I know you bought it at the very very bottom... and of course sold it all at the ultimate top... so now its a pos. I got to get a bucket of money.
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Friday is the day to look at your long term weekly candle development. Today is the day they finalize the configuration of the candle that will lead us into the next week
What can we look at. Well we can see the weekly trading channel or range. What we can see is the footprint we could have played in. We can bounce that candle off a daily mid and daily candle chart.
That will show how that candle progressed. What we learn is by looking at average candle sizes we can see somewhat what we can expect Ford to move in a day. Barring any market extremes or news we get a feel of the daily ebb and flow up and down. We also get a feel for trends short, mid and long.
Maybe Ford is going to that 18 to 23 channel... maybe it is going back to the 10 to 13 or 14 channel but the charts let us know it will take more than 2 or 6 weeks to get anywhere. Knowing you have time frames that are not immediate you can plan a better trade.
Of course there is plenty of room for the buy and hold crowd.
But MHO for myself is the markets are not stable. They are not trending coming off a bottom like a flash crash or a recession. they are coming from a market that just keeps trying to go up past its time.
So I now am in caution mode and plan even more to protect my principal.
Gl all and have a great weekend.
BTW this applies to FCX HEP AA S F HTM FTR SIRI FITB or what ever stock is in your favorites list.
Friday is the day to look at your long term weekly candle development. Today is the day they finalize the configuration of the candle that will lead us into the next week
What can we look at. Well we can see the weekly trading channel or range. What we can see is the footprint we could have played in. We can bounce that candle off a daily mid and daily candle chart.
That will show how that candle progressed. What we learn is by looking at average candle sizes we can see somewhat what we can expect Ford to move in a day. Barring any market extremes or news we get a feel of the daily ebb and flow up and down. We also get a feel for trends short, mid and long.
Maybe Ford is going to that 18 to 23 channel... maybe it is going back to the 10 to 13 or 14 channel but the charts let us know it will take more than 2 or 6 weeks to get anywhere. Knowing you have time frames that are not immediate you can plan a better trade.
Of course there is plenty of room for the buy and hold crowd.
But MHO for myself is the markets are not stable. They are not trending coming off a bottom like a flash crash or a recession. they are coming from a market that just keeps trying to go up past its time.
So I now am in caution mode and plan even more to protect my principal.
Gl all and have a great weekend.
The price of silver was way higher than this and they still did not produce a dime that went toward the share holders value.
The only thing that SDRG has given the shareholders or those that are gamblers is the time of day.
I hope you see a couple of pennies. Though I know you could do better with your money. SDRG is not a good investment nor a really good lotto ticket.
GL
Lets see if it even gets to 13.00 first and how it acts around that level. The Market is in charge and we are just along for the "ride".
I am just looking to catch the right wave... at the right time. Knowing that I will have to kick out somewhere. waves don't go forever. They come crashing into shore. The tide waits for no one. It will ebb and flow and no one but the moon has control.
Oh I am in a wistful mood this morning.
IMHO it is just a normal cycle. Ford has been kept in the over bought position past its prime. It needs a pull back if it is going to continue.
I can see a bottom of 12.80 if this continues. Long chart has plenty of room for downward movement.
Remember... when all the indices are maxed out or above the median line it leaves lots of room for down... it is just a fact of life and markets. Some one is going to take advantage of that.
It does not mean no one likes Ford. It means they are going to follow tried and true practices. News will always trump a chart. But history has a tendency to be redundant especially with stocks.
If you look at many charts right now a lot show the same pattern. I think this is because they tend to follow the dow, S&P or the Naz. Which in turn follow to some degree the world markets Asian and Euro...
I welcome the pull backs. It is a chance to travel that channel up again and again and again.
GL
and have a good and careful trading day.
Your asking me? If this keeps up we could see 12.80 before we see 16. But I don't know anything. I take what they give one day at a time. Up or down it is all good. There are just too many factors to consider. Plus I am not comfortable with my three charts now. So I am watching. No worries. No need to place a bet until I feel comfortable.
Everyone finds their own way. I seem to have found mine.
I start my day looking at the Asian markets around 4:30 am to 5. I glance at the euro markets. What I have witnessed, is the American markets are trying to buck the world markets. The cannot do that forever. I am seeing stocks with double tops. That means to me there are going to be great opportunities for me when they collapse. But only if I am in cash and not stuck losing my principal.
You asked.
I am not jumping in until it is back in an up mode. Look what happened today. It is hard to catch falling knives. There are many charts that look just like Fords.
Nice comeback
I am going to put my truck in the shop this week or next. Got to do the rear main seal. Once that is done I am heading south toward the keys for a weekend. Going to hit the beach and sleep out of the truck. I have been looking for a little rv trailer or a slide on. with a side door so I can trailer the boat.
Once I get some family issues taken care of I am going to by a house down here and go on a vacation.
I don't see me retiring up north. I love visiting but not to live. Too much to do down here.
You see the stocks tumble this morning. I am so glad I went cash these last couple of weeks. May May go away... I finally listened to that one.. ha...
Yes it is. Have you been fishing? This weekend I am going to walk the beach at stump pass with two rods and my backpack. I don't have the little boat all set up yet. The welder has got a back log and I got an appointment this week (taking care of a couple of preventive health issues).
I want to do a charter... I would like to get some black fin tuna.
It might turn out to be a high volume day.
It is a good time to be in cash.
what did I say on Friday? the day is still young n I was off by what 5 or 6 cents. It is just starting. I got lots of ambiguity on the charts. Trying to catch falling knives is tricky if not dangerous.
But so far my trade is working out well. Now I just got to pay attention on my next entry
Hold on the ride is getting bumpy
They do a 12-1 reverse split instead of a 6-1 as voted and now ask us to vote in a new 200 thousand shares. They got some huge nuts to even ask that so quick. I guess they have not looked at the pps this last couple of weeks. Where is the value? Where are the projects? Where is the Don Diego approval?
FTR declares dividend.
I made more trading it than i was going to get with the divy. It trades in two channels. Until i see different i will treat it the same.
One of the most famous lost ships in history may have just been found.
James Cook’s Endeavor — a ship that vanished off the map so completely that there are accounts of its possible final location across the globe — may be in the waters off Newport, Rhode Island.
The Rhode Island Marine Archaeology Project (RIMAP) will announce on Wednesday that it is between 80 percent and 100 percent certain it knows the location of the legendary explorer’s lost ship, according to information on its website.
Good song
I score Atlanta's draft picks a C. Mediocre draft picks. It will have to play out. I do not see any superstars.
Well we will have to see what this week brings to the markets. I have 3 stocks lined up i am watching. Which ever way looks strong I am going in that direction. I am not going long. I don't like the markets...nor the realestate markets right now.
I see a lot of "predictors" playing hindsight on the board. Lol I wonder how many got or feel trapped after fridays pullback. There was a bit of to da moon going on. 23 dollars...lol
Charts are not tea leaves as much as they are a recorded "history". The future is not written yet but history is repetitive under simular circumstances.
Not much going on. Same old same old.
by that time it should have a couple more zeros before the 1... like .0000000001
lol
have a great weekend.
I hear you bud. But on the bright side we get to make that money all over again. It is actually below where I sold it again.
you just cannot go with the up up up...
they go up and down... trend is the key.
But in this market... up is down and down is up
I don't go in until I see a bright sunny chart. I gave up trying to guess charts that become ambiguous. I wait until they regain strength... so I miss a few runs... if I am cash I have not lost a thing but have gained in watching and learning the behavior of the stocks I like.
Have a great weekend.
NFL draft continues.
VMGI; following this is basically like joining a club, whose sole activity is watching paint peel on a fence post.
I feel for all that are still clinging on to the dream.
gl
If this continues Monday and beyond, 13.10 is a possibility. I have conflicting chart that is for sure.
So gl and be nimble.
markets are freaky. Glad I am a watcher.
Up is down and down is up.
I expect F, S and FTR to be pulling back with little pops until over sold. Too iffy on the chart. The markets are freaky right now.
up is down and down is up.
FCX is blowing off the doors on the barn this week.
YEAH nice I just got out of meetings today. I got another one today after 3:30 so I am out of commission this week. I get to live vicariously through you. lol
If it did that I would be forced to short it.
Finally draft day. Now lets see how the Falcons screw it up. lol
Watch that gap. They recalled a lot of trucks and suv's with that earning news too. It could go either way. Today is the day after divy date too... you got a lot of mixed signals.
Should be interesting to say the least.
Watch the gap this morning.
Tomorrow is NFL draft day. :)
So what is in store for this one. Let us see some news and information on their plan B if they do not get Don Diego. They are being way too quiet about any other projects.
The price of this stock is pathetic after the split.
Alcoa is on a tear this morning... nothing seems to stop it the last week.
I had to go out today do I did not touch a thing. I always get burned when my mind is not on it. It did well today. It would have made me a nice flip.
I have not looked yet to see if there was any news.
all that is two complicated for me today. lol I have a busy day ahead
Asian markets finished mixed. Lots of good stocks over bought.
if they gap up too far I stay away. Gap and crap is a morning trap.
I just don't like the conflicting charts right now.
So I have found the money staying in the bank is the safest bet.
I rather be shaking my head in wonder with my money in my pocket... than shaking my head in despair because I chased a stock.
But good luck today what ever may occur.
it did dip the 40's yesterday.