ohh i'm so sorry heik!! that must have been on the dip in ah to 93.99!! that sucks! well, as long as you're having fun - then it's all ok :)
thanks heik! have a great evening :)
thanks cheetah :) i'm glad you are getting some golf in after your surgery & physio :) glad to see you posting often again too cheetah :)
ok- it might though go to 95s- 97s tomorrow before it drops again- as that should be around where its 4 day ma is for tomorrow. alternatively, it could open down tomorrow & then bounce up to 95s to 97s. so, i'd hate to see you lose out if it does that as your stop loss will get triggered as it's going up to 95s- 97s. so, just something to be aware of.
thanks c3 :)
by monday-wed next week, i think it'll hit $90s- not sure of very low 90s though as there's price support around 90.50s. but somewhere in the 90s - but just my guess at this point (based on certain ta things i'm watching). should be back to 100s by next friday.
surrealskiller- hmm, not sure if it will be tomorrow- it might be done mon/tues too. but by next friday, if things pan out as i'm expecting as per the charts, then swks should hit 100s to 105s by next friday.
hi cgd- yes, i think that idea would be a great one!! sell swks when it gets to overbought in stochastics (above 80 line on full stochastics)- anywhere above 80 line. if the head/sh pattern is going to continue, then swks won'tgo any higher in the coming weeks than $112s. it's a multi week long pattern- so it will take multiple weeks to complete- hence why i'm looking for $85s or so by mid to end of october. between now & then, swks will go back up to above $100s & down etc. so, yes, i think that's a good plan! :)
& yes, swks could actually go to 110s to 112s in the coming few weeks & still keep its head/sh pattern intact! if it gets above $112s though & can stay above there, then the pattern gets negated.
lol i've been asked that kind of thing many times lol. no, i'm good thanks with just helping where/ when i can ;)
hey oakridge :) nice to see you :)
so glad you got out of mu months ago :) congrats on that once again!! :)
its low for the coming few days is $90 (those are my expectations only- but maybe i'll be wrong)- by tues/wed next week. then up to $100s by next friday.
important thing is you're making money! so, way to go with that :)
re max pain- it doesn't work! it doesn't work because it is based on open interest at different strike prices- & those contracts in oi could have been sitting there for weeks or months!! so, no, what matters is where the options guys are trading RIGHT NOW- & you find that info by looking at the volume being traded at certain strike prices. usually high volumes (or activity in contracts being traded - shows in "volumes"') plus a rising premium at that strike price means that's the price that they will send the stock to!
this week, they've been trading puts from $96s to $92s as the highest volumes/ most activity. so as of today, we almost reached $92s- sometimes you'll get close to a strike price that has activity/ high volume going on with that strike without actually getting into that strike prices zone. so, getting to $93.20s today was getting "close to" the $92s zone- so, that's very normal.
max pain though for this week "should" be showing as $100 as that is the strike price (on calls side) of where the highest oi is located- not at 104- & max pain is based on open interest- so, it should be 100 for this week. but regardless of the oi sitting there, the volumes there are 73 BUT the premium is declining- not going up- that means they have no plan to send it to 100 but will instead keep it below 100! that way, all those contracts sitting there in oi of 2031 will expire worthless!
anyway- hope that helped :)
aapl has a head/shoulders on its charts too (daily/weekly) - has had it forming since feb/ march this year! just like the spx has too.
heik- swks hit its 4 dma today already- was in the $98s. i knew it would be in the $98s today which is why i wrote to someone here yesterday that swks should hit $97s / 98s today- was due to that. so, it got to it already today- & as it's not yet ready to go up, it continued going in the direction it's had this week of down.
next week will be better though- back to $100s if the head/shoulder pattern continues its formation.
it sure does skylight! happens every summer, every fall, & usually in jan or feb too ;) yep- same thing, just different reasons given for each sell off ;)
ok- having fun is fine with me. making fun- not good with ;)
yes, humour is needed in times like these for sure!! i hope not many on here are getting hurt with this sell off from 112s- i feel bad for them as i've been there myself (in 2011 mostly) and know how they feel :( it's awful!! wouldn't wish that feeling on anyone!
thx for explaining todd :)
c3- that's a tough question for me to answer really! but i would suggest buying swks on friday or next monday.
i don't really know where a good buy in price would be (for you) as i can see swks going lower this week- to $90-$93s - just due to the options being played in this week's options of the $93 puts- but also due to bottom of chart being in the $93s right now.
but i put in the $90s price because if the current head/shoulders pattern is going to continue on the daily/weekly chart of swks, then it should go down to $90s (this week or next) in order to complete the right side of the head- and then move up from there to go back above $100.
on thursday, swks should get a bounce up though at some point during the day. so if for example, it starts out tomorrow in the $94s & it drops to $90s, then i'd buy it there! if it starts out at $95s or $94s or $93s & starts to go up without dropping, then you could jump in there- if it's just for a trade of say to $97s/ $98s tomorrow. but if you're doing a buy and hold of a week or longer, then i'd wait for that $90s price before getting in- & that price should come in this week or early next week.
as of right now, swks has room on the chart to fall to the $92s this week before a bounce up comes in.
i'm really sorry i couldn't give you a more definitive answer c3- but i hope this info helps nonetheless :)
not this week ricky- but in the coming 2-3 months. next week, should be an up week for the markets- and then for swks too :)
yesterday, there was a cup and handle pattern that formed on the intraday charts of the spx- the pattern completed (to 2071) and went towards price target(in the 2090s)- all done yesterday! BUT, on that same intraday chart yesterday of the spx, a first half of a head/shoulders pattern had formed! that pattern got almost fully completed today (completion is to 2044).
that's why markets & swks recovered yesterday- & why they aren't doing the same recovery today! yesterday had a bull pattern on those intraday charts of spx- whereas today, the pattern was a bear one.
next week will be better for swks. this week, iy could head to $92s- $90s.