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Originally posted by RL
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Here is the first chart. Since then, it never gave the black channel turn up, but has given a blue channel long. My only dislike was that it didn't actually test the gap. That would have made me feel more comfy about buying it. I would be careful about a bulltrap with this one. If it gaps down and creates an island up top, it could get ugly. That would mean channel long failure, gap support failure, island reversal and likely test of 6.00 or below.Originally posted by dmk112Attached FilesComment
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Bull Suit Off - Bear Suit On
In a word, I'm now a .............. bear!
Warning to longs. It's a good time to be cash. I gave the long bias plenty of time to prove itself, and now with the the Weekly Qs showing a channel short from the top, and the daily showing that orange breakdown, the nail in the Bull's coffin is Vector closing bearish this afternoon. My bear personality is out of hibernation!
Roadmap: Look for ABC move on the weekly. Great time to be preparing for a C long entry - but be patient while the bias is short until that time. So the current move A is still in progress - perhaps to 35 ish?
Sorry folks
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Spike, I concur with that and so now it is time to bring out the crowComment
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Nice column, Spikefader. Very informative.Comment
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I'm A Believer
Spike I'm a believer last week tue. ibd said to start going to cash.I have been subscribing to Cabot's tonight they just sent their hot tip said go to cash.Oil going up again.Ray LongComment
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I am 100% cash. The good part is that I'm guaranteed not to lose a dime, no matter how bad the market is. I can afford to wait it out. The market is bowing at my feet! Hahaha!!!!Comment
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Bears and Ravens!
Spike, Runner,
It's about time! Running around here in that bull outfit with a bear market on hand. All I can say is, "Where have you been?"
Runner, you look great in that wicked Raven outfit. I think it calls for a little Edgar Allen Poe: "whose that knocking, knocking on my front door?"
Now, my dear friends, you look like a pair who could use a little $.10 advice from a $.10 investor: so here it is . . . .(drum roll please):
BUY FDG TOMORROW AT OPEN.
REPEAT: BUY FDG TOMORROW AT OPEN.
Did you get that?
Why? Because the divy is going to rise from 5% to 10%, and that means they are going to pay approximately $7 per share dividend.
(I hope you all take this in a good natured way, as I meant it to be friendly).
God bless you!Comment
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ELN short.
Sets up for another short. The gap is resisting, the channel is resisting, and it still has that SHS target of gap fill down at 21.40 that isn't going to just disappear into thin air well, at least while the 30.45 high resists. The edge is short right now, so caution longs. Gonna try for intraday short at an appropriate point of resistance.
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My present brokerage account doesn't offer that option, but within a couple of months, I'll be opening a 2nd trading account that will offer shorting. I'll be ready to start shorting soon.Originally posted by spikefader
Ain't it great. Hey Webs, ever worn a bear suit? By that I mean shorted a stock or bought put options? Good time to do it now I reckon. I'm about to post an ELN short setup and I'll be going short that if the opportunity presents itself.Comment
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Spike:
Have been watching LOJN. Looks like a breakout of a consolidation. What do you think?Comment
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Spike, if you have some time, could you give me some insight on Titan Int'l (TWI). It's my only remaining stock (90% cash), and it seems to be holding strongly vs. a weak market. Should I be concerned about its low-volume advance during the latter half of December, or do I write that off to Holidays?
It looks pretty good to me right now, but there's always the possibility I'm missing something. Thanks in advance.Comment
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