Hot Pick Of The Day

[New-born baby]

Arrs

Here is the weekly look @ ARRS..

Nice ascending triangle breakout.

[Runner]

NB, last one for awhile this is a weekly of ECIL. I’m moving into lurker mode on this forum

[New-born baby]

Ecil

NB, last one for awhile this is a weekly of ECIL. I’m moving into lurker mode on this forum

ECIL is beautiful. Nice find.
Runner, we hate it that you are moving to lurker mode. Don't be gone long. And good trading to you.

[New-born baby]

Point and Figure

Today's point and figure on the NAZ:



Remember when I posted this chart? It says we have a ways to go before we find a bottom. Selah:Think about it.

[New-born baby]

Bmhc Review

Here's a look at yesterday's action on BMHC (Oct 4):
She hit the $99 resistance level and collapsed. Hit very hard by profit taking. Major red volume. I think she moves back down below $90 for awhile.

[New-born baby]

Sub $90 today

Took only one half hour to realize my target of sub $90.

[billyjoe]

New-born,
PCU at 56.02 now 56.06 when to get back in?

billyjoe

[New-born baby]

Not yet

New-born,
PCU at 56.02 now 56.06 when to get back in?

billyjoe

Support is $55. (More exactly, $54.80) WAIT (IMHO). I would think that she might drop back into the $55 level this afternoon. I don't know. If you want back in, she's $56.11 right now. You could jump in now, or gamble that this afternoon she sells off more.

If you look at the weekly, PCU is forming a cup. Yesterday, it touched the previous high of the last two years at $61--and sold off. I think the stock will retreat back to the $53.80-54.80 level sooner or later. I don't think you'll miss the boat by waiting. The market conditions--if you needed anyone to tell you--are BEARISH. See all the garbage charts I've been posting lately?

Here's a chart with comments:
And note she has already hit the inverted s~h~s target.

[New-born baby]

Archie to return to 60's

That's right: Archie is coming back.
No, No, No, WEBS! Not Archie and Veronica and Betty! ARCH COAL. Yes, it looks like it is returning to the $60's--i.e. $60-61 level.

[New-born baby]

Forget it

BMHC: I think $78 is in the cards.

[spikefader]

Hey NB! How are you this fine day?

Umm, may I perhaps disturb you and pull you out of your geriatric clinic for the incurably senile for a few moments please, sir? I need to wave the 'TA vs FA' thread before your forgetful eyes and remind you that you are, in fact, part of the TA team. A captain can only endure so much mischief from his team, and this one would like to at least have you bear witness to the events that will unfold over the next 2 1/2 hours of the trading day. You see, absent my team and with the undying competitive spirit God blessed me with, I was forced to make a senior level executive decision to sell all of our losing positions, including that dog BTU, no offence, and put the TA team in a position to win this 2-day farce. Anyway, in short my absent-minded brother, I have loaded the boat with ABAX in a single 100% position and currently looking around the room over there for not only a token hello from you all, but perhaps even some team support and sportsman like banter between us all. I think it's the only thing that will keep me from getting my feathers ruffled any more than they already are, old buddy, old pal. So, how's about we pack your bible and these scraps of budding charting brilliance you have here strewn all over the floor, grab your walker frame, and your oxygen and head over there to take a box seat for a potentially imminent ABAX rally that may just give you reason to crack open that old dusty bottle of Dom Perignon you've been hourding since your ordainment.

Oh, and invite your senile buddies skiracer and dmk too will ya?

[New-born baby]

BIllyJoe

Billy,
Watch PCU take it in the chops this afternoon. Between now and close PCU is going to be under rocket attack.

[ForeverInvesting]

Kbh

See chart below.

[New-born baby]

Great chart

See chart below.

I am short KBH and HOV. The other day I covered my shorts, and yesterday and today re-entered short on these positions. Excellent chart work.

[ForeverInvesting]

I am short KBH and HOV. The other day I covered my shorts, and yesterday and today re-entered short on these positions. Excellent chart work.

Thanks for the complement. I did not reshort HOV from where covered last week, but I am still holding KBH from two weeks ago @ $71.76. I know I should have reshorted HOV, but I was not paying attention to HOV. I could have gotten a better price on KBH, but I did not hold off long enough. I am happy with my decisions since I know there is always another trade just around the corner.