BarTune1
441 posts
msg #88105
- Ignore BarTune1 |
2/11/2010 4:23:38 AM
Kevin,
No, I didn't mean in the sense of "no work on the sabbath" - more like "special leave for study" - I think your SF contract calls for one month off every 7 for this purpose doesn't it?
Anyways, as to Eriks question, I have only got burned here mildly due to trending stocks. I was able to call a few reversals based on VIX divergence signals both last week and Monday-Tuesday. My largest losses (and one is still open) is partly attrubutable to overpositioning. If I were to have traded ETFs only I doubt I would be down at all. Closed KRE at a profit today. Closed MI, EEM and some SLX at a profit yesterday.
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karennma
8,057 posts
msg #88125
- Ignore karennma |
2/11/2010 12:10:56 PM
Erik:
The coast is clear!
DOW up 100 pts. = 10,138 ....
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karennma
8,057 posts
msg #88126
- Ignore karennma |
2/11/2010 12:12:19 PM
Erik:
Also, SLV is moving w/ the market.. making higher highs ...
:>)
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karennma
8,057 posts
msg #88129
- Ignore karennma |
2/11/2010 12:25:46 PM
Erik:
As per my discussion YESTERDAY
re: chart pattern "falling wedge" .. RIMM just hit 68.80! (from 66.16)
karennma
- Edit message 2/10/2010 6:16:12 PM
RIMM has same pattern = falling wedge ----->>> target price = $68.75
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karennma
8,057 posts
msg #88130
- Ignore karennma
modified |
2/11/2010 12:26:50 PM
Erik:
The "falling wedge" pattern picked up RIMM and BIDU yesterday.
I need to find more of those!
:>)
edit:
From StockBandit:
"Context: Found within a downtrend, the falling wedge is often a reversal pattern. "
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karennma
8,057 posts
msg #88131
- Ignore karennma
modified |
2/11/2010 12:36:48 PM
Erik:
Found another ..QCOM
Look at today's chart!
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einok
msg #88134
- Ignore einok |
2/11/2010 12:58:19 PM
Hi Karen,
Besides qcom, those others are pretty close to the 200 day ma. So for me, unless it's a short trade, I usually wait to see how things respond to the 200 day ma. I think if we get a close above the midsection of the 2/4 candle like on the previous chart, it would be a good bullish sign, but it is likely we would have a retest of that level for support if that happens.
FWIW, I also noticed that some oscillators are showing a bullish divergence.
Erik
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karennma
8,057 posts
msg #88140
- Ignore karennma |
2/11/2010 2:40:21 PM
Erik:
LQQK at the one that got away .... just when you stop watching it ...!!
AIG .. !!
:>)
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einok
msg #88142
- Ignore einok |
2/11/2010 3:19:36 PM
karen,
good move on aig. i am shorting jpm right now
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