I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
I have a love-hate affair with AMR...I love to hate them <g>. Actually, I worked for them 30 years ago and since then have watched the airline be chronically mismanaged. Management may be finally getting their heads out of the butts, tho.
I have a love-hate affair with AMR...I love to hate them <g>. Actually, I worked for them 30 years ago and since then have watched the airline be chronically mismanaged. Management may be finally getting their heads out of the butts, tho.
One day the government will run the airlines...Just a matter of time...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Make a right triangle using the 7/21/05 and 3/13/06 - 3/16/06 highs, and the 10/20/05 and 2/28/06 lows. Subtract the high from the 10/20 low for a difference of 3.71. Add that to the breakout price of 9.10.
What are your thoughts about the GOOG chart? it seems it has practically closed the gap at near 406 now, so should it start heading lower?
Looks a bit overdone to the upside for my taste and thinking of a short.
You have to respect the fact that the gap closed. The current price is a 50% retracement of the decline between January and March so if it's going to weaken, it should happen soon.
Double its 200DMA and in a symmetrical triangle. It closed right on the support line of the triangle yesterday; next support level is the 20-day EMA, around 20.45.
Comment