tag:blogger.com,1999:blog-19713238.post908840749824158384..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - Bulls Defend SupportTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19713238.post-20946465435810336832009-08-19T16:49:19.504-04:002009-08-19T16:49:19.504-04:00Hey GD,
I'm not really on vacation, just taki...Hey GD,<br /><br />I'm not really on vacation, just taking a short break from blogging. Markets are in the summer doldrums, and I'm finding it a little hard to motivate myself to blog. I'll try to post something tonight or tomorrow.<br /><br />Cheers!TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-23196449543196482062009-08-19T14:35:44.841-04:002009-08-19T14:35:44.841-04:00Hi Jamie,
Where are you? I missed your trading le...Hi Jamie,<br /><br />Where are you? I missed your trading lessons. Anyway, have a good vacation if you are. We're looking forward for your great market analysis. Regards.TraderO7https://www.blogger.com/profile/14048661364811222111noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-3161449863694971062009-08-13T14:38:53.240-04:002009-08-13T14:38:53.240-04:00thedocument,
Yeah, that's correct, but for no...thedocument,<br /><br />Yeah, that's correct, but for now it appears to have failed to BO, so I'm looking for a target trade back down to the lower side of the triangle (blue line). We'll see what happens from there. You'll notice that the last tag of the upper triangle, carved out a bearish rounded topping formation which usually foreshadows a decline at least short-term.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-4286360060110685832009-08-13T14:20:13.173-04:002009-08-13T14:20:13.173-04:00What makes SOHU look like a short op? It seems to ...What makes SOHU look like a short op? It seems to be forming a continuation triangle.thedocumenthttps://www.blogger.com/profile/07987103610792079395noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-23651949708852844312009-08-13T08:51:41.279-04:002009-08-13T08:51:41.279-04:00Thanks LeRoy,
I have been watching the Chinese in...Thanks LeRoy,<br /><br />I have been watching the Chinese internet sector as some of the names (BIDU, SNDA, NTES) were near the top of the IBD 100 list recently.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-51993525863433260292009-08-13T08:42:12.979-04:002009-08-13T08:42:12.979-04:00Jamie-keep up the great blog. Thanks.
I am curio...Jamie-keep up the great blog. Thanks. <br /><br />I am curious as to how you screen to come across SOHU and SNDA to begin with? Are these equities you're familiar with or do you have a set of equities you follow in certain sectors?<br /><br />Thanks again.LeRoy Gardnerhttps://www.blogger.com/profile/02030702290426987002noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-45962016886501316552009-08-13T07:26:16.423-04:002009-08-13T07:26:16.423-04:00Tom,
I look for support/resistance zones from pri...Tom,<br /><br />I look for support/resistance zones from prior price action. The $56.00 support / $57.00 resistance congestion zone came into play in late July prior to the last rally in oil. Yesterday's opening range observed %57.00 as resistance on the first volley, so I placed a buy stop order at $57.02, ready for a BO on the next test.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-57152291118729731572009-08-13T00:31:18.055-04:002009-08-13T00:31:18.055-04:00Hi Jamie - On CNQ I understand that the 58.40 line...Hi Jamie - On CNQ I understand that the 58.40 line is based on a support line from price action of two days ago but how did you plot the 57 line - are you just looking for a price that is rough average of the price action of the prior day and also a nice whole dollar amount that may act as resistance or support for the current price action?Tom T.https://www.blogger.com/profile/02931767044700231397noreply@blogger.com