StockFetcher Forums · General Discussion · Kevin: you can come back now ...<< 1 2 >>Post Follow-up
BarTune1
406 posts
msg #88105
Ignore BarTune1
2/11/2010 4:23:38 AM

Kevin,

No, I didn't mean in the sense of "no work on the sabbath" - more like "special leave for study" - I think your SF contract calls for one month off every 7 for this purpose doesn't it?

Anyways, as to Eriks question, I have only got burned here mildly due to trending stocks. I was able to call a few reversals based on VIX divergence signals both last week and Monday-Tuesday. My largest losses (and one is still open) is partly attrubutable to overpositioning. If I were to have traded ETFs only I doubt I would be down at all. Closed KRE at a profit today. Closed MI, EEM and some SLX at a profit yesterday.

karennma
6,831 posts
msg #88125
Ignore karennma
2/11/2010 12:10:56 PM

Erik:
The coast is clear!
DOW up 100 pts. = 10,138 ....


karennma
6,831 posts
msg #88126
Ignore karennma
2/11/2010 12:12:19 PM

Erik:
Also, SLV is moving w/ the market.. making higher highs ...
:>)


karennma
6,831 posts
msg #88129
Ignore karennma
2/11/2010 12:25:46 PM

Erik:
As per my discussion YESTERDAY
re: chart pattern "falling wedge" .. RIMM just hit 68.80! (from 66.16)

karennma
- Edit message 2/10/2010 6:16:12 PM
RIMM has same pattern = falling wedge ----->>> target price = $68.75


karennma
6,831 posts
msg #88130
Ignore karennma
modified
2/11/2010 12:26:50 PM

Erik:
The "falling wedge" pattern picked up RIMM and BIDU yesterday.
I need to find more of those!
:>)

edit:
From StockBandit:
"Context: Found within a downtrend, the falling wedge is often a reversal pattern. "

karennma
6,831 posts
msg #88131
Ignore karennma
modified
2/11/2010 12:36:48 PM

Erik:
Found another ..QCOM
Look at today's chart!


einok
msg #88134
Ignore einok
2/11/2010 12:58:19 PM

Hi Karen,

Besides qcom, those others are pretty close to the 200 day ma. So for me, unless it's a short trade, I usually wait to see how things respond to the 200 day ma. I think if we get a close above the midsection of the 2/4 candle like on the previous chart, it would be a good bullish sign, but it is likely we would have a retest of that level for support if that happens.

FWIW, I also noticed that some oscillators are showing a bullish divergence.

Erik

karennma
6,831 posts
msg #88140
Ignore karennma
2/11/2010 2:40:21 PM

Erik:
LQQK at the one that got away .... just when you stop watching it ...!!
AIG .. !!
:>)


einok
msg #88142
Ignore einok
2/11/2010 3:19:36 PM

karen,

good move on aig. i am shorting jpm right now

StockFetcher Forums · General Discussion · Kevin: you can come back now ...<< 1 2 >>Post Follow-up

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