Hot Pick Of The Day

[New-born baby]

Newborn, having looked over many charts I’ve noticed the power on lines. I could suggest a book that does mention it. In fact this book is what I’ve tailored my trading from. “Secrets of the Underground Trader”, by Jea Yu and Russell Lockhart. Site is www.undergroundtrader.com. I think this book has opened my eyes, but so has the Elliott Wave book, however EW requires more extensive training.

How was the bear/bull line drawn?

[skiracer]

What entry do you want? You sold half at $38.50. Do you want to know where you SHOULD have purchased? At the second retest at $36.70.

Here's the WEEKLY on HOC. Intraday, it looks great. But the weekly calls for $50.

1st Target: $45
2nd Target: $50

I looked at the weekly on HOC. The stock looks pretty good. Has been climbing steadily. Pretty good chance of some consolidation of those gains pretty soon. I would wait for that to happen first before considering an entry. You seem pretty sure it's going to 45 or 50. What do you base that on? I can see the stock going up more but that's 12.5 more points approx. from it's close on Friday. What's the time frame on $45 or $50. I would like to see what you base it on in the weekly chart.

[New-born baby]

Here's how

I looked at the weekly on HOC. The stock looks pretty good. Has been climbing steadily. Pretty good chance of some consolidation of those gains pretty soon. I would wait for that to happen first before considering an entry. You seem pretty sure it's going to 45 or 50. What do you base that on? I can see the stock going up more but that's 12.5 more points approx. from it's close on Friday. What's the time frame on $45 or $50. I would like to see what you base it on in the weekly chart.

2nd target calculation:


1st target calculation:


Reality check chart:


Time frame: I don't know. I am just giving you Dow Theory off the weekly charts I am not aware of any kind of theory or teaching that can tell how long it will take to reach targets. That is in the domain of God alone.

[B.J]

Thanks Newborn! Lots of excellent ideas.

[ninner]

HEY NEWborn what do you think of usak???

cheers

[New-born baby]

Monday, 6 June 2005

Here's a D-Day pick:

Meets the criteria for a double bottom, and looks like a nice swing trade to me. Entry: $45.20 on + volume
1st Target: $47.50

[New-born baby]

Usak

HEY NEWborn what do you think of usak???

cheers

Ninner,

Sorry it took so long to answer. Just too busy last week to do any MM much at all. Here's a chart:

USAK has much potential. It is working on a cup with handle, and may
be a very good winner for you. If you are aggressive, and like to hold for a couple or six months or more, you could enter at some pullback. Otherwise, it needs to break resistance at $26.50

[ninner]

no worries newborn.....i figured u were busy as i will be this week. it caught my attention last week like you i think it will correct abit here...but i have it on my watch list

cheers bud

[New-born baby]

Ngps

I am moving my posts about NGPS over to my thread. Here's a chart of today's action:

The pullback today is not surprising. I hope the pullback is done here, although it may pullback more deeply. Yesterday's $4 gain couldn't stay unchallenged by the bulls. Target remains at $32.50.

[B.J]

NGPS moving! Congrats, Newborn!!

[New-born baby]

Thank you

NGPS moving! Congrats, Newborn!!

Thank you,BJ.

Here's the chart with today's action:


What we see happening is the formation of a continuation pattern for NGPS. The pennant that formed after the sharp increase in price Monday signals a continuation of the current trend is ahead.

It is well that NGPS forms a base here before moving higher. Target remains at $32.50.

[Runner]

FUEL did awesome today. I think it would count as a hot stock of the day!

[New-born baby]

Fuel for the Soul

FUEL did awesome today. I think it would count as a hot stock of the day!

Runner,
She ain't done yet, either.

[New-born baby]

NGPS: Friday, 10 June

I think tomorrow she spikes upwards, perhaps near $1.

[Runner]

Still looking @ LTON and DSTI. missed DSTI but LTON is coiling up like a snake. NGPS is doing the same!