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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johnpaulca
12,036 posts
msg #58965
- Ignore johnpaulca
modified |
1/14/2008 12:12:55 PM
ESRX,GEOY,GMKT....on my radar...short
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nikoschopen
2,824 posts
msg #58969
- Ignore nikoschopen |
1/14/2008 1:26:39 PM
ESRX looks ripe to make a bounce. It has a long tail (eg. hammer) and it's sitting pretty right at SMA(50). If it closes near the top, I might think about jumping in.
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johnpaulca
12,036 posts
msg #58970
- Ignore johnpaulca |
1/14/2008 2:33:21 PM
NiKO...I was waiting for a close today or open below lower CBB (Crazy BBand) before shorting, otherwise I will go long....i.e. look at ITG, close below CBB on friday went short this morning as it crossed lower CBB...a quick scalp. If it opens below CBB tomorrow I will ride it down.
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nikoschopen
2,824 posts
msg #58971
- Ignore nikoschopen |
1/14/2008 2:42:56 PM
Short GLD @ 89.45. Kill me if I'm wrong on this one!
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johnpaulca
12,036 posts
msg #58972
- Ignore johnpaulca |
1/14/2008 2:48:39 PM
GLD...Looks like a great short to me... I hate to short hot sectors
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