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Bank of America Corporation Message Board

Highlowsel 809 posts  |  Last Activity: 1 hour 32 minutes ago Member since: Feb 26, 1998
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  • highlowsel highlowsel 1 hour 32 minutes ago Flag

    KG: Well....if The Street says there's a reverse HnS setting up then it just HAS to be true?! ;-)

    Anyway....I suppose if I looked at a 3 month day chart, squinted me eyes reeeal hard and had a couple three shots of jack daniels in me then I could see such a pattern. Neckline appears to be at ~$34 with a pointy head down to ~$26.50 in between 'em. It's a fugly looking one, though, principally because I don't like to see HnS formations with such heads.....being more rounded is better. But...this is why I come down firmly on the side of saying all TA is art, not science. Perceived patterns are in the eye of the (hic!) beholder.

    That said I's gots to allow that the pattern may be setting up. Its outline follows the classic prescription...excepting that head. The "right" shoulder, which has been setting up off the bounce from ~$26.50...got to about ~$33.75 then pulled back again....and a classic aspect of HnS's is the follow-along shoulder, in this case the right one, tends to be lower than the first shoulder. So....right shoulder has formed....today may be the beginnings of a spring off of it. If so I'd expect it to spring upwards to a level akin to the "depth" established by the head from that right shoulder. That would amount to a spring of.....what.....$7.50?? Which would mean a target line of ~$41 from current pps....maybe a buck lower if you use yesterday as a gauge.

    Don't know the truth of this WAG of mine...but the stoch's, which have curled back up a bit by way of a buy signal, allow for a spring of some duration. Bottom line....glad I didn't short yesterday...which is what I was mulling....and the remainder of the year just became a lot more intriguing....let's see if 'ol Lucy is setting Charlie up again or not.....

    Just my 2pennies worth...bid now $34..09

    Highlow
    American Net'Zen

  • Reply to

    Above 33.40

    by long_duck_dng Nov 20, 2014 11:57 AM
    highlowsel highlowsel 22 hours ago Flag

    $33.40 to $33.75 is a tough zone...it can't seem to get north of it. In the last 30 days (or so) it's been in this zone......what......6 times? And the stoch's on the 30day chart are screaming overbought (now). I don't have high confidence that Lucy is gonna let Charlie move the ball much further north from here (bid at $33.25). But...by the same token....I don't have a real solid short side set-up signal, either. So....when confronted by this situation all I can say is...."smoke 'em if you like 'em....no clear set-ups yet...!" ;-)

  • Reply to

    Margin downfalls

    by stickboy54321 Nov 20, 2014 2:06 PM
    highlowsel highlowsel 22 hours ago Flag

    Stickboy. Margin is wonderful. Margin is a beaaaauooootiful thing. Margin will snap yer head off'a your shoulders faster than you can blink an eye if you let greed overwhelm your intellect. Most new investors/traders...which is what it sounds like you are....go broke in the first year or so of playing this game. The typical reason? Using margin too extensively and too....deeply....meaning as a percentage of yer "book.":

    So.....margin is good...margin is GREAT......if cautiously used....try to never use any more than....ohhhh.....depending on the size/depth of yer wallet....20% of your wallets value. Because you can never be sure, when using it for those "wide out" moments you mention...that you might have completely misjudged the situation and find that what was supposed to be a trade has suddenly become an investment....so......remember...you've worked hard to build that cash....don't go losing it stupidly....

    Just some random thoughts while watching MU and trying to determine if a play on the dark side (short) here at $33.20 is the percentage play or not.....

    Highlow
    American Net'Zen

  • Reply to

    PM $16.98

    by highlowsel Nov 20, 2014 9:22 AM
    highlowsel highlowsel 23 hours ago Flag

    tfamily: "...it is all about the 10/yr yield..." Agreed...mostly....which means smoke 'em if you like 'em.....the bid aint going anywhere fast anytime soon. Did I mention chug and churn? ;-)

  • Reply to

    PM $16.98

    by highlowsel Nov 20, 2014 9:22 AM
    highlowsel highlowsel 23 hours ago Flag

    Nest: One would think. But it seems Master thinks otherwise....though he ain't exactly driving Pooshie into the ground now......bid $16.98. More like deepening a rut is more the truth of it.....chug and churning along....

  • Reply to

    Harvoni scripts tomorrow

    by jdjunk70 Nov 20, 2014 2:25 PM
    highlowsel highlowsel 23 hours ago Flag

    Joey: I tend to agree. This game is all about perception.....and right now there's not good visibility in regard to the scripts. Yes the analytical community can be gushing hearts and roses. Yes all the tangential data is good. But it ain't nailed down. You take this and juxtapose it against the probable fear that the rest of the planet will do what the French have done...mandate pricing reductions. That's the big EEK mouse in the mix.....even it it's a silly one...the market will (is) react first, think later...bid now $101.01 is indicative of this EEK.

  • Reply to

    BAC Stock....

    by rloos15 Nov 20, 2014 1:02 PM
    highlowsel highlowsel Nov 20, 2014 2:08 PM Flag

    Chug and churn. Churn and chug. Monthly opt's exp tomorrow so guess what.....we have at least 1 more day of this sort of action....not that the bid is gonna launch like a rocket (or failed one) come next week. Did I mention.....chug and churn? It is what it is.....no use squealing about something you cannot effect nor control...

    Highlow
    American Net'Zen

  • Reply to

    Great Company but dead in the water until next year

    by wineilli Nov 20, 2014 12:43 PM
    highlowsel highlowsel Nov 20, 2014 1:56 PM Flag

    Wine: You could be describing institutional hedging going on between the two? When one pivots the exact opposite of the other at the same relative time that's typically an indication that sumbody is playing both sides "against the middle." Anyway even for GILD today has been a day of extreme swings. Started off diving to ~$101.10, then bouncing to ~$103.40, then stairstepped down to $101.20 and now at....$101.43...that's roughly $4.60 of movement on this roundtrip. And we ain't even gotten to 2pm yet (east coast time). Volume is about average for the day. Oh...I added another trading tranche at the ~$101.25 area.....just dancing with the machines doing the trading...

  • Reply to

    Fibonacci from here...

    by sr.cosa Nov 20, 2014 1:34 PM
    highlowsel highlowsel Nov 20, 2014 1:47 PM Flag

    Bid $101.24....this is 4 times in 3 sessions (inclusive of this one) that the bid has hit this level....It has yet to try to fill that Tuesday upside gap from ~$100.50 to ~$101.30....but dam if it doesn't look like it wants to. It has been a straightline fall from the intraday high today.....

  • Reply to

    This is by far the WORST STOCK EVER !!!!!

    by aadaytrader Nov 20, 2014 11:58 AM
    highlowsel highlowsel Nov 20, 2014 12:15 PM Flag

    CLark: Nuthin' wrong with trading AND investing. ;-)

  • Reply to

    This is by far the WORST STOCK EVER !!!!!

    by aadaytrader Nov 20, 2014 11:58 AM
    highlowsel highlowsel Nov 20, 2014 12:15 PM Flag

    Aaday......errrrr.....you claim to have been playing this game since ~1995 and you've NEVER seen such as you're seeing on GILD's intraday? What....you play the game once a year? ;-)

  • Reply to

    Another PM bid yank to start the session

    by highlowsel Nov 20, 2014 9:30 AM
    highlowsel highlowsel Nov 20, 2014 12:13 PM Flag

    I'd closed my earlier "get" at ~$101.10 at ~$103.....and then, kind'a sort'a to my surprise the machines take the bid straight back beneath $102. I expected a p/b...but the straight line within an hour yankage....not so much. So I'm back in at the ~102 line again....everything you see folks is being driven by machine metrics....

  • Reply to

    Now to 103.42 then

    by sr.cosa Nov 20, 2014 11:02 AM
    highlowsel highlowsel Nov 20, 2014 12:08 PM Flag

    It sure exploded.....or rather...imploded? ;-) The machines, using ~40K sized spikes (on the minute to minute chart) have been busily walking this backwards.....bid $102.22. I've got a game going with myself right now....go back to when the bid was $116...draw a downtrend line off that mark, and use the ~$108.50 area as the second point on the line. then draw it thru today. You'll notice the bid has stayed well underneath that line. Then the morning bounce off the low took the bid straight to that line and (now) turned it back. So the bid is more or less tracking that line. My game is simple....my WAG is the bid will track it into close...which means the bid should close at, or south of, the lines closing area of $102.40. And so far...with the bid now at $102.19....it sure looks like that's the machines idea....? Bid now $102.07.....no....$102.02...that fast.....going sub $102....again...

  • Reply to

    Another PM bid yank to start the session

    by highlowsel Nov 20, 2014 9:30 AM
    highlowsel highlowsel Nov 20, 2014 11:31 AM Flag

    By the way....let's play a game....that downtrend line has proven fairly strong resistance.....the bid is now back below it at $102.64. Let's play a game and see if the bid tracks it into close today. If it does I'd expect the bid to end the session at, or about, the $102.40 line..... So...shall we play a game? ;-)

  • Reply to

    Another PM bid yank to start the session

    by highlowsel Nov 20, 2014 9:30 AM
    highlowsel highlowsel Nov 20, 2014 11:21 AM Flag

    Bid now $103.05. Nice bounce straight to a downtrend line from ~$116 I've maintained on my charts. Now it gets interesting....if it can get north of where it sits right now..which is ~$103....and do so on volume....well....intermediate term (down) trend reversal? Let's see where it goes from here...bid now (in the time it took to type this) $102.86).

  • Reply to

    PM $16.98

    by highlowsel Nov 20, 2014 9:22 AM
    highlowsel highlowsel Nov 20, 2014 11:00 AM Flag

    Ha! Listen...it doesn't matter who's in power...or what party is in ascendance....nothing will change. ESPECIALLY as it relates to the OT drivel by the Trolls here and everywhere else in the Yahoo space. All I can say is thank GOD for the ignore function. The day Yahoo ceases that function is the day I abandon Yahoo as it'd make these threads completely untenable from an on-topic conversation standpoint.

    Speaking of which....bid $16.98. what a surprise Master is keeping Poochies nose on/about the $17 line, eh? Heh!

  • Reply to

    Another PM bid yank to start the session

    by highlowsel Nov 20, 2014 9:30 AM
    highlowsel highlowsel Nov 20, 2014 10:56 AM Flag

    Sr.Cosa: Today's game is dominated by HFT/Algo trading. A datum I once saw stated that upwards of 70% (and greater) of the entire volume on the Dow was HFT....70%. Think about that for a second.....so yes...I was referring to the HFT's/Algo's, et.al. Fact is "they" all conduct their trades using TA-related algorithms. To know this is to have the opportunity...not the certainty but the opportunity....to stay ahead of their action and so profit from its predictable, machine pattern....

    And with the bid now at $102.44 you could say in this particular instance that's exactly what I'm doing. ;-)

  • Reply to

    Fed Minutes must have been good!

    by big510eb Nov 19, 2014 2:06 PM
    highlowsel highlowsel Nov 20, 2014 9:54 AM Flag

    J0344: You know what's crazy? This Capitalistic delusion we all, collectively share. It's the one that believes in eternal growth (within a closed loop system like the Earth). There's no recognition of cycles in that sense. THAT, is crazy. Meanwhile....bid $101.90. Grow GILD, GROW! Heh!

  • Reply to

    GILD TO RETEST 96.67

    by sdfsbccv Nov 20, 2014 9:19 AM
    highlowsel highlowsel Nov 20, 2014 9:51 AM Flag

    Sdfa: $96.67 by...Friday/Monday? Nah...doubt it. But I'll also have to acknowledge anything is possible.....though with the way the machines are controlling the bid I'd say yers is a fanciful speculation. ;-)

    Bid now $101.73....

  • Reply to

    Another PM bid yank to start the session

    by highlowsel Nov 20, 2014 9:30 AM
    highlowsel highlowsel Nov 20, 2014 9:49 AM Flag

    Got most of my tranche.....the market used ~600K shares to dive the bid down in fashion increasingly predictable with every session opening....bid now $101.51....all action is being driven by machine-think from what I can tell......errrrr....just a WAG, of course.

BAC
17.075+0.075(+0.44%)2:36 PMEST

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