Week of May 22/06 Long/Short/Cash

[Runner]

Here it is the sickness continues

Nasdaaq up/down volume

Up=4,893,870
Dn=16,907,286

NYSE

Up=4,461,317
Dn=15,754,237

[diogenes]

My drawing sucks here is a better picture...

I happen to be looking at pictures like that, too.
Very interested in consumer staples.
What do you think?

[Websman]

Still in cash...

[Runner]

I happen to be looking at pictures like that, too.
Very interested in consumer staples.
What do you think?

Looking at the simple chart does correlate to how things have been happening at least to me it does. Now are we at the peak? I can’t tell you that because then I might get caught up in trying to out smart the markets. All I can say is the trend is pointing down and this in itself is enough for one to align themselves with the trend. I’m not crazy about trying to go long in this market. I could care less about how oversold we are the price chart has been pointing down. I’ll let the big brains and experts predict the bounce and the bottom….

[spikefader]

I'm rather surprised I'm the only one looking for shorts there......no more bears left?

[Runner]

I'm rather surprised I'm the only one looking for shorts there......no more bears left?

Spike, I’m Bear and thinking the risk going short outweighs the reward at this juncture.. I’m cash mister right now. Stalking short into the rally whenever that happens, but it will happen. I feel long is wrong right now and I’ll continue this thought until I’m proven wrong..

[Websman]

Spike, I’m Bear and thinking the risk going short outweighs the reward at this juncture.. I’m cash mister right now. Stalking short into the rally whenever that happens, but it will happen. I feel long is wrong right now and I’ll continue this thought until I’m proven wrong..

Logical answer Runner... Cash is where I will be while I gather my short list.

[spikefader]

Wise. Very wise. Dow still is doin' the 3 impulse down thang....4 up soon one would expect...5th down may break the C....the crud may really hit the fan then.....

We've seen plenty of times what can happen if a C breaks. The most recent example I can think of is FUEL breaking 3.33.....new lows today and -30% from the C. Eeesh..

[sisterwin2]

I'm rather surprised I'm the only one looking for shorts there......no more bears left?

I want to play options but have not had the time to really learn how.... Now is a good time to study... sure wish I didnt have to work full time.

I am sure there is money to be made by the brave and smart... Not one of them yet.

Still in cash but BDK is getting closer to being bought long for me.

[spikefader]

Hey Dena.

You rock girl! Featured BDK tonight thanks to your heads up.

Good luck with your entry. I'm sure you'll be patient and make the numbers favorable!

[sisterwin2]

Bdk

Hey Dena.

You rock girl! Featured BDK tonight thanks to your heads up.

Good luck with your entry. I'm sure you'll be patient and make the numbers favorable!

Well, ty ty. I take this as the highest compliment. I just looked again at the yr chart and see a gap in the very low 80's, do you think it will hit that low? I have not made my entry as of yet. EMA/Sma looks like it is still heading down to me...

http://stockcharts.com/h-sc/ui?s=BDK&p=D&yr=1&mn=0&dy=0&id=p75492075837

Comments Spike?

[spikefader]

Well, ty ty. I take this as the highest compliment. I just looked again at the yr chart and see a gap in the very low 80's, do you think it will hit that low? I have not made my entry as of yet. EMA/Sma looks like it is still heading down to me...

http://stockcharts.com/h-sc/ui?s=BDK&p=D&yr=1&mn=0&dy=0&id=p75492075837

Comments Spike?

I think the risk reward at these levels are great. And the gap fill support today was an excellent time to hop on board. Same thoughts as previously mentioned really. Long closing price with 2.5% risk stop at 84.60 works for me.

[Runner]

Well we close out another week. Looks as if the Long stalkers may have got some relief this week. Anyway this concludes this week’s poll and thank you for your participation.