I will keep an eye on RLYP. I re-entered FEYE this morning, on that dip. also picked up some PPC calls yesterday. 67% short interest in PPC
I look forward to your comments in the future. I Sold out of my weekly 22.50 calls this morning at 9:45am, into the parabolic spike on the 15 min chart. bought them for .53, sold them for 1.11. will look for re-entry early next week, if the major indices behave themselves.
I believe the bottom is in now for FEYE. price gapped down a couple weeks ago, and has formed a falling wedge. price broke out of that wedge today, closing near the high of day. short interest very significant here, over 16%. I think price will now trend higher, ultimately testing the 50 day moving average, near $30, which will form a neckline , and complete the head, of what I think is a inverted head and shoulders bottoming pattern currently in progress. I think this neckline will be slightly upward sloping.
good luck traders.
what a gift for their retirement
closing price back within the down trending channel
Adami will be flagging this double bottom, short term $60 price target, tonight on Fast
canaccord genuity just reiterated price target. 41% short interest.
remember, the broker and the client aren't both going to get rich from the client's money. this market is ripe for a '87 type selling event
and that will only be the beginning of the next leg higher. check out the MACD histograms using the 65,90,12 setting. these are M.Pring's settings for longer term entry/exit. They are about to produce a long term entry signal. Shorts are now like a frog sitting in a pot of water on top of the stove. the temperature is rising guys. you should cover now
picking up some calls here.
this stock is about to experience a mega short squeeze with earnings approaching
shorts must cover
price is repeating the 2011 correction/recover exactly. back then we broke down from a large head and shoulders top, we had a strong 4 week recovery, the last day of that recovery took price above the 200 day moving average, right into the 'meat' of the h&s top. that day was followed by a 'small range day' or candle of indecision. we got that yesterday. the following 2 days brought a 6% pullback to test the 20 day moving average.
that is where price is headed now, to test the 20 day moving average. that level is near 2010. the 38.2% fib level is at 1999, so look for SPX to pull back to the range of 1999- 2010
shorts must cover immediately
the short covering rally is finished. buy-the-dippers watch another leg down. bear market will not end until most of the baby boomers lose their nest egg, and beg their kids to stop putting money in the stock market
the SPX monthly chart predicted this correction, and it doesn't end until1730 is tested. know your fibs