Yet another TA munblings thread...

Quote from Sharp2be:

I know, I know. I keep hearing from people, what's your problem? Looking for longs when the market is saying "short". Here's Wal-Mart.

The daily chart shows it has bounced from the 45.50 area which happens to be the 50% fib retracement from 12 to 49 - no? Look at the volume activity on the up days or recent rebound. What does that tell you?

Likely that some big fund managers believe WMT can benefit from the weak dollar (and I guess much more, I'm no an economist) - Right now the chart is telling me: Buy if it breaks the high of that inside bar and have your stop right at $47 (not a recommendation, just an idea).

<img src="http://www.tradeforgain.com/wp-content/uploads/2008/01/wmt-d.png"></IMG>
<IMG SRC="http://www.tradeforgain.com/wp-content/uploads/2008/01/wmt-w.png"></IMG>

http://www.tradeforgain.com/trades/trading-idea-wal-mart-store-inc-wmt/

(disclaimer: not a recommendation).

Sharp2be
www.TradeForGain.com
More...

2008/01/22-Guess this one is working ok...
<img src="http://www.tradeforgain.com/wp-content/uploads/2008/01/image233.png"></img>

http://www.tradeforgain.com/
 
Currencies fun... :D

http://www.tradeforgain.com/trades/nice-day-eh/

<img src="http://www.tradeforgain.com/wp-content/uploads/2008/01/image254.png"></img>

<img src="http://www.tradeforgain.com/wp-content/uploads/2008/01/image253.png"></img>

Looking for a good indicator? Here you go.
<img src="http://www.tradeforgain.com/wp-content/uploads/2008/01/image250.png"></img>:D
 
YM fun using Pivot Points, Volume and FTD...

Feb 07 2008

<img src='http://www.tradeforgain.com/wp-content/uploads/2008/02/image40.png">

Feb 08 2008

<img src="http://www.tradeforgain.com/wp-content/uploads/2008/02/image43.png">

cool :D

www.TradeForGain.com
 
YM fun using Pivot Points, Volume and FTD...

Feb 07 2008

<img src='http://www.tradeforgain.com/wp-content/uploads/2008/02/image40.png">

Feb 08 2008

<img src="http://www.tradeforgain.com/wp-content/uploads/2008/02/image43.png">

cool :D

www.TradeForGain.com
 
You must log in or register to reply here.
Back
Top