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Monday, December 29
Colorful shot of PAAS. Folks who got long off the 30-minute risked about 1.5%, reward to risk was better than 3 to 1 at day's end. See you tomorrow!
 PAAS, 30-minute Chart Posted at 9:25 PM, GMT
Final shot of "FOXTROT." It made another nice attempt to get to Target #1 on the last bar. Folks either took the money and ran or are carrying it with a breakeven stop. I'm going to charge $5 a day for these ideas in the new year. It's interesting to see how people behave -- $5 is considered 'too much' for a thought that could be worth hundreds or even thousands of dollars. The Net has conditioned people to expect something for nothing.
 "FOXTROT," 30-minute Chart Posted at 9:19 PM, GMT
Look at the lovely bull flag that formed in the afternoon in PAAS. Linda Raschke is the contemporary who taught us to "train our eyes" to see bull and bear flags... Schabacker & Co. also knew a thing or two about these patterns back in the day.
 PAAS, 30-minute Chart Posted at 8:22 PM, GMT
Similar to "ALPHA" the other day, "FOXTROT" has done very well but missed TARGET #1 by just 2 cents. You can either continue to carry it with a breakeven stop, or sell it end of day and take the money and run.
 "FOXTROT," 30-minute Chart Posted at 8:05 PM, GMT
Is NGEN worth $0.25 of risk here, just dunno. Not much happening in day trade land (besides PAAS)... trading is thin, people are away through the new year. Maintain stop in "FOXTROT." See you at the close. Posted at 4:48 PM, GMT
Another album recommendation from the Chairman: Lee Morgan's Cornbread. 'Ceora' always takes my breath away and I've heard it about 1,000 times.
Posted at 4:21 PM, GMT
PAAS is unusually active... it gave a nice, low-risk entry off the 15-minute chart which any graduate of the Trading for Dummies school would have caught, assuming they were watching it.
 PAAS, 15-minute Chart Posted at 4:03 PM, GMT
"FOXTROT" triggered long off the opening bar. Remember to place your protective stop loss order below $35.63.
 "FOXTROT," 10-minute Chart Posted at 3:37 PM, GMT
Interesting that food is the third largest household expense, if you include 'eating out.' I guess that jibes with our experience.
"U.S. households on average spent more than $9,000 for food at home and in restaurants in 2002, the third-biggest expenditure after
housing and medical care...."
Posted at 2:16 PM, GMT
Eyes on ADSX, NGEN, TMTA, TRIB, among others. Posted at 2:05 PM, GMT
An interesting short article on the Wellington Fund, which turned 75 years old this month.
"From its inception on July 1, 1929, through November 30, 2003, Wellington Fund has earned an average annual total return of 8.3% ...
Income from the stocks and bonds it held has always been an important factor for Wellington Fund. This month, the fund will pay
its quarterly income dividend, the 296th consecutive quarter the fund has paid a dividend since its first one in March 1930.
Of its 8.3% total return since inception, 4.7% was due to reinvested income dividends."
Posted at 1:35 PM, GMT
"FOXTROT" is a LONG play, NASDAQ-listed in the $30-$40 range, around 1% of risk. Email me for details.
 "FOXTROT," Daily Chart Posted at 12:50 PM, GMT
Had a very smooth trip back to London. Crazy to think I left the sunny southern US for a cold, gray and rainy England. I can also look forward to it getting pitch dark here around 3 PM. ;-) Travel tips: the Georgia State Police use laser to detect speeders so your usually wonderful Valentine One is next to useless there. Always have earplugs when you travel. The Gatwick Express train is the best and cheapest way to get to London if you fly into Gatwick. Posted at 12:27 PM, GMT
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Chairman MaoXian |
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