Allan B Tidbits

Trading stocks is not easy. If it were, then everyone would be doing it. Since I am not able to monitor the market fulltime, my trading style is in a state of flux depending upon the current market conditions. For the past few months, my positions are very short term...3 days max...with very tight stops. I try to make entries/exits at certain moving averages and trendlines. My cardinal rule I try to follow (most of the time) is: Trading what you WANT the market to do, instead of what it IS doing is always dangerous. This blog is here to stimulate thought. Enter positions at your own risk.
  • SPWR 90908

    Notice price movement turning at predetermined points. That's no accident. A bounce @ 75...or 72 is very likely. http://screencast.com/t/ccSfSWhRa7q...

  • GS 90808

    this is another stock with disciplined traders. look at today's price range. opens at 50sma...pop up to 50% fib...drops down to 20sma. that action was no accident. upside targets: 38% fib line (176...

  • POT 90808

    http://screencast.com/t/jpZI0iZVbkT...

  • ABK 9/3/08

    The trades of this stock will be chronichled on its journey to $40. If you have any questions or suggestions on handling this long term position, please feel free to comment. http://screencast.com/t/5oicgHgcXX...

  • XHB

    http://screencast.com/t/RHXxrF2V9sc Housing is one of the first sectors to decline since 1/07. Notice how it's recovering nicely since July/08 and is in direct relationship with DXYO (dollar). The...

  • WATCH 9/2/08

    RIMM - may bounce to 126, closing gap...could then go back down (gap and crap). will be volatile. AXP - may breakout TOL - preparing to test '08 highs ABK - my best long term play MBI in same sector...

  • ABK 82808

    I have a modest position for my IRA. Last year at this time, it was in the $60s. The strategy I use will be based on this tenet: sell into strength...buy on weakness. As we near targets, I like selling...

  • GS

    This chart shows a few things of note: * longterm support/resistance trendline, * double-bottom coincides with fib line * every rally since April/08 began with a gap up from the fib line or the longterm...

  • POT 82508

    http://screencast.com/t/hvGiFWojUhW after 3 days of churning at the 20sma and ascending trendline, looks to visit the 200sma...170.21....

  • AAPL 82508A

    http://screencast.com/t/QapA2EpUIhy target is 50sma for the remainder 1/3 of puts for the record, last week, i bought AAPL Sept 175 puts APVUO @ 6.4. today, sold 1/3 @ 7.3 another 1/3 @ 8.0 i'll be...

  • POT 82308

    *Downtrend since 6/19/08 *8/19...bounced off 200sma from ascending trendline *8/21...stopped at 20sma and ascending trendline *8/22...inside day, consolidation At a pivot point here. Can visit 200sma or...

  • PCU 82108

    PCU runs with FCX. Yesterday, I mentioned it when Bagger liked FCX. Yesterday's move was very notable: * gapped up over long term support which served as resistance over the past few trading days ...

  • AAPL 82208

    Sitting on support after bouncing from descending trendline. A close above trendline may suggest a visit to June highs. If breach 8/22 low, may suggest a visit to 50sma....

  • POT 82108

    oN 8/19, POT bounced from 200sma after pullback from long term trendline. Today it closed right under long term trendline. If it closes above this trendline, target would be 50sma...$206. If it decided...

  • BIDU 82008

    BIDU gapped up, closed above 50sma, closed above long term trendline, closed above short term term trendline and bounced back down from 38% fib retracement. This action could be a reversal of the short...

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