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this credit crunch has money changing hands like crazy...XTO has recovered well also...still too many very good buys out there to be sittin on my hands while we wait for Bcon to signal...hope others are making the best of it...best of trades!
I guess we'll need to see how they're priced...i would naturally think that GB had the knowledge of this shelf before becoming a contender himself...these are exciting times and one must be nimble...
MDII...keep an eye on it, if you're not in it...1.20 should be the test...
JEC recovered very well from the market snazoo...this is a great stock to either trade or hold...may be painting here...could be a candidate for a forward split perhaps around 75....
BCON...technically it's iffy...bulls don't like inverted triangles, but it is showing some support at the 50ema...the ADX, RSI and Macd are bearish, though the Aroon could be indicating an early reversal with the MFI up tick...i would have to wait here for confirmation to either side before i engage...
Nice to be Home and nice to have been able to dive with the kids...that was neat, what a world we live in!
glad to see some posting...both the holders and the traders are mixing without battle...this is good!
need to go do a review from where i left off....brb
OUT OF THE OFFICE
I will be on vacation thru 8/9...i will check in as time allows.
so far this board has been great in posts and content, keep up the good work!
Everyone should know that the energy bill has passed...should firm up Bcon trading...hoping to see a hammer tomorrow, at least, and better would be an engulfing candle, but we'll have to wait to find out.
Also, the SF Chronicle, while promoting the passing of the energy bill, was also promoting PEIX...there's divergence between the A/D line and PPS on the daily and the weekly has a nice divergence with the macdH...i'd watch it closely...
best of trades!
Padron is a brand of cigar...you know, a cheeky weasel!...very nice with Benedictine...brings out the flavor of both in a remarkable fashion...not sure how it would work in ER, but i feel no pain afterwards!
you look like you're pretty busy David, but swing in here anytime...no pun intended...your speak is always appreciated and welcomed!
this eve it's a Padron and some Benedictine (because i'm outta porto)
welcome Gray!...i think you'll find this community quite refreshing...and i can assure you that it will NOT be a yahoo experience! nothin but good eggs here!
ah yes! thank you!...i did not make the hound connection...but i am sooo glad to see you (anyone for that matter) making the effort to expand their influence into an educated decision. i just love the good doc...i've ready many a TA manual, but nothing comes thru for me like elder...i like his straight forward don't do it policies, even though i do violate them, because i think i know better...lol...not...one of his greatest contributions to my better trading has been "divergence"...prolly one of the best forward looking technical conditions there is, imo...
and i agree that we all paint the chart to what we believe, or even want at times, to see and that's why i believe that triple screening is the purest form of TA in that it can be used in all time frames.
he also is fairly adamant about not getting involved in MBs (and we know why!)...but i believe that if a few can bring together a focus where other perspectives can be constructive instead of argued against, then it is all good because i am not done learning, and neither should anyone else...and i'm not trying to promote a studyboard either, there are plenty of those here at Ihub...just want a civil, humorous board with some technical credence and hopefully monetary rewards for whoever...thx for the xchange
well you definitely have been doing some studying!...i remember when i first started out and how i felt that every chart was just a gold mine and all i had to do was match a pattern and whammo!
but frankly, i just don't see either the H&S or DT just yet...what i see is a failing pennant and a trip to 1.42 would begin to set a DT, which is not a bullish pattern, i'd prefer a nice 'W' off the 1.42...however, this is bcon, an emerging growth story, so one must chart with a grain of salt...it is different (less dependable) than charting a stock that has an established capitalization and is trading on wall street.
now there's plenty i remember regarding signals, and some i prolly don't, so can you remind me of the condition of the signal you reference?
good post...this is the kind of posting that just doesn't happen at you know where...it's what separates the IHub community from the also-rans.
could be a dbl bottom with a hammer on monday...that would be optimistic because if gaps have any influence here, there's one at 1.09...considering GBs 1.13 average, that may be another target, but that seems so far away...iykwim...
mean market...traders forcing others' hands...ouch!
well ASEI has done very well over the last three days, but i think the big traders lead the market and employ fear and greed when conditions align to their cause...skittish, just skittish...imo...but if you surf Ihub, you'll find some very good technicians and some good opps in the event that your scans aren't pinging...
yeah, i hate it when the market gets squirrelly like this...too many nice set-ups go awry, but the big caps hold my interest for recovery in times like these...yeah, i know they don't have the leverage but there is a time and place for everything...
one more thing...you can send Matt (admin) an email and ask him to lift the post per day to 15 for you...
thanks DD...this market is pitching some curves...wild rides...
best of trades!
welcome EO...tuesday huh?...i'm flying outta here on monday...prolly won't be trading, but ENG has been good to you! looks like she'll do it again provided the market doesn't squelch it...
XTO...to be or not to be?
hourly RSI just breaking 50 at eod 8/2...doji on the weekly...if the market is kind i will buy over $55...
BCON chart
keep rule #1 at the top.
yeah...what a blow off...not the material event that everyone was expecting...i think we have time...i bailed at 1.70 even though it is still within the pennant...bcon has low reliability and i don't like the looks of the studies right now...
and yes, it is common for a trader to buy after the return on a bottom and before the top is reached...but that is a nice picture phrase...
don't be such a stranger, your efforts are in vain where you are.
i am re-entering JEC...nice response to the 50dma...hopefully the market will extend my profits...
obviously that PR was a given and built into the price...i have exited and will re-enter when appropriate...like on the other side of the upper arm of the flag or near DG's 1.13 average....good luck!
BCON behaving in the pennant as expected and did so on low volume...appears to have been another opp for entry...hang in there...
welcome GoodFella and thx for the post...and yes, nothing like a nice solid event to blow up a good pattern...lol
it's entirely possible that BCON will drift into the lower arm of the flag circa 1.53...as anticipation in some is capitulating as news lags...good opp to shake out the weak hands...
do ya think that he'll be the next bcon board member?
hey geo...i'd have to say it's constipating... :)
isn't that a spring board??...it really needs to do something soon...Bcon's getting a wedgie...
well there are certainly no sellers...we've had the greatest exchange of hands, in years, providing a nice base for the next leg up...hopefully the next news will be more than the Gen4 testing (i think that's built into the price) or the 10q (which will stink)...we need meat to prevent a blow-off from any mediocre news...
Thanks for engaging David, it's always nice to bounce ideas around and have them bounce back...best of trades...
three days off a tight lower bollie with an engulfing candle...hourly RSI came thru 50 near end of day...plus chart notes...this would be a nice turning point...
anticipation has kept BCON market resilient...hourly RSI is hedging 50...a break there will take us out of the five day intraday pattern that may stem from foreknowledge of pending events...a nice base has developed...
ROCM +$1.27 - JEC +$2.16 - MDI held - BCON held...great day in the neighborhood!
thank you...there is life on this barren planet! hope you caught sight of JEC...
thx again
put MDII on your radar...this is low volume support, as of the moment, but worth watching...that is if anyone actually reads this board...lol
JEC...stockcharts having technical isses...no chart.
very strong company with a billion dollar backlog.
nice!...i'll check to see who they are holding...thx
give money a reason to change hands and it will...the talk is mixed economics, credit crunch, real estate depression, etc...the fact that our deficit absolutely sux, only strengthens the next world economic power base which is china...china and russia have signed agreements to form a natural gas cartel, and will likely have their own OPEC putting the squeeze to the existing one...the US becomes the squeaky little voice in the distance...
buy drillers, services and oil companies operating in the greater russian oil & gas basins...
nobody ever went broke being cautious.
ROCM...Potential reversal in play here
volume leading into earnings due tuesday...last qtr was positive...i do not know why it tanked back BEFORE the last earnings and it still didn't survive...low float so be careful...do the due!