Sergio, I did not initiate position today on FORD..It is again on my watch list for tomorrow...I did not pull the trigger yet, because of overhead in the 3.25-3.50 area...Today my HV thrust gave a hit, telling me to keep my eyes open...I have Fridays off, so I will be able to trade for a few more hours tomorrow than normal...I would like to see a two day hold above 3.25 on the bid, to make me convinced we are going to sit on top of the pattern....Note how IFCI sat on top of the pattern on day 1 with close of 7.06, and then on day two we had confirmation by a close above 7.00...Appreciate you sharing your picks Sergio, you have some good ones....
A word to SKANE on Tava....Remind me to run my Lizard Bull scan on strong stocks where we are trying to find a bottom...The Lizard Bull looks for stocks hitting a 10 day trading low, where today's high low range is the highest in the past 10 days, and the stock closes in the top 25% of its daily range...TAVA did that yesterday,SKANE, so it was a buy today on a move above yesterdays high...Would have made you a good point....Sorry, I didn't take more time on it....I guess the reason that I called it old meat, is because, yes, it would get a reversal kick, but once you get moving you have all that old overhead to contend with...I like to find stocks with blue skies on the horizon...
For you grandma lovers, my TRBDF, has moved above 10 and looks like it wants to challenge its old high...
Regards, Mark |
