Margo's Swing Journal

Quote from mattjclark:

Where has margo gone?

I was just starting to learn something.
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actually only thing missing for this thread is the daily/weekly? scan list, how many chart does it take to hammer the point buy support/sell resistant ?
 
Can't remember who it was on here but they were calling for a breakout the last time it was at these levels. Sure, it might but longer term this dog points lower......much lower. As a matter of fact, pull the weekly views of some of your favorite big big cappers......WMT (eventually tanks to $20.00) & MSFT (say hello to $18.00) for example. IMO, they'll be the last to go....or should I say crater before the Great Bear ends.
 

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You wanna buy this breakout? Here's some advice before you pull the trigger....go read what Edwards & Magee think about a big "gap suck" like this one has. Maybe there's a CANSLIMER in the house who's stupid enough to push this up a bit further to give us smart traders a low risk in.
 

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I would have already taken a short in this had I spotted last week. Unfortunately, I didn't so here I sit hoping we'll get some sort of santa bullshit rally this week and it'll push back up to the upper trendline.
 

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I don't know when the stock market began. BUT, I do know all this crap I post has been used since it did. In other words, it ain't complicated. It's S-I-M-P-L-E. So, you wanna buy this if it busts over the parallel line (when I go short) and make me suck your knee caps? It may happen, but the odds are against you.
 

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I got burned for a small loss the last time I traded it. I'll look for some redemption on a push up to the stick highs with a smaller position and a tight stop.
 

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