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

To: CommanderCricket who wrote (135167)6/16/2010 9:54:58 AM
From: Triffin  Read Replies (1) | Respond to of 206131
 
"then it should be ok for a trade."

One would have to figure for some resolution from the
BP executive's meeting with the President and tomorrow's
Congrssional Q&A session ..

Still want to see a 'capitulation' by the daytraders first ..

Triff ..



To: CommanderCricket who wrote (135167)6/16/2010 10:34:11 AM
From: Salt'n'Peppa  Read Replies (1) | Respond to of 206131
 
CC, the 5 day trend (and 1 month trend) for BP is still down and I don't see a compelling reason to buy it yet for a day-trade).
The trendline channel is approx. $28-$32 and it is right in the middle going sideways.

The 1 day trend is flat as you pointed out. It can break either way so the IMO best strategy is to just watch for now.

Cheers,
S&P


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