Wednesday, July 30, 2008

BreakOuts & Stock Setups







9 comments:

  1. Stewie,

    Thanks a million for your MEE pick today. At work this morning I thought I would glance at WallStreak and I just happened to catch your alert pop-up on my monitor. I reviewed the MEE chart ...looked good ... and I bought some immediately. Thanks to you I earned about $50 in about 20 minutes.
    As others, I really appreciate your willingness and openness in sharng your knowledge and alerts. Any extra $ I can earn helps tremendously. (The bills don't seem to slow down with 3 kids.)

    Question: Would you recommend buying IPI in the morning before the market opens and then plan to sell IPI when the market opens when IPI will porbably/hopefully will go up??? Am I too late to buy IPI??

    Thanks again Stewie. (Your name is becoming a household name around my home. I live in Alabama)

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  2. If oil continues to sell off I think these coal plays might be forming the right side of the shoulder vs a break out of the downtrend. That is if OIL still = 1 Giant Commodity trade, which I have no reason to believe has changed. ANR def. head and shoulder territory at $104. Have yet to trade a H&S pattern and will be watching it closely. There are also a lot of news related hedge fund issues with ANR and CLF.

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  3. I love this guy. Stewie read this! Wish I switched to ANR, was starring at GDP till the close.

    http://www.fundmymutualfund.com/2008/07/bookkeeping-cutting-some-goodrich.html

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  4. Good setups, ENER should run from here.

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  5. rc: i like that ENER too bro. lookds yummy, also IPI looks swwet. i have 1000 ONH in IPI.

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  6. stew
    i was short coal and steel most of the day and caught MEE for a nice long side trade in the afternoon-if i remember correctly, it was forming a beautiful bull pennant at the close

    upsidetrader

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  7. WTG upside but the market created an yet another optical illusion for the bulls. these pattern looked ripe for follow thru and reversed their path today. I got screwed holding GDP and IPI overnite. all those patterns are back to neutral now and we'll have to see how they develop from here.

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  8. stew

    long term investing has been cut to about one hour

    upside

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  9. lol. i have been living in the 1 min charts.

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