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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: sixty2nds who wrote (8607)3/26/2006 1:25:05 PM
From: hubris33  Read Replies (1) of 13449
 
Sixty2nds

Thanks for the comments. I appreciate a different view as one gets stale agreeing with one's self! <g> Thats said a here are my current views of the stocks.

Yes, that dark cloud cover on EGY does not look promising, though there is room for it to pull back to the MA and continue. While the volume does not appear to support an upside, two indicators are suggestive of a trend change and money flowing in. That said however, catching the breakout, was positive and profitable as I tend to have a shorter focus. Of course renewed volume and a break above Friday's high might present renewed opportunity?

stockcharts.com

MNG is also a victim of my short-term trading tendencies. The profits from such are safely banked. The bit of a topping tail causes concern though classical local methodology would continue the trade until a percent loss of previous day low would signal retreat.

stockcharts.com

CDE has room to run till OLD resistance at 7.69. If silver can sustain over $11 CDE has upside. Four days of parabolic increases appear to be the max for this year before taking a breather.

stockcharts.com

NTO also suffered the short-term scurge of banked profits. This pattern of dark cloud cover on increased volume is a bit troubling though fundamentally more upside should be in the cards.

stockcharts.com

H3
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