As Web's World Turns

[spikefader]

..Spike, I would be interested in your opinions about the declining volume....So the question is....Is declining volume on a rising stock a bearish indicator or a factor that will not stop the bulls from running?

Sure it can be interpreted that way. But if you look at other charts, declining volume on a bullish stock has meant little....other charts, it's meant a lot. So where do you draw the consistency high enough to be statistically significant? Does every chart showing declining volume lead to a drop in price. No. Sure, it's a thing to add to the list of other reasons you'd be bearish or non-bullish on a stock. If your system has that condition as a rule, then great. But is it in your system? Or is it discretionary? Caution with discretionary trading rules though - it's like a woman's mind (light-hearted jk). One day one thing, the next day another. Does this type of behavior do well with trading? Nope.

Frankly though Webs, there's always gonna be something about a chart that has a potential to make one caution and second guess.

Bottom line: I'm bullish right now for SIRI. The patterns speak for themselves. Patterns work. Charts don't lie. And the whisper today from the chart is SIRI is headed to 12.00 in the next 3 months or so. Pretty nice R/R if you snag a good entry on a weak day like at support.

Don't worry. I'll be bearish on SIRI again soon. But my conditions have to be met first. Right now, I'm a monkey at the wheel just following the signals

[Websman]

Thanks Spike! It's time to try for another entry in SIRI.

[billyjoe]

Webs,
Was reading your comments on IBD and some of those guys scare the crap out of me. One said he's lost over $620,000 in the last 4years or so another was a broker and admits to losing money for 10 straight years. I'm going to be staying closer to the Mr. Market site where it is safer.
billyjoe

[New-born baby]

Hello

Webs,

Found your picture on the net and thought I'd share.

[Websman]

Webs,
Was reading your comments on IBD and some of those guys scare the crap out of me. One said he's lost over $620,000 in the last 4years or so another was a broker and admits to losing money for 10 straight years. I'm going to be staying closer to the Mr. Market site where it is safer.
billyjoe

And to think...I actually made a pretty good profit my first year of trading!
Trading is for those who can think for themselves, not for those who blindly follow Canslim like robots. My IBD subscription runs out this month and I haven't renewed yet. I still trying to decide if I want to.
I think that if I lost $620,000, I'd give stock trading up. Haven't these guys ever thought of putting some of their money in real estate?

[Websman]

Webs,

Found your picture on the net and thought I'd share.

I'm famous!

[Websman]

I'm going bull for next week. I still like DHB and SIRI.
I like Spikes post on ZICA. I may look for an entry in it.
So far this year, I've been playing very cautious. I'veonly made two trades, but I think the time is here to get my feet wet again.
I have a couple hours to research new picks, before I have to go play my gig(yup, I'm a musician on the side)...but that's another, irrelevant story.

I haven't met my goal for a 100% return yet, but there's still lots of time left!

Oh yea...KKD keeps dropping. It's at $7.50 right now. I think KKD will end up being the big turn around story for the year. I'll buy a few shares when it hits the bottom.

MSO is still climbing. I knew I should have bought it when it was at $9!!! Fear was what made me miss this opportunity. FEAR SUCKS!!! I think MSO has more room to go. Martha's new show is going to be a huge hit. I guarantee you that she will come out of prison with a whole new image that will send her popularity skyrocketing. Heck, I'm even starting to dig Martha! You can bet that I'll be checking her new show out along with a few million others.
Long on MSO...

[billyjoe]

Webs,
Do you play country music? Was just listening to Blackhawk, really like those guys, too bad about Van Stephenson.
billyjoe

[Websman]

Webs,
Do you play country music? Was just listening to Blackhawk, really like those guys, too bad about Van Stephenson.
billyjoe

Yup...I was a rocker in my high school days, but the group "Alabama" got me turned on to country. I also found that I could make more money if I played country. By the way, I play drums. I used to play the club scene, but now I only do family oriented stuff.
Anyways, Alabama was my biggest influence in country. I finally got to meet and jam on a couple of occassions with Jeff Cook, who played lead guitar for Alabama, which was cool for me. He wasn't quite as excited as me, but we still had a good time. Jeff is retired and has a house close by, so I still get to hook up with him on occassion.
I've gotten to meet and know a few big names in the business, so it's been fun, but my main interest now is trading and trying to acheive financial independence. I'm not so sure if the financial independence thing is so much about the money as it is the challenge of trying to acheive it. I've found that working to acheive a goal is as much fun as actually acheiving it.

[spikefader]

...KKD keeps dropping. It's at $7.50 right now. I think KKD will end up being the big turn around story for the year. I'll buy a few shares when it hits the bottom.......

The headline reads "The Demise of the Donut"....and what a sad story for investors it has been. Here's what I see with KKD right now. I'm worried the bottom ain't in yet.....and if last week's low fails ...... oh boy.....

[spikefader]

...MSO is still climbing. I knew I should have bought it when it was at $9!!! Fear was what made me miss this opportunity. FEAR SUCKS!!! I think MSO has more room to go. Martha's new show is going to be a huge hit. I guarantee you that she will come out of prison with a whole new image that will send her popularity skyrocketing. Heck, I'm even starting to dig Martha! You can bet that I'll be checking her new show out along with a few million others.
Long on MSO...

Yup. Fear does suck. A ride from $9 would have been lovely.
MSO rang a bell so I checked my charts. I posted here to try for a C entry. Now that would have been a smart entry. Yet again the 12345abc proves an edge. Like I say folks, if you spot a C entry, yell it out!
But I gotta say, it's gettin' late in the game for MSO entry-wise.

[IIC]

Plus...and I'm not really a doughnut aficianado...but I don't think they make a very good doughnut anyway...IIC

[spikefader]

lol - I luv all of 'em....'cept maybe the dried out stale ones. They're nasty. Oh, don't talk about donuts.....I'm on Atkins! Doin' well too. Must have lost 10 pounds already.

mmmmmmmmmmm...........donuts.............

[Websman]

lol - I luv all of 'em....'cept maybe the dried out stale ones. They're nasty. Oh, don't talk about donuts.....I'm on Atkins! Doin' well too. Must have lost 10 pounds already.

mmmmmmmmmmm...........donuts.............

Atkins works great! If I start to get a gut, I always go low carb. It's about time to do it again...

[MEA_1956]

Icor

ICOR === Now this chart has to have a C set up somewhere in it. If the Vol. Comes back do you see an upside here. ===> M.E.A.