MightyMo's Blog : This coming week.........

Just for fun....according to the charts...my take on each:

AAPL showing a confirmed top at 192.32 yet as you saw with PCLN...those little spikes on the open that sucker buyers tend to be traded back up to. The most important price point on the chart for AAPL is 188.75-189.00. That "might be" a clue. Ifn it trades lower early on Mon methinks that price point will be the cap. Even ifn AAPL reports blockbuster errrrnuns it is still going to begin the long journey to fill unfilled gaps down into the $50's starting this week IMO. The charts for the major market indicies are just tooooo ominous. The setup is eeeerily similar to Oct 1987 actually.

TXN on the other hand is showing a nonconfirmed high at 24.25 so I would expect that'n to take out that high on the errrnuns report. The semi sector is actually the one seckter left with any kind of decent pop left to it. It'll more than likely be the catlist leading to the final market rally to sssshnooker the suckiest o'suckas.

SRS n URE are also telling the tale in the housing sector ...URE will trade up thru $7 dollahs...SRS will trade belowst 8.46. I don't believe thur are too many individual stocks with much more than 10% upside tho. So yuns "had better" get in errrly. KO only needs to trade thru 55.25 to confirm its top...but the 10 day chart also says it'll trade below 53.30. CAT topped out on Th and is now rallying after a sell signal. It will gapdown on errrrnuns. I don't know the symbol for Dupont...sorry. STT is one of the few finanshills that is showing a nonconfirmed top at 55.87. That'll get taken out and then it will begin the journey to a new 52 week low.

I will be putting a top in USO on Mon so the Earl inventory report will be irrelevent just as it always is unless prices are in a frenzy and thurs a drawdown. Earl will be going sub $30 dolahs a barrel longer term on the extreme deflationary cycle that will hit America as many many many companies go BK.

AMZN is a tuffie simply becuz I'm not sure ifn thur was a nonconfirmed top up near 103 from a loooong time ago. If thur is I would expect it to trade up thru thur on errrnuns. It is already showing a confirmed top however as of the close on Wed. A quick galnce at the longer term 10 year chart makes AMZN's future fate eeeasy to determine tho. Basically, ifn BIDU is gonna be a $38 dollah stock and GOOG will eventually trade belowst $100 dolahs...is thur ANY doubt that AMZN will see single diggies? I didn think so. *-) BNI is showing a confirmed top and will lose at least 10% by the close on fri. MCK will be trading belowst 57.50 at the close on Fri as it is also showing a confirmed top. MCD needs to trade thru 59.50 to confirm all tops. That high was set in July and the gapdown from that price is now "almost" filled. MCD longer term is a minimum $15 dollah stock.

Home sales are irrelevent to the market since the bad news on housing hasn't even been released yet. MSFT has topped out but it "might" levitate higher along with tech this coming week. INTC will take out its errrnuns "idiot ramp" high BTW...it'll then begin the journey to sub $10 dollahs. The 1 year chart on HON shows the 40.55 high in Sept as a confirmed top...the one year chart shows the 23.06 low in March as a low that goes bye bye...but of course that makes purrfect sense being that the majer market indimacies will all be making new 52 week lows. :-) 3J

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Mo,

Check out Shanghai. It's presently printing a breakout of its 50 SMA. Looks to be a strong continuation rally. I noticed DOW futures have responded favorably. Maybe the world will be back to rallying when we wake. :-)

TB

Looks favorable

I'll follow up on me calls as they happen. I sed I would top USO out today. It only matched Fri's 40.49 high and I prefer to see the high go bye bye altho thur have been cases in the past wherst matching the high/low was GOOG enuff. I wanna leave no doubt however...so I'll see what I kin do about pushin USO up thru 44.50...minimum :-) 3J

Purty kewel the way the 189ish area came into play on AAPL today...no? Nuphin on the chart says the 189+ high from today needs to go bye bye but the 185.55 low sho do...gulp! :o Let's see ifn TXN took out 24.25 yet...actually, a tad higher than that. ...lat Mon's high. Nope, not breached yet so as of right cheeeya right now my calls on both AAPL n TXN are still valid and being that AAPL left a low that needs to go (and lot's more aaaaall the way down to belowst $20 dollahs) I still say it gets spalunked on errnuns. TXN rallies. GOOG still needs to trade thru 554.75 before I deeeestoy it...just in case yuns sheeple were wondering....and yes..the move in USO today makes me happy >>> :-) . I'll be putting up a few more energy pig stocks as chorts. Ifn yuns sheeple know of any that are trading at 52 week highs...pleez lemme know. I kin herdly wait until tamarrah's calls come into play now :-) 3J

JJJ
...want a bite of my Apple....

On second thought, no I don't want to give you a bite, but if you're nice, I'll let you get a sniff of it,,,

Ahhhhh yes, I thank the Applonians for thur help in gettin us to wherst we gotsta go befo I take em to wherst we's gonna be. To all the Applonians who visit this fine establishment >>> Buy errrly....buy as much as you can... so that whenst (not if) the time comes you can panic errrly and avoid the rush :-) 3J

Well..."mixed results" so fer altho the rallies in AAPL n CAT "obviously" make them even better chorts. The 185.55 low set in AAPL yestermaday will be taken out within 5 trading daze fer instunce. *-) KO did confirm the high I mentioned and is selling off on errnuns but CAT is rallying even higher after that sell signal ...a BIG no no. Thur is alot mo bang fo da buckaroo in stocks in udder seckters...I'm personally waiting for BCS to breach "the numba" I mentioned....but these rallies after errrrnuns simply add more fuel to the firestorm...cept the firestorm is eggZack'sly opposite of what yuns sheeple bees sssthinkin. :-) I see I Missd Fleabay n USB which report tamarrah...EBAY is showing a confirmed top and the top that was confirmt was at 25.40ish so a retest o'that thur high ainna no big sooprise. Thur bees 2 gapolas to be filt down to the low teens on the 1 year chart...so I won't be sooprised to see a new 52 week low coming. USB is "obviously" the wrong seckter and will "definitely" be taking out the 52 week low. This bee the last rally to take it up to and "maybe" thru $24 dollahs....topping out yet anudder finanshill. One bank at a time sweet Jesus. :-) 3J

Well, ifn nuphin else it "looks like" I made GOOG on my promise to top out Earl yestermaday. What have you done fer yer country lately? :-) Noooo, puttin a top to DNDN (twice) so it can go aaall the way back to $2 dollahs doesn't count. But yes! ...it certainly is mighty "Cramerish" ....isn't it? :-) 3J

anyone know why housing is so strong this morning?

Yeah...I'm extending the $8000 first time buyer giveaway...I "might" even up it to $10000! :o Of course BSNBC "noticed" the housing stocks were a tad weak....so that certainly has sumphin to do with the rally I'm sho. I wonder ifn he realized POT was now a buy by his standards. Hmmmm...lemme go sscheck. :-) 3J

IMO... Manipulation and/or unfounded panic floated into the market when an analyst downgraded a bank during the late stages of the market session Wednesday. No negative earnings report, no technical chart signal, just an analyst downgrade. The market could very well have a down day Thursday but all the factual information of late has been positive and leads me to believe the overall upward trend tendency of the market will continue. I continue to see a top of 10800. Verbal manipulation and scare tactics relates to talk of the Fed raising interest rates due to the increase of the price of OIL. Won't happen anytime soon. Believe me ,again IMO, this was a planned comment to scare you.

Yeah...let's not worry about it for now....specially ifn ya happen to own any o'the "1 outta 3" stocks trading at new highs for the move since March that staged "dreaded" key reversal daze today. The resto yuns sheeple...pleez! DON'T PANIC!!! ....you missed yer chance already. Let Mighty Mouth get ole "book em" DANo back up to 7.30+ , cuz remember....you can STILL maximize losses 5 to 10% at a time. Tain't no rule that says you MUST get thur in one day TSFG *-) :-) Purty kewel the way gains are eliminated tho...no? SPX only down less than 1% and I gain a nice little tad on me open plays. Wait'll you see what I gots in store fer ya whenst I REALLY get cookin.....hoooooo booooooy! :-) Hey! ...is that a confirmed top on chits n GOOGles today? :o 3J

The leading economic indicators beat out the lagging indicator of job claims, hence the reason of the market trending up today.

Actually, the SPX didn't even confirm todaze 1081.32 low with a lower low....so the market is rallying cuz the maestro o'the GS compooterized trading desk is once again testing the waters to see ifn thur are any morons left. "Naturally" ...since the markets ALWAYS know the trooth the above mentioned low WILL go bye bye.....just as the 185.55 low on AAPL will go bye bye for instunce ....just as the morons buying the rally in this POS right cheeeya >>> DAN will go bye bye. The only BIG diffrunce next time is that these morons won't hasta take 5 to 10 small losses to acheive the "desired" results. :-) But yes! ...you can buy DANo right cheeeya at 7.22 cuz the leading beat the lagging...it just depends on how badly ya want yerass kicked...thaaaas all. For reference poiposes...pleez ssscheck this udder POS right cheeya and track it carefully until you caterpilleritulate >>>> DNDN :-) 3J

Actually...the low on the SPX was 1074.31...it opend at 1081.32. "Ifn" the trading desk at GS decides to take out the low befo they begin the next upleg I am gar-own-teeing then only a handful of morons get stopped out....basically the fokes who sssthink . Either way...we end up building a much stronger army of morons who "finally" figger out it ainna werth chasing rallies cuz ya just end up gettin yerass kicked. *-) This is why I suggest yuns sheeple learn how to read a chart. Can you determine AAPL's future price ....and now he changed his mind ...again? part....but " :-) 3J

BTW, I mentioned this POS just yestermaday >>> POT. It twas above 104 about 20 minutes ago but I dunno...it "looks like" the bunko squad "might be" planning a raid so ifn you are high on POT I would suggest you hide the evidunce....gulp! *-) Ya hear me BSNBC?!! :o 3J

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Editor's comment... I have deleted or edited bashing on the above comments including my own....

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Here we see that "that other game participant" had already made his seckond purchase....ifn we judge only by his July 2011 spew. I kin unnerstand his "sheepishness" ....you kin page back a few pages anna you will see he wuz still spewin about STEC...befo the bottom fell outta that POS. Too errrly to spew about AAPL tho >>> "obviously" ...cept to say he wuz willing to gamble by buying a scant few daze befo errrnuns :-) But joo "know" he's jist gonna nail them errnuns doancha uh huh. Even ifn he doan it's >>> "OK" ...jist buy mo on Oct 28. *-) 3J