31 October 2007

31-10-07 : Tonite's trading plan

These are the more priority counters with better setup :

(1) GS call
(2) AAPL call
(3) BSC put
(4) RIMM call

30-10-07 : BIDU is going higher

The ascending triangle forms almost same time as GOOG and AAPL. It gapped up,and never retraced back to 340, or to trendline. Thus wait first.

daily
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15min
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30-10-07 : GRMN's triple top pays off

if you have listened to my 29-10-07 advice to sell ur call and buy put,
you would be profitable now.

price did form another top (made it quadriple top), then tank to 120 from 126 box top area.
MACD 15min cross 0 down, thus may even break 15min trendline to 120. Thus its best to hang on first.

daily
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15min
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30-10-07 : BSC is really the dog

29-10-07 I expect BSC to rebound up strongly after broken trendline up. But it just went back down into the same box, and MACD sinks below 0. thus outlook is back to bearish for now.

Luckily, no call signal is triggered, as after 11am, it never went up above 115 again.

daily
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15min
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30-10-07 : AAPL wait for breakout?

29-10-07 i said wait for breakout of level, and it did happen, and retraced back. ascending triangle, it closely resembles GOOG price pattern.

Most likely it will break 168 again tonite, and lets Call !!

daily
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15min
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30-10-07 : RIMM rest on trendline, ready to go

I said in 29-10-07 call if above 120, and put if below 117.Its 121 now, resting on trendline support. thus last nite is not appropriate to enter call. A good time to enter call tonite, if it goes up from the trendline support.

daily
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15min
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30-10-07 : MA's earning effect is uncertain

Its best to hold, as per last advice on 29-10-07. The chart is not strongly bullish, but it does have bullish bias. If result is good tonite, may well go to 170.

Wait for the catalyst to be confirmed first.15min MACD not yet cross 0 up, thus no signal to enter Call for now. Wait.

daily chart
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15min chart
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30-10-07 : GS did retraced

On 29-10-07 i said wait for GS to retrace to 15min trendline first.

without retracement, price is 246. After retracement its 240. Saved $6 for
waiting for retracement. Well done.

Now we are ready to buy Call should GS move higher than 241 tonite.

daily chart
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15min chart
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30-10-07 : GOOG trade was good

On 29-10-07 i mentioned if break 678 up then call.
It did, and its 700. Up $22. Wow.

15min chart
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now i would really wait for the price to retrace to 15min trendline. 700 can be a strong resistance for now.