RIMM and then others

[hwsteele]

I thought i would start giving some quick forecasts for turn dates in individual stocks. I will start with RIMM as it is one of my favorites.

 

[N Rothschild]

so you think it will fall till the 24th then turn?

 

[hwsteele]

so you think it will fall till the 24th then turn?

I really don't know. My four price targets for this correction are:
54
48
42
36
that's all the info I can give at this point.

Your guess is as good as mine!:cheesy:

 

[hwsteele]

Ibm

This is my forecast for IBM

 

[hwsteele]

Does any body have a stock that you would like a forecast for?
Remember it's all free and nothing I say or post is a trading recommendation.

 

[hwsteele]

I really don't know. My four price targets for this correction are:
54
48
42
36
that's all the info I can give at this point.

Your guess is as good as mine!:cheesy:

you gotta love the way RIMM gaps all over the place. The 48 target has now been hit. Do I hear 42?

 

[tar]

Palm

 

[hwsteele]

Took a little work but...

Palm

It took a little work but I finally found the key to forecasting PALM.
I put a chart up that shows what price swings I used for the forecasts.

September 2-08 top gave a pivot date of 4-13-09
December 22-08 smaller top gives 3-24-09
And a big top back on June 7th 2007 gives a pivot date of 8-13-09
If you look at the chart you can see that PALM likes to make longer swings. Trends seem to last longer. That's a good thing though, you can use options to trade it more easily.
Hope this helps

 

[tar]

It took a little work but I finally found the key to forecasting PALM.
I put a chart up that shows what price swings I used for the forecasts.

September 2-08 top gave a pivot date of 4-13-09
December 22-08 smaller top gives 3-24-09
And a big top back on June 7th 2007 gives a pivot date of 8-13-09
If you look at the chart you can see that PALM likes to make longer swings. Trends seem to last longer. That's a good thing though, you can use options to trade it more easily.
Hope this helps

Thanks this stock was 1 $ in Dec now 9 ! , but maybe i didnt understand your way very well , when u say "December 22-08 smaller top gives 3-24-09 " , what exactly u mean ?

 

[hwsteele]

I just meant that the calculations I did came from the day of the smaller top. i.e. 12-22-08.
The calculations then pointed to 3-24-09 as a pivot point in time.
As the calculations were based on a "smaller" pivot(not a main top or bottom) the pivot that will most likely happen on about march 24 this year could just be a smaller one.
Sorry, I didn't mean to be confusing.

 

[tar]

Good , then u give time targets its intresting , thanks again ...

 

[hwsteele]

Good , then u give time targets its intresting , thanks again ...

You are welcome

 

[hwsteele]

Remember the next target for RIMM is 2-24 and it looks like the $36.00 price target may be hit.

 

[hwsteele]

Also the next target for IBM looks to be 2-24-09

 

[hwsteele]

We did get the turn we were looking for on the 24th.
The low on the 23rd gives a target turn day of March 4th.
The price went all the way down to the lowest number I gave of 36.
The price target to the up side is at least 43.20 and could be as high as 48.50.
All IMHO.

Jason

 

[hwsteele]

The next two dates calculated for IBM are 3-5-09 and then 3-9-09.
2-24-09 did turn the market up.

 

[tar]

does your method work on indices ( dow , sp500 ) ?

 

[hwsteele]

does your method work on indices ( dow , sp500 ) ?

I will let you be the judge of that.
http://www.trade2win.com/boards/us-indices/39120-s-p-500-pivot-dates.html

 

[hwsteele]

The next turn/pivot day forecast for IBM is 3-17-09

 

[hwsteele]

The next turn for RIMM in my calculations is March 14th. That's a Saturday so look for Monday.
Also look for the 18th.