icanputt
27 posts
msg #58262
- Ignore icanputt |
12/18/2007 2:30:32 PM
Long PLXS @25.04 AB-CD pattern stop lod
moving my SRE to b/e
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nikoschopen
2,824 posts
msg #58264
- Ignore nikoschopen |
12/18/2007 4:27:55 PM
It appears that GOOG is about to make another leap. While it pierced below the SMA(50) during the trading session, it managed to close above the SMA(50). As a result, it formed an otherwise ungainly hammer pattern on the daily chart that you prolly wouldn't wanna short by all means.
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johnpaulca
12,036 posts
msg #58265
- Ignore johnpaulca |
12/18/2007 4:39:14 PM
Nikko...I covered as soon as the ^DJI reversed after hitting Fib 38.2%. I saw the hammer forming. I did well yesterday and today trading GOOG. Were you trading it also?
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EWZuber
1,373 posts
msg #58266
- Ignore EWZuber |
12/18/2007 4:45:05 PM
johnpaulca, no time to post today. Too intense & glued to the screen. Entered 5 stocks today. Got that little gap in the morning for PSEM I was looking for. Exited there for just a couple bucks, then picked up again in that huge consolidation pattern earlier today. Made good (unrealized) bucks on that. I knew what it was they were doing as they were doing it. I have seen this before.
Just before a good move higher big money will drive it down hard and fast to create a hightened state of fear. They are hoping to create so much fear that the retail trader not only exits at market for a loss but also loses the confidence to buy at the right time.
I got hit with that ploy several years ago and now can use it to advantage.
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nikoschopen
2,824 posts
msg #58274
- Ignore nikoschopen |
12/18/2007 7:25:18 PM
As for me, I'm long GOOG and will consider reversing when it rallies up to 700-ish.
Having said that, I mostly trade index futures if you haven't already noticed. Today was a lousy day for me. I booked some decent profit in the morning shorting the market only to give it all back and some more in the afternoon. The irony is that I did see the reversal coming and jumped in long when the market was basing but bailed out too soon and kept on fading the damn thing. Who would have thought the rally would be so strong?
It kinda reinforces the importance of maintaining flexibility: ADAPT OR PERISH!!!
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jcampbell
12 posts
msg #58277
- Ignore jcampbell
modified |
12/18/2007 9:30:35 PM
SS GRMN 12/18/2007 at $98.11 will cover at $85.20 should get there in about 10 days
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mb504
29 posts
msg #58282
- Ignore mb504 |
12/18/2007 10:31:35 PM
LONG -- SII -- TARGET $82 JAN 16...
BASED ON EMA 13,34 CROSSOVER AND FIBONACCI PROJECTIONS...
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icanputt
27 posts
msg #58296
- Ignore icanputt |
12/19/2007 2:58:10 PM
closed my SRE @61.99 +.86
missed closing at the open but it finally came back
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icanputt
27 posts
msg #58326
- Ignore icanputt |
12/20/2007 9:53:44 AM
closed my PLXS 26.19 +1.15
That is it for the year for me
time for family so Merry Xmas everyone
& see you next year
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johnpaulca
12,036 posts
msg #58328
- Ignore johnpaulca |
12/20/2007 10:59:45 AM
icanputt...happy holidays and lets make money next year.
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