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Originally posted by spikefader
I am raising cash at this point.
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I'm short from the opening gap. It's not looking good (for longs). The COMPX hit the 2230 and bounced as I suspected. If there is no turnaround in the afternoon, this rally is DONE and we are heading back down. IMO
I am raising cash at this point. -
Ya dmk, you may be right. Out for -20 on that add. I'm still stalking long but SHS there, and descending triangle and gap n crap very possible. My system still on the bullish side, but this has a potential to lag, so we'll see how wrong it can be. I got some wiggle room on the 10626 average for the other 2 YMs.
Good luck with that gap play!Comment
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Seems to be holding 2220 just fine... right now anyway.Comment
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Added to YM again at 10747. 30 point stop.
EDIT: stopped out even for this aggressive entry. Will stalk again.Last edited by spikefader; 11-18-2005, 03:28 PM.Comment
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We have a Slime of the Swamp Superstock!!!!!!!!!!!!
CE takes the title this week. SCG cut today for -0.5% on 7 positions.
All transferred over to CE which now is fully loaded and the SlimeSuperstar.
And it's fully loaded and ready for a nice dump for a gap fill 16.74 and below gap of 11.47. Gee, wouldn't that be nice.
Anyway, despite it's weekly positive money flow, the daily looks like it's vulnerable to 8.00! Risk is -4% average so the r/r is 25 which is wonderful.
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Bulls surely gotta party this weekend!
Anyone in any doubt as to whether bull is alive and well? I'm not. dmk played the gap today, attempting to time a top that really showed itself as possible with the formation of the dow SHS and descending triangle break down. Even I was seeing the writing on the wall.
It was a very good attempt to catch the top dude, so bad luck. It's bull in yer face time at the moment, and I'm happy to say I'm on the right side of it thanks to my trusty Vector and amazing intraday futures system that has me holding tight to YM swing long at +308 points. Almost nailed that third add too but alas
So..............Bears step forward please to have your heads read. Anyone remaining bearish after this week I suggest you go contemplate your belly buttons and reconfigure yerselves. Cuz weez be going North on the gravy train dudes. I've got a 3 bagger in GOOG calls cashed in to prove it Shoo, 3 bagger in 7 trading days dudes......that's bull proof for ya. Definately worth uncorking a nice red over that one. And my Q calls are nicely +80% too. Where are my Shades! The future's so bright! OK OK, enuf of that mess.
What else to report? Oh ya, Cream of the Crop proves it can make money - in more than one way of playing it.
And Slime of the Swamper CE can even raise its arms in defiance against the bull, making green figures since yesterday and poised to drop, shock, and smell up the place. Even in a bull market there are stinky slimy ones that'll reward on the flip side to market bias.
To sum up, I'm fully bully going into Monday with Vector solidly bullish and that longer-term VIX/QQQQ chart I posted about without question bullish and falling from the averages. Perhaps even POTW can turn a profit next week
Good weekends all.Comment
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Congrats, Spike!! Big time 3 bagger.
Is that fully bully or "Wooly Bully"?
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Originally posted by spikefader
We did have a nice close today, looks promising. Next week will be the test.Comment
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Greetings,
I cant believe I played this one again,
To me it looked like it was finally breaking out,then back to nothing on the day.I notice that highs are slowly rising,and lows are rising faster.If it ever breaks upside would 13 be a reasonable target?
I jumped in at 8.49,only to have it tumble in the afternoon.Im setting a stop at 8,with the hope of 12+,not a good RR,but impatience gets me everytime on entries and exits.
The 2 year weekly looks interesting,this was a 20+ stock not too long ago.Any thoughts?
cordially TomComment
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Spike read your post on Billys ten cheep stocks who Is Joe 6 pack?Ray LongComment
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GOOG is touching upper channel. Very interesting how the theory will turn out on practice with GOOG... http://us.news2.yimg.com/us.yimg.com/p/fi/pr/62454.gifOriginally posted by spikefaderComment
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lol well don't get too excited dude. If ya ask me, 'nice' is an understatement!! Those intraday pattern failures were HUUUUUUUUUUUUUUUGE. As was the bullish price action last three days in the face of bearish daily candles at resistance.Originally posted by dmk112
But it's sure been a test for bears lately; a test of their patience!
But what is it with the bear/neutral thinkers at this forum lately??!
dmk, I thought you were gonna be a bull after COMPX pushing up through the 100/200 EMAs back when we were joking about this pic:
IIC, where do you stand on the bull/bear equation? I suppose looking for a pullback to the 50??
Who are the belly-button examiners out there? Any soul searchers? Any lessons to read? Any big educational revelations while reconfiguring?
A wise trader one day said, "You don't have to be smart to make money; just cut your losses short and never give up". Smart dude that guy.
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Hi mooddude. What theory are you speaking of? Trendline resistance theory it would seem. And there's really no one-sided theory on that subject. Least not for me. It's merely resistance dude. And resistance ALWAYS is at risk of being broken, and ALWAYS at risk of holding. There's no certainty in a trend line. Never was, never will be. It's just a line in the sand. Perhaps all it is is a graphical reference point for me to either a) sell it with a nice r/r setup so if I'm right I get the bigger reward, and if I'm wrong I get the smaller risk. Yes, it will be interesting to see what happens. It will speak to anyone who uses that as a tool. I don't use upper trend lines so much as upper reg channel lines. But you'll recall that I call an upper tag a profit-taking region, and if price breaks up through it, it's a boom.Originally posted by mooddude
The whole point I'm trying to make is 1) great work for spotting the resistance and 2) It's only resistance until it isn't.
Good trading dude.Comment
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