11 replies to this topic

[ogm]

If anything the setups on many individual charts are ready to rev upwards.

Look at oil services. BHI, HAL, HERO.. I bought all 3 today.

Here are a cvouple charts.
http://www.traders-t...?...g&blogid=38


Coals have poped on my screen yesterday too. Bought MEE this morning.

Techs still strong.

Retailers expectations are so bad, the stocks are poping on mediocre news like COST.

Wall of worry is as thick as ever.

Boieing news is pressuring the market today, but RUT is very strong and Naz just about green. My small cap tech bunch is all green. BPHX, NCIT, SCUR, SMCI, TSM, UEIC, SMOD, SNPS, GSIG.... all green. Only MENT, LOGI and WLRS are red, small declines after good runups.


Yes, maybe not every single stock will go up, and you have to be selective. Its more of a stock picking market. But its going to keep trending up for the foreseeable future. Too many strong charts with good momentum.

Edited by ogm, 10 October 2007 - 01:42 PM.

[NAV]

The way you have been buying stuff, soon the Wilshire 5000 will be in your portfolio. LOL, just kidding

[denleo]

I wish I could buy more, but I am already long 200%. Oh well, can't win all the time. Denleo

[ogm]

The way you have been buying stuff, soon the Wilshire 5000 will be in your portfolio. LOL, just kidding

Nope, I take profits, dump underperformers and pile on winners. Basicaly manging portfolio. But my churn rate is very high. Something runs up, I cut it back, add something else. Average hold from a few days to a few weeks.

[skyymaster]

Hey OG, save some for us small fish. Check out MLNM, had a trigger to go long at 10.85, waiting for a small pull back. SNPS chart looks great. Look to purchase that one too. My positions are very small compared to yours so please do not sell any of the same ones before tell me. Don't want to get crushed by your heavy selling Just kiddin P.s. check out TPX

Edited by skyymaster, 10 October 2007 - 01:56 PM.

[ogm]

Hey OG, save some for us small fish. Check out MLNM, had a trigger to go long at 10.85, waiting for a small pull back. SNPS chart looks great. Look to purchase that one too. My positions are very small compared to yours so please do not sell any of the same ones before tell me. Don't want to get crushed by your heavy selling Just kiddin

P.s. check out TPX

Thanks for MLNM.. exactly my kind of setup Looking at TPX.

[mss]

Interesting, 12 COALS UP, 6 RAILROADS DOWN, -- who is hauling the coal?? 9 SHIPS UP, - they hauling oil, corn, copper, etc. btw: i understand future contracts on coal, also RR

Edited by mss, 10 October 2007 - 02:18 PM.

[ogm]

Interesting, 12 COALS UP, 6 RAILROADS DOWN, -- who is hauling the coal??
9 SHIPS UP, - they hauling oil, corn, copper, etc.

I think railroads will catch up. Look at BNI for example. it has popped 6% the other day, now consolidating.
Thats the only RR stock I have.

I think they are generaly depressed because of overal fear of transports. But momentum has turned up on it after long consolidation.

Edited by ogm, 10 October 2007 - 02:18 PM.

[mss]

Don't forget CP, & take a look at CSX & UNP For a real long term, do DD on RAIL, worth it LT

[skyymaster]

Yeah, MLNM reminds me of the NDAQ setup chart you posted few weeks back. That run so far is looking sweet. Crap, I am not in it.