Price Targets follow up

We got breakouts all over the place in the commodities sector (I'm long FCX CF APA RIG). Problem is these thing are getting way ahead of themselves, and the broader market seems to be rolling over. You can see the selling pressure of the market is holding these things back quite a bit, particularily the one non-commodity long I have (BIDU).

If 1340 doesn't hold on the the SPX, I think I will have to cut and run before my price targets because the risk of a broad selloff:



Otherwise here are some targets:

(APA Im shooting for 144.16)
here was my entry and explanation for breakout on the high pole flag pattern:
http://www.traders-t...showtopic=86714
http://www.traders-t...showtopic=86754



BIDU targets: 309 & 335 (we tagged 309 and sharply turned down, maybe we retest the breakout @ 280? - I really think BIDU is at the mercy of general market here)
BIDU entry and pipe bottom formation explanation:
http://www.traders-t...showtopic=86717
http://www.traders-t...showtopic=86754




CF:

Bought when it brokeout above previous highs, first target 152.31.

Congrats on the oil plays-nice job. The indicators look a bit rough on bidu, no?

Congrats on the oil plays-nice job. The indicators look a bit rough on bidu, no?

Thanks, and sorry they didn't turn like u expected, I did appreciate your analysis.


Yes, BIDU probably gets sold tomorrow if the QQQQs dont turn. Still got 4% profit cushion. If they dont turn, I sell and look to buy the throwback off the 280 (probably penetrates though, with how weak its looking). I shoulda taken half profits at 307 during that intraday push, but I got greedy.


Also, Im not using the FIBS for buying/selling. Just to help me find breakout fib extensions. Any other thoughts anyone?

Edited by CHAx, 10 April 2008 - 12:49 AM.

Thx buddy. It meant I had to sit back and watch oils, instead of pulling the trigger-but I always try to wait for the turn. Knew you were doing well, though-those were very solid entrys-nice plays. Watching the volume on USO yesterday, it's looking a bit topped-but time will tell. Good luck on the bidu, if the Q's were to turn right here I wouldn't be looking for much uppage-if they fill that gap around 44.02 first,it might be a different story.