Thursday, July 29, 2010

Direction's to Bear or Bull Pen Please?

OK, some lucky Trader out there today made some $$..  "R", congrats.. nice stock pick by the way IRBT, up $1.35. Nice very nice. I still like your pick, butttt it could have made its high.. I think that Tomorrow will tell the tell for Bulls Vs Bears.  The nice thing about our Mkt. system is that no matter what happens we usually always have that scenerio going on somewhere in the system.. stocks going up and some going down.  Now to Tonights feature Presentation...    R, and RK,  and any other lucky viewer out there in Cloud space we are in a trading range that can of course go either way... Hence Tonights feature title!  $SPX is stuck between 1113 break it we go up.... 1090...  break it we go down... its just that simple.. Annie get your Gun... have your trigger finger ready, the fight is on.   Joeseph Russo, is one of my favorite Elliot wave guys, I do not talk about him because his articles are just usually short but his charts speak wonders at times so he updated some charts over at Stockcharts.com  take a look, and here is his article to boot.. have a great night.. whatch those supports in the morning..along with GDP later>L   http://www.safehaven.com/article/17520/batter-up-game-on               http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID676791

2 comments:

  1. L,

    We will see what happens tomorrow. I sold my long CLF from yesterday and bought X on short side. check these two...high beta and also they give us time to react unlike ETF's.

    I am looking for a stock picking blog..Please let me know if you come across any.

    Check traders-talk.com forum..guys do good analysis mostly looking at momentum.

    Humble Student blog is great. I hope he is right with the top call. Thanks.

    IRBT looks like a good stock for long term...will wait for good entry. Thanks R.

    RK

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  2. irbt good entry at about 13-15 in October.

    L, I think we just might get a truncated 5.

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