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Kevin's HEADS UP - thoughts breakouts trends etc - Page 117

post #2321 of 2973
Quote:
Originally Posted by binks View Post

Well I am a boss.

 

2010-12-10-13-49-55396474184.jpg

post #2322 of 2973
Thread Starter 
well it was tempting to seel some PVA at 7.00 but i didnt ....will be ready tomorrow to sell quick if it doesnt stay green lol
post #2323 of 2973
Quote:
Originally Posted by kevin1612 View Post

well it was tempting to seel some PVA at 7.00 but i didnt ....will be ready tomorrow to sell quick if it doesnt stay green lol

id like to see 9

post #2324 of 2973

Go PVA 7.24 now

 

RSI is showing wayyyyyyyy overbought so I'm watching closely

post #2325 of 2973
Thread Starter 
Quote:
Originally Posted by binks View Post

Go PVA 7.24 now

RSI is showing wayyyyyyyy overbought so I'm watching closely

nice start to the day...
post #2326 of 2973
Quote:
Originally Posted by binks View Post

Go PVA 7.24 now

 

RSI is showing wayyyyyyyy overbought so I'm watching closely

 

Overbought areas in a Stage 2 markup often respond a little differently because the presence of sellers has been vastly eliminated. The moving averages tell you that as both short term and long term are supporting the move.  The sellers that turn up naturally are just guys taking a little profit.  Not only that but when looking at the volume profile, look at how light the VBP bars are to the upside.  This indicates only meager resistance until the demand test.  Now those are not static.  They are obviously dynamic and can change at any time, but right now that's all we have to go on until they do.

 

3AHIO.png

post #2327 of 2973
Thread Starter 
been away the past coup days....got stopped out PVA yest...UNG & BOIL still doing me well
post #2328 of 2973

im still in pva with my dec calls

post #2329 of 2973
Quote:
Originally Posted by kevin1612 View Post

been away the past coup days....got stopped out PVA yest...UNG & BOIL still doing me well

 

Took some profit on Tuesday ..... wanted to add when it hit 6.50-6.60 but market conditions today made lower prices unavoidable.  I'll find my next long spot soon.  

post #2330 of 2973
Quote:
Originally Posted by Rock Sexton View Post

 

Took some profit on Tuesday ..... wanted to add when it hit 6.50-6.60 but market conditions today made lower prices unavoidable.  I'll find my next long spot soon.  

everything was down today.

post #2331 of 2973
Thread Starter 
Quote:
Originally Posted by binks View Post

everything was down today.

uhm not really...UNG & BOIL were nice to be in again on a down day biggrin.gif...but im not flipping them...just holding
post #2332 of 2973
Quote:
Originally Posted by kevin1612 View Post


uhm not really...UNG & BOIL were nice to be in again on a down day biggrin.gif...but im not flipping them...just holding

 

you know what I meant, most things;)

post #2333 of 2973
Quote:
Originally Posted by binks View Post

everything was down today.

 

Yup.  When it's a risk-off day like that there is nothing we can do about it.  You can thank the lovely high frequency trading systems which dominate the market.  There's no arguing with them.

post #2334 of 2973
Quote:
Originally Posted by Rock Sexton View Post

 

Yup.  When it's a risk-off day like that there is nothing we can do about it.  You can thank the lovely high frequency trading systems which dominate the market.  There's no arguing with them.

 

Nope

us retail investors just have to sit by

post #2335 of 2973
Thread Starter 
nice easy close to a decent week is all im looking for today biggrin.gif
post #2336 of 2973
Quote:
Originally Posted by binks View Post

 

Nope

us retail investors just have to sit by

 

It's out of the downtrend that was  there on the 15min.  Forming a nice new value area around 6.50.  Has support of VWAP and the 30ema on that chart as well.  There was a stop volume on the opening of the 20th on the 60min chart, so these lows are just secondary test lows for extra accumulation ..... when the market allowed for some more discounted pricing yesterday.  Nice 400k climax stop volume this morning too.


Edited by Rock Sexton - 6/22/12 at 2:58pm
post #2337 of 2973
Quote:
Originally Posted by Rock Sexton View Post

 

It's out of the downtrend that was  there on the 15min.  Forming a nice new value area around 6.50.  Has support of VWAP and the 30ema on that chart as well.  There was a stop volume on the opening of the 20th on the 60min chart, so these lows are just secondary test lows for extra accumulation ..... when the market allowed for some more discounted pricing yesterday.  Nice 400k climax stop volume this morning too.

 

You know too much, you need to leave.

:)

post #2338 of 2973
Thread Starter 
very nice start to the week...even WMT is green with a couplke other plays wink.gif
post #2339 of 2973

Updated 60min PVA chart ..... nice 1 month POC building here at the 6.20 level.  

 

MwAUW.png

post #2340 of 2973

PVA 6.60 high today so far.  Very nice move above the 1 month 60min POC.

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