3 replies to this topic

[diogenes227]

Good day for the Nasdaq Friday, up 1.71 percent. Better day for stocks with swing: RIMM 13.28% DRYS 5.79% AAPL 4.58% FSLR 4.29% GRMN 2.72% BIDU 2.22% LVS 0.57% WYNN 0.30% JRJC -4.40% Here's to many good days...

[thoughtpwr]

Note on WYNN: WYNN met is Point and Figure target of 162 and that same day (last week) sold off immediately in reaction. I sold mine at 165, based upon hourly structures leading up to the reaching of the P&F goal. The subsequent three bar reversal indicates that WYNN has a bearish correction to undergo, with the target in the range of 118. I plan to sit out this one, and hopefully re-enter when it has met its downside goal toward the end of October. Thx, EJ

[Jnavin]

thoughpwr: my thoughts exactly on WYNN...well, almost exactly, I'm looking for a sell-off back to about 122.

[diogenes227]

Note on WYNN: WYNN met is Point and Figure target of 162 and that same day (last week) sold off immediately in reaction. I sold mine at 165, based upon hourly structures leading up to the reaching of the P&F goal. The subsequent three bar reversal indicates that WYNN has a bearish correction to undergo, with the target in the range of 118. I plan to sit out this one, and hopefully re-enter when it has met its downside goal toward the end of October. Thx, EJ

Thanks for the help. By my method of stock selection for these swings (which doesn't include P&F), that small move in WYNN on this swing bothers me too. It makes me suspect because of the break you note it's ceasing to swing with the market and may need to be jettisoned from this basket for the time being.

Any opinions on GRMN? Despite it's 2.7 percent jump this trip, it is the one I would consider the weakest in the group.

Also, I'm looking to slip FWLT into this at some point. So far, it has the vibrancy I look for.

Again, thanks.