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