All 3 are strong sells and should implode immediately. Thanks for the heads up on SAP. I've never followed that stock - yes, an island reversal at the all time high. Notice the headfake on pcln yesterday. Already given up $32 of it's initial $35 gain ( and thats while the major indexes have soared. I believe the top was made on the overall market on the outside day on the SPX on Feb 25th. All world markets have aligned as well with technical tops in place ( London, Hong Kong, France - the ugliest, Germany, Japan) . Crm has broken the initial support level of $169 that I mentioned a week ago, and failed to get back above it despite the ongoing rally attempts in the overall market. I believe Crm will implode on this very evening. Could I be wrong ? Sure. But the major majority of my account is against this stock. I'll take this chart setup every time. Best wishes. The 3 key stocks I'm against right now are Crm, Amzn, and Lulu ( with Apr 67.50 puts for the earnings report at end of March).
pcln action is definately interesting.I'm short CRM, SPY, and TNA against my mostly long portfolio. I bought July 60 puts on TNA as I think this market will at least turn choppy and start TNA on a downward path.
Agreed. I do think s&p will fake out 1530 but reverse very quick to mirror DJIA. I dont have the correct accounts in the UK to be able to do Options so I will be short just before the close Or if it retest its 50dma. Yep we could be wrong but its now set for a drop and ANY weakness in tonight earnings and this will be have a few slices taken from it. GL JK. I have been a silent reader of this message board and finally wanted to say something before the potential Armageddon! GL