Fedgolfer's Account Talk

**fedgolfer** · 10-19-2009, 08:38 PM

AAPL crushed with 1.82 per share vs the 1.42 estimate... not sure what the whisper was but it probably beat that too... should bode well for the QQQQs and DWCPF tomorrow.

**fedgolfer** · 10-22-2009, 03:00 PM

2Easy and ATCJeff have consistently been some of the BEST sellers of short and medium term tops over the past several years. There have been countless times where I have held on too long when they have taken their quick profits.

On a sidenote and mental note to myself, had I been astute enough to get out at 2Easy's last exit... if i had enough IFTs I'd be buying in today or tomorrow... so looking at QQQQs and $tran, it appears we are on the big-daddy 8'month support line. I'd buy here with a stop a couple % below. But I'm already 100% in so that's a hold. Watching closely to see if those support lines hold on QQQQs/$TRAN.

re: some bullish technicals, CMF is crossing the zero line to the upside on QQQQ's & IYT/$TRAN. Tran seems to have bounced off the mid-bollinger/20 dma.

**fedgolfer** · 10-22-2009, 06:07 PM

let's keep our fingers crossed and hope Meredith Whitney keeps her pie-hole shut this afternoon and doesn't downgrade JP Morgan to sell

**Birchtree** · 10-22-2009, 06:22 PM

My PNC Financial is up over 5 points - something good happening in the industry.

**JTH** · 10-22-2009, 07:39 PM

Originally Posted by fedgolfer

let's keep our fingers crossed and hope Meredith Whitney keeps her pie-hole shut this afternoon and doesn't downgrade JP Morgan to sell

Ha ha, I told my wife to shut her pie-hole once and it didn't work...

**fedgolfer** · 10-23-2009, 02:38 PM

$tran looking like it wants to breakdown bigtime this AM... it that doesn't find support soon, we'll definitely see some short-term downside. $ could change all that in the next hour or so if it catches a bid.

**fedgolfer** · 10-23-2009, 04:03 PM

$tran is up against the bearish resistance trendline going back a couple years. QQQQs have already broken that line to the upside and revisted it and found support. I'm leaning to thinking that one leader is leading the other and the $tran has to work itself out but will eventually bust on through to the northside of that line... earnings in sum has basically said that too and it appears now is the market working out its emotions to let the bull run continue.

**Birchtree** · 10-23-2009, 04:53 PM

I've got some nice gains from my trains and plan to hold them for several years.

**fedgolfer** · 10-27-2009, 03:35 PM

IYT & QQQQs, are on their 8 month support measured bull trendline dating back to March. If this trend hold, now is a good time to buy with stop below. I just bought some QLD.

Dollar may be at a short term high after just piercing the 50-day. Come on bulls... time to grap those rocky mountain oysters

http://quotes.ino.com/chart/?s=NYBOT_DX&v=d1

**fedgolfer** · 10-27-2009, 03:41 PM

if this pattern breaks on the $tran etf (iyt) and the QQQQs... i'm going to bail but I'm in to win.

**coolhand** · 10-27-2009, 04:22 PM

Originally Posted by fedgolfer

if this pattern breaks on the $tran etf (iyt) and the QQQQs... i'm going to bail but I'm in to win.

There was a couple of volume spikes around SPX 1061 this morning which may signal a bottom in this current decline. I'm hoping anyway.

**fedgolfer** · 10-29-2009, 02:44 PM

the $ is seems to be a much more accurate indicator than $tran or QQQQs since those have been contradicting each other for much of this top and then downturn. UDN is in a perfectly symetrical 3 month measured bull move coming out of a cup and handle (jun thru aug). At yesterday's close the $ per the UDN perfectly hit that support point. I think the SPX,$tran, qqqq will keep having small breakdown and breakouts until they are in symetrical measured bull moves. Holding until the double rail support line in UDN is broken... it looks like a much more "leading indicator" than $tran.