OK folks, that's a wrap. If you sit in front of the screen past lunchtime you're doing something wrong, especially when the market
closes at 1 PM. ;-)
Posted at 5:32 PM, GMT
Pennant, flag, you say potayto I say potahto... I can't imagine how one could watch the market, capture screenshots, type commentary,
post charts, and trade all at once. You'd have to pay me a lot more than $149.99 a month to try to do it. (All yours
for the low, low price of only $149.99!)
It's nice to
have a rest from trading and just doing the commentary though.
Posted at 5:22 PM, GMT
It found support at the midpoint as things usually do, but this dog won't bark on this short day. That's OK, he barked
plenty the last day he traded.
Posted at 5:07 PM, GMT
Narrow range down bar in the coil...
Posted at 5:00 PM, GMT
EGHT is coiling, making a classic little pennant... the way it resolves out of that will be telling.
Posted at 4:36 PM, GMT
The idea of a "time stop" is a good one because if the dog doesn't bark like it should in X amount of time
you have to wonder what's wrong... things that work should work right away and not look back, like Wednesday's trade.
Posted at 4:27 PM, GMT
Yeah, it reaches up and fails to get where it should go... I'm glad I passed on this puppy.
Posted at 4:22 PM, GMT
Feels like it wants to test that morning high, the skittish could move stop to 7.61 ...
Posted at 4:16 PM, GMT
Not the kind of bar you want to see if you entered 7.74... stop would be down at 7.33 ...
Posted at 4:02 PM, GMT
EGHT is faltering here... looks like my wariness was appropriate. Maybe. ;-)
Posted at 3:52 PM, GMT
VOCL has gone batshit, it's up 40% without a pause in the last hour or so.
Posted at 3:50 PM, GMT
7.74 would have been a good entry, lol. Let's see what happens at the morning high.
Posted at 3:45 PM, GMT
Not super comfortable with the idea of 7.74 entry above the inside bar... will keep an eye on it... a lot more wary on the
second day of these explosive moves.
Posted at 3:33 PM, GMT
Sentiment looks fairly positive, tone is pretty strong... RMBS VOCL not pausing a bit.
Posted at 3:23 PM, GMT
Eyes on EGHT NAVR NTOP RMBS VOCL.
Posted at 3:19 PM, GMT
Nice shooting star for the first bar in EGHT... its range is nearly a dollar which is plenty wide.
Posted at 3:02 PM, GMT
They're doing a nice job of trapping the early-bird exuberant buyers in EGHT, NTOP, VOCL, etc. RMBS looks interesting.
Posted at 2:45 PM, GMT
I'm going to post a bit more than usual today since volume is going to be light and I can detail what I'm doing...
watching BLTI, EGHT, NTOP, and RMBS pre-open. I had over 1000 visitors to the EGHT Dummies lesson so there's a lot
of interest out there for these little fliers.
Posted at 2:17 PM, GMT
The Chinese Party OK's rap version of "The East is Red."
Posted at 2:03 PM, GMT
An article in Wired on Major League Baseball's attempt to
assert exclusive rights to its real-time game data.
"If someone is communicating information about a game in real time, on a pitch-by-pitch basis, that's an exhibition of that game.
There's no difference, in our eyes, between exhibiting a game using text and graphics and doing it on radio or television."
Posted at 2:00 PM, GMT
The HMO stock index is at an all-time high, and like the gold and housing sectors, it would have taken a great effort to
pick a losing stock in the group. The best year over year performers have been Sierra Health (SIE), Pacificare Health (PHS), Coventry (CVH),
and Humana (HUM), all of them up over 125%.
It would be wise to rebalance at year-end if you hold a lot of these big winners, and shift some money into the neglected areas,
like Oil and Oil Services, Drugs, Utilities, etc. Rebalancing is psychologically difficult, but it's the prudent thing to do.
Coventry Health Care, Weekly Chart
Posted at 9:25 AM, GMT
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