Tuesday, December 12, 2006
Have A stock? Got Answers
Are you watching something you want opinion on. Shoot!We are glad to give attraction points. TELL FRIENDS/WORLD, WEEKEND NO PROBLEM. Guys/Girls, Keep asking, there are more than 10000 stocks ETFS etc. Remember "Do not fear, Boris is Here"My answers expire! Dec 31 2006. Need refresh come back 2007. Note, we have opinion on every stock YAHOO can download. You will never hear from "NO OPINION", like this CNBC joker. Know why? Cause our method is scientific, We do not make up as we go, do not speak to CEOs(will never be sued/taken to jail), we can not even speak ENGLISH ( but speak 5+understand 9 - not including computer languages). So bring orphans have-nots we will cover any stock, even Stocks not on ESIGNAL .No stocks, let us discuss anything, Geopolitics, Economy whatever... Good Trading
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12 comments:
As I watch the closing, I can not help the feeling that tomorrow morning could be a giant opening day. Do not know yet which way, but suspect DOWN. Tune for an update tomorrow morning
Good Trading
market seems to be forming an almost perfect triangle from todays lows and the FED spike up... would that likely be a consolidation to the downtrend (and therefore expect continuation of the downtrend tomorrow)?
Dear Kindspirited, I am watching something on my chart that you can probably observe if you look at the hourly chart from 11/28 on QQQQ. It is fractal peace of work that when broken on one of it's sides will perhaps carry long way. The triangle you see maybe just the part,breaking of which will spark that bigger fractal shoot!.
Let us get some more readings from the BUY-SELL-PRESSURE and see if we can better predict this tomorrow morning. Thanks KINDSPIRITED. ALl the best to you.
a couple of other observations, the rsi on the QQQQ below 50 and now finally below its prior low during the correction Nov 1-2 and Nov 28.. also Stochastics firmly in a downtrend, now below the prior lows. The declining tops from the Nov high seem fairly convincing. However, the Dow is in its own world.. also take a look at the transports, they seem to be confirming the top is in.
Dear Kindspirited you observations on QQQQ are good ones and continuation of the earlier observations here that QQQQ has lost monentum and that was the first signal I was waiting publically from Nov. DOW has not made new high in 12 days either. That is a loss of rhythm if not momentum dear Kindspirited. Now I am even more kean on two things BKX and GS. BKX seems to have gone up comfortabley above 115, but GS if it gets another distribution day today on huge volume( see it to believe it ) then we are looking at final divergence where market is marching sideways down and some banks ( settlers perhaps ) are aggressively bid up.
Good thoughts KindSpirited.
Boris, I have hourly (or less) charts from StockCharts.com but they only go back 5 days. How can I get hourly chart for 30 days or more? premium service? I do not have bloomberg-- you have mentioned that service before. Need help finding good hour chart or even 15 minute chart that goes back 20 days or more -?
Dear kindspirited, please look at the www.bigcharts.com and it has the intraday (10 days) charting capability.
GOLDMAN has another DISTRIBUTION DAY. HUGE VOLUME...
Handwriting is on the wall...
even though we may see some rally from here as GS has formed an irregular ABC pattern since 11/28.
Good Trading
Teeeeesssst. I feel 6 Vodka and Tonics coming Boris this machine is driving me nuts. I think Im close though....was up all nite last night with it. Even have the baseball bat in the office. Im not sure if you strike the monitor or the box; you ever killed one? JC
Hi Boris, Whats your opinion on Denison Mines Limited (DML.TO on stockcharts). Bought into this at $4.60 a few months back and its gone parabolic since. Also thoughts on URE.TO would be nice as well.
looking at BKX helps put the pieces together.. BKX is hitting the upper uptrend line from highs in May and October... putting in the last of a rising wedge, exhaustion pattern, confirmed by lower momentum at each top, plus the volume distribution on GS.. maybe these are all clues? of a top.. but of course all this could be swept aside by massive doses of liquidity, and the market spikes higher out of nowhere... but all the above COULD be confirmed by more weakness, right? (breaking key supports and lower trend lines) Am I just looking for evidence that I want to find? I like your rules, do not loose and then repeat this rule many times!
Dear Damien, you are sitting on a rocke ship DML it has broken wall after wall ( last at 11.34 ) and es expected to see another one at 13.76. As in previous advice to others. I would take a partial profits approach. and Trail what is left ( say 50% ) with the 5-10 day low trailing stop. The URE had a bd areaction at 4.70 area, which is it's own wall. and Be careful with this one. Could be hadding lower. I would unload on any strength, which should give you minimum or no loss. If it was to go over 4.70 look for 6.30. Downside is looooooong.
Come back 2007 things will change by then and new opportunities will be cated for these stocks.
Thanks Damien. Good Trading
Dear Kindspirited, YOu maybe right about BKX. On the other hand it could have breakout that will last, even as the indices move lower. Pay attention how this playd out in 2000. As market moved lower from March the BKX index and especially the Settler banks ( MEL/STT/BK/NTRS) have actually moved to highs into the Sep 2000 and later. We could see that kind of divergence again.
Yes we should all like the rule. " Do not Lose Money"
GOod Trading.
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