Skiracer's stock slopes

[Runner]

NB here is a possible target with stop on AMLN

[New-born baby]

Thanks, I needed that

Runner,
Thanks. I needed that.


Thanks for the target. Where did you get the fib calculator? I'd like to pick one up myself

[Runner]

I use this


then I go to Nasdaq.com for the other calculator

[Runner]

Remember that is simply just my target. We all know how these targets could fumble on the field. Max pain would be set in stone and I’d give it only 2.6%. I’ve been burned playing with my stops and now they are set in stone as for me.

[Runner]

NB here is a link from Forbes. http://www.forbes.com/markets/2005/0...rtner=yahootix

[skiracer]

I don't own any of the Canadian Oil Trust stocks and probably should for the dividend payouts but here's what I think purely T/A without any basic fundamental knowledge of them.
I have to put up 3 charts that are very much relative to one another and present quite a phenomenom when you see how closely they track and perform together. The first two are OIH, the oil services Holder, XLE, the Energy Select Services SPDR, and last BPT. They are all the weekly charts but the daily and the 15 min. for each are remarkably the close to being the same trending track.







If oil, energy, goes up or down BPT will certainly track almost exactly the same path that the Holder and the SPDR do. Will oil go up or down from here is the question.
On both charts of the HDR. and SPDR look at the last candle on the weekly charts. Indicative of sellers not being able to keep their momentum over the course of the week and they are saying that buyers are coming back into them both. Both are at all time highs right now and this last week they both sold off. But all three are in the handle formation stage of a cup with handle base with BPT the lesser of the three. My opinion is that oil is going to start back up soon as the Fall and Winter heating season is coming up. Add that to the volitaile geo-political situation in the Mid-East regions and the chances of a terroristic act happenning and oil could easily go off the scale.
Technically speaking I think oil is going to go back up in the short term and definitely over the longer term. BPT will definitely follow their lead. Take a minute and look at the daily and the 15 min. charts for all three. Amazing how close all three charts are to one another.

[New-born baby]

Thanks!

NB here is a link from Forbes. http://www.forbes.com/markets/2005/0...rtner=yahootix

Runner,
Thanks for the link. Forbes likes it--that's good. If she hits the $20 as I expect, BJ probably will be looking strong if he doubles up.

[New-born baby]

Thank You, Ski

Ski,

Incredible! BPT and the XLE charts are basically indistinguishable. I hold BPT, and it has a nice divy. I'd like to see some nice price appreciation to $75+.
I do not think oil is going down much lower than $58.

[skiracer]

I agree. I don't think that oil is going to go below 58 range from this point. Don't OIH and XLE look to be forming a handle. Not classic handles but the early stage of a handle on both. I thought all 3 were remarkably the same. Hope it does well for you. I think it will go up. Boy that's a nice divey.

[New-born baby]

Canadian side

Boy that's a nice divey.

Better divys across the border. 15-17% divys are common. This one is only 8.57%.

[skiracer]

Just came across this site today. You have to check this out. www.chartfilters.com.

[nwinvestor]

Just came across this site today. You have to check this out. www.chartfilters.com.

The site address is www.chartfilter.com ------no 's' on filter.

[skiracer]

Sorry about that. Didn't realize I added the s. My mistake. Did you get a chance to look at that site. I thought it was pretty good and took the two week trial just to feel it out and see how it flys.

[skiracer]

Drutzen, MTM, and Runner have sent me private messages an I never answered them or read them because I didn't know that I had received them. This morning for some reason I saw the private message link under the Welcome Skiracer thing and clicked it for the hell of it. I didn't know this option was available. I must apologize for not responding to those messages as I didn't understand that they were there until this morning. Sorry guys, I would never do that on purpose. Thanks for taking the time to do that for me. I'll be watching for them from now on. I'll still have to learn how to respond to them which I'm sure is quite simple for me since I must look like a simpleton after this. Thanks again.

[drutzen]

Ski,
No worries, it is kind of hidden at the top.
Dru