now those aug 50 calls would have been nice, 207.

Be careful goose,

I don't see it yet. We did get a nice hammer today but I just don like any of the indicators just yet. And even with the hammer candle, we need a green day tomorrow before we can confirm a reversal. I would think tomorrow would be a wait and see day. We may be able to jump in near the endof tomorrow's trading and maybe get a nice gain on Friday if the market sells off while Gold goes up.

Just a few of my thoughts.

Boca_Bobby

think there is a good option play here.

yeah, i'd say that as a solid bounce.

(link back)

jrcc - watching for bounce

would like to see long shadow (hammer).




goosemeister@hotmail.com

Very nice Bobby, thanks!

ENER ALMOST READY!!!!!!!!

Look at this RENKO chart for ENER. Look at my notes for the Slope(9) & Slope(26) relationship. Great way to enter, IMO.

Boca_Bobby

Thanks for your input Bobby, always appreciated.

Be careful Ithidriel,

I was looking at several charts for ENER. I don't get a warm and fuzzy with it. I also went to Yahoo to take a look at the "Key Stats."

Average Volume (3 month)3: 3,325,000
Average Volume (10 day)3: 2,790,240
Shares Outstanding5: 40.50M
Float: 38.99M
% Held by Insiders1: 2.08%
% Held by Institutions1: 68.20%
Shares Short (as of 25-Jun-08)3: 6.74M
Short Ratio (as of 25-Jun-08)3: 1.5
Short % of Float (as of 25-Jun-08)3: 17.00%
Shares Short (prior month)3: 7.75M

http://finance.yahoo.com/q/ks?s=ENER

I especially didn't like the sell off near the end of the day seen on the RENKO Chart. The Slope indicator on the RENKO is highlighted. I have been finding this to be one of the best indicators for entry and exits. Let that baby set up for you and you can get a real nice profit, IMO.

Also, I might play this one as a long call spread. It takes some of the risk out of the play. If thst's not what u are used to then go with a straight call and I would be looking at the $80 strike price.

Here are my charts:

DAILY CANDLESTICK


WEEKLY CANDLESTICK


RENKO CHART



Mom said there would be days like this!

Ener worth putting on watch here. It closed above the resistance line I drew in a few weeks ago.

Link to chart http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30281442

Interesting chart Bobby.

For anyone interested in the holdings.

http://finance.yahoo.com/q/hl?s=EWZ

EWZ CHART:

Boca_Bobby

do you happen to have a post of your ibox boca_bobby? when I modified my ibox with the new modifier I copy and pasted my ibox into my ibox, and it worked great. you can copy and paste any post with pics and etcetera in the modifier and it looks same as the post. sorry if you already knew this. otherwise hope all is well with you, you have any positions in the market? I had some V 60 Puts this morning and I currently have C $15 Aug puts.

M_T

Well, now I did it! LOL

Tried to make one little change to the iBox and got a nice mess to clean up. Thank you, iHub for giving me more work than necessary.

Grrrrrrrrrrrrrrrrrrrrrrrrrrr

Boca_Bobby

FHN CHARTS:

Having a nice soggy 4th of July down here in South Florida so I decided to come in and look at some charts. LOL

I was working on some new scans and came up with something I am really going to watch and maybe even throw a few dollars into an option or two.

FHN is another finacial play that that is just getting killed this year. But is that teh whole thing the chart is saying? A lot of the indicators have been showing higher lows as the PPS continues to fall. Normally this type of positive divergence screams for us to keep a very close eye on.

I will be waiting for a break out of the PPS about the current resistance trendline and see where the indicators are at that time. I am showing the Feb 2009 options right now and beleive we may even see those price go lower or even allow usa to get in on some higher stike prices for the same price as the $10 stike is currently priced.

If the indicators are true on this play, we may expect this bottom play to bounce and bounce hard. Keep an eye on it folks along with other financial plays. there has to be a bottom out there somewhere and we all need to have dry powder when that bottom comes.

But be careful!

Boca_Bobby

CANDLESTICK CHART


RENKO CHART

Happy 4th of July Everyone....



Boca_Bobby


Mom said there would be days like this!

The trigger for SOHU just came in. I waited for a good confirmation and got those Sep $110/CALLS for $1.15. I little more than I wanted to spend but I really wanted the RENKO CHART to confirm.

Link back for a chart.

Boca_Bobby

Grabbed some JRCC equity on the bounce here, small position. Per this 6 month chart it bounced off the 50 day moving average. I have a stop loss set, in case it turns down again, but based on the 6 month and 15 minute charts, it looks like a bottom to me.



15 minute chart

I couldn't have said it better myself. The one thing we know for certain in this market is that nothing is certain.

Look at the bounce we are seeing now on a lot of these stocks already. Sucker bounce or did they buy at these support levels?

Its amazing how companies that are even doing well are getting slammed in the market sell off. Blood in the streets. Makes no logical sense. The market really needs to find some kind of hope.

My watch list is all being pushed to it's support lines. Look at these crazy lows of the day so far

POT 201.66
TRA 41.58
JRCC 40.12
PCU 97.60
FWLT 63.4218 (my breakdown target was 63 on that one)
V 77.25
DRYS 66.28

Whether they will push down further through these supports or bounce off them is still a mystery to me.

SOHU UPDATES:

Good morning Big Board Fans. I'm still watching the RENKO chart on SOHU and no buy indication has come yet. maybe we can get lucky and watch it move all the way down to my bottom support line before it really bounces.

That would be sweet!!!!

Boca_Bobby

SOHO CHARTS:

Hello folks. I still think the DOW is going to bounce very soon when I look at that chart showing a nice "pincher." But we may have anothr down day tomorrow. It's a short trading day before a long holiday weekend. I have been watching SOHU for a few weeks now and beleive now is the time to strike!

My daily chart shows a little system created by Tommy O'Brein that uses a modified Fibonacci retracement along with a very close eye on volume. Basically, after a nice run, we want to see the usual retrace and the PPS to fall into my "confluence zone." And then we want to see a bounce. we have that over the past few days.

But what I really like is how the stock seems to be trading sideways for a few days now! Very nice consolidation before we head up, IMO. Look at teh RENKO CHART to see this more clearly. Now tomorrow I expect the PPS to fall slightly and I beleive we may be able to ge those Sep $110/CALLS for under $1.

With a contract price of $1, we have a break even point of $111 on the PPS for this to be a huge trade. With the Olympics over the summer, China stocks may be in vogue once again. I plan on getting in tomorrow by watching the RENKO CHART for the best possible entry I can make.

If my target is hit ($122), the contracts can be worth no less than $12 per contract! That would be a 1100% gain! what's even better is that the sooner the PPS can hit that $122 target, the more our contracts will be worth. Folks we have over 2 months to hit that target.

I think this looks as good as my DRYS call back in April!

Boca_Bobby

CANDLESTICK


RENKO

FWLT bounced in AH, up 5.70.

Bang zoomity.

http://finance.yahoo.com/q?s=fwlt

Well...not to much one can say about this market right now.

Some of you may be making money, but I'm not. Even my puts really aren't doing that great, definitely not enough to offset my long positions.

I've got a few blue chips in the basket, that I like, and some QID shares. I am going to stay out of option positions until this market finds it's bottom again. I will trade around my few set equity positions in the mean time, so I will still be posting my research.

Equity is slower, but you don't have to worry about time value. We have next week of regular trading, but the following week is option expiry. This means after Thursday, June 10th, theta starts deteriorating our time value exponentially.

Preserve your capital, slow and steady is going to win this race.

My job is to watch my positions full time, so I rarely use stop losses, much to my detriment.

I did recently set a stop loss on one of my stocks I didn't want to lose my profit on. For that I used a dollar amount slightly under the support level for the equity.

When you use stop losses do you pick a percentage or price?

Picked up FWLT call for the bounce here.

Link to chart http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30314072

What a wild ride with RIMM. I have notice when tring to play the triangle patterns that when we see a break of a trend line, we sometime see a retest of that same trendline as new support or new resistance. But in the case of RIMM, we saw a beak out up and a few days later we see not only a retest but a total break down to the south.

Now we see another upswing to the origianl bottom trendline of the triangle. Lot of money could have been made if you were on the right side of those trades! And conversely, a lot lost if you guessed wrong. Very difficult to make a call with volitility like this.

This is where use of the RENKO charts would have come in handy. Look at this 5 minute chart for the past 20 days! Simply buying and selling as the EMA(3) crosses over the EMA(10) would have made a mint!

Boca_Bobby

Watch List for Tomorrow

Links are to charts

SOLF puts http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30349375
JRCC calls http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30247086
QID calls http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30314214
USO calls http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30352396
ILMN call http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30282993
GG call http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30317067
BMRN put http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30264397
GILD put http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30283062
AZK equity http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30317002
NFG calls http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30283267

RIMM: Wow, what a bounce off that 200 dma support line. Did anyone catch it today?

That was slightly above my breakdown target, I wonder if it will go down or up from here. My indicator signals are mixed.

Link to chart http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30281458

How did you know?


LOL.......doesn't sound like something I would like, but I'm not sure!

you must have been watching Fast Money tonight! LOL

Not sure about them but yes, things could get interesting there.

Boca

What do you think about the new Binary Options?

All or nothing! Sounds interesting......they just started trading today.

If your looking for a buy in tomorrow. I may go with the October calls. The reason being, you and I both are bullish on AAPL. Those October CALLS give us a better shot at reaching our target.

Listen I did something similar with DRYS. My chart showed DRYS going to $160 back in March. I bought June $110/CALLS for $0.90. Those bad boys were huge!!!!!!

Now I got in and out but if I just sat there and let her run and sold when the PPS hit $110, I could have stopped trading for the year! All we need a very well placed option here or an option there.

If you can let you money sit in those contracts for a few months, you may have a huge gainer, IMO. But they really need to be nursed until after the breakout of $192. After that just put a nice trailing stop on them and let her run.

Boca

thanks for the response, bobby. what i'm curious about, though, is the general speed of the breakout from a cup and handle. with the aug/oct calls, is the probability decent (enough) that the calls will be in the money if the breakout from the handle occurs?

I learned the right way to play the cup-n-handle is to buy witht eh break of the rim of the cup. For AAPL, I have this set @192. But with that said, I take more risks and tend to buy and sell on the indicators more than the PPS.

So I would be looking at the RENKO chart for my entry. After getting in, I would watch it like a hawk until the PPS broke over the $192 level. At this point just throw a trailing stop on her and let her do what she wants.

But between now and then I would buy and sell based soley on the RENKO. As far as how fast the ground is eaten up, one never knows how hungry the BULLS can be. We can only play the charts.

Boca

those aug/oct calls do look tasty... tasty like an apple.

question:

do breakouts from handles generally cover great ground quickly?

AAPL CHART:

Hey goose. I saw that you were also watching AAPL and see the same cup-n-handle that I saw a few weeks ago. Unfortunately, I got in way early and took a loss. But now she really looks ready to go, IMO.

Here are my charts and notes:

Boca_Bobby

CANDLESTICK


RENKO

Good evening Big Board Fans,

Well June is over (THANK GOD) and we're into the 2nd half. This past June has been one of the worst months since the Great Depression. Every one is screaming that we are now in an official "BEAR" market. Are things really that bad? I'm not so sure.

Yes, June was bad and I took a huge hit like so many others out there. But I am seeing signs the things may be finally on the mend. Looking at the chart of the DOW we see a nice pincher set up starting to form. This is showing along with a beautiful hammer for the candlestick today. The hammer is a great sign that a reversal may be in our midsts. But we need confirmation tomorrow and another green day. If this is followed by a third green day on Thursday, I think we are set up for a great following week and the pincher set up will truely be in effect!

Also, for those that watch the VIX like me, it's just having a real difficult time closing above 25. I have been hearing many looking for the VIX to spike above 30 before we see a turn around. Yet that 25 level is showing a lot of resistance, IMO.

So how do we look to play this? Well, I think I will be continuing to look at just a few sectors until we can see strength elsewhere. Those sectors would be, oil, solar, agriculture and some tech.

With everyone screaming that the sky is falling, we may want to be looking for great deals in the sectors I have discussed. Let's keep our stops tight for now and take profits when available. Things have been changing to fast so we shouldn't ever expect a stock to "come back." Take your small profits and just keep fighting.

Hang in there folks,

Boca_Bobby

wb - c'mon 16.25

... although, i hate that it looks like a bear flag.







goosemeister@hotmail.com

I know I try to look at Big Board stocks primarily, but I know that mikeanthony would be another that you may be looking for as well. You can go to his board for some nice chart pattern plays.

http://investorshub.advfn.com/boards/board.aspx?board_id=6378

question for board:

besides those who post here, who on ihub primarily posts big board charts (annotated or not)? i'm looking for posters who regularly post charts of stocks at least $5 if not at least $10.

many thanks.




goosemeister@hotmail.com

Daily Research updated, I'll try and update break outs and watchlist before open tomorrow.

http://ithildriel-research.blogspot.com/2008/06/daily-research-63008.html

Nice chart goose. I've been watching also.

Boca

v - chart

huge news today.....to da moon!

jrcc - you never know...

this 20-day, 60-min chart shouts one big "duh."






goosemeister@hotmail.com

Congrats! Looks like we should just consolidate our boards into one! LOL

MRK CHART:

CANDLESTICK



RENKO



Mom said there would be days like this!