BSGrinder I'm still short the same ones I've been playing. Have covered a few and re-entered, over the last 3 mos. Just about covered IBM and BRCM a few days ago, but backed out. IBM looks like it could dump another 10 bucks here soon. I'll stop out at 100 in case I'm wrong.
IBM, WHR, BRCM, EBAY, BZH, KLIC, BRKS, MMM.
Right now MMM and WHR once again look pretty ripe. BZH and some other home builders looking top heavy as well now. I'm behind in BZH, but not concerned. Currently my smallest holding. May add here soon.
I've lots to learn and find SI very helpful. I'm spending time over on Shack's board of late. My weakest area is trading and the guys over there have some excellent knowledge applicable in this area. For example I have not covered IBM because of the support areas on the charts, and perhaps more importantly it appears to be in the midst of 3 of 5 down. Stuff like this you can learn by following Shack and his pals (take no offense Frank). There is some science that can be applied to this racket.
Subject 51095
The main thing as far as I'm concerned for the intermediate term is to fully cognizant of the mega trends. The only two mega trends I see are broad markets down and PM's up. This is most visible by looking at longer term charts, something fewer and fewer folks seem to do. |
