Hot Pick Of The Day

[Runner]

NB, on ARLP I come up with 1st degree target on 75.70 off the 54.87 low (meet target). 2nd degree target I come up with is 88.58. Confirmation signal for market structure will be if it clears 76.60.
I’m bullish on ARLP as long as last MSL 72.40 holds and it moves thru 76.60 with some volume.

Notice also how the market in general has been lacking the volume. Maybe all the big dogs went to the Hamptons for the Summer!

Note the N days ARLP pulled back from the 80.07 high. Same with MRVL. I got the formula in my office ya can plot a time line from MSH’s and MSL’s and come up with N days to keep you eye on for a possible reversal. I have not used this but with MRVL and MCD and so we shall see.

Max time line from market top to bottom is N32. That does not mean you buy on the 32nd day. It simply means keep your eyes open for a possible reverse on volume and price. If you enter at this time you are considered a anticipatory buyer and most of these guys don’t play with the stock. Once they spot a possible MSH they sell. They will then either short it back down or wait for another set up and go long again.

[Runner]

ARLP:

[Runner]

Runner:
She looks good to go. The daily and weekly agree: must break the $20
resistance line that she is at right now. But look at the volume! This thing is hot, and in my mind there is no doubt that $20 resistance is going to collapse in the face of charging bulls.

Here's the daily for 3 months:


Here's the weekly:


This thing broke out of a shallow saucer formation with great power. I think she has gas left in the tank.

NB, this thing is a live wire!!!

[Runner]

Closed MCD for 1 point. Did not like volume and action at 29.00

[tokyojoeskid]

lenf.ob

Glad I didnt give up on this one, up today on huge volume
LENF.OB

[Runner]

SIRI hits 2nd degree wave target!

http://www.mrmarketishuge.com/showthread.php?p=19536&highlight=siri#post19536

[B.J]

Runner:
She looks good to go. The daily and weekly agree: must break the $20
resistance line that she is at right now. But look at the volume! This thing is hot, and in my mind there is no doubt that $20 resistance is going to collapse in the face of charging bulls.

Here's the daily for 3 months:


Here's the weekly:


This thing broke out of a shallow saucer formation with great power. I think she has gas left in the tank.

Dang if you didn't call that one. Thanks for Sharing Newborn! I bought near the open (20.73).

[New-born baby]

Great news!

Dang if you didn't call that one. Thanks for Sharing Newborn! I bought near the open (20.73).

Wonderful news, BJ! Hope you make the big $$$$.

Don't be afraid to throw some stocks up on the board for a chart.

[B.J]

How about my old favorite ERS? Broke out of a downtrend on Friday, followed through today (actually eclipsed recent 10.39 high). In at average 9.07. Should have bought mid to low 8s, but I'd rather make sure a stock is bouncing, and usually buy a bit late.

I'd like to hear the braintrust's prognosis!

[New-born baby]

Nice day for a Cruise.

How about my old favorite ERS? Broke out of a downtrend on Friday, followed through today (actually eclipsed recent 10.39 high). In at average 9.07. Should have bought mid to low 8s, but I'd rather make sure a stock is bouncing, and usually buy a bit late.

I'd like to hear the braintrust's prognosis!

Here's the daily for the last three:

In short, enjoy the ride, BJ.

[B.J]

Newborn, any comment on VPHM's reversal today? Looking like a top (if only temporary).

[New-born baby]

Yeah, looks like a top

Newborn, any comment on VPHM's reversal today? Looking like a top (if only temporary).

BJ--
Looks like a top formed today. Look for lower prices tomorrow. . . .

[Runner]

My 2nd degree target on VPHM was 8.11 from the bottom of 1.67.

[skiracer]

Sell into strength and buy on the weakness. That is pretty much what happenned today. Big volume on the drop though. I just can't see it going back under 8 from here.

[New-born baby]

Get SIRI

I need to be honest: I have never liked SIRI. I have never listened to it. I do not like Howard Stern, or some of the other immoral types Mel has signed to broadcast their filth to the youth of America. Because of my distaste for the product, I have not liked the stock.

So here's a look at today's action:


Speaking of GooG, this thing is not done! I expected a shoulder-head-shoulder to form, but no! A nice solid base is forming. GooG is setting up for higher prices!