Watch the $25.27 "Necktie" intraday support. when two MA's converge together like that it is usually very strong and not likely to break.
Good luck today. Invest wisely and be careful out there.
-DL
Disclosure
Long GOOG, 75%V, 70% PWRD
Short USO
Wednesday, May 28, 2008
Watch the PWRD pullback
I am on the run again today so I will do my post later this afternoon. But if you have been trading PWRD with me, congrats to us we are up nicely now. Watch PWRD potentially pull back though if it doesn't clear the 50/200DMA from a 3 month perspective. However, if it does pull back, this is the point in my opinion to add position:
Watch the $25.27 "Necktie" intraday support. when two MA's converge together like that it is usually very strong and not likely to break.
Good luck today. Invest wisely and be careful out there.
-DL
Disclosure
Long GOOG, 75%V, 70% PWRD
Short USO
Watch the $25.27 "Necktie" intraday support. when two MA's converge together like that it is usually very strong and not likely to break.
Good luck today. Invest wisely and be careful out there.
-DL
Disclosure
Long GOOG, 75%V, 70% PWRD
Short USO
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8 comments:
Just wanted to get your thoughts on ENER, looking at the charts I'm amazed folks havent started taking profits. Everytime it looks like we are going to start downward it finished up for the day.
Great call on the pullback!
I added some more at $25.38. What do you think how this will go from here?
vincent,
I think you are looking good with that buy. I actually placed my order today at 25.30 and i missed it by 3 cents! But tomorrow I hope it'll just have a little pullback and then hopefully the stock will have enough legs to blast through the resistance. Good luck to us!
cj,
I will look over ENER when I get home. You are right though some of the solar names have just been acting very irrationally. Stay tuned.
Hi XMAN,
I have a question regarding day-trading. Early minutes, just after the opening is quite dangerous/erratic because you don't have any idea how the stock will behave.
From your extensive experience, when it is a good time to pull the trigger? I mean, what time you think that it will be good to have a good evaluation of everything?
Thanks
Apropos of nothing in particular, according to the BBC, the 30th May is the day of the year which historically has seen the largest average falls in share prices - on average they go down 0.4% or so.
That is not to say such a fall occurs in any given year of course, or that it is a useful guide to what will happen this year - but interesting nevertheless...
(Apparently the average rise in stocks on any given day is +0.04%)
Just a share, i have furniture colection (fine hand made).
www.empirexport.blogspot.com
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