MrHanky Posted January 23, 2010 Author Report Share Posted January 23, 2010 There is only one bounce I might try to catch....the 200 day on the spx At 1007 and still rising,probably will get up to 1020 by the time we drop some more...... Link to comment Share on other sites More sharing options...
Charmin Posted January 23, 2010 Report Share Posted January 23, 2010 An American Icon: Burgers & Fries will never let us down no matter how much we suffer. MCD http://www.StockSharePublishing.com/ChartL..._1264207127.png Link to comment Share on other sites More sharing options...
Charmin Posted January 23, 2010 Report Share Posted January 23, 2010 There is only one bounce I might try to catch....the 200 day on the spx At 1007 and still rising,probably will get up to 1020 by the time we drop some more...... 4th gate of confirmation happens repeatedly in all time frames - weekly next http://www.StockSharePublishing.com/ChartL..._1264207503.png Link to comment Share on other sites More sharing options...
MrHanky Posted January 23, 2010 Author Report Share Posted January 23, 2010 4th gate of confirmation happens repeatedly in all time frames - weekly nexthttp://www.StockSharePublishing.com/ChartL..._1264207503.png If I did get some stock at the 200,I don't think I would hold more than a few days,there would be massive overhead resistance by then.But then again I might do nothing. Link to comment Share on other sites More sharing options...
MrHanky Posted January 23, 2010 Author Report Share Posted January 23, 2010 I guess there is a slight possibility we just drop through support after support like we did last year.....Maybe another 20 long red candles on the daily chart. Doubtful,but ANYTHING is possible. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2010 Report Share Posted January 23, 2010 Doc, with this kind of cycle action that you showed in today's update, is there a chance for immediate reversal? For the 4 week cycle yes, a chance. Bigger cycles would need to do a repair job first, I think. I'm hoping for that bounce. The bigger risk is that we might not get it, and therefore not get an obvious entry. This one was obvious as a short term pivot, but we've had so many, it was tough to believe on Wednesday that it might be something bigger. Link to comment Share on other sites More sharing options...
shorty Posted January 23, 2010 Report Share Posted January 23, 2010 I didn't hear you say "pay back the NEA" Link to comment Share on other sites More sharing options...
Charmin Posted January 23, 2010 Report Share Posted January 23, 2010 Trader Joe short of the year MED needs some meds http://www.StockSharePublishing.com/ChartL..._1264209638.png Link to comment Share on other sites More sharing options...
shorty Posted January 23, 2010 Report Share Posted January 23, 2010 it was tough to believe on Wednesday that it might be something bigger. the Big Blew Bedshat was the clue fer me Link to comment Share on other sites More sharing options...
Charmin Posted January 23, 2010 Report Share Posted January 23, 2010 Leading up to the Jan. 2008 earnings didn't everybody think things were just wonderful? If so, they sold down into a low on Jan. 22. http://www.StockSharePublishing.com/ChartL..._1264210421.png Gee, I hope we just got started Link to comment Share on other sites More sharing options...
Trader Joe Posted January 23, 2010 Report Share Posted January 23, 2010 This is a strange little bird The Nuclear ETF Almost too easy to trade this little channel monkey But with the wheels coming off the market, all "EZ pay pattern bets" are off until further notice Link to comment Share on other sites More sharing options...
psyche doctor Posted January 23, 2010 Report Share Posted January 23, 2010 Trader Joe short of the year MED needs some meds http://www.StockSharePublishing.com/ChartL..._1264209638.png I was looking at that POS over the Christmas Holidays and thinking what a wonderful short that POS would be, that POS. Anyway, I got distracted and missed out on the medifast mudslide. Link to comment Share on other sites More sharing options...
shorty Posted January 23, 2010 Report Share Posted January 23, 2010 Link to comment Share on other sites More sharing options...
Charmin Posted January 23, 2010 Report Share Posted January 23, 2010 I was looking at that POS over the Christmas Holidays and thinking what a wonderful short that POS would be, that POS. Anyway, I got distracted and missed out on the medifast mudslide. I think all three of us were looking at it. There's a gap left open at $6. Just think if it's another Crox bottle rocket. And Lee Whee had some kind words for MED in times past on this board. January 2007. "This one's funny.. The CEO of IBD mo-mo darlin' Medifast (MED) was sacked this week after it was learned that he was pumping his diet company's stock via online chat boards, most particularly on Yahoo! Finance. CEO Bradley MacDonald, using the screenname [email protected], used the chatboards to congratulate MED investors, bash Barron's as "the National Enquirer of the Financial Press" (even though Barron's is the "Bull Bible"), and attack a chop shop he had hired and fired after they issued an Underperform rating on MED. I guess MacDonald wasn't satisfied with MED's 100-bagger performance from 2002-2003 and 10-bagger performance from 2005-2006. He wants mo, mo, mo. Most of his online adventures occurred since April 2006, a period during which MED dumped 62% from 21 to 8." Link to comment Share on other sites More sharing options...
MrHanky Posted January 23, 2010 Author Report Share Posted January 23, 2010 I was looking at that earlier,any lower and all trendlines are busted big time.....The next few days are BIG. Link to comment Share on other sites More sharing options...
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