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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: mred1998 who wrote (40940)	3/28/2005 3:11:41 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 206323

Mred, Any speculator's positions have to monitored with a couple of things in mind, and since only you know them, it's your job, in fact it's job 1: your overall time period, your desire to lock in gains and willingness to sit out and reenter at lower prices, your capacity to give back profits. I will look at these charts very simply from a daily pattern. The daily patterns will reveal the near to intermediate term probabilities (not predictions or can't-miss scenarios), say for 1-4 weeks, perhaps longer: CCJ: this daily chart is definitely bearish, money (CMF) is bleeding out, stock is making a lower low today, having made a lower low off the 48.92 top. (Admittedly, the 2nd higher top could have thrown off punters, but a trailing stop would have put you out of this one then.) 10% of the stock's price has evaporated, a 5% trailing stop (or a 1.5 x ATR of max $3) should have been placed at the $49.49 high ($47.00 or $46.49, I'd go with the latter). As for right now, you have a stock testing the 50 day, it may be possible to trade out slightly higher on a bounce ($43???), but it's probably not a stock to be in right now and exit plans should be made: stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G CNX: Not yet bearish, but it is in a 5 day pullback pattern off a strong chart, but in a weakening market. A tight stop would have you out; I'd have a stop at 44.91 here and raise it to 2 x ATR (about $3.00 off the high) if this thing recovers and rises. If it doesn't you'll be out. Many indicators that I look at via tcnet point down; can't show them on stockcharts. stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G BTU: BTU I like, I made nice money in the spring with call spreads, but I think its intermediate term character may be changing here. Today will be a lower low after a lower high, it would be wise to take precautionary measures and set a stop where you think the trend has definitely changed. $90 is one area, where it is right now is already another area that looks bearish rather than bullish: stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G These are ideas from my timeframes and my own risk reward analysis. I would be (and am) out of all of these names; on the other hand, others looking at weekly patterns or coal prices might be happy to weather this spring storm and roll the dice going forward. Kb