nikoschopen
2,824 posts
msg #59709
- Ignore nikoschopen |
2/15/2008 2:47:38 PM
Although nothing is definitive, we might see a pop going into the close. If that were the case, then we could see more rallies coming throughout next week. This would be the classic "buy the dip" scenario. But since we have the long weekend ahead, it's also possible to see the market selloff just before the close. But as long as the LOD holds, the market should be on safe ground.
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maxreturn
745 posts
msg #59710
- Ignore maxreturn |
2/15/2008 2:59:17 PM
Niko...where da heck has all the volume gone?
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nikoschopen
2,824 posts
msg #59711
- Ignore nikoschopen |
2/15/2008 3:23:06 PM
Probably ure typical Friday preceding a long weekend syndrome. What should be noted is any sort of strength (or weakness) going into the close.
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nikoschopen
2,824 posts
msg #59713
- Ignore nikoschopen |
2/15/2008 4:05:20 PM
There ya have it boyz (and galz). The market pushed up towards the close, refusing any selling pressure. Since there ain't any economic numbers due on Tuesday, I think the market will likely gap up.
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johnpaulca
12,036 posts
msg #59714
- Ignore johnpaulca |
2/15/2008 4:23:33 PM
Niko...I see CEG made money for me.
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nikoschopen
2,824 posts
msg #59715
- Ignore nikoschopen |
2/15/2008 5:01:29 PM
Way to go, JP. However, keep in mind that for oil-related stocks all roads lead to the crude oil futures, which looks shaky at the moment. As you can see from the above chart, CLH8 is going through what looks like a head & shoulders pattern. Obviously, H&S isn't complete until its neckline is taken out, but with so much volatility lately what seems likely is for the most part a foregone conclusion, Hence, should the futures fall next week, I hate to even think what could possibly happen down the road.
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johnpaulca
12,036 posts
msg #59716
- Ignore johnpaulca |
2/15/2008 8:13:34 PM
Niko...would seasonality be figured into this since it's forward looking i.e driving season, Venezula etc.???
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nikoschopen
2,824 posts
msg #59718
- Ignore nikoschopen |
2/15/2008 10:33:34 PM
Only seasonal cycle I follow is the annual hurricane season, and I ain't no political junkie to know the difference as to who the real menace is: the un-democratic Bushwhackers or the oil loving commies. But as a techie, I figure it ain't gonna matter one way or the other since they'll all show up on the chart anyway.
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johnpaulca
12,036 posts
msg #59778
- Ignore johnpaulca
modified |
2/19/2008 10:57:01 AM
Fwlt...sold@74.50 ...(+4.71%)
MHS...sold@51.75...(+3.71%)
GDX...sold@49.90...(+4.50%)
These were bought last week...APC, MUR and CEG are still open...I believe they have more legs.
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nikoschopen
2,824 posts
msg #59781
- Ignore nikoschopen |
2/19/2008 11:49:49 AM
Short GLD @ 91.72
Finally, Damnit!!!
LOL
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