EWZuber
1,373 posts
msg #30666
- Ignore EWZuber |
1/15/2004 1:14:54 PM
jthehut
Yes banks doing ok today. Semis seem to be up the most. SOX up 1.77%.
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mika
131 posts
msg #30668
- Ignore mika |
1/15/2004 4:50:22 PM
TxTrapper,
That was me. And I think I did say me sold AAPL on friday. :)
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txtrapper
548 posts
msg #30670
- Ignore txtrapper |
1/15/2004 6:49:58 PM
Zuber
My apologies,sorry.
Good for you Mika so everything turned out ok and you made some money, huh?
TxTrapper
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EWZuber
1,373 posts
msg #30676
- Ignore EWZuber |
1/16/2004 2:58:35 AM
Should have stuck to my discipline. Was made difficult by a hige spike on PMU chart rendered my intraday charts unusable.
The system would have gotten me out of PMU at $2.19 or a ( -1.6% ) loss. Got out of AGT for a 2.2% loss.
HUI ended the session just about dead on the 100 DMA. Tomorrow should indicate if support holds. JMHO
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EWZuber
1,373 posts
msg #30682
- Ignore EWZuber |
1/16/2004 12:34:18 PM
Picked up some EELN @ $3.10. It broke TL Resistance shortly after. So far looks ok.
EGHT trying to break TL Res. @ $5.25 also but ran into too much resistance and dropped back some but it looks like it will succeed soon.
JMHO
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EWZuber
1,373 posts
msg #30683
- Ignore EWZuber |
1/16/2004 12:50:40 PM
Picked up some EGHT @ $5.22 in anticipation of a break above TL Res.
If it fails then theres a bit of a cushion to bail with.
JMHO
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EWZuber
1,373 posts
msg #30685
- Ignore EWZuber |
1/16/2004 1:13:51 PM
EGHT at the bottom of the wedge right now @ $5.20 and is oversold at the bottom of the cycle on 5 min. chart.
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EWZuber
1,373 posts
msg #30688
- Ignore EWZuber |
1/16/2004 4:13:37 PM
Closed EELN for a small profit. Hourly chart cycle was moving into distribution and the short term supporting trendline was violated at $3.20.
Held onto EGHT because the horizontal line at the break of short term TL. support was not violated @ $5.18.
During this distribution phase on hourly chart EGHT pretty much went sideways which is what I like to see.
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txtrapper
548 posts
msg #30693
- Ignore txtrapper |
1/16/2004 9:53:26 PM
EWZuber
EGHT...Yes is should be going sideways, it's in a 3m/d BB squeeze.
EELN...It may drop to $3.12 -$3.15 range, then up, buying has dried up for the last 5 days, and selling has dried up in the last 3 days, it may bounce to the $3.30 range Tuesday.
TxTrapper
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EWZuber
1,373 posts
msg #30717
- Ignore EWZuber |
1/19/2004 12:41:27 AM
TxTrapper
I agree EELN could drop to ~ $3.13 and I suspect possibly as low at $3.09 at a 2 day Supporting TL.
16 Day Supporting TL is at ~ $3.03 but I suspect the market would have to be really bad to put that kind of pressure on it, short term. I like to write these numbers down, then if it gaps down in the morning I know where it is technically.
With EGHT I see two wedge patterns that have emerged on the Hourly chart over the past 4 days. The first on 1/13 which broke to the downside.
Then another 2 day wedge that is of yet undecided.
The two together form a third larger wedge + 1 add more day.
Not the precision entry that I wanted but it might do.
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