tag:blogger.com,1999:blog-19713238.post9004901988751160462..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - Bears in ControlTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19713238.post-35014505334867102602010-11-25T12:07:46.456-05:002010-11-25T12:07:46.456-05:00Thanks Ken,
AMZN $157 was a good call, but I thin...Thanks Ken,<br /><br />AMZN $157 was a good call, but I think I'm one of the few who took the trade even though I wasn't home to watch it that day. The previous two red bars were too ugly, so most people took a wait and see approach. Unfortunately, I got out way too soon on the swing. Now it has extended 1.27% from the buy point.<br /><br />Price has a memory and I remember trading the base BO from $157.00 on the way up, so I had a pretty good idea it would bounce from that spot again, unless there was some bad news story.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-54706546763391783742010-11-25T11:05:04.687-05:002010-11-25T11:05:04.687-05:00AMZN 167 was a sweet call Jamie! Would have been n...AMZN 167 was a sweet call Jamie! Would have been nice to load the boat there and hold through yesterday! http://chart.ly/uoqgvpcKenhttps://www.blogger.com/profile/11146313559771074202noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-22941559961276006662010-11-19T10:00:43.185-05:002010-11-19T10:00:43.185-05:00DW
If you look intraday, you will notice that mos...DW<br /><br />If you look intraday, you will notice that most of the volume was on the sell side for PETD. There are no guarantees with respect to support in a market correction. Cautious trading until the markets bottom.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-27806395577983323632010-11-19T04:01:27.183-05:002010-11-19T04:01:27.183-05:00Hi Jamie,
Thanks for your reply. PETD just print...Hi Jamie, <br /><br />Thanks for your reply. PETD just print a NRB with high volume. Does it mean it get support at $32 and will resume uptrend?<br /><br />RegardsDWhttps://www.blogger.com/profile/17468632019286499637noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-12071084485454070622010-11-17T09:21:14.873-05:002010-11-17T09:21:14.873-05:00Thanks DW
When a gapper or news driven stock star...Thanks DW<br /><br />When a gapper or news driven stock starts to print higher prices on lower RSI, it usually means time for prices to consolidate. I would take half off and move stop to intraday support. For URBN the support zone is between 35.50 and 36.00. If your entry is below or within the support zone, that works fine. However, if your entry is above the support zone, you might want to sell all and re-enter at lower prices. You can also sell half and re-enter half at lower prices, so you are in effect, lowering your average price.<br /><br />Once the initial thrust is over, prices tend to consolidate for a long time, so it is dead money until the stock actually breaks higher. Usually, the third test of the highs result in a BO. In the case of URBN that happened EOD.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-58961548565103648482010-11-17T09:05:53.102-05:002010-11-17T09:05:53.102-05:00Thanks ChinThanks ChinTJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-54673515727679376942010-11-16T21:46:41.673-05:002010-11-16T21:46:41.673-05:00Hi Jamie,
Thanks for your great review. They are ...Hi Jamie,<br /><br />Thanks for your great review. They are always helpful.<br /><br />Could you please give some principles about reset stop to protect the positions. For example, I long URBN at 36.23(10:52) and the initial stop at 35.99(1min frame). Is the stop too small? At 11:25, I noticed the higher price with lower RSI. Should I rise the stop and to which price? Or insist the initial stop? How do you protect your position from fail BO?<br />Many thanks.<br /><br />Regards<br />DongboDWhttps://www.blogger.com/profile/17468632019286499637noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-21597834083396219372010-11-16T08:53:52.363-05:002010-11-16T08:53:52.363-05:00thanks Jamie for your excellent review of the curr...thanks Jamie for your excellent review of the current market. Excellent trade on the AMZN. I had asked about GS, AMZN, AAPL and MA. These have had huge run ups but as you say, they will need a rest. Please do let me know your thoughts on MA as well as AAPL when you have more time.<br /><br />Regardschinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.com