AAPL

Just a quick note - was kind of interesting to see intraday low around 385 and then up we go...

I do think it is just a bounce off support to take as much of market's money as possible - but way down is not over yet according to monthly countdown in progress... of course it might end abruptly, 'nottin is curved in stone

 

As for market correction, "within next few months" is still in cards, on SPY monthly we have 12 - waiting on 13 :)

Coming home to roost or the story of (CWB)

 

It is strange how many charts on so many timesframes say the very same story -

correction is upon us.

Here is (CWB) - 

SPDR^® Barclays Convertible Securities ETF

looks UGLY to me.

 

 

Enjoyed while it lasted?

You'd better. Because what I think is about to happen - on a bigger magnitude - within the next two months - we will start corrective wave down - quite possible when I look at monthly SPX chart.

 

Based on Daily chart we might start short term correction about now

 

 

 

Weekly is entertaining as well

And for you Apploid_Shizoids - APPL has way to go to around 380 area, sorry DeMark - your prediction of 440 and "may be as early as today will go up" did not work out ... for about 2 months now?

 

 

 

P.S. After posting I went to see how it looks on what used to be a refuge place for many great sane minds (one might say - "insane" - we believed in doctrine of partially free market once) - and what I saw almost made me cry ... well, almost ... cry...

SO great to see that some of you are still around, still brave enough to hope - because we DO hope WHILE we criticize, but all is lost when we are indifferent.

Nearing Major Top

That RSI is not healthy, not healthy at all, Attempt on 2007 high and correction?

 

 

It's a Mad Mad Mad Mad World

My prayers are with those who lost their loved ones in the unimaginable tragedy of Newtown, CT

 

 

Do you see what I see?

It is not the end of the world..

 

 

 

Was browsing through charts and turned to my long time favorite time frame - 3 days, sometimes you can see quite interesting things.

We might be just about to correct and go below of November's lows ... I'll be short starting next week.

 

Closed long RIMM position at almost 50% profit ( Thank you to Karl Denninger - he ignited my interest to that trade )

Watching Natural Gas ... watching ... watching ... seasonal move is not really what I want to catch ... watching for something bigger...

Areas to watch for support on SPX and long live UNG

1300 and if it breaks - then 1270 - both are TD Support lines

I am slightly short, unfortunately I was really tied up with my other initiatives and do not have any sizable short position.

As for long positions - I think it has come the time for Natural Gas to start making widows on the way up

 

RIMM

Was browsing net few days ago, stumbled upon Karl Denninger’s blog where he was talking about (RIMM) not being as much of a dead meat it was last 2 years. Decided to take a look and – TD supports that theory, at least on the lower timeframes. Though I missed daily signal already.

Break of TDResistance line might result in higher move. Especially from this base

 

 

Update

Sorry for my complete absence last few weeks – my Mother was terminally ill for a while and finally passed away this Sunday. I will resume postings as soon as possible