RP, Thanks for a heads up notice. Your Friday's trade was good.
What are your targets on the long side? 38%,50% and 61% of the
retracement down, I assume?
The fourth way stage is condusive for short-term trades between
the support and resistance of the range we are in. This is how
distribution takes place, IMO. I don't have much luck with the
daily mechanical systems, I am focusing on buying support and
selling near resistance instead.
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rp, I've taken it, although
Posted by junkie on 3rd of Nov 2009 at 02:51 pm
rp, I've taken it, although AIG has surpassed that resistance. It may chug higher from here.
CSIQ
Posted by junkie on 3rd of Nov 2009 at 02:38 pm
On a short side, I am following CSIQ. I had a 12+% move today, near the 61% retracement now.
RP, Thanks for a heads
Posted by junkie on 2nd of Nov 2009 at 02:20 pm
RP, Thanks for a heads up notice. Your Friday's trade was good. What are your targets on the long side? 38%,50% and 61% of the retracement down, I assume?
rp, Your ERX trade looks
Posted by junkie on 30th of Oct 2009 at 03:42 pm
rp, Your ERX trade looks good to me so far. I'll keep it over the weekend. Thanks for the trade idea!
XLE long
Posted by junkie on 30th of Oct 2009 at 02:05 pm
I took a small position in ERX too. What's your price targets to sell? My stop is at 40.
Matt, Are we now in that bearish scenario now?
one thing I said on Wed's update, to not short oversold, ...
Posted by junkie on 30th of Oct 2009 at 01:19 pm
Or there are other alternatives? Is 1020 a likely target of this decline in wave 5 of major wave 1? Thanks!
McCellan oscilator is very oversold, a recover rally is in the cards
here....
Posted by junkie on 27th of Oct 2009 at 08:35 pm
A good observation. Frank Barbera predicts a rally within the next 4 to 7 days based on the low reading of the McCellan oscilator up to 1100.
http://www.financialsense.com/Market/daily/tuesday.htm
Stockcharts do not provide this indicator though. Any free source of stock charts that does have it?
I covered it at 37ish,
Posted by junkie on 26th of Oct 2009 at 03:25 pm
I covered it at 37ish, still I got over 20% gains. What's your target for re-entry? You are good with targets :-)
A decending triangle, correct?
SPX 5
Posted by junkie on 26th of Oct 2009 at 10:22 am
A decending triangle, correct?
The fourth way stage is
Mechanical Systems
Posted by junkie on 25th of Oct 2009 at 11:32 pm
The fourth way stage is condusive for short-term trades between the support and resistance of the range we are in. This is how distribution takes place, IMO. I don't have much luck with the daily mechanical systems, I am focusing on buying support and selling near resistance instead.
A good piece of technical analysis from Frank Barbera
Posted by junkie on 23rd of Oct 2009 at 07:49 pm
http://www.financialsense.com/Market/daily/tuesday.htm
Frank Barbera describes the current stage as the range between 1075 and 1125, till the final pop.