Runner's Rascals

[Runner]

[Runner]

Here is my guess NAS going to 1985

[Runner]

I have not looked into these, but this is my initial short list for next week

BAY CARS AD CVAL FRGB MDU AF CNP IMH MTLM NU PRGO VPI

[spikefader]

really like BAY short.

[Runner]

I was thinking BAY might offer best risk to reward ratio, thanks for your awesome chart Spike. Some of my others would be possible day trades.


Most on this list do not look very good, but I’ll monitor anyway and watch for long signals. I have been working on my scans and trying too fine tune them.

AWF AMTD AU BEAV CY FIC FWHT FRED BTO HELX ISTA LUB NARA PEGA PLCM RGLD SNIC WL

[bec1nj]

Muchas gracias

Thanks for the education on all this, runner.
Bruce

[Runner]

Might it be possible too see a slight bounce in the market next week followed by some more selling? Could happen, I’ll be watching the nas 38- 50% and monitor for a nice spike low signal across the indices. The nas 50% level is just a tad above the 200 dma. Be careful on the long and short side. Still think we are in a trader’s environment and will grab smaller profits and head for the sidelines. Maybe things will stabilize after earnings season. The Bears will make a huge push too drag the Nas under the 200 dma. Bulls must step up to the plate and they better do it quickly. Start monitoring your watch list for stocks setting up double triple bottoms, or other reversal signals. The turn may come when everyone is still bearish and that is when the smart money will be loading up at lower prices. Remember in the market the crowd is often wrong!!

[spikefader]

I was thinking BAY might offer best risk to reward ratio, thanks for your awesome chart Spike. Some of my others would be possible day trades.


Most on this list do not look very good, but I’ll monitor anyway and watch for long signals. I have been working on my scans and trying too fine tune them.

AWF AMTD AU BEAV CY FIC FWHT FRED BTO HELX ISTA LUB NARA PEGA PLCM RGLD SNIC WL

lol oh, when you said 'initial short list' I thought you were looking at them all as shorts. BAY was the only one I liked out of 'em and I thought, some of these look like great longs! haha So they were all on your short (i.e. brief) long list? Amazing how the english language - and only one misinterpreted word - can confuse and befuddle! hehe

[Runner]

Spike sorry for the confusion

Short candidates
BAY CARS AD CVAL FRGB MDU AF CNP IMH MTLM NU PRGO VPI

Long candidates
AWF AMTD AU BEAV CY FIC FWHT FRED BTO HELX ISTA LUB NARA PEGA PLCM RGLD SNIC WL

[spikefader]

lol so I confuzzed meself then!

[Runner]

The Naz is attempting to bounce off the 38% fib-line (2023) doubt if it will hold, but we will see in just a bit

[Runner]

[Runner]

Well the AD chart paints the picture, pretty clear how the odds do not favor longs at this time. Notice the up down volume, pretty awesome right? How about those new highs on the NAZ lololo

[New-born baby]

Will support hold NAZ up? Nah.

Runner,

The tech heavy NAZ is going to continue to get pounded, I think. Perhaps 1760 won't even hold. I say this because the semi-conductor companies have too much capacity at this time, and perhaps a recession is setting in. In any case, RIMM, TZOO, YHOO, EBAY, the SMH, are all overbought, and are going to continue to get hammered down. Short 'em and smile. Short BBY and watch her fall to $20. Get on the right side of the market.

[IIC]

1760!!!!....YIKES!!!

I don't think so...1971...then 1925(Which I predicted mos ago)...But sub 1800??? I might just quit...LOL