Took a look at the shorter cycles. If right we push a little higher in the morning and top before noon as 2 cycles top together and pull back in the afternoon. Here is the chart I viewed:
Tuesday, February 1, 2011
Comments and outlook for 02-02
Okay, pushed higher than I thought it would, Sold QID Monday AM as I indicated I intended to do. Bought back QID trading shares today at $10.65 and was down at the close. Should be able to sell sometime in the next 2 days profitably. Also, unloaded some other stocks I had been holding for a while. So I now hold a lot of cash (80%) and short positions. I need to find a long position to have more balance.
Took a look at the shorter cycles. If right we push a little higher in the morning and top before noon as 2 cycles top together and pull back in the afternoon. Here is the chart I viewed:
GL traders. Do your own analysis please - do not act solely on my opinion - that is a good way to lose $s.
Took a look at the shorter cycles. If right we push a little higher in the morning and top before noon as 2 cycles top together and pull back in the afternoon. Here is the chart I viewed:
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How is NKE and MSB looking?
ReplyDeleteNKE looks like its due to start a new cycle? I suspect it will bottom real soon (80) and bounce off pretty good. The Bollinger Bands are 10 pts. apart so that would be a good bounce. Earnings March 17 (needs to redeem itself from last report). March Max Pain = $80.00. If earnings are good then I suspect it will go to $100.00. Okay that's all the stuff outside of the cycles.
1 More - MGA is looking good for a turn around. Good volume came in yesterday at the close. Current Price @ 55.75. It's touching the 40 DMA (50 DMA @ 53.87). Current Pain @ $60!!! Feb OEX Pain @ $55
ReplyDeleteShadow7 - posted charts and opinion
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