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guzbug

11/30/06 5:49 PM

#516666 RE: Sam_0 #516665

I'm going to be watching for the answer to this one.
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madrose1

11/30/06 7:08 PM

#516671 RE: Sam_0 #516665

sam on RIMM , just check full 1min chart w/rsi ...think you'll find it pretty much self explanatory for the intraday pivots

...and for the bounce points off $130 area for RIMM after the swoons that was the quick d-bot test on the 60min off the OS ....remember that shorts usually always cover there and dippers really come back in ?

** It's more clearly seen on the 15min though --->off OS/RSI touches









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jeffsaxx

11/30/06 7:32 PM

#516673 RE: Sam_0 #516665

Hey Zeev's just very consistently lucky --- LOL
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Zeev Hed

11/30/06 8:20 PM

#516677 RE: Sam_0 #516665

It is really quite simple, the short term rsi's tells you if a turn is coming, RIMM also has a pattern, the first move (up or down) is often a two three bucks move, then, if it is "positive", it will move in about $1 plus range few times (often just three, note my comments during the day, third time is a charm) before making the next box, and the same way down. From time to time, level II indicates imbalances that force me to abandon a prior pattern (happened few times today when I took just few dimes on few trades), and sometimes, I screw up and get stuck, like yesterday when for some time, I fought the battle of the "seconds" and the "thirds" serving. You got to know that everytime I am in "seconds", my former guess was wrong (like ISRG today, which yielded "peanuts" for all the effort, and of course, SNDK disaster where I am still "stuck with a quad position about $5 to $10 above current prices, and yesterday I took close to a quad loss on the fourth and sixth position.). You guys only remeber the "victories", but forget the defeats. A given tactic works as long as it does, when it does, I milk it for as much as I can, and then, eventually it turns against me. Take HANS where I had a great period of big victories, but right now, I am stuck with a quad position from $29.60 all the way to $35 (I still think it will come back). Take NVEC today, one and a half good trade, and then it died on me. Or AAPL today, where I could barely eek anything after a pretty good day yesterday. It also takes quite a lot of concentration, I can't play that furiously more than three stocks at a time, just cannot watch these charts closely enough and report (even though I report on a separate screen). Last, it is really "hard work", but like all hard work, it is really fun when you catch the right tempo in a stock like RIMM in the last week or so. Mind you, I often comment on my next entry/exit as an alert.