Jim's cycle trades

[Jim Smith]

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.

[Tatnic]

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.

[Jim Smith]

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....

[Jim Smith]

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.

[Jim Smith]

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?

[Jim Smith]

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.....

[Jim Smith]

CAMH could be a 10x winner

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

[Jim Smith]

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.

[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.

[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?

[Jim Smith]

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.

[Jim Smith]

CI...changing mind on this pig

CI is now looking like a big bear flag......The downside into October could be horrific like $57

[Jim Smith]

adding to short plays

Currently short QQQQ, IWM, CI, BGC, WFT, DO...

[Jim Smith]

IRF.....busting the bear flag

This stock is just starting to break down from a huge bear flag on the weekly chart....I've started a short position at $40.37.....My downside target is $17.

[Websman]

This stock is just starting to break down from a huge bear flag on the weekly chart....I've started a short position at $40.37.....My downside target is $17.

Nice short pick Jim. All the VTP indicators show this one going down. I may short IRF myself. Thanks for bringing it to our attention.