Tuesday, October 19, 2010

My next short.



The link up there directs you to a chart that looks real good for a short position. That stock has been on a tear for the past couple of weeks. Today it gapped up huge and is now floating way above the bollinger bands. It had a spinning top type candle today, usually signaling time to take profits. Along with the reversal candle, most of the indicators are showing overbought. This puppy could still have some steam left in it, but my technical analysis shows that it's likely to have a pullback tomorrow. Let's see what happens....

18 comments:

  1. we shall see... should pick itself up though

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  2. Whoa now this is a blog with something I'm interested in. Been looking into stocks recently but just dont know what to believe anymore. Ill be checking you out in a straight way

    Thanks for stopping by my blog too I appreciate it

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  3. Heard this thing kept going. Still think it's gonna drop?

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  4. Hey, I started a blog on market trading too. Check it out, broski!

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  5. Nice charts hope it will rise up :)

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  6. That's pretty cool. Thanks for the information. Looking forward to the outcome.

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  7. I should take a look... sounds cool :)

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  8. hm good info! awesome blog, you got a new follower.

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