Wednesday, April 30, 2008

30/4 Analysis

AAPL
- Approaching Wave B (it's trying to go up, though)
-Major trend still going up, wait for red sea crossing.

AEM
- Seems to be after B going to C (trending down)
-still not confirm C but Fish is tapering. But today's candle at 1124 hrs is holding above y'day's close by +1.9%

ANF
- Seems to be trading (non-trending) (34 EMA looks sideways on long term)
-potential TT but rest of indicators still uptrend.

AXP
- 34EMA flat now. Could not wave count.
-quite a number of doji the past few days.
-no clear trend yet.

BIDU
- 34EMA in uptrend.
-Fish and Elliott at extremes. wait for red LSMA.

C
- trending up. wait for u-turn signal.
-

CAT
- Seems to be still in a new Wave 1 uptrend. However, recent actions has signs of red sea crossing - watch.
-Fish already turning and divergence on Fish.
-Consider S/85 calls

CF
- red sea crossing over? Seems to be turning around from Wave 4 going to 5 - however, trend peaks failing retracement value . Play ZLR.
-IFT turning down but 34EMA providing good support
-Consider S/160Calls.

CLF
- seems to be very toppish and end of a Wave 3. See how it goes.
-S/170C

DRYS
- seems to be wave 1 of new trend. However, top is not fuly reocevered. wait for Fish.
-turning since last comment.
-S/90C



FCX
- near Trend 3 and turning?
-Ell and Fish turned, most indicators bearish.
-S/120C


FDG
- signs look pretty bearish but this stock has a tendency to reject 34EMA and coal is bullish at the moment. Looks like at Wave 3 peak.

ISRG
- can't tell the wave count but could possible wait for a countertrend trade on cci or a u-turing on IFT.
-IFT turned slightly but Fish and Ell turning. Green LSMA appeared.
-B/300C or S/270P

MER

- uptrend - going towards establishing Wave 1

MON
- seems like at Wave 5 but don't be too happy 'cos grain in high demand currently.
-See if TT happens then trade



MOS
- 140 is the highest high ever achieved. Almost a Wave 5 count. But if it continues to build new highs, then it is just an extension of Wave 3.
-wait for reversal to upside.

MTL
- Either Wave 5 or extension of Wave 3.
-Divergence on MACD but 34EMA providing some pause - doji.
-B/135P or S/160C


POT
- Could be at Wave 3. Anyway, this stock has very good potential.
-Same as MTL.
-S/200C or 210C or B/170P

RIMM
- Almost in trading markets. could trend higher.
-S/115P

SHLD
- almost at bottom of chart.
-IFT cross -0.5 so bullish.
-B/105C & S/95P