Hi Rashid,
Like you (my turn to say it) I've a similar stable of stocks that I study and trade. Of necessity, most are not gizzards, however the recovery since end of Sept has created some good patterns in stocks that currently allow for nightly scans. If things start to go south again, I'll return to my stable to find ponies to ride daily and forego the gizzards and most of the pattern scans.
Keep an eye on ONIS tomorrow. Might bounce in a good market, but if it breaks 8 then could head to 6.5 in a sell off market. FFIV volume is lighter than I usually care for, but the movement is good. I'm still learning EXTR, but it's paying for the education, not me.
For a while I think we can play the make or break tricks - along with the stable stocks. I haven't done QLGC, NVDA or the others that ran so hard in OCT and early NOV for a while now. They seem to be starting to roll over like NVLS, KLAC, and the other semi equips did back in the spring, but nothing ever repeats the same so got to figure a new angle this time.
FWIW, futures up about 11 vs fair value on NAZ at present. Morning rally? Midday swoon again? No word on OBL, but if Taliban decide to stand and fight (as reported Mullah Omar has ordered), it should be over soon. Relief rally as the ST top?
Peace and Justice --- Patrick |
