1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
3. Try using this link: http://stockoftheday.blogspot.com/2005/10/aapl-breakout.html
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
___________________________________________________________________________________________
on August 15th (almost 2 months ago), I started the 11K Challenge!
With an account of almost $11K..., $10,826.01 to be exact I set out to test the theory behind the Sarmiento System to find out how long would it take to double that money. For those that are new, the Sarmiento System is no more than a set of rules for finding candidates to apply two basic options strategies: 1) the Call Ratio Calendar, 2) the Put Ratio Calendar. The Sarmiento System also includes a series of simple rules to enter and exit such trades to reduce losses and maximize gains.
Today, like then, I insist that I am not a Guru, but rather a student. I am a student of the Elliott wave and Technical analysis in general, but I also believe in fundamental catalysts, and would not place a trade on stocks that trigger my system because of analyst upgrades and downgrades alone, I look for something more profound. The Challenge is not trying to sell you my system, I am not making money out of this effort (other than through investment). I only want to share, and persuade you to contribute your own trades to this forum. If you'd like to get a ".pdf" describing the Sarmiento System, please send me an e-mail: PaperProfit1@Mac.com. Please DO share this information with your friends. I am hoping to get more people involved, and hopefullly increase our knowledge through discussion.
First, this is the Challenge account on the day we started:
I have transferred all details into a Quicken file, and here is the account now:
I'd like also for you to look at the summary of trades that are now closed in this capital gains report:
I will keep you regularly updated of all my moves and the progress in the account. The objective is to double the account. The time frame is to be determined.... ENJOY!
4 comments:
Entry for AAPL.
After the big move up on Thursday, which I monitored as a steady rise, I expected a pull back to a Fibonacci retracement level. Having been caught with DNA, which retraced, then recovered and now up beyond the level I paid, I was more cautious about entering the AAPL trade.
Juan has provided the Elliotician review on an upward move in the long run, but look at the Doji at a resistance level. So the retracements levels in play COULD be;
23.6% level is at $52.91.
38.2% level is at $51.92.
50% level is at $51.10.
Then again it could go up through the $54.40 resistance level. So it will be interesting on money. The market makers test these levels, as well as the institutions. So it is just a case of watching and entering whether it goes up from here or waiting for a slight retracement.
Just some thoughts.
I find nothing wrong with your thinking, but it may be a runaway trade for a while so your Fibonacci retracements may move UP in the days ahead, before they pull back. Patience is a virtue.
I am looking to reenter FDX, it may also runaway!
Juan,
I was surprised you exited FDX, but I can understand after AMLN.
I might have entered the FDX trade on the initial day you posted, but the graphs you posted were not there and the day before on all trades I was in, I was only just showing a positive level, so I was being cautious.
As for AAPL, it will be interesting on the opening of the day. There was a malaise about the Stock price on Friday. I still think there will be a slight fall back during Monday. Just a hunch, nothing more than that.
**Correction**
I might have entered the AAPL trade on the initial day you posted, but the graphs you posted were not there and the day before on all trades I was in, I was only just showing a positive level, so I was being cautious.
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