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100-day chart signals a BUY for BIDU today      5-Nov-09 08:29 pm    
Ok, I haven't spent too much time with TA in the last couple of months, but I've been monitoring BIDU's 100-day chart, with daily candlesticks, as it got weak last week. I knew it was only a matter of time for it to head back to $420.

So, on BIDU's 100-day chart, with daily candlesticks, I plot a 5 SMA. I look for candles to close above its 5 SMA to signal a new bull trend.

This is precisely what happened today. (And its not a surprise that AAPL and GOOG exhibited the same).

So, now, my process says to wait till the open tomorrow (Friday) to either confirm or deny this new bull trend.

Yes, of course it will depend HIGHLY on the market's reaction to the unemployment number, at 8:30am EST. But, if by 10am EST, BIDU's daily candle is above this 5 SMA, I'm going all in .

(but that, I'll will likely sell the Dec $400 puts.)
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yor_chariot...


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  Subject Author Rating Time of Post (ET)  
 
100-day chart signals a BUY for BIDU today
yor_chariot... (2 Ratings) 5-Nov-09 08:29 pm  
 
OK. Confirmed! BIDU has confirmed its BULL TREND...
yor_chariot... (1 Rating) 6-Nov-09 09:47 am  
 
ahh... its nice when your Technicals and signals a...
yor_chariot... (1 Rating) 6-Nov-09 10:17 am  
 
I'm sticking by this trigger. Stay long from ...
yor_chariot... Rate it 6-Nov-09 10:55 am  
 
thanks I hope so because I have some Nov call...
eulette@rog... Rate it 6-Nov-09 11:14 am  
 
which ones? I can offer some advice, if...
yor_chariot... Rate it 6-Nov-09 11:32 am  
 
NOv 420 calls and cme 310 calls
eulette@rog... Rate it 6-Nov-09 01:54 pm  
 
wow. this really worked!! :-))
yor_chariot... Rate it 6-Nov-09 12:15 pm  
 
yor Love your posts and technical. Any advice...
mail2ts Rate it 6-Nov-09 01:05 pm  
 
which CME calls do you have? What's your pri...
yor_chariot... Rate it 6-Nov-09 01:12 pm  
 
I am still holding NOV 340 and then had ...
mail2ts Rate it 6-Nov-09 01:16 pm  
 
what did you pay for those CME Nov ...
yor_chariot... Rate it 6-Nov-09 01:20 pm  
 
I bought it at 4$. I know I am...
mail2ts Rate it 6-Nov-09 01:24 pm  
 
$4 is not bad, and easy t...
yor_chariot... Rate it 6-Nov-09 01:31 pm  
 
yes 10. I am actuall...
mail2ts Rate it 6-Nov-09 01:38 pm  
 
if you can't op...
yor_chariot... Rate it 6-Nov-09 01:49 pm  
 
Under stood...
mail2ts Rate it 6-Nov-09 02:00 pm  
 
go to...
yor_chariot... Rate it 6-Nov-09 02:04 pm  
 
Tha nk...
mail2ts Rate it 6-Nov-09 02:20 pm  
 
> wou...
yor_chariot... Rate it 6-Nov-09 03:29 pm  
 
In my bank...
eulette@rog... Rate it 6-Nov-09 02:34 pm  
 
this ...
yor_chariot... Rate it 6-Nov-09 03:30 pm  
 
you a...
eulette@rog... Rate it 6-Nov-09 03:56 pm  
 
hey, yor, can u give me any advice on my options, ...
dy168.geo Rate it 6-Nov-09 11:58 pm  
 
Hey Dave, I got your IM on this matter, and I...
yor_chariot... Rate it 7-Nov-09 11:38 am  
 
thanks
dy168.geo Rate it 7-Nov-09 03:38 pm  
 
Thanks for the advice. I will try that.
eulette@rog... Rate it 8-Nov-09 06:03 pm  
 
looks like the BULL TREND is still ...
yor_chariot... Rate it 9-Nov-09 09:38 am  
 
BTW, this confirmation of a BIDU BULL TREND w...
yor_chariot... Rate it 7-Nov-09 11:41 am  
 
Tanks for your advice.
eulette@rog... Rate it 8-Nov-09 09:50 am  
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Baidu, Inc. (BIDU)

Chart for Baidu, Inc. (BIDU)
On Nov 27: 439.72 Down 2.46 (0.56%)
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