Short strength! Take a look at the 5 min chart on the DOW. Every time we rally to the 20 (MA) we pull back. They call this pattern “inverse holy grail.” A surge above the 20 (MA) may spark a miniature rally.
Joined Jan 27, 2008
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There is the break of the 20 day, we could rally from here. Notice the key word “Could.”
yeah I saw that too. always a possibility.
stocks like wynn, fmcn, anf look like they can bounce, so I assume other horseshit stocks do as well
Speaking of horseshit stocks, KBH is going to squeeze a lil.
You still recommend TOS Ragin, might go there for my options account.
PBR will BTFO very soon.
TOS rules, I wish I could sign a deal with them. Similar to when Jordan signed a deal with nike.
All eyes on PBR, buy above today’s high.
Don’t forget ATW…that stock is a monster.
OA – ANR is doing super as well, do they have gold exposure or what?
No doubt, thanks for the reminder OA.
Works with the Nasdaq as well using the EMA(21) on either five minute or 15 minute charts. I’ve noticed that rallies on the five-minute chart almost always fail in the morning. After 2 p.m. though, you have to be looking out for an end of day rally.
Pull up a 15-minute chart of today’s Naz with the EMA(21) plotted. Almost like magic.
Thanks for reminding me of PBR, Ragin.
I enjoyed your blogging yesterday OA, great stuff for us Internet peons.
Buylo,
A recent upgrade and a new contract were a few drivers behind the increase.
Out of PBR, until I see strength. Failed twice to break opening range.
Boca,
Thank you. It was a pretty cool experience, as I have been a reader of these guys for over two years.
A personal victory for the OA.
Leary of oil stocks here – they haven’t gone up much with oil hitting new highs and will get liquidated like anything else if the market tanks; if the fed cavalry comes to the rescue after a meltdown to reign in commodity trading or bolster the dollar, you won’t be able to sell them fast enough.