Disqus - Latest Comments for Fujisan

Re: Blogger: Login to read

Fujisan — Wed, 24 Nov 2010 16:40:28 -0000

Happy Thanksgiving, Alpha! Thanks for your update!

Re: Blogger: Login to read

Fujisan — Tue, 16 Nov 2010 20:09:22 -0000

Thanks for your update, Alpha! I love the short side of the trade - it's quick and fun!

It would be nice if the market comes back to retest the neckline.... if we ever get there, but I guess that would be "too obvious" place to go long. I need at least one more lower low (after higher low) on SPX daily and one more higher high (after lower high) on VIX daily, which looks like around 1152 area for now (OPX & weekly S2 pivots for the next week). Let's see!

Re: Blogger: Login to read

Fujisan — Fri, 12 Nov 2010 19:14:49 -0000

Thanks for your update, Alpha. Have a good weekend!

Re: Blogger: Login to read

Fujisan — Sun, 07 Nov 2010 13:02:03 -0000

It's so nice of you, Alpha! Will do!

Re: Blogger: Login to read

Fujisan — Fri, 05 Nov 2010 16:35:58 -0000

Good stuff, Alpha. Have a good weekend!

Re: Blogger: Login to read

Fujisan — Thu, 04 Nov 2010 14:42:49 -0000

I don't know about GT, but the individual stocks are definitely the way to go, Alpha!

XLF is breaking above the 6 month long neckline and the banking sector sure looks very attractive!

Re: Blogger: Login to read

Fujisan — Sun, 24 Oct 2010 20:40:14 -0000

Thanks for your update, Alpha. It would be nice if we could get a pullback soon (finally!).

Re: Blogger: Login to read

Fujisan — Wed, 20 Oct 2010 12:08:18 -0000

Fed rally here we come!

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Fujisan — Tue, 19 Oct 2010 14:42:05 -0000

Alpha, do you still have to include the Pee 3 scenario??

Re: Precious Metals

Fujisan — Mon, 18 Oct 2010 01:22:42 -0000

Hi, Rosab, good to see you! Are you still holding on to your SLV by any chance? I got out of my long position Waaaaaaay too early!

I looked at GLD OI, but it doesn't look like bfly position (ratio seems to be off) and the volume on 10/15 was a little over a couple of '000, so it doen't overly look bullish, but yes, definitely I see a big OI in Dec.

Re: Blogger: Login to read

Fujisan — Fri, 15 Oct 2010 11:31:00 -0000

Welcomd aboard, Alpha! You are finally catching up!

I'm watching the close of NDX and if it loses above the previous high, that would be the break of the multi-month IHS neckline (although there is one more neckline to clear ahead).

Re: Blogger: Login to read

Fujisan — Fri, 15 Oct 2010 11:16:58 -0000

Congrats, Pram! If you look at GOOG weekly chart, this is forming just a right shoulder so it will go much higher in the longer timeframe and eventually take out the previous all time high. Congrats!

Re: Blogger: Login to read

Fujisan — Fri, 15 Oct 2010 10:54:13 -0000

Great trade, Alpha. Congrats!

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Fujisan — Thu, 14 Oct 2010 10:24:55 -0000

Thanks for your update, Alpha! Yup, I remember those days when you were calling the top quite often, if not every day....

As POMO is scheduled on Fri & Mon, we should see another spike after this pullback. Really, the trend is your friend until it isn't!

If the Fed keeps pumping up the market through early Nov, we might as well keep riding on its back.

I know you don't visit SOH, but TK was bashing EWI yesterday.......

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 20:04:29 -0000

After looking at the new POMO schedule, I woulnd't be surprised to see if the week closes the high of the week on Friday.

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 14:28:25 -0000

Pramod!!!! Long time no see! Sooooo good to see ya! I'm glad to see you still trading OPX pin.

116~117 looks like a pretty good target for Friday. Let's see if we could see a reversal tomorrow!

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 13:24:38 -0000

It would be perfect if it gaps up open, hits the pivots, and then reverses. We'll see!

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 13:07:52 -0000

Sorry, above 625, 665, and 650 are type and 525, 565, and 550, respectively. I coulnd't edit my comments for some reasons.

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 13:03:08 -0000

Hey, Qevolve, good to see you here!

Well, my original target was 550, but GOOG is already there as we speak.... GOOG typically moves upon the earnings and there were a very few occasions (I recall maybe only once in the past few years) that it expires right at the money. Oct IV is 61.5 and it's pricing in $20 move in both directions (FYI take ATM strangle and ATM straddle and take the average price for the possible price move), so it could bo anywhere between 625 to 665. If you do the $10 spread, you could miss pinning 650, but if you think that the risk/reward is there, it may be worth trying.

As an alternative and more conservative approach is to put on an iron condor or double calendar but the payoff is not as bood as the butterfly.

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 12:08:27 -0000

OPX, Weekly, and Daily pivots all cluster around 1188~1190 tomorrow. If we get there, it would be a very powerful resistence area.

http://www.screencast.com/u...

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 09:56:32 -0000

Very well be. OPX Friday morning is the good time to take a short.

Re: Blogger: Login to read

Fujisan — Wed, 13 Oct 2010 01:18:37 -0000

Thanks for your update, Alpha! I hope to see an intermediate top very soon!

Re: Precious Metals

Fujisan — Mon, 11 Oct 2010 16:06:40 -0000

Ditto to that, Jack!

Re: Blogger: Login to read

Fujisan — Mon, 11 Oct 2010 12:07:40 -0000

Can you believe it?? After all, we were dealing with the trolls!

Thank you Jack!

Re: Blogger: Login to read

Fujisan — Mon, 11 Oct 2010 11:57:44 -0000

Ah, this is so much nicer!

I have about $60 for the upside target for Qs for the weekly leg up toward the year end to early next year. I have set up a lot of "time bombs" based on the weekly charts and they are going quite well. It's not just the tech which looks very bullish, look at the international ETFs like EWT, EWY, EWS, EWM, EWZ..... They all look like NASDAQ, but they are one leg higher!

http://www.screencast.com/u...

(Time bomb is a medium to long term butterfly option strategy. If you could nail down both time and price target, you your risk/reward becomes totally explode!).

http://www.screencast.com/u...