Rising MACDs, a NYSI upturn, white candles on the dailies...that is to say, the stock's trend is intact, the market breadth supports the move ("buy when the market tells you") and daily action of the stock is positive. Can be killed by news, but otherwise, the sector rally is likely resuming.
Good luck and good trading.
P.S. In addition, that doji in RNF, the sector leader, is worth a closer look tomorrow.
http://stockcharts.c...49390468273.png
http://stockcharts.c...49391057446.png
http://stockcharts.c...49391174717.png
The AG Pile
Started by
diogenes227
, Oct 04 2012 05:57 PM
2 replies to this topic
#1
diogenes227
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Posted 04 October 2012 - 05:57 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
stubaby
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Posted 05 October 2012 - 10:36 AM
Rising MACDs, a NYSI upturn, white candles on the dailies...that is to say, the stock's trend is intact, the market breadth supports the move ("buy when the market tells you") and daily action of the stock is positive. Can be killed by news, but otherwise, the sector rally is likely resuming.
Good luck and good trading.
P.S. In addition, that doji in RNF, the sector leader, is worth a closer look tomorrow.
http://stockcharts.c...49390468273.png
http://stockcharts.c...49391057446.png
http://stockcharts.c...49391174717.png
diogenes227:
Don't forget "my favorite" - SQM also in consolidation mode here and MOO for those that want to play the sector!
stubaby
#3
diogenes227
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Posted 05 October 2012 - 10:49 AM
diogenes227:
Don't forget "my favorite" - SQM also in consolidation mode here and MOO for those that want to play the sector!
stubaby
Haven't forgotten it. SQM just didn't happen to put in a positive candle yesterday. RNF, which I believe is the sector leader, also failed to get a white candle but a doji is always compelling after a decline.
The lack of follow-through so far today on this setup is bothersome.
Good luck and good trading to you.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
