SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Aardvark Adventures
DAVE 208.87+2.5%10:49 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ~digs who wrote (816)12/18/2004 3:31:10 AM
From: jmiller099  Read Replies (1) of 7944
 
I went in around market open for 8.23. If I wasn't in the shower at the time, I would have daytraded initial trade and sold out near 8.42 for a lower entry in the low 8.30 range.

I was going for PAL, not the metal! it bounced off of 200 on a break through of it and successful retest. The 40 is near the 200 at this time, so I figured we may have resistance there and then some clearance once through.

stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!Ul14!Ub]&pref=G

I bought for:
Volume support on breakthrough
Volume support on backtest
Support at EMA with a small resistance a bit higher
Divergence in strength between the metal and the miner (metal went down and the miner showed strength)

PS: don't know why I typed 8.6 in initial post... Looks like that was the open price on the backtest of the EMA. I should have typed the close of the day, was late and I Was tired I guess!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext