Not yet a reversal, but underperforming. I can't look at
that chart as anything but a giant bear flag..... am I missing
something? Matt, you posted the XOM chart in the newsletter,
but didn't make any comments on it. Thoughts?
Sure, sankaty. Jesse Livermore, a renowned trader,
once said, "Give me 10 minutes and I'll tell you what stock to buy.
Give me 10 years and I'll tell you when"
Klatuu
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Watch XOM here...
Posted by kalinm on 6th of Oct 2011 at 09:49 am
Not yet a reversal, but underperforming. I can't look at that chart as anything but a giant bear flag..... am I missing something? Matt, you posted the XOM chart in the newsletter, but didn't make any comments on it. Thoughts?
I'd like clarification too
Posted by sankaty on 6th of Oct 2011 at 09:54 am
The Chart 49 XOM remarks were at the end, but it's not really clear what Matt meant as his favored entry point. Clarification, please.
Matt said he would go
Posted by frtaylor on 6th of Oct 2011 at 10:02 am
Matt said he would go long on a pullback.
Pullback now, or, pullback after it breaks resistance?
Posted by sankaty on 6th of Oct 2011 at 10:06 am
a breakout over the resistance
Posted by klatuu on 6th of Oct 2011 at 10:40 am
a breakout over the resistance line, then a pullback, then a buy.
:-)
Klatuu
Thanks Klatuu
Posted by sankaty on 6th of Oct 2011 at 12:10 pm
Sure, sankaty. Jesse Livermore, a renowned trader, once
Posted by klatuu on 6th of Oct 2011 at 12:26 pm
Sure, sankaty. Jesse Livermore, a renowned trader, once said, "Give me 10 minutes and I'll tell you what stock to buy. Give me 10 years and I'll tell you when"
Klatuu