Wednesday, November 05, 2008

Posted on "Contributors Site" Oct17th-Oct22

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Wednesday, October 22, 2008

Higher low?

on hourly chart DIA is at count 12 of TDCountdown, I think market will fall tom morning and then move up. or may be even today at close we will see higher low in series - 10/10, 10/16 today - 10/22???

Posted by DavidDT at 10/22/2008 03:49:00 PM 0 comments Links to this post

DJX -Dow Industrial

DJX -Dow Industrial moved close enough to my downside target of about ~8500 - low of the day so far 8586.
Opened quick long positions for overnight trades with tight stops.

Posted by DavidDT at 10/22/2008 01:43:00 PM 0 comments Links to this post

Coal Stocks Bottoming?

Most of Coal Miners/Producers exhibit one or another bottoming patterns on weekly charts and start to flush buy signals on daily charts.
(CNX) - looks like it is forming "Inverted Roof" on weekly + this week is "count 8" on TDSetup.
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(BTU) - quite the same setup
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I might start looking into Coal ( and might be broader energy group for "longer long trade).
These observations playing along nicely with "Solar stocks possible upside" theory.
Of course, there might be shake off this or next week.
Again - for me it might be 2-3 months long trade ( unless I will get stopped in 10 minutes after opening positions :)

Posted by DavidDT at 10/22/2008 10:09:00 AM 0 comments Links to this post

Possible intraday reversal in the next hour

Refer to my "public" post

Posted by DavidDT at 10/22/2008 10:02:00 AM 0 comments Links to this post

Tuesday, October 21, 2008

(SOL)

I posted my take on (LDK) on main site, but I most likely, will be opening small Nov7.50 and Dec10 calls position on (SOL)

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It is highly speculative, it is not playing well with Oil behavior, lets call it "Obama play"
(On each Nov call I will buy 2 Dec calls - entire position will account for only 1% of trading portfolio - since I am fully vested into UltraLong ETFs and getting bored - that is the way to spice up my day to day life :)

Posted by DavidDT at 10/21/2008 10:38:00 AM 0 comments Links to this post

Friday, October 17, 2008

DIG

DIG is stabilizing above 32.35 support
stop under 32.12

Posted by DavidDT at 10/17/2008 02:30:00 PM 0 comments Links to this post

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