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 MauiTrader |
| Thursday, August 3, 2006, 4:05:15pm |
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Don't worry I have. There have been a couple of ladies in my life since my ex.
Yes, I did hold on to FORR. Did you see the volume? Did you see the BOP? no volume and the BOP was very green and strong. |
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| MauiTrader |
| Thursday, August 3, 2006, 4:06:23pm |
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and on 7/11 it had support intraday. That is why you see the tail |
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| ORKiter |
| Thursday, August 3, 2006, 4:12:28pm |
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yeah i see the large volume up days and light down days....FORR is good example of why important to buy at proper base(like FORR in May at $23) so that you wouldnt get stopped out prematurely on pullbacks |
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| MauiTrader |
| Thursday, August 3, 2006, 4:19:29pm |
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| Market Speculator |
| Thursday, August 3, 2006, 4:19:57pm |
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Make Relaxation Your Profession Moderator Posts
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a few ladies = 1 blow up doll + hustler magazine |
| Success is a State of Mind - - Tommy Bahama
Profits always take care of themselves but losses never do. The speculator has to insure himself against considerable losses by taking their first small loss. - - Jesse Livermore
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, nor for the get-rich-quick adventurer. They will die poor. - - Jesse Livermore |
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| ORKiter |
| Thursday, August 3, 2006, 4:24:08pm |
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yeah Josh i hope they were legal |
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| brd |
| Thursday, August 3, 2006, 4:30:35pm |
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I bought FORR at 27.75 after it broke out on June 30th, but sold it when it closed below the 50dma in early July. Now I'm wondering is 28 a new pivot point? July's action looks like a 2-3week C&H, or no? |
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| mac |
| Thursday, August 3, 2006, 4:36:23pm |
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Josh,
Did you have MEH on your watch list on your blog? Looks interesting after today as a candidate, although this market still sucks. |
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| MauiTrader |
| Thursday, August 3, 2006, 5:59:44pm |
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FORR: most recent base was not a good base. Look at the volume in it. You are now chasing it.
MEH is on the watchlist. It is too volatile a position to make a good long risk/reward is not there yet. There needs to be another basing or drifting down on low volume then a continutation of the move to confirm this move. |
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| huajian_us |
| Thursday, August 3, 2006, 11:25:20pm |
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Quoted from MauiTrader
huajian this is not a proper breakout. Unless you see an ascending base pattern. What do you see? This isn't a proper base. It is a stock consistently in an uptrend bouncing off the 50 dma on strong volume. There is no breakout from any base really. I guess it could be called an ascending base but this is not that pretty of a chart to really say that this was a perfect ascending base breakout.
ONeil wouldn't go long this stock after today's breakout trust me. Look at the long term chart. This is just a tiny move from a huge pattern that has already seen big gains. He would not take this risk/reward ratio. This isnt its first base or second. It is just a continuation move.
Thanks a lot, now I see the point after I get the full 3 years chart. Compared to IMA, I clearly see the difference. You are really really good !!! Not sure if you agree with me that it is more safe to buy all time, then ordered pull back in low volumn ( of course with nice base on left hand side ), then wait until break out, which tends to fail in the ugly market. When condition condition changes, buy break out is better. |
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| MauiTrader |
| Thursday, August 3, 2006, 11:28:51pm |
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Yes, I would agree with your analysis. It is safer, most of the time, to wait for a low volume pullback since so many do reverse. However, by doing this, you miss out on some HUGE winners when they don't pullback. But it is an odds game and the play you are bringing up is a high odds play in a weak market.
Thank you very much for the compliment. I really do appreciate it!
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| huajian_us |
| Thursday, August 3, 2006, 11:46:16pm |
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Quoted from ORKiter
yeah i see the large volume up days and light down days....FORR is good example of why important to buy at proper base(like FORR in May at $23) so that you wouldnt get stopped out prematurely on pullbacks
Also notice that there is a break away gap, what that tell me, GOOD bye old base. The same thing you can see in sndk, aapl, amzn last July, 30, 2005 |
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| huajian_us |
| Thursday, August 3, 2006, 11:58:05pm |
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When I take a look at ges, I see the recent base is quite lose, I then take a look at your charts. I find that it is quite critial to use right setting, now I find an optimal setting, otherwise there is a lot of optical illusion going on. I did not see any trading book mentioned this, somehow by studying and comparing, I started to see the difference, sadly after 7 long years.
A friend of mine sent email and want to ask if she should sell her jnpr holdings ( her company ). Looks a contrarian indicator.
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| MauiTrader |
| Friday, August 4, 2006, 12:08:25am |
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JNPR is going sub $5. Tell her to sell all now. JNPR will be bought by another company later. This stock is dead and will never come back.
If you look at a long term chart GES is pretty but you are right if you look at it from just February you are looking at a crazy chart. That is why you MUST look at charts on multiple time frames. I ALWAYS do. |
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| MauiTrader |
| Friday, August 4, 2006, 12:09:33am |
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Yikes I typed sub $5. I meant sub $10. |
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