Starting it off.

Al

1 more chart, with indicators.

Al

measure only from the high, not the second high, imho......extreme stretch price move, if it retests, it will go for the big squeeze, and anything less will get killed....high is 229.67.....that's the one to measure from....eye on 228.17, 231.36...

Originally posted by albert

rat,
I have doctor and dentist appointments scheduled today and I do not think that I will be able to trade today. Thank you for your comments.
On AAPL, I have lines drawn at the 0.886, 1.128, and 1.272 fibos in case price decides to continue upward. It looks like yesterday's close on AAPL was very close to an 0.886 and a 0.618 fibo retrace and it might travel down.

Al

Originally posted by albert

I will look at that too. Thanks.

Al

Originally posted by rat89

I trust you are looking at the drop and retrace on aapl, and have your eye on the .886, the 1.128, and the 1.27... ;)

Originally posted by albert

rat,

Thanks. I will look at that.

Al

Originally posted by rat89

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

Click image for original size

Click image for original size

nflx

rat,

Thanks.

Al :--)

Originally posted by rat89

measure only from the high, not the second high, imho......extreme stretch price move, if it retests, it will go for the big squeeze, and anything less will get killed....high is 229.67.....that's the one to measure from....eye on 228.17, 231.36...

Originally posted by albert

rat,
I have doctor and dentist appointments scheduled today and I do not think that I will be able to trade today. Thank you for your comments.
On AAPL, I have lines drawn at the 0.886, 1.128, and 1.272 fibos in case price decides to continue upward. It looks like yesterday's close on AAPL was very close to an 0.886 and a 0.618 fibo retrace and it might travel down.

Al

Originally posted by albert

I will look at that too. Thanks.

Al

Originally posted by rat89

I trust you are looking at the drop and retrace on aapl, and have your eye on the .886, the 1.128, and the 1.27... ;)

Originally posted by albert

rat,

Thanks. I will look at that.

Al

Originally posted by rat89

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

Click image for original size

Click image for original size

qqq 15 -median line beauty - price rose to the upper line of the green set, then fell, then a blue modified schiff set tested and retested before delivering price to the median line on a gap up to a .618 retrace, as spy was tagging .886 rt....remember: geometry leads news!

rat,

Good one!

Al

:--)

Decided to trade some real money, for a change, on an opportunity in AAPL. I lost a wee bit on this one. The trade idea was OK, but my trade execution was pretty bad. I am rusty! AAPL had a nice move up at the open. I fumbled my way thru this trade!

Thanks, rat for your comments and charts!

Al

:--)

And I forgot to enter a stop loss on the AAPL trade. I need to enter stops on trades, as rat has suggested. That is a good practice.

Al

Originally posted by albert

Decided to trade some real money, for a change, on an opportunity in AAPL. I lost a wee bit on this one. The trade idea was OK, but my trade execution was pretty bad. I am rusty! AAPL had a nice move up at the open. I fumbled my way thru this trade!

Thanks, rat for your comments and charts!

Al

:--)

Click image for original size

Click image for original size

rat,
Cool chart. I am going to try to draw one like it.
Way cool!

Al

:--)

Originally posted by rat89

Click image for original size

rat,

Cool!

Al