Posted on March 16, 2009 by Adam
Hello everyone, and welcome back from what I hope was an enjoyable weekend.
Part of what I try to do on this site is to provide some clarity and ideas for those of us who are trying to make sense of what the market is doing. I know it’s been a tough few weeks, but I [...]
Posted on March 10, 2009 by Adam
I wanted to follow up on my post yesterday, where I described a point and figure strategy for a deeply oversold market.
I bought into a 3 box reversal in (MET: 42.32 +1.29%) yesterday at 12.50 and cashed out this afternoon at 15 for a 20% profit. Quick and dirty, nice and easy.
Posted on February 25, 2009 by Adam
I just bought stock in REGN. Here’s why.
First, look at the candlestick chart. It’s been holding up lately, putting together some higher lows. You could make the case for an ascending triangle here, where prices are resting right at support. Add to that the fact that it’s been up or break-even the entire day, on [...]
Posted on February 24, 2009 by Adam
The point and figure tutorial last night was a success. For those of you who were unable to make it, we covered the advantages of point and figure charts, how they are constructed, and ways they can be applied to your trading. Below is a recording of the presentation and a detailed summary of what [...]
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Posted on February 12, 2009 by Adam
As I have said before, if we exceed 815 in the S&P, we will be on a sell signal.
Well, it’s happened. If there was a time to get bearish, it’s now.
As always, remember to stay balanced. Don’t go out and buy 50 put contracts and forget about upside risk. I’m in three positions now - [...]
Be on the lookout for an extended pullback.