3 replies to this topic

[hiker]

playing the short side today having exited swing and core longs yesterday...

one scalp in the a.m.

back in for what may be more than a scalp for a second try from above 63

just playing this one...no firm strategy, just based on an iffy metals mkt...most of day FCX has been a lagging gainer among the metals and precious metals stocks on my trading list.

note CLF has been strong for months, and the washout noted in 2006 allowed a base to form for the new upside launch that continues - price has nearly doubled since that 2006 washout

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

Edited by hiker, 20 March 2007 - 12:01 PM.

[hiker]

62.01 is the 15 ma on the 60 min shift 3 ema has crossed below the 5 ma spinning top candle on daily for now

Edited by hiker, 20 March 2007 - 12:47 PM.

[hiker]

3/20 close

weekly

[hiker]

eyeballing 58.60/.80 to 60/60.42 or 60.80 for potential rentry long targets...little too early to attempt a bottom move entry....much better to wait for the move down to complete, then buy again on a buy signal on the 13 minute as Jae of underground trader says...never fight the 13-minute, which is currently on a sell since yesterday