Wednesday, November 5, 2008

Two Heavy Weights To Watch


9 comments:

market folly said...

stew i think these wedge right into the moving averages and set us up for the next leg lower. what you think?

now that i've said that, watch them rally hard above the averages haha

Matt-SF said...

Nice find with GOOG.

Checkout the formation on CHK. Buyout rumors aside, it's a decent looking chart.

gamingthemarket said...

Stewie, I want to ask you about inverse H&S patterns vs. wedges. Like the daily chart on DAL at $10. What determines breakout vs. breakdown at resistance?

Cliffynator said...

yay! Back to stocks! Ok Stewie, I'd like to make sure I've been taking good notes. Are these both Bearish flags? Look to short GOOG around 370, and AAPL around 108? Or do you only wait for breakouts?

Anonymous said...

I think both are soon going to break down and establish a lower low...GOOG ~ 300

Anonymous said...

long QID @ 69

Anonymous said...

Muahahah...EEV @ 100

Anonymous said...

EEV 102 / QID 72.34.......i'm out for the day .peace!!!!!!!!

Stewie said...

gamin: to me a reliable breakout or breakdown is marked by VOLUME. DAL breakout at 10 looks great but do you really trust bullish setups in this market? i don't.

matt sf: CHK looks interesting but i ask you the same question as i posed Gamin, do you really trust bullish patterns in this market?

Anons: great trades in EEV, QID etc. sweet moves last couple of days but think we came down too much too fats and we should expect a counter trend bounce very soon but don't forget the overall trend is down.

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