I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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And look, I know I have no chance of winning this thing with GooG. If the stock dropped $30, that's less than 10%, and that isn't enough to win. But I am hoping to be in the green, at least.
thanks, man, do you see the brkout setup with FTD?
You're about my age, I believe. I took in the Steely Dan concert (w/ Michael McDonald) last night at the Aladdin in Vegas. Great show, better arrangements than in their show of about 2 years ago. ("Goin' to Lost Wages..")
Not going to take GOOG short today. NEM short instead. Thanks.
NewB, I think you made a wise switcheroo. But don't forget, Spike's still predicting EBAY to fill the gap to 15.87 on Nov. 13, 2002.
And unless I'm mistaken, he still believes that 70¢ MFLX gap from Nov. 2004, when it went from a high on the 8th of 12.85 to a low on the 9th of 13.55, will fill also. (It came within $1.22 of filling on May 5, 2005.)
While I have my doubts about either of these gaps filling, I'd say the likelihood of the latter is easily many times greater.
Question: in technical analysis, is there no "statute of limitations" on a gap-fill expectation? Don't the odds of a gap-fill occurring diminish in time until they eventually approach virtually zero probability?
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