4 replies to this topic

[Stickan]

[OEXCHAOS]

Thanks... M

[Scott-stock]

Thanks Exactly how I trade

[Cirrus]

I think the volatility is low enough--even with the recent spilled milk--that you have to buy great weekly charts on daily dips at or just below support. I think you can short poor weekly charts on daily chart rallies at or just above resistance. I bought a bunch of SSL recently right at the 52 week low and there was an explosive rally. I'm bullish on it LT (#1 CTL company in the world) but I still sold 1/3 of my position with the big gains. I want to buy more buy I'll hold what I have and watch. As I look at the MONTHLY energy charts I don't think it will take much more upside to launch a major IT rally in energy as it's based for 18 months so I think that sectored should be closely watched whether your bullish or bearish. I don' the we have a POR and we are in shoulder season which is the weakest period for the sector--and it's outperforming the SPX by quite a bit.

[johngeorge]

Thanks
Exactly how I trade

You too!