News Focus
News Focus
Followers 282
Posts 47139
Boards Moderated 10
Alias Born 04/07/2001

Re: cmb post# 142000

Friday, 11/23/2012 11:49:07 PM

Friday, November 23, 2012 11:49:07 PM

Post# of 372719
All up to the SPY but one thing was apparent they were ready to sell CRM right after the open from 160 or wouldnt have pulled back 5pts, in fact alot of fades were good with AMZN & AAPL if you weren't greedy.

Look right before earnings on CRM you'll see two perfect 3pt gap fades on pops to 149 both days, was in ecstacy for playing those but knew the fear was in the stock & shorts would be leaning on it pre earnings. Its a shear delight to catch a pattern like that for two days running, but then you remember what CRM did last earnings too, exactly the same pattern weakness right before ER.

So that same 149 pivot R became support ,i plyed it beautifully the night before dipping a/h as it plunged to 140, caught it 3pts highe & rode to 149 but should have jumped in next morning at that same 149 & didnt . Yes CRM has some momo going for it but traders have tipped their hands a little , so all depends on the SPY action next week & like today will fade any gaps for its gotten fully rewarded here & topping.



Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today