Jim's cycle trades

Cern

stock showing decent strength here.....SYK and ZMH are still acting well....CAMH acting poorly lately......However, I am all cash or daytrading when the opportunity presents itself....There's not much to post about and likely won't be till November.

He's fine.

Jim ok?

Just wondering if anyone has heard from Jim? I check this thread often and he has been gone for quite awhile.

Ngas

[QUOTE=Jim Smith]I would not touch NGAS

Glad i touched it. So far at least...

[Lyehopper]

my timing is off.....therefore, with the possible exception of posts about AMGN and CAMH, all discussions on this thread about stocks must be considered total BS.

LOL!.... confusing or not.... at least you're honest Jim....

Short sellers are creating these wild swings I think.... Look at GEHL today for an example, the pop to 20% was driven by short covering.... Notice GEHL's short interest has been increasing month over month. There's some fast money to be made on well timed trades right now imo....

BS alert

my timing is off.....therefore, with the possible exception of posts about AMGN and CAMH, all discussions on this thread about stocks must be considered total BS.

BGC....breaks downtrending neckline

I think this stock is bullish right here and now.

MRK's pullback to the neckline

at 37.50.....that's on the weekly chart....first however, I feel the stock rips higher to $46.50 by mid August, then the throwback or pullback to the neckline into late September....then the final high at 49 around Thanksgiving.

BGC....continuation pattern

H/S continuation pattern in the making....waiting for $37 to get taken out.

MHK....a more safe approach

there's a triple top on the weekly chart....the ultimate target has not been reached on the downside....if this triple top fails with a move above 74, the upside should be huge....I am going to give another 4 points away in hopes of a safer entry later.

[Lyehopper]

But....the throw back I am looking for doesn't happen yet.....I'd be making a ton except for my Don Qixote immitation....I suspect many are fighting personal demons here. Tough tape.

Actually I'm just trying to understand your cryptic posts Jim. You talked earlier about nobody posting on your thread.... yet some of your posts don't mean anything to anyone but you.... btw, I always read your thread and I think you're a good trader.... You just confuse me sometimes.

So explain the "throwback you're looking for"....

Weekly neg DMI for MHK

when the negative DMI on the weekly chart was as such a high level in the past, but bull move was huge....Oct 1998 the move was 88% up....July 2002, the move was 57% up....

So far the 200 week is resistance on MRK

But....the throw back I am looking for doesn't happen yet.....I'd be making a ton except for my Don Qixote immitation....I suspect many are fighting personal demons here. Tough tape.

Not MRK's intraday chart.....the weekly chart shows a H/S bottom breaking out at $37.50

I see it now. Looks like MRK stalled at the 200-week MA.

MRK's weekly chart

Not MRK's intraday chart.....the weekly chart shows a H/S bottom breaking out at $37.50