Thursday, January 07, 2010

GOOG - update

On Tuesday I alerted all to an eminent sell signal on GOOG's Daily Trend Model chart.

Before the Open today, I sent out a SHORT GOOG idea to the subscriber list.  This is what has happend to this model, so far today:


GOOG Daily



GOOG Hourly




The January 590 GOOG puts opened today at 3.30 and are currently trading at 7.00


Lots of private emails coming in asking me how the subscription service can help various levels of experience.  I am answering by example.  If the GOOG idea is something that appeals to you, then that answers the questions.  If it doesn't, then that answers the questions, too. 

A

21 comments:

Tazman said...

Allan...You pick them I will trade them...Nice call on SRS....I went @ 7.31.



Taz

Mike said...

Allan,

are candlesticks a viewing option with your ATR signaling...as opposed to bars?

-Mike

Mike said...

also...

with your subscription service...you are listing reversal pivot points.

with regard to these pivots...how does the notion of "touching" these daily levels come into play?

in other words...let's say a tradeable's daily reversal pivot was at $12.50 and it was currently intra-day at $12.25...thus, a pivot for going long.

on the daily pivots...do you wait till actual close at or above $12.50 or if it "touches" $12.50 intra-day do you limit buy?

that's my biggest gray area right now....I've heard mention of touch and go.....but also mention to the contrary of waiting till interval bar closes for truer indication.

Thanks very much for your clarification on this point.

-Mike
btw...this morning I had the last of some downtime this week....and printed out the 19 emails that you've sent since the inception of the subscription service on Jan 1.

I would strongly suggest to other subscribers that this is an excellent thing to do. Then review on the weekend, etc. They are packed with a wealth of info...especially when you carefully review the charts. I can tell from your work Allan....that it takes a high degree of organization to keep on top of what you do. Your work is much appreciated.

-Mike

samiam said...

if i subscribe using a credit card, how do i cancel if things dont' work out?

Allan said...

Mike, I can do candlesticks, no problem.

As for the timing, there is a touch of subjectivity, i.e. GOOG Sell's point was 616 and change. It was clear before the end of day that GOOG was going to breach that level, but even if you waited for the close, you were short at 608. GOOG is trading at 595 today. The important take way was to get short, somewhere between 616 and 608. That is the window of individual judgment, but no lower, or you miss the trade altogether.

A

Allan said...

saniam: I would hope you could give the service a one month commitment, $50.00, before deciding it isn't working out. Nonetheless, you would get a pro rate refund, one way or another.

Mike said...

great...

Thanks for the clarification.

-Mike

Tazman said...

Allan...If the LONG TZA was hit yesterday @ X....and now we are trading lower and the new LONG TZA is now higher....stay with the trade?

Taz

Allan said...

Taz:

TZA on the Daily Model has been SHORT all week.

TZA on the Hourly Model was briefly LONG this morning, but is now back SHORT.

Tazman said...

Ok....so If I play the hourly....and pivot is hit on long...I go LONG....as it did today...but then TZA dropped back...the new post had a new pivot TZA LONG...so exit the trade and stay SHORT until next target is hit? Swear Allan...I am just trying to get the hourly grasp...

Taz

Anonymous said...

I cannot get in an out of a stock in the same day as I do not keep funds of $25K to meet day trading requirements. I'm still building up my trading funds.

Yes your Google example is appealing, but given I don't day trade, will your subscription work for me? In other words, do you have examples of holding a stock for at least one day?

Thanks,
Jay

Anonymous said...

Good question,Jay.
Allan ..... ??

Anonymous said...

I'll third that question above. Although I can trade as much as I want (being recently unemployed) most of the time I only have small pockets of time available to trade. Also, I don't think TD Ameritrade is the way to do it...too expensive.

And, does anybody else owns any CYCC? I bought a few thousand shares a while back as part of a basket of small pharma (in addition to NNVC of course) and it went freakin' nuts today.
http://finance.yahoo.com/q?d=t&s=CYCC

Anybody have any thoughts?

Steve in L.A.

...what the hell is Saban smoking at the start of this game?

CDD13 said...

Trade the daily model at close... Theoretically, the it could only trigger/cause you to buy or sell 5 times a week but it won't do that.

Btw, you can still buy and sell a stock in the same day even without 25K -- you just can't do it 3 or more times in a week -- that's what gets you labeled as a pattern daytrader.

Also, the GOOG trade was based on a daily trigger so you aren't going to be trading in and out during the day.

Allan said...

Re: Trading

The Daily and Weekly Models are designed specifically for the occasional market watchers. The track records are well into the triple digit returns per year. Are you doing that well on your own? If not, here is an opportunity. It's all I can do to offer it. Its up to all of you to act.......or not.

A

Anonymous said...

.
NYSE Announces First-Quarter 2010 Circuit-Breaker Levels


Shania Twain's way of Psalm 23:2

Anonymous said...

Thanks Allan, good to know your daily and weekly models work for those of us who can't trade for a living because we have to keep our day jobs, learn trading and build our trading funds so that some day we can trade for a living.

Steven from LA - you say TDAmeritrade is too expensive, who would you recommend using?

Thanks,
Jay

Anonymous said...

.

01/07/10: yet another MASSIVE put spike


Dixiedelics playing When You're Smiling

Tazman said...

Allan.....good morning. The hourly pivot on TZA....model is short...IF TZA hit pivot to go LONG (Buy TZA)and a trader enters TZA....what do you do if TZA drops below long TZA pivot after you are in the trade?

TZA hit 9.44 yesterday...above long hourly pivot......but dropped @ end of session...would you still be in LONG TZA? I am trying to fiqure out the hourly strato on a swing day like yesterday....Thanks...Taz

Anonymous said...

Sounds like the hourly system is a real whipper snapper.

Byron

Allan said...

Taz,

It pretty simple: The threshold number must be met at the end of the time period for a particular model. For the Hourly, at the top of each hour. For the Daily, at the close of each day. For the Weekly, at the close of each week. Only the Hourly models show any meaningful propensity for whipsaws.