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Just a quick note on MU that I covered. Goldman analysts have done this routine in the past where they rated a downtrending equity a "sell" right after a notable low. I remember they did this with VSE. They have done this countless times and it becomes a game of chicken. Do you listen to...

The name of this website is elitetrader.com not eliteinvestor.com. We dont need 3 page speeches on why we shouldnt risk our money on Grow. The nature of trading is indeed very risky. We know the risks on Grow. Some hours ago I was throwing money at a company that was accused of tax...

I did a quick retracement. 28.2 should be an exact retracement and fill the gap in trading.

The move was too fast today and went too far over the top Bollinger Band. The top band needs more time to rise before it can move that quick. Unfortunately, it just created a hanging man on the chart and I did notice a small gap underneath. I say get back in between 29-30 area when the small...

All I know is that the underfoot gap was filled and the Fibonacci 50% retracement complete. As I said before, its going to 30 and maybe higher. For trade purposes, I will be out at 30. The filling of that gap is a bullish sign. VERY BULLISH. As for arrests, I dont care.

I'll go into that later, but let me walk you through the formula real quick. You have a large cup staring at you combined with a triple top. The triple top partially completed. I would have liked it to dip down to 41 for a good completion to that triple top. My thesis is that if it...

All I do is watch charts, I dont care about deals or anything else. The only thing that has told me the truth is the chart. All else is hype by touts.

GROW may seem like its in a mania, but the rise in price is perfectly in sequence with the primary trend channel and Fibonacci principles. Its a very healthy chart and I see it rising right to the 50s by May.

JSDA B.A.R.F. JSDA B.A.R.F. JSDA is entering B.A.R.F. mode. It has escaped its primary trend channel and moving up a secondary channel in a manic pattern. The ADX, OBV and A/D are showing signs of manic buying. I have made a few calculations, but its difficult to make an accurate price...

I actually only use one primary indicator and then use the others to confirm the primary. Then there are some indicators I use to get the larger picture and dont use to day to day trade.

JSDA B.A.R.F. JSDA is entering B.A.R.F. mode. It has escaped its primary trend channel and moving up a secondary channel in a manic pattern. The ADX, OBV and A/D are showing signs of manic buying. I have made a few calculations, but its difficult to make an accurate price target when...

AMEX XBD Broker/Dealer index 15/30 MAs about to cross/MACD has crossed watch the broker/dealers for buy signals

Buy it, going to 30. Actually, the only chance to get it under 30 will be in premarket by my calculations.

This is a good one. JTX- That little drop scared you huh? Tax fraud, yeah? My chart should instill some confidence. Look at the Fibonacci retracement and the gap. The drop filled the gap and did a 50% retracement to boot. This is a highly bullish sign. I am making the price...

The correction from 36.114 is complying with Fibonacci retracement principles. If Mr. Fibonacci is correct then the next step up will be ((36.114-11.22)X1.618)+17.394= 57.67 I subtract 3 from the above and round it. I say 54. Straight shot to 54 bucks and the pivot point will be in May.

I dont mean to use his picks as a long term investment, but a focused short-term trade to long/short. I view Cramer as a volatility event much like the rumors of hurricanes today was a volatility event. The volatility event comes and sends a price shock with volume. Sometimes the effect...

GFI- I looked at a few mining stocks previously and they trade all over the place like a wild horse. They are not as simple as the other stocks where we can throw down a MACD or have two moving averages cross. These mining stocks are not safe predictable trades. I wouldnt trade these...

Volatility event on MU tommorrow. Lets see if this pans out.

Wait until Sunday and I'll throw up a scoreboard.

I was just watching Mad Money and the bald man was talking about how some people use his show as their "research department". On a side note, the bald man has been doing well lately. Im looking at this JSDA stock that keeps soaring up to new unbelievable levels without stopping. All his...