adrscib

adrscib

There is a discussion that the market might be heading for a top. I have reviewed the monthly chart going back 20 years to the great big bull of the 90s, the index at the time was consistently uptrending with the the price being 80% above the 50Month MA. The market traded in a channel for years and once it broke above that channel, which became support in 1999 and...

adrscib

Technical trendlines show that this recent rally should be paused soon and the descent will restart where will shall see EURUSD hitting 1.3000 and GBPUSD 1.50000 and USDJPY going to below 100.

adrscib

Buying some @ $1.50 for a possible 30% short-term rise.

adrscib

Buy @ $1.50 breakout, sell around $2.50-$3.00

adrscib

Market will hit resistance and selling, problems are not solved, it will be a short-lived rally today. Market hit capitulation point today.

adrscib

shorting the overvaluation, this will go below $50 soon.

adrscib

Below $50, this will retest $40 in a very short time

adrscib

Initiated long position at $528 today. My theory is that it is just below support (a very bearish sign to get people to give away their shares for the cheap). It is forming a triple top, and it will rally on Xmas sales. Target is to sell over $630-650 around Xmas shopping news release (which will be the best ever!).

adrscib

I went short this market before the close by shorting the index... my reasoning is that the big boys want Romney to win, and Obama will win so big banks will punish the market... the market is technically weak too as per chart ... target S&P 1370 ... free fall coming wait n see :-) (unless Romney wins!)

adrscib

its time to Short this company, today is up only a little when the price of lumber is limit up, this should have gone up 15-25%... meaning that the stock is being churned... time to sell..Disclosure - no position

adrscib

This is a classic big blow off top and reminds me of many companies that eventually churned and turned down very fast as quickly as they rose. So here are the targets based on trendlines, $70 by end of November, $60 by end of December, and $50 by end of January 2013. My target is to cover in the $70s. Shorted @ $120.

adrscib

the chart looks having lost support... any slight miss tomorrow morning and it looks to go to 40week ma

adrscib

already in a downtrend channel and losing support soon... target the 40s.

adrscib

the +ve divergence in the RSI and the support on the 70 week MA works well to provide for a 8-10 big figure move with a stop 200pips away... Go for it... its a bargain

adrscib

time to take your profits in Apple Inc, the growth story is still on, but the expectations are now impossible to meet. It has been a great run for who bought around the $200 level and held above the upper trendline. Do not get too greedy.

adrscib

It's only a matter of weeks where this will go below $50, lose all support and consolidate in the early 30s. Disclosure, short at $56

adrscib

market is overbought from many aspects, including all technical lines and oscillators... needs to come back and have a rest. This year's move is done

adrscib

Predicting that market has topped temporarily and based on recent price action looks set for a moderate retreat and a possible triple top formation before continuing its long term uptrend.