johnpaulca 12,036 posts msg #58934 - Ignore johnpaulca |
1/12/2008 5:17:33 PM
Zub...I was seeing a long term downtrend, in this environment this could reverse in a hurry. I guess I wanted to know how one could tell if this stock is now in the hands of bulls...because I cannot see it...is it the volume???
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nikoschopen 2,824 posts msg #58939 - Ignore nikoschopen |
1/12/2008 10:16:17 PM
It's all about RISK vs. REWARD, folks!

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mimi 63 posts msg #58944 - Ignore mimi |
1/13/2008 2:12:55 AM
>jcampbell
It could be just "short cover''.......
Also it's forming big W-bottom and big upper whisker.......
I am too chiken to hold CAH till 65.98. I would take porofit around 63, which is neck line of W. But that's just me.
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Gunnski 28 posts msg #58951 - Ignore Gunnski modified |
1/13/2008 1:24:39 PM
Stocks of interest for Monday morning.
Will confirm with two 5 minute green candles (1 for conformation) during 1st 20 mins. of market open. Good investing.
LL
THC
USBE
IKN
LUNA
VSE
TNRO
UBAA
LCRD
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jcampbell 12 posts msg #58954 - Ignore jcampbell |
1/13/2008 2:53:23 PM
The reason for the CAH long is that it is a text book double bottom, and
you have increased volume on the right leg which to me is saying the that they are trying to change the direction. As for market no not the best for longs but I try to find trades that have the best probability of working out. Check out VSE, september to December, similiar pattern and it was not in favor at the time. Bit it did what its suppose to do. I try not to over analyze. It all about the percent gained.. on VSE I netted a 29% gain in 7 days. I try and wait on the right pattern to get me in that is it. CAH could easily retest $60.96. If the trade works I get 9%, stop is at $59.33. Hope this helps
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johnpaulca 12,036 posts msg #58957 - Ignore johnpaulca |
1/13/2008 4:39:56 PM
Thanks for the feedback guys. I see many of these "texbook" patterns get hammered. My thinking is, If an Idiot like me can see these patterns then everyone else is also seeing them.
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icanputt 27 posts msg #58960 - Ignore icanputt |
1/14/2008 8:50:54 AM
will short PENN if it bounces to 53 area
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rnr123 16 posts msg #58962 - Ignore rnr123 |
1/14/2008 9:16:24 AM
Short TAP @ 49.44
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nikoschopen 2,824 posts msg #58963 - Ignore nikoschopen modified |
1/14/2008 11:27:13 AM
No kidding. Coors tastes pretty damn awful!
Oh, BTW, this stock will very likely retest the support (now resistance) level in a few days.
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nikoschopen 2,824 posts msg #58964 - Ignore nikoschopen |
1/14/2008 11:33:09 AM
icanputt,
I would wait until the stock reaches back up to the mid-54. That's where them resistance lines are drawn.
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