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MDMN's got some giddyap today as well.
Cover! Cover! LOL
CEMJQ forming an ascending triangle on the 5 min chart. Very bullish. The measured move on a breakout will get us another .025 which takes us to .15/.155, imo.
Why thank you sir! I'm honored. LOL
Howdy berry. Didja know that Monk's picks suck???
Oh man, I wasn't even in the top 20 the last time you posted that. I need to shut up!
FAZ
Dumped at 5.16. Made .50. Market looks higher for now. imo. (Which means it'll probably move down now).
If we get a base at .12 - .13 might be a little choppy up to .15 and then on to .18. Probably have to wait for the next flag for that, but 30% or so is a nice day all the same.
Guess I was a day off. My T/A sucks!
She gets above .12 it should be a fairly easy run to .18, imo.
Technically it has broken out...it's just doing so without a lot of volume. Next resistance is the breakout high from last week at .105, which is also where the 50MA is at the moment.
Oh, I didn't forget that sir. My post was based on the way things are and not how I believe they should be. This country would unrecognizable from its current state if I had my way. I don't think I'll ever get my way though. It'd be too tough for all of the lazy bastards with their "poor-me" complexes who blame the world for their lot in life and demand that the "can do's", who bust their asses to get where they are, give them a cut of their efforts.
Since you guys got me on the subject of all that pisses me off...
Here's another one: So called "equal rights". Apparently, the way to take racism out of the equation is to use racism? I don't know about other people, but if I had a company and I wanted employees, I don't give a shit what race or religion they are. I look for skill, dependability and competence. Last time I looked, none of those had anything to do with skin color or any god.
So if someone would please explain to me how the best solution is to be racist and hire so many minorities, based upon their skin color/religion etc, instead of just giving them all THE SAME test and hiring as many as I need based upon their test performance, it sure would clear up some long-standing confusion for me.
Am I really the dummy? When I was growing up I was told that this country is the land of opportunity, which to me meant that I could go as far as I wanted to go in life and do whatever I wanted to do as long as it didn't hurt someone else. (Actually, I was never told that part, it was always a given, an inherent quality not to screw others to get what I wanted). Apparently though, not only is it perfectly ok to screw others, it's also a benefit if you have the attitude of a victim with a chip on your shoulder. No wonder I never got very far.
Ok, no more rants for today. Time to get my head in the game...
Good morning Block. Have only seen the one manatee.
You should be more kind! Whales don't deserve to be compared to that!
Unemployment rate for April 8.9% vs 8.5% in March
Some big economic numbers today...
8:30 Average Workweek
8:30 Hourly Earnings
8:30 Non-farm Payrolls
8:30 Unemployment Rate
10:00 Wholesale Inventories
Morning Don.
Sure thing. Sorry I couldn't answer your question more directly, but it was never so easy for me to pick a target to sell at. I'm more oriented to watching support/resistance areas to see how the stock behaves. I typically will set a stop-loss and raise it as the stock moves through resistance. Once I see a sign of weakness I'll usually take some profits, then ride the rest either eventually up through that resistance or down to my stop-loss.
GLTY as well.
I'm looking forward to the day when the majority of the population gets pissed off and decides that they need to do more than make political jokes, have "tea parties" and send carbon copy emails that get carbon-copy responses. Apparently it isn't painful enough yet. No doubt the gov will continue to tighten the screws until it is painful enough. I just don't trust that the majority will comprehend all that is going on, let alone be willing to fight at any cost for true freedom.
I started paying very close attention to politicians and their two-faced ways in the Clinton years. Started becoming aware of the facade they all work to present and the diversions they place in front of the faces of the ignorant masses to keep them focused on and arguing over things that aren't important. They smile and tell everyone what they want to hear, but their true agenda occurs behind closed doors and it has nothing to do with what would benefit those they are supposed to be representing. Of course there are exceptions, but they are too few and their words don't get the main media attention because they don't have the moguls in their back pockets.
But, the one thing that I always keep in the back of my mind whenever I watch the news and start to fume is this: It is still a government "of the people, by the people and for the people". The people still have the power to choose to get rid of the "politicians" and put real people who will actually represent them in office. The government is an accurate reflection of the majority of the population who chose to put them there.
So, since I don't like it and I'm the minority, then I have no choice but to leave for somewhere that offers the kind of freedom that I'm looking for. I only hope it still exists somewhere.
Howdy Dred. Just put a stop-loss on 'em, otherwise let 'em ride.
TGIF Monkmates!
That's what us FLIPPERS do! We don't care about the name of the fish or its origins. If it's in front of our nose and doesn't smell poisonous we eat it. If it doesn't taste good we spit it out and go find another fish, because us FLIPPERS know really well that "there are plenty of fish in the sea."
There is a bit of an exception though... in all of our snacking, if we should discover a certain type of fish that taste particularly good then we'll accumulate a bunch of them, put em in a pen and let them reproduce for us. The difference is, we'll always eat a few along the way as they're reproducing, because you never know when they all might get hit with the "Swine Flu" and die off suddenly. Us FLIPPERS always make sure we get a few meals out of our fishing efforts, regardless of any desire we may have to hoard a huge school with the hopes of never having to fish again.
Well at least I'm not going Capt. Insano. Yet.
Nightynite
Yessir. You buy the FAZ when you think the $BKX (bank index) is going down. Nice reversal candle on the $BKX today, but it still needs confirmation. Yes, I jumped the gun on it. Again.
Gnight fellas.
There! You see? LOL I'm tired.
Perhaps this post should be pinned to the top of the heap sir...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37604418
Some folks don't stop in here regularly enough or just plain old don't pay much attention to the big gun.
Ok, it's past my bed time. Stayed up late last night for the Laker game too. This lack of sleep is gonna have me looking mighty ugly by tomorrow. I'll have to stay in all weekend.
From what I'm hearing Dred, C and BAC are both insolvent, (along with A LOT of other banks), and eventually that will have to come out in the wash. Doesn't mean that they will with all of the shenanigans being played by our wonderful gov, but it's something to keep in mind.
I am by far a financial whiz, so I don't really have a clue what will happen. I just trade the pretty colored candles on my charts.
Take care.
FAZ: Here's how I'm playing it...
Since the drop from above $110 in March, FAZ has failed every test of the 10 MA. So the first positive sign to watch for on the daily chart is a close above the 10 MA. If I had a more significant position I would even think about taking some profits at the 10MA. Even before that though, there is a lap to fill at 6.25 and the gap fills at 6.537. Watch for support there if it gets through them. Above the 10MA there is resistance at 8.36. From 8.36 - 8.61 is another gap fill, and yet another gap above that from 8.97 to 9.27. Above that is the 20EMA at $10.57 currently, and dropping at a rate of about .50 - .60 a day.
All of the above can be useful on a move higher, but even before all of that, I'd like to see it establish a base above the last swing high price of $5.83 on the 5, 15 and 30 minute interval charts. If the flag being formed on those charts fell in a range of 5.80 - 6.00 I'd feel better about a move higher. Seeing the afterhours close of 5.18, along with the 8 point higher price of the S&P emini futures right now, doesn't give me the warm fuzzies either.
The only two current support areas I have for FAZ are the premarket low of 4.56 and the lows of regular market hours at 4.61. If I had a larger position I'd put a stop on it, but because I only have 100 shares I'll hold them.
I'll update as the picture gets clearer one way or the other if anyone is interested.
So far so good with FAZ. Tomorrow should be revealing though. See how the market deals with the stress test (laughable) results. Is it going to be a "sell the news" situation, or will it be used to launch the market even further? I have no idea but right now the S&P emini futures are up 5.50 points from todays close.
LOL
Hi Dred. I'm not leaving just yet. Remembered I have to update my FAZ position here as I said I would earlier.
Thanks. I wasn't an alcoholic or anything... I just decided to stop, since, apparently like you, I had the sudden "duh" realization that I didn't really like the taste either. At least not for wine, hard alcohol or any beer other than stout ale.
I much prefer fresh squeezed orange juice to that though.
Off to bed for me.
I haven't had a drop of alcohol in 14 years Brent. No anticipation here at all.
Maybe you could write a book about something?
Brent you should get a job at Disney or something. There has to be a place that can use your humor and creative abilities in a way that could make you a fortune.
Yeah...I guess we'll be back to S&P 1500 in no time. Life is good!
Off to the gym. Have a good evening everyone.
It was entertaining sir. More and more they're all looking like they have the same general theme with only the little details to make them look different.