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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (43060)4/29/2005 8:58:39 AM
From: CommanderCricket  Read Replies (2) of 206319
 
Dabum,

This is where I have made my money in energy. I'll be looking for E&P stocks on my watch list to test their major movings averages or past support.

KCS is great trader for this set up. Would not be surprised to see KCS break below support for a day or two.

Daily

stockcharts.com[h,a]dacayiay[pb13!b20!b50!b100!b200!d10,1!f][vc60][iub14!lf!lc20]&pref=G

Weekly - $14.02 is critical here for LT support

stockcharts.com[h,a]wacayiay[pb13!b20!b50!b100!b200!d10,1!f][vc60][iUb14!Lf!Lc20]&pref=G

If sentiment looks better this morning here's my plan. I want 10k shares for a full trading position and will buy 5 lots spread between $14.15 today and $14.40 on the upside.

First sell targets is the 100dma at $15 and change. Will sell the same way as purchased.

First buy after 9:50 if green

Hard stops at 2% per position although usually sell before approaching if it not working.

For disclosure I also hold a LT KCS position. Plan to hold through winter.

Michael - kids don't try this at home.
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