Jim's cycle trades

The great bear flag of 2000

Ok, so there was this big runup on nasdaq that ended in March of 2000....This was followed by a big woosh down into mid May....that was followed by a countertrend rally into September of 2000.....That formed the big flag waving the wrong way on the weekly charts....the next break was horrific.

[Rob]

Camh

I think it's worth taking a position here.....

I was just taking a look at it, but darned if could tell what you're seeing in it. What am I missing?

[lemonjello]

Sept 2000 was down, right? Do you mean broken - bull - flags?

don't disregard these broken bear flags.....This could be September 2000 all over again.

biotech showing a bit of strength

not saying it's time to jump aboard, but teh BBH is green all day.....aside from that , don't disregard these broken bear flags.....This could be September 2000 all over again.

CAMH could be a 10x winner

I think it's worth taking a position here.....

CAMH....keep an eye on this

There's a double bottom at $2.11......I believe Wellpoint is about to make a decision regarding reimbursement for this test........very good speculation, imo.....an officer recently received an option grant priced at $1.87.....

Recession worries?

I guess that imported inflation number has everyone spooked.....Yield curve looks inverted....Oil stocks weak despite firmer commodity price.....are these two things pointing to an expected recession?

Eln

bought some preopen.....I am going to take a shot with the idea that the 100 day moving average will again prove to be important support.

I was making a point

I was doing quick trading because it felt like the market was becoming risk averse.....

Questioning my prior draconian posts.....the IWM can rally to 73 before it slams into the old weekly channel top....the next time down in late June should tell the tale....

It's jungle warfare at the moment.....Real hand to hand combat.....I've been happy taking down $600 to $800 a day with quick intraday trading.

lol...me thinks you're bluffing. YOu forget we go way back.

I'd be willing to bet you loaded up on puts right when the naz touched 2100.

Crash helmets on

I haven't seen such clear bear flag patterns like this since Sept of 2000.....

Stand to the side and don't even think about listening to James Cramer.

S&P bear flag

I don't care how many times they attempt to rally this thing, the bear flag formation says S&P 1190 here we come.

GOOG could lose $20

on Thursday......

CI looks interesting

I think Thursday's action could be weak so I want to take a look at CI as a buy on weakness Thursday.....My target is $105 over the next month.

AACE...another win for the cycle trader

Several days ago, I mentioned AACE here....getting taken out for $30 today.


recently I mentioned JNJ as a play .....it's moving counter to the market and should continue to do so.....