Charts don’t work like they used to! This is the first of three blog postings on the (un)reliability of chart patterns for trading. This posting lays the claim that chart patterns are increasingly unreliable for trading. The second posting (when I get to it) will pose the possible reasons why this has occurred. The third […]
The Silver market is within months, or even weeks, or even days of a major top. The Silver market has entered a classic blow-off top. There is no question but that Silver is a bubble in the making…and will soon be a bubble in the breaking. The similarities between the current exponential spike in Silver […]
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AKA, when I short AAPL pie, I need to prepare to eat HMBL pie A number of readers have asked me to recap my recent trades in Apple Computer. Of course, I was a busy little beaver posting the details of my shorting campaign – mainly motivated by all the hate messages I received from […]
Thank God I’m a trader, not an analyst! There is a huge difference between being a trader and being a market analyst. Analysts are paid by being right. On this basis alone I am not smart enough to be an analyst. Traders are paid by managing risk. These two skill sets are a world apart. […]
The Apple has fallen…look out below! The decline by Apple today has completed a major reversal head and shoulders pattern. In the process I have now sold the final 1/3 (another 100 shares per $100,000 of capital) of my short campaign. A close above today’s high at 328.14 and especially above the Apr. 13 high […]
Is a weak Friday close a sign of weak earnings? Next week is earnings week for AAPL. The weak close expected today could be a “tell.” The H&S continues to form. I am short two layers of AAPL, waiting to place the final layer at the completion of the top. The rally on Wednesday sets […]
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Apple is declining into support. The poisonous wrath from the Apple Computer “fruit and nut club” continue to come my way. Here are just a couple of excerpts from the “fan” mail I have received because I suggested that AAPL might be topping out. “This is nonsense. Never heard of a double head. This is […]
