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To: Rarebird who wrote (115286)2/25/2022 4:44:28 PM
From: Sun Tzu
1 Recommendation   of 116127
 
It seems that for BCX you can use the combination of stochastics and correlation with oil to time your entry and exits well.

Have a look here: schrts.co

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To: Sun Tzu who wrote (115287)2/25/2022 5:28:25 PM
From: Rarebird
1 Recommendation   of 116127
 
Very nice chart. But I was referring to BXC, not BCX.

I like slow stochastics (30,3) better since I am more of an intermediate term trader. I do look at fast stochastics to get a hint or signal.

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To: Rarebird who wrote (115288)2/25/2022 5:32:38 PM
From: Sun Tzu
   of 116127
 
I thought to share some of my quant work with you.
You can use this methodology for other trades.

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To: Sun Tzu who wrote (115289)2/25/2022 5:36:15 PM
From: Rarebird
1 Recommendation   of 116127
 
I thought what you presented was beautiful. Clearly, BCX is in the midst or heart of a short term uptrend.

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To: Sun Tzu who wrote (115289)2/25/2022 5:47:06 PM
From: Rarebird
1 Recommendation   of 116127
 
I also agree with you about BABA on a number of counts. First of all, the chart is horrendous. Secondly, I don't think the Chinese government is finished regulating BABA. Thirdly, I think most institutions and professional investors are finished investing in Chinese stocks. Fourthly, dollar cost averaging into a losing position is a recipe for absolute disaster. Don't get me wrong, I've done the latter and suffered for two years before the stock began to rally where I recovered my money and then some. But I took a vow never to do that again and I haven't. Moreover, there are to many fish or stocks in the sea to get that strung out on one stock.

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To: Rarebird who wrote (115291)2/25/2022 6:14:08 PM
From: Sun Tzu
   of 116127
 
You may want to keep an eye on WEAT. It either just hit a decade high, or it's on it's way to an all time high. I find the latter more likely, but with some bumps.

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To: Rarebird who wrote (115286)2/25/2022 10:07:56 PM
From: rogermci®
   of 116127
 
Benchmark bumped target to 125 from 110 yesterday. Stock is stupid cheap. Normalized earnings assuming housing is in a secular bull market would be $15 to $20 a share. Company is minting money not to mention shoring up the balance sheet. We ain't seen nothing yet.

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To: Rarebird who wrote (115286)2/28/2022 5:45:50 PM
From: rogermci®
   of 116127
 
Can you give me your take on RYI chart? They are a steel processor and and my third largest holding.

schrts.co

Company reported $7.56 in earnings last week on $5.6 billion in revenue for 2021. There are no current estimates for 2022 although the company guided Q1 earnings in the range of $3.78 to $3.94. Stupid cheap like BXC and we can assume normalized earnings and revs will be lower in 2022 as will BXC.

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To: rogermci® who wrote (115294)2/28/2022 6:50:04 PM
From: Rarebird
   of 116127
 
Hi. I'll take a look shortly. We just arrived at our next destination for 2 months in Bullhead City Hills in the middle of nowhere, 10 miles to the nearest Grocery.

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To: rogermci® who wrote (115294)2/28/2022 7:26:37 PM
From: Rarebird
   of 116127
 
schrts.co

The November high at $29.96 was the completion of wave 5 of C. The January low at 17.90 is the completion of Wave A, the first wave down.

RYI is currently in a B wave up with a Wave C down coming to lows below $17.90. If I was long the stock, I'd sell it.

B waves are tricky and can approach the previous high ( $29.96) and even hit marginal new highs. But that usually doesn't happen.

It is not a favorable E-Wave chart. Like any other methodology, E-Wave can be wrong and even I don't take it as gospel. I use it in conjunction with other factors. I will go long or short a particular stock when all the factors line up well.

BXC is a very favorable E-Wave chart.

The move up in RYI today broke above its downtrend line. I draw a diagonal in my mind from the $29.96 on the daily to determine that:

schrts.co

If you are really hot on the stock, use a stop loss if it drops below the downtrend line again or just plain sell it.

The fundamentals of RYI are strong. But when Wall Street gets peak earnings in its mind, the stock is finished.

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