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WEll the market sure bounced today...this market is psychotic! I was looking for a breakdown but got the total opposite. Will look for a follow-through tomorrow if not then we just got a dead-cat-bounce.
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It owuld be nice if we had a strong bear or bull market. Then we would know whether to buy em' or short the S.O.B's.Originally posted by dmk112
Look at the bright side. Because of the fact that we're having to work so hard to make a profit in these market conditions, we will become better traders. Therefore, when we do get a very strong or weak market, we should be able to make a killing.Comment
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Originally posted by dmk112
WEll we got a nice bounce here...I'm targeting 2170 on the NAZ... I do like some sector action...DISK DRIVES!
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Here are the components: ADPT ADIC FLSH HTCH IOM MXO DSS STX SNDK NTAPComment
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Some other sectors that look good:
Brokers, Semis, Utilities, Telecom, InternetComment
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SNDK has had a nice runOriginally posted by dmk112
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I have noticed a lot of Telecom stocks hitting my screens over the last week, same with Utilities and Internet..Originally posted by dmk112
I might need to take a closer look into these few!!Comment
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This is the HGX-X Phlx Housing Index. It does appear that the index has a floor of support here. Now the next Bull task for this index is to take out 553. I also think that we might be entering a zig-zag formation in EW. If this is the case I’d expect a ABCDE to play out. However if the current support is broken I expect the index may move down to the 486 level rather quickly.
I don’t see a long play or short play yet. Might be best to just let things play out before playing the homies.. IMO.. One plan could be to go short if current support is taken or go long if the 553 area is taken with some power..
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This is what I would have like to have seen.. HOV's chart was able to put in the ABC, now what??
HOV
Last edited by Guest; 10-01-2005, 10:15 AM.Comment
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Originally posted by RunnerQQQQ
Well we did bounce on the Q’s and almost hit the bull task near 39.54. The STO also bounced off the oversold condition. Notice over the last days how we has 6 up days. I guess one could dispute the action but it has regained some of its ground.. Important development on the Q’s is that it has reclaimed the 50dma. Now it would be nice to see an awesome volume surge to the upside. I could see how one might have played the "c" wave off the MSL, but still standing by here..
Last edited by Guest; 10-01-2005, 03:12 PM.Comment
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Originally posted by RunnerSNDK has had a nice run
There she goes again!!Comment
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Originally posted by Runner
Rail stocks still looking good
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Runner,
Two groups with big moves : Building Wood Products , Electrical Parts Distributors any individual stocks here that stand out?
billyjoeComment
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