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Replies to post #1826 on TOP GUN

Replies to #1826 on TOP GUN

BooDog

02/24/11 6:37 AM

#1827 RE: Natit #1826

nice calls. looking at a few but still a bit hessitant for longer swings.
still holding sblk to see if it picks up any momo, i hate the gap it left but the key will be to see if the divergence crosses to help give it a push. I don't think the news of the divi is new if i remember my dd correctly so wouldn't expect that to give it as much help as some may think. Anyway - i think the gap will fill so will be watching. Low volume certainly doesn't help.

RPC fell apart yesterday and my zecco wouldn't let me get back in when i wanted to, .62 was right there for me too. Divergence on that looks to cross to the downside so thinking there will be a better opportunity.

Take a look at JTX, still another gap to fill around .9 from December, candles are following the bollingers steadily down so thinking this will set up as a nice pincer when it's ready. putting a .9 target on it cautiously. acc/dist and mfi are pushing the oversolds pretty good.

DPTR looks decent for a push with a slight break on the trend line. Getting through the crazy .8's may be a challenge.

GSX showed some nice potential yesterday.

Looks to me like the dow is determined to catch 1200 but i have my doubts that it holds, still think we could see 11,700 going into March. Futures punched the 12,004. Certainly plenty of charts look to break below their 200dma's and set up for pinchers.