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#1 hiker

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Posted 05 January 2007 - 02:27 PM

I have sold here...will look for reentry

$101.80 is a former swing high -

http://stockcharts.c...allery.html?nyx

d/t line on daily has been broken by today's intraday move so far

1 day 3minute chart

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3 month daily chart

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status of Jim Cramer favorite picks (some) for 2007 -

Symbol Pct from Yr High... Today's Change

- - - - - AAPL Down 8.79% Down 0.69 Down 0.81%
- - - - - ABG Down 11.50% Down 0.18 Down 0.77%
- - - - - ADBE Down 6.32% Down 0.31 Down 0.76%
- - - - - CSCO Down 0.77% Down 0.19 Down 0.67%
- - - - - EAT Down 5.25% Up 0.42 Up 1.40%
- - - - - ELOS Down 15.21% Down 0.36 Down 1.33%
- - - - - GOOG Down 5.52% Up 1.36 Up 0.28%
- - - - - INWK Down 13.78% Down 0.39 Down 2.38%
- - - - - JSDA Down 9.80% Down 0.09 Down 0.76%
- - - - - KKD Down 10.82% Down 0.17 Down 1.55%
- - - - - NCC Down 5.28% Down 0.56 Down 1.53%
- - - - - NHWK Down 7.50% Up 0.39 Up 1.53%
- - - - - NYX Down 9.07% Up 6.74 Up 7.09%
- - - - - PAY Down 6.59% Down 0.45 Down 1.26%
- - - - - RVBD Down 14.05% Down 0.28 Down 0.92%
- - - - - UNTD Down 11.23% Down 0.19 Down 1.37%
- - - - - USB Down 2.99% Down 0.44 Down

Edited by hiker, 05 January 2007 - 02:37 PM.


#2 fib_1618

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Posted 05 January 2007 - 02:56 PM

I have sold here...will look for reentry

:) and I bought the daily high volume breakout.

I also bought some NDAQ "on the come".

Fib

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#3 dcengr

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Posted 05 January 2007 - 02:58 PM

Cramer was all over NYX yesterday. Says its going to 200! Usually, after he recommends a stock, it floats up. Then it tanks for a while. Normal supply/demand imbalance thanks to his audience going out and rush buying.
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#4 fib_1618

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Posted 05 January 2007 - 03:13 PM

Cramer was all over NYX yesterday. Says its going to 200!

Well, the recent correction was quite orderly, and as I mentioned in the chat yesterday, it held the 50 day EMA quite well.

Kind of comes under of the category of the horse coming before the cart or not.

In any event, the sector itself is looking good right now, so I'm playing the odds.

Fib

http://stockcharts.com/c-sc/sc?s=$EXQ&p=D&st=2006-04-10&i=p53220000162&a=79269815&r=716.png

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#5 hiker

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Posted 05 January 2007 - 03:15 PM

Jim's target is higher than 200 and he gave the same buy alert with this target for NYX since November several times...his call originated at an AH price entry of $89-94 prior to the 112 high in Nov.

http://stockcharts.c...allery.html?nyx

it has been prudent to buy any dips toward $90 in recent mos....the most recent major breakout was near there and that horizontal level has held...some post history from November, when breakout was noted -

http://forums.techni...post?id=1492025

Edited by hiker, 05 January 2007 - 03:17 PM.


#6 hiker

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Posted 05 January 2007 - 03:28 PM

fib...you likely know by now that when I sell core longs, the method to my madness is to buy back in when the new swing high is taken out on a closing basis for a day or so....

you can count on me to add some volume back in when it moves above $103.79- to 105.

I just love to buy a stock at higher prices...when the rising trend continues...sure I will buy consolidation dips as a scaling in strategy.


strategy worked with CCJ and with LFC ....I will go back in long both of those when historic highs are taken out.

my simple way to make sure my portfolio allocation is weighted in stocks that have rising trends confirmed by new highs....or my version of trading for dummies...

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Edited by hiker, 05 January 2007 - 03:29 PM.


#7 hiker

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Posted 05 January 2007 - 03:39 PM

speaking of exchange stocks...similar volume move on these new historic highs as merger approaches -

13 minute -

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#8 fib_1618

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Posted 05 January 2007 - 03:42 PM

fib...you likely know by now that when I sell core longs, the method to my madness is to buy back in when the new swing high is taken out on a closing basis for a day or so....

Yes, I'm personally aware of your "method", and I'm sure that your taking the time to further explain this same method will be of benefit to the many who read this thread. Besides, there's nothing wrong in banking some well deserved profits and reviewing the situation, especially with the kind of negative day we're having.

Just a matter of different trading styles, with different objectives and methodologies, and I would be remiss if I didn't point out the high volume advance for those who may be trying to understand why one trader might sell into such strength, while another might use this same strength to either establish a new position, or to add to an ongoing one.

Fib

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#9 hiker

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Posted 05 January 2007 - 03:53 PM

method example...up about $13 per share on core CSCO core long sold yesterday.

I would love to pay more than $30 for CSCO as a long reentry....in the meantime, while CSCO travels to $30..I have other trade candidates for the use of those trade $ -

http://www.traders-t...showtopic=64664

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Edited by hiker, 05 January 2007 - 03:54 PM.


#10 fib_1618

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Posted 05 January 2007 - 03:59 PM

method example...up about $13 per share on core CSCO core long sold yesterday.

And I added to my position today based on the high volume break above 28 yesterday! :lol:

Fib

http://stockcharts.c...0803&r=5281.png

Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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