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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?


To: Quasi2 who wrote (4378)3/8/2007 1:53:11 AM
From: bumblin bob  Respond to of 6865
 
I agree on the BB being a strike, but to be honest, on a short term trade I usually worry more about volume. I'm sure that I will change my mind about that the first time I get seriously burned on a BB stock.
The similarities on the charts are eye catching. I haven't done a lot of research into "why" uranium stocks are doing so well, but the current push for "green" fuels seems to be behind it. The choice is either coal, natural gas or nuclear and if you can't use coal (TXU buyout) then you have to use one of the others. I'm sure that others have noticed the sector too, so I'm hoping that URZ is next up for a nice breakout. I guess I'll find out soon enough.
If you or anyone else here are interested in the energy sector and don't already know about Big Dog's Boom Boom Room, I highly recommend it:

Subject 50987

While most of it is still WAY over my head, the posters there are a wealth of useful information.
Have a good night.



To: Quasi2 who wrote (4378)3/8/2007 8:43:28 PM
From: Davy Crockett  Read Replies (2) | Respond to of 6865
 
<<Ascending triangles are one of my favorite entries on the breakout, or if I miss it on the pullback to support. I like to see them form with a nice flat top, well defined upsloping lower trendline and most important at least 3 or more positive touches on the upper resistance and lots on the lower. Don't often find them like that but gotta like it when you do.>>

Agreed & thought it was well worth reposting..