Intraday/Swing Plays

How is the condition of the trend determined? I pretty much just look at a couple of sectors sox, rlx, bix, inx. And look at a short time frame 3 or 6 month daily chart, to determine if its at sup/res, breaking sup/res, or in the middle. I just dont make the time to try to study larger market sector rotation. I figure it would help to get a feel for the current market conditions. So what is this info you posted telling you? Cant tell what numbers go where either.
 
Originally posted by Seanote

I'm not sure if the board reads these posts on my mkt commentary and swing plays. Should I keep posting this type of info or am I creating unecessary reads? Thanks.
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seanote,


dont stop! imo you´re providing excellent stuff and this is one of the most interesting threads on elitetrader!

keep on moving man


kev
 
Seanote,

You are providing a good service to those who need it, especially for a "rookie" investor who does swing/position trade.

Keep writing and I love your posting daily even though I can only read it in the evening.

Good luck on your trading.
 
Seanote,

Please continue posting. I also find your postings, results and work to be inspirational and look forward to more. Thank you for what you've shared so far!

- David
 
Mideast turmoil worsened over the weekend which is scaring the markets into negative territory. Expect the DOW to decline to recent lows while the S&P and Nas are in a weakening condition now moving through support. Watch for a low aroung 10:30 am est. today which should offer a good trading opportunity bouncing back to last week's lows.
 
PFE - Short
Stop: $39.40
Target: $34.50
Friday's big volume breakdow appears to be a continuation of the long term down trend.

T- Short
Stop: $16.70
Target: $13.80
AT&T has broken all short term support levels. Any upside move will run into significant resistance in the $16 area. There is no relief insight in a 2 year down trend. Long term support @ $11.00.

FWC - Speculative Buy
Stop: @ $2.55
Target: @ $4.50 (Long-term)
Last Wed. dip to support appears to have held. The pattern looks very good and the best index measured by cap size is small cap.
 
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