Sunday, November 05, 2006
"Market will do what we expect it to do"
"Only not when we expect it to"
Have not had a lot of time do do homework today, took my dog to the vet into emergency room, so we both are in the very unhappy mood - dog, because she hates that place, I - because for 3 minutes visit charge was $147 - may be I'll stop trading and apply for vet position.
Anyhow, after looking at the chart and analyzing stars alignment with corresponding ETFs, I think:
oil has bottomed (USO)
oil services about to breakout ( OIH )
commodities, confined to tight ascending triangle for the last month most likely will breakout on within next few days (DBC)
mining stock will follow ( XME )
biothech, underperforming last week, is about to start next leg up ( BBH, IBB)
gold will start consolidating after impressive move up last week, unless
semis is a very sad story, dead money for the last few weeks, still is (IGW)
And on and on and on...
candidates
longs, each with corresponding GTC/DAY stop limit order:
TNOX - GTC stop 14.3 limit 14.55 - something is going on
CERS - GTC stop 7.65 limit 7.72
KFI - GTC stop 19.83 limit 19.93
NL - GTC stop 11.53 limit 11.65
short,
FMCN - DAY stop 55.5 limit 55.2
Answering comment question: "
Have not had a lot of time do do homework today, took my dog to the vet into emergency room, so we both are in the very unhappy mood - dog, because she hates that place, I - because for 3 minutes visit charge was $147 - may be I'll stop trading and apply for vet position.
Anyhow, after looking at the chart and analyzing stars alignment with corresponding ETFs, I think:
oil has bottomed (USO)
oil services about to breakout ( OIH )
commodities, confined to tight ascending triangle for the last month most likely will breakout on within next few days (DBC)
mining stock will follow ( XME )
biothech, underperforming last week, is about to start next leg up ( BBH, IBB)
gold will start consolidating after impressive move up last week, unless
semis is a very sad story, dead money for the last few weeks, still is (IGW)
And on and on and on...
candidates
longs, each with corresponding GTC/DAY stop limit order:
TNOX - GTC stop 14.3 limit 14.55 - something is going on
CERS - GTC stop 7.65 limit 7.72
KFI - GTC stop 19.83 limit 19.93
NL - GTC stop 11.53 limit 11.65
short,
FMCN - DAY stop 55.5 limit 55.2
Answering comment question: "
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Is the limit price the price you are looking to buy above and the gtc your stop if it goes against you?"