTWO gains ground above 1550 +10 TTWO march 15c @ .95 PnL +200 TTWO Feb 15c @75 PnL -75

--weekly PnL-- sold 4 CME Feb 390p @ 975 avg will buy back puts next week PnL +780 sold 2 SJX NG @ 7.15 PnL +490 1st week realized PnL +$1270 open PnL +4 AAPL Feb 75c (@265) PnL -340 > gtc order buying 4 more @ 1.35 +2 SJX NG (SOX Feb535p) @ 630 PnL -40...