Contrarian Investing Message Board

STOCKTALK

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 : Contrarian Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: MACD X	11/2/2006 12:07:02 PM
	Read Replies (1) of 4080

The charts on the energy funds. From what I can see on the stocks that are charted below is that almost all are just a little ways above price support. This suggests to me that there may be more downside, but just a little. Placing a buy order at support or just above seem appropriate with the hope that price bottoms at support and you get filled. Which will likely be the case, Then a stop can be place just under support leaving a low risk trade on the table. Another thought would be to wait on confirmation that an uptrend has occurred, in case of the falling knive senirio. stockcharts.com stockcharts.com stockcharts.com stockcharts.com stockcharts.com stockcharts.com stockcharts.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next