DislikedHere is one that has been easy money all last year.. WMT off weekly range.. Buy low 40's sell 45-47..Ignored
Check Mate GAME OVER
How to find the right trending stocks? 19 replies
Part Time Wealth Building System - "High-Low Trending" 9 replies
Open-Close Trending with Hedging Discussion Thread 204 replies
Ranging Vs. Trending 5 replies
Ranging vs Trending Correlation 8 replies
DislikedHere is one that has been easy money all last year.. WMT off weekly range.. Buy low 40's sell 45-47..Ignored
DislikedAnd then what happened to AT&T Wireless. It was sold to Cingular which is now called AT&T. The more things change, the more things stay the same.Ignored
DislikedOn first look at these picks I think I disagree with almost all of what they are expecting.Ignored
QuoteDislikedOne example being:
DELL 20.77, +0.29, +1.4%) is expected to report fourth-quarter earnings of 36 cents a share, according to analysts surveyed by FactSet Research.
QuoteDislikedEven if they were delisted (?) for a short while, it is immaterial now if they are still profitable and have corrected their earlier problems.
QuoteDislikedMany of these stocks have already had big down moves in their prices. Sure they can go lower but realistically look at another example HD which has an alltime high of $70 and is presently at $28.91 with major longterm support at $20. Can it go down there, of course. But based on current earnings estimates that would give it a PE of 8. Hmmm.
DislikedI almost completely trade based on TA and only occasionalky look at the fundamentals and so as far as oil goes I watch NYMEX and the price at the pump.
But my opinion of these three are that the chart is not looking pretty. All in downtrend and amazingly in lockstep. What I do notice (might be hard to see on my pic) is that HOC is presently above its 89 XMA, but it looks like it might want to fill the gap from two weeks ago before possibly moving higher.
In EW count looks (might be a bit of a educated guess though) 2/26/08 was a wave 4 of wave C high, so if this is right a wave 5 of wave C could be coming shortly. Then the move higher, much higher with a new 5 wave impulse. This is on VLO, don't have time to look the other two over.
But until I see price confirmation I don't like 'em.Ignored