The ACD Method

Quote from Maverick74:

This is now the 4th confirmed monthly A down in a row for AAPL. This has to be a first.
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Yea we got that big move after that contraction...only it was down and by a large margin. Although it never triggered to the long side, one should always look to leadership in a tape like this. I will post some more setups in some stronger stocks as I see them.
 
Quote from Shanb:

Yea we got that big move after that contraction...only it was down and by a large margin. Although it never triggered to the long side, one should always look to leadership in a tape like this. I will post some more setups in some stronger stocks as I see them.
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Market is still in overbought territory here. Aside from a few breakout s in random names past couple days(AMZN, RIMM, DELL etc). Not many high quality setups.
 
Quote from Shanb:

Yea we got that big move after that contraction...only it was down and by a large margin. Although it never triggered to the long side, one should always look to leadership in a tape like this. I will post some more setups in some stronger stocks as I see them.
More...

Also AAPL is just a too noisy a stock these days. Try to find some more of those gems that no one is watching i.e Lumber Liquidators (LL).
 
Quote from DT3:

Gold price action looks terrible it cant seem to hold a bid, meanwhile silver and platinum are ripping.
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Gold has outperformed Silver by 300 basis pts over the last 20 days although it was up more then twice that.

Gold is holding the monthly level. I have it at -1 on the monthly and -2 on the 5 day and +7 on the 30 day down from +13.
 

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Quote from Maverick74:

Well, the relative weakness in AAPL is quite apparent. Spoos barely down 3 handles and AAPL down 18 pts. The good news, perhaps, is AAPL tested the QTR A down today at 494. However, I rather buy a failed QTR A down when the stock is showing relative strength, not weakness. I still think ES could come off 30 handles pretty fast and AAPL would probably tag 450 if that happened. To say this stock is broken is an understatement.

My weekly A down for AAPL is around 491, right around the QTR A down. This area HAS to hold. But honestly, there are much stronger stocks out there right now then this one.
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for those playing aapl long, the issue is pain. Ed Seykota once said very wisely if you can make 20% you can lose 20%, good explanation of vol by the way. you could apply ACD to vxapl for fun, broke out now reverting............:)
 
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