but we must admit, you are the first to recognize the change we made, and for that you get 5-stars...
we have improved... we got rid of the bad traders, we have reduced our long-winded posts, the bullish and bearish scenarios have been removed despite how good they were cuz those pivot #s were very good, but we have them even better now... and since the change we made we have been nearly perfect on the pivot #s and direction of market as well as AAPL and many other stocks, not that there was a lot to improve on in the first place, but what was great is now even better...
will explain more another time, need to get back to trading
The signs of a peak are not there. When mkt goes up big (100+ points) 2-3 days in a row with heavy volume then we have a peak. This mkt has been going up slowly with very light volume indicating the up run is over yet. We need an upside euphoria (extreme bullish sentiment, people taking about 16,000 DJIA) to achieve a peak. Near-term catalysts: 1Q13 earnings may come out to be better than expected (retail sales going up but employment is not growing as fast, meaning companies are producing more with less and that means higher profit margins) and interest rates may finally start going up forcing bond money to move into equities. We could be sitting on a long-term bull mkt caused primarily by structural changes in economy.
Light volume? Adjust your measurements. Also distribution doesn't happen on heavy volume over a couple of days. The last 3 tops including this one were all faux. This is a bad joke, FED is fishn with dynamite in a life raft. There is not , nor will there be an increased flow into the US. There is a good reason that PE's are on the low side. Sell into strength nearing the top just like the pro's.
although we have also made many day trade shorts on the range movement and get out of them... there is a big difference between a short for a few hours on a daytrade range vs. holding for continuation of down or trend
Possibly, we're way overdue.
That's the great thing about apple. It's got so many huge catalysts coming and its priced so low that if it beats earnings its gonna be a bellwether stock for the coming 6-9 months. Amazon, blackberry, And even google will be dumped and tens if billions of new dollars will jump into apple. Apple has the potential to actually make new all-time highs while the market corrects 10-15%.
Buy all you can right now, Apple is being set up for the perfect storm in its favor.
Sentiment: Strong Buy