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 Strategies & Market Trends | Strictly Buy and Sell Set Ups

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To: hubris33 who wrote (10523)11/13/2006 2:49:44 PM
From: sixty2nds   of 13449
 
h33 I do not play gaps down. I figured I could catch a few a few z's in that part of the lecture. 60

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To: hubris33 who wrote (10523)11/13/2006 3:00:12 PM
From: sixty2nds   of 13449
 
About that "perfect 3-5 day storm" - You could go on day 2 and rename it The 2-5 day I've No Patience and want to become a Patient Storm (ggg). I recall jolting myself awake in that gap down lecture. My head hit the desk. Was that you pushed my elbow? I heard something about declining volume. Was I snoring too loud again?

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From: chowder11/14/2006 2:43:00 PM
   of 13449
 
Speaking of ICE, what a terrific break out today. A wide range bar that gapped up at the open, on huge volume, is usually indicative of a new leg up.

Professional buying today!

First price target $98.00, second price target $120.00. Stop $79.50.

stockcharts.com 

dabum

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To: Peter van Steennis who wrote (10514)11/14/2006 2:44:04 PM
From: chowder   of 13449
 
>>> Did NATI trigger for you? <<<

Took a small loss on NATI.

dabum

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From: chowder11/14/2006 2:46:42 PM
   of 13449
 
I've mentioned in the past my holdings in DDS, which I've had for a couple of years now.

Huge price movement today, position up over 100% for me. In at $16.35.

Again, these are the types of price movements that create new buying opportunities for longer term positions.

stockcharts.com 

dabum

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To: chowder who wrote (10527)11/14/2006 3:07:34 PM
From: profile_14   of 13449
 
Dabum, nice to see you back! Hope this note finds you well.

Speaking of ANYTHING, there is no reasoning. Everything is up. It feels like nothing matters anymore, only momentum. Valuations are out the door. AMZN is up another buck today and yet they will make half this Christmas than what they made last year on a per share basis.

Why buy here and not just wait for the turn which is inevitable after a 4 month run? This feels like a blow off top forming to me, but heck, Mr. Market knows best.
I heard on TV many traders had stops above 1392.20 on the SPX, which sparked covering and drove the market higher.

Best,

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To: profile_14 who wrote (10530)11/14/2006 3:18:11 PM
From: chowder   of 13449
 
I'm doing fine, thanks.

Speaking of momentum, it's that momentum that I have tried to take advantage of as the market continues higher. As you know, I'm not a proponent of averaging down on a stock. I prefer to average up when I end up being correct on a position. The market has been very cooperative on this strategy in recent months, hence my change from short term trades to longer term trades.

I've mentioned my holding in GT, it continues higher on above average volume. Got to love that momentum when you can catch it!

stockcharts.com 

dabum

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To: chowder who wrote (10531)11/14/2006 9:52:52 PM
From: profile_14   of 13449
 
Hey Dabum, looking at GT, I see a nice cup and handle break out. Congrats. I also see a potential problem developing as the green ADX line begins to fall and volume tapers off. The MACD bars look to be leveling off in another sign that the lines are beginning to create conditions for convergence. If you get a divergence in this hot market it could set up for a quick pull back. I would set a nice trailing stop and forget about it since you have nice profits, unless you want to avoid taxes this year or go for LTCG status.

Best of luck and regards,

stockcharts.com 

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From: Sober11/16/2006 11:03:15 AM
   of 13449
 
NLX.. looking like a buyout candidate here... and beyond that, it is a very limited downside risk at the bottom of their channel, with great looking financial..

This is undiscovered in my opinion... and represents a great set up.

Let me know what others think..

finance.yahoo.com 

Sober

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To: Sober who wrote (10533)11/16/2006 11:09:35 AM
From: chowder1 Recommendation   of 13449
 
>>> Let me know what others think.. <<<

I think you are hyping a stock that doesn't have any interest.

dabum

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