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Welcome to the jungle...lol
Don't let it bother you too bad when they take your lunch money from you on the first day...hehehe I think that is a rule.
Sonic
I can't hang around during the day so I have to swing trade stocks and the S&P so my stuff probably won't suit you guys too well except for occasionally.
That's why I posted TXCC, LSI and LTXX. All three have tons of support down here and also look like they can be bough with bids lower than they are now. Much easier to play for me in all aspects.
Daily charts are almost ready and weeklies have started
I don't even play much with the stocks...just in my IRA and most of that is long term (meaning weeks to months) This hunting for stuff is hard.
I would bet that we trade lower very early in the week but not too much lower. I think tomorrow is the best bet for a turn but early week is a good bet. I won't be too excited unless we take out last weeks high though (which I doubt). We should close the week higher than last weeks close but not higher than last weeks high.
1143, 1130, and 1103 are the big nuts to watch on the S&P
Don't foget tomorrow is Columbus Day. It's usually a crummy day with light volume. Don't put much weight on tomorrow's signals.
Cap
ZICA looks just like that. There's alot of stuff busting out of triangles HARD.
I hope everyone had a good weekend.
A few to look at for posible swing plays. They probably don't look to good to anybody on the daily but a 3 of my weekly "trendicators" have turned up.
LTXX, LSI and TXCC
test again
Test again
Cap...you have mail...eom
The October forcast for the Dow
Pretty much "dead nuts" so far
Han
I'm in GNVC but I wasn't gonna tell anyone...risky play.
Lots of your picks look really good at first glance. I'll help you look over them this weekend. Whatever you changed you're scan to is much better than before.
Have a good weekend everyone...keep the picks coming
Have a good weekend Cap...tell the Brick hey and try to stay out of trouble.
The minis don't seem to let them get too bearish going into the weekend lately. Flat to up from here.
Starting to get some good bid support too.
1123 - 1124 is the big nut to cross for short term trend
Too much divergence now. Could go either way...I'm out
Bond market closed. Gotta watch the last hour for the "smart money" trades.
3:00pm turn for the market???????
I got a partial fill on IBD @.63 for a quickey. Not chasing for the remainder of the order.
Took a quick try long on the ES mini - 1122.50
That goes against what I said but it's a quicky
Are you boys making making coin today. I told you not to fight the gap. It gapped down on jobs report and only make one quick bid to the plus side. THe market was waiting for a signal this morning instead of already having an establishd trend
I wouldn't be a buyer of gold here
Wait for 240 on $HUI to show it's hand. Very strong resitance there as well as 250. I lighted my core load on HL on the morning gap. I would wait for a pullback or pick it up after 250 gets bown out.
Much easier to watch $HUI and play the miners that stay in touch with the index than to follow the individual miners...too flakey
The spread is way too big on this one to play.
Unless it fails. When it doesn't pan out you better have a stop ready cause it's gonna' get ugly!!!
Whooaa!!!!
If you like using the histogram try drawing lines across the tops and bottoms and watch for breaks of the line. The verticle black lines represent where the histogram top / bottom extension was penetrated.
Chart:
Han
I would be looking at Cappy's pick of RVSN
leading...if it's good news you will get what you want. We will not look back. It it isn't you better look out.
I don't know what tomorrow brings due to the big push at the end of the day but this one has a lot of room left to run. It could gap or come back but I'll take some for swing.
Cap
I really like that chart but don't know if I could feel good about the volume. Nice find though.
Cap
Thanks
Tomorrow is not a day to go against the gap. The market moves in the direction of the gap. It probably won't do much overnight but it will get crazy right before the open. Gap and go for sure.
Sonic
I realized the point of your message. I was just trying to pound the message home further.
Just look at your accumulation / distribution line from Stockcharts on a weekly chart and you can see that since January 1st it has been gradually accumulated the whole time the stock has been tumbling...an obvious sign that shares are being added to the float. The buyers can't even keep up with the dumping fast enough to even keep it level.
Normal stocks (un-dilluted issues) don't do this. You don't even need to read the news to be able to tell when these BB stocks are dilluting. Doing it for a day or week is one thing...and usually a signal that the stock will reverse, but for this long should be against the rules. Oh that's right...there are no rules in the world of BB's and pinkies. buyer beware
Chart:
Another test of some thumbnails to click of advancing / declining issues and volume. Crossovers are safe buy/sells. Oh well...no clicking the thumbnails. BTW, nothing crossed over yet so we need another day of distribution to go into a "safe" sell. Who likes to be safe anyway???
No more tests...lol
Naz:
Dow:
AMEX:
NYSE:
Testing a chart from a hosted image of my personal GET software.
The chart is a weekly chart of LTXX...a swing trade
Yes
Look at the A/D line and you can tell...STAY AWAY. Too much dilution.
Bingo
and down it was. We came right back all the way down to the trend line (1130 on the S&P) in one day. We are resting on it now. The morning gap should set the tone for tomorrow's trading. No gap...no trade for me.
I will study the index and post later. I'm off to find one for a swing trade.
hAN
I got your e-mail and i'm hunting now. Lots of stuff topping in 4 of 5 down...or finishing 5 up. I WILL find something tonight.
Tread lightly with anything that follows the market tomorrow. The market should drop. Bull flags were broken to the upside on horrible intraday divergence. The flag that broke was 7 months old and needs to pull back the price near the break line before resuming.
It should only be temporary as the uptrend will continue in a big way after a small breather. It looks like time to load up after the brief pull-back.
You guys have fun tomorrow. I am done for now (3rd post)...lol
If Cap can ban then I'm in trouble.
I will make sure my next post is worthwhile.
Thanks for the welcome guys
Can you post charts here?????
Can someone give me a link that shows how.
I need to use my edit button so I don't use my last post...LOL
Hey gang.
At the top of this board I get this message: " You have written 0 posts today and have 3 posts remaining."
I guess this means I get three posts a day unless I pay...LOL
test
4God
Nice lesson here: http://www.tradetrek.com/education/webclassroom/blocktrade.asp
Chi
Nice board. Thanks for the effort you put in and especially all the links.