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nikoschopen
2,824 posts
msg #59805
Ignore nikoschopen
2/20/2008 3:10:41 AM

Here's an interesting observation. Blame it on my fertile imagination, but I see a eerily similar pattern between AAPL and GLD.


EWZuber
1,373 posts
msg #59806
Ignore EWZuber
2/20/2008 3:57:01 AM

nikoschopen, Looking at that GLD chart I don't see where you are coming from with that resistance trendline.

Shorter term Daily chart is bullish with a bullish break out of a Pennant pattern today followed up by a mildly bearish consolidation pattern on the Hourly and 5 minute charts.
I say mild because although pattern support was violated in those two time frames, the stock stabilized closing every hour above $91.50.


johnpaulca
12,036 posts
msg #59809
Ignore johnpaulca
modified
2/20/2008 9:45:54 AM

Longs.

TNH...123.50...closed@$127

GDX...49.60...closed@$50

HES...94.04

NBL...76.90...closed@$78.40

ESRX...64.50...closed@67.50



nikoschopen
2,824 posts
msg #59811
Ignore nikoschopen
2/20/2008 11:41:57 AM


Quote from EWZuber:


nikoschopen, Looking at that GLD chart I don't see where you are coming from with that resistance trendline.

Shorter term Daily chart is bullish with a bullish break out of a Pennant pattern today followed up by a mildly bearish consolidation pattern on the Hourly and 5 minute charts.
I say mild because although pattern support was violated in those two time frames, the stock stabilized closing every hour above $91.50.




nikoschopen
2,824 posts
msg #59817
Ignore nikoschopen
2/20/2008 2:22:55 PM

Time to hitch a ride the gutterville. This might be the start of another fresh drop. In the meantime, keep ure fingers crossed. GGrrrrr !!!

johnpaulca
12,036 posts
msg #59820
Ignore johnpaulca
modified
2/20/2008 3:45:44 PM

Niko...are you out of GLD or holding???...don't forget your stops. Lots of good trades out there. Let me see...Rig, HES, APC, MUR, etc.
-cheers

nikoschopen
2,824 posts
msg #59821
Ignore nikoschopen
2/20/2008 4:09:16 PM

I'm proud to announce that I got stopped out back-to-back today. Not much I could have done but get screwed one after another. LOL

But I'm certain that I'll get it all back more sooner than later. On that note, I look forward to another day of trading.

johnpaulca
12,036 posts
msg #59824
Ignore johnpaulca
2/20/2008 4:18:23 PM

I am sure U will get back to ure winning ways tomorrow...peace.

-Any ideas for tomorrow ???

johnpaulca
12,036 posts
msg #59828
Ignore johnpaulca
2/20/2008 4:53:11 PM

FE...Long@70.9 -still hasn't participate in the energy rally

NEM...Long@51.10 - now starting to make a move.

nikoschopen
2,824 posts
msg #59829
Ignore nikoschopen
2/20/2008 5:35:42 PM

That's right, you won't see me dilly-dally when it comes to cutting my losses. No reason to stick around for days, if not weeks, hoping to recoup ure losses.

As for tomorrow, the daily chart looks moderately bullish but I find what was stated in the Fed minute somewhat worrisome. Essentially it confirmed that the economy faces a double jeopardy of both inflation and recession, better known as stagflation, and for those who took ECON 101 would know that stagflation is a death knell for the economy.

StockFetcher Forums · General Discussion · POST YOUR LIVE TRADES HERE!!<< 1 ... 47 48 49 50 51 ... 162 >>Post Follow-up

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