Hot Pick Of The Day

[New-born baby]

Double white hot

Ninner,

Here's my take on GooG. She's hotter than a firecracker. Channel targets $270. That's right. On both the daily and the weekly. I am not afraid of its current drifting higher on lower volume. I would say that is pretty much normal for it. You have to understand that there are no sellers from above. By this I mean that no one has paid more for the stock than it is currently selling for. No overhead resistance.

But when this thing breaks, I look for a $100 drop in a month. That ungodly gap will get filled. The question is just when, not if.

Click on image. Then click again to enlarge.

Ninner,

GOOG closed at 255.45 today. I told you $270 is in sight.

[ninner]

yah you were totally right and i think its going way past 270....esp if it gets included in the s and p .....i think 350 is in sight. im glad i held onto half of my shares.....i hope it pulls back cus i will load up!! What do you think of cvh...i think its forming a double bottom pattern and it looks like a pretty constructive pattern to me....what do you think???

cheers

[New-born baby]

Cvh

What do you think of cvh...i think its forming a double bottom pattern and it looks like a pretty constructive pattern to me....what do you think???

Ninner,
I think today is an important day for CVH. If it drops lower today, it could be
forming a descending triangle. That is bearish.

Click on the image for more bile. Click again to enlarge the bile.

[New-born baby]

CVH Down $.81/GOOG up $6

Ninner,
I think today is an important day for CVH. If it drops lower today, it could be
forming a descending triangle. That is bearish.

Click on the image for more bile. Click again to enlarge the bile.

Ninner,

Do you hold CVH?
It is down about $.81 as I write at :20 CST. I do think she is forming a descending triangle.

Man is GOOG HOT! What a daytrader's stock!

[New-born baby]

Cvh

Ok, Ninner,

Here's more bile. The chart below says she's going to head down for awhile. She has hit resistance 3 times in the last 4 days, and cannot punch through it. I think she is going to pullback to the $64 level again. Today's bearish engulfing candle--on higher volume, no less--is a leading signal of a short term trend reversal. By shortterm, we are talking 3-15 days in length. The current trend has been up. But today's candle says that she's going backwards for the next 3-15 days. Personally, I think she'll find support at $64 again. But be aware that CVH is working on a descending triangle, which is bearish. When support fails at $64, she can tumble hard into the upper $40's. And don't forget, that a bearish engulfing candle that occurs on higher volume has more power. So be on guard.

Click on bile filled chart; then click again to enlarge.


You could daytrade this baby both ways; up, and then down. My question is: why not?

[New-born baby]

GooG:could crash and burn

Ninner,

A little friendly warning to you in this chart. My opinion is that GOOG just had a blow off top today. That means a trend reversal to the downside.

Click on chart, and then click again to enlarge.


The daytraders are having a ball with this baby. Huge volume. It's the new TASR. By the way, TASR was up $.60 today, to $11. It was $128, and a few days ago $8, and is now having a real resurgence. Once the daytraders get bored with GooG, she'll come down. It will take several months, but it will happen.

If one shorted the GooG today at $265, he would already be $9 ahead of the game.

If you want to see what a blow-off top does to a hot stock, check out FDG. It hit $106, blew up, and is now less than $86 (was $73 last week).

And please don't think I am rooting against you, Ninner. I am just showing you the chart. "What it is, is what it is."

USPI looks great, doesn't it?

[New-born baby]

Uspi

Ninner,

Here's the nice chart on USPI.

First target $50 Second target: $55.



And maybe--just maybe--USPI may have more upside. But we have to evaluate her on a daily basis.

[spikefader]

Yep, concur on GOOG. This is the channel I'd be using.

[ninner]

no i dont take it personally, yes i hold cvh, as well as uspi, tol, goog currently......actually im in quite abit with cvh so i have been thinking about taking some profits which i may do tomorrow, volume today for cvh was quite high on a down day like this so that is abit worrisome....i ll have to think about it more....i would like to volume dry up for uspi and base abit before breaking out...google is a tough one....i agree that gap has to be filled however, i dont think it will fall past 200 and with blow out earnings coming if it falls im betting that it will go back up again pretty fast!!!

cheers

[New-born baby]

Best wishes to you

Ninner,

I understand. Only the best to you. Meanwhile, I'll post my bile for your consideration.

Okay, I can't resist. Don't let your profits get away, ya hear?

[New-born baby]

CVH getting Hammered down

CVH dropped $1.12 so far11 am EST. Descending triangle.

[New-born baby]

Cvh

Here's the latest:

[ninner]

yes good point....but where does it go from here.....i went to i watch today and over 70% of today volume was institutional driven and good buying support at 66.50. I believe strongly today was a accumulation day, however it will be interesting to see if it can hold support....i did sell a large portion for a small profit...(i felt i was too overweight in stock that im not sure what it is going to do) however, i still have a small pos in it incase their is still abit of upside!!!

cheers buddy

[New-born baby]

Cvh

yes good point....but where does it go from here.....

cheers buddy

Ninner,
If it is a descending triangle, then it goes down. It goes down into the $50's.

I want you to make money. But CVH is showing a definite pattern of distribution.

What's your brokerage firm? IB?

[ninner]

hey newborn.....ya your right that is why i took most out today out of cvh.....after looking at it closer i see that descending triangle plus there are faults with the overall pattern. Good call!!! Im trying to run a screen of beat up stocks however, the company is still healthy!!! Im looking at elos....what do u think?? Also that opwv looks pretty promising....i think you mentioned that one last week....i may go into that one