If I were a money mgr, I'd be locking in profits on my winners next week.
http://stockcharts.c...15266&r=512.png
Edited by beta, 28 March 2008 - 01:26 PM.
XLE -- 10-min chart
Started by
beta
, Mar 28 2008 01:24 PM
5 replies to this topic
#1
beta
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lasergirl
Posted 28 March 2008 - 01:24 PM
Another good s/t set-up here. Im long DUG, s/t target 40-42.
If I were a money mgr, I'd be locking in profits on my winners next week.
http://stockcharts.c...15266&r=512.png
If I were a money mgr, I'd be locking in profits on my winners next week.
http://stockcharts.c...15266&r=512.png
"Daytrading -- An Extreme Sport !"
#2
BCB
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Posted 28 March 2008 - 01:39 PM
Another good s/t set-up here. Im long DUG, s/t target 40-42.
If I were a money mgr, I'd be locking in profits on my winners next week.
http://stockcharts.c...15266&r=512.png
Beta - This chart (at least the indicators shown) doesn't look bullish to you??
I appreciate it's only a 10-min chart, but just saying....
Thanks,
Barry
#3
beta
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lasergirl
Posted 28 March 2008 - 01:45 PM
s/t momentum pointing DOWN.
s/t price pointing DOWN (broken 10-min TL)
nope. not bullish, but maybe a bounce @ 71-72.
"Daytrading -- An Extreme Sport !"
#4
beta
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lasergirl
Posted 28 March 2008 - 01:48 PM
(p.s. just remember that all you need in this game is 2% a day, and you're a winner).
"Daytrading -- An Extreme Sport !"
#5
BCB
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Posted 28 March 2008 - 01:53 PM
s/t momentum pointing DOWN.
s/t price pointing DOWN (broken 10-min TL)
nope. not bullish, but maybe a bounce @ 71-72.
Man, you guys ~do~ trade on fast timeframes.... ;-)
I see what you're saying, but guess I just look at it from a little longer timeframe, and my old eyes just pick up some of the divergences that look like they're forming today....
Thanks,
Barry
#6
beta
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lasergirl
Posted 28 March 2008 - 04:20 PM
Hi Barry,
Actually I think your bullish take may be correct LT, as I dont think XLE has topped out, but is merely correcting.
Short-term, I think the case just got better for a pullback to 71, which is a 62% Fib tgt.
I suspect we're in a wave "2" here, and wave "3" is going to blast out alot of shorts in oil/energy.
i.e., the next wave up should see XLE @ minimum 82. Ill be flipping my puts for calls next week.
Edited by beta, 28 March 2008 - 04:21 PM.
"Daytrading -- An Extreme Sport !"
