nikoschopen
2,824 posts
msg #59859
- Ignore nikoschopen |
2/21/2008 5:16:10 PM
Here's food the thought. Did you know just about all ure charts display a head and shoulders pattern?
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johnpaulca
12,036 posts
msg #59863
- Ignore johnpaulca |
2/21/2008 9:37:18 PM
I don't normally use chart patterns in my buy decisions. I have a good understanding how price behaves as it approaches and passes through my BBands. I can't give away my holy grail, I hope to sell it to M4M for a nickle...lol.
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nikoschopen
2,824 posts
msg #59866
- Ignore nikoschopen |
2/21/2008 10:12:52 PM
As a BB user myself, I'm interested in the specific parameter that you use for ure BB, which is somewhat unorthodox. Simply put, it ain't the industry standard followed by the hoards. What's the rationale behind it?
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johnpaulca
12,036 posts
msg #59867
- Ignore johnpaulca |
2/22/2008 10:06:22 AM
ESRX...sold @67.50(+4.65%)
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nikoschopen
2,824 posts
msg #59868
- Ignore nikoschopen |
2/22/2008 12:04:15 PM
Well, the lunch time doldrum is giving way to the bears and the market is tipping further south.
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HokieDoc1
14 posts
msg #59869
- Ignore HokieDoc1 |
2/22/2008 1:07:53 PM
Big Block trades negative on DNA (genentech) awaiting fda ruling of Avastin for treatment of breast cancer.
Puts at 72.00 awaiting the news.
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nikoschopen
2,824 posts
msg #59871
- Ignore nikoschopen |
2/22/2008 3:09:32 PM
All the indexes are trading in a relatively narrow range. I would personally like to see the LOD taken out, but so much for wishful thinking. Nonetheless, we will eventually need to revisit the January low to face our own inner demons, no?
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deanengle
33 posts
msg #59872
- Ignore deanengle |
2/22/2008 3:41:30 PM
3 good option plays for 2-22-08 are CBEY , UNFI ( have made 60 % on this one so far today ) and LTM. These stocks each had a significant drop today as a result of earnings disappointments. Therefore these are what I would calla "dead cat bounce" and they almost always make money.
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nikoschopen
2,824 posts
msg #59873
- Ignore nikoschopen |
2/22/2008 4:02:07 PM
02/22/2008 15:33 *DJ Ambac Bailout Plan Could Be Announced Mon Or Tues -CNBC
According to CNBC, a consortium of banks will get together to devise a plan to save Ambac.
What a joke! Ambac being rescued by the troubled banks that got Ambac into all this mess in the first place? This doesn't make sense.
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maxreturn
745 posts
msg #59875
- Ignore maxreturn |
2/22/2008 4:10:35 PM
Niko...MAN am I glad I held onto my long position in DRYS! You've been daytrading the markets for quite some time. Have you EVER seen anything like this to the long side? Although I don't trade intraday I check the indexes 5-6 times a day. I have never seen a vertical rally like this. Drops yes...but not rallies.
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