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SYX: look like a sloppy triangle, may be worth a watch.
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Yep, I change pretty quickly and regularly between bull and bear. Just a monkey at the wheel. If Vector is bullish; I'm bullish. Eventually, I'll catch the turn that will trend good and hard. Qs still showing that distinct 12345abc c entry potential right there at last week's low of 34.59. Volume by price on the weekly 3-year chart showing support at current levels. I'd be very pleased if it gets bought and flys north pretty quickly so I can let a couple week swing turn into a lovely multi month swing. For now bulls can breath easier imho and there is a wonderful chance for some very nice bullish action in months to come - but if c fails, expect me to be warning longs again.Originally posted by dmk112
At this moment in time, I'm seeing the distinct potential for bullish week. Doesn't look like there was a poll this week so I don't know where our contrary indicator stands.....Comment
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OWENQ in review:
Here's the posted entry: http://www.mrmarketishuge.com/showpo...postcount=3291
Channel long was around 3.55. S2 was a few pennies lower. Ambush it; 38% profit in 3 days! How can you not like channels! They work I tell ya.
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Way to go Spike! 38% ain't bad!Comment
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wow spike
congrats on your call for owenq. Truly a master piece. Rembrandt would be
proud.Comment
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Originally posted by spikefaderOWENQ in review:
Here's the posted entry: http://www.mrmarketishuge.com/showpo...postcount=3291
Channel long was around 3.55. S2 was a few pennies lower. Ambush it; 38% profit in 3 days! How can you not like channels! They work I tell ya.
Nice, Missed that sucker! I did pick it for my portolio of the week though...haha
I think it went up today on some type of news so we'll see where it goes.
Spike, your thoughts on ALDA. Its up in afterhours and I'm thinking of pickup some in the morning. What u think?Comment
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Yes, great choice going with it for the comp
The test will be tomorrow when it hits the channel. Good place to sell it and wait to chase the turn up.
I like ALDA long. Ascending 20-day triangle, channel turn up you can chase at 20.80 or better. Logical stop is under the ascending line at 19.00 which is an ugly 8.6% risk. You might want to wait a few more days for the triangle to tighten so you can reduce that risk as price squeezes towarts the apex. You are just not guaranteed price will act the way you want it to. It might take off before then, which is why chasing channel turn ups is good. The downside of that strategy is the risk element and your stop. In the recent past, ALDA channel turn ups have been good for a couple points, so the stock seems to respond well to them.
But bottom line is the R/R. 10% gain for 8% risk just aint good enough in my books. I prefer them like OWENQ, 40% gain for 2% risk. See the difference?
The first is high risk, low return; the second is low risk, high return. Which to take? Answer is a no-brainer
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What's this Spike...Bullish???
I think the GDP report in the morn will have a big effect one way or the other short term...I'm Wishy Washy...I mean Neutral...IIC
PS: Gotta love WITS"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
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I stopped out at 5.40 this morning wait for little pull back may get back in. U Spike?Comment
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OFG Hammered!
Spike,
You looking at OFG today? The market has been open one hour, and she has been hammered down $5.60! Ugh!
And while you're at it, check FRO. It hit $43. Now we get to find out which way she's going to go for the shortterm.Comment
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RE EOC, double top confirmed @ 22.20. Let's see how far it will go!Comment
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