tag:blogger.com,1999:blog-8240318064031929738.post2334155173983121777..comments2008-07-20T08:21:59.027-04:00Machttp://www.blogger.com/profile/14065990507428929501noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8240318064031929738.post-7876610733191448002008-07-20T08:21:00.000-04:002008-07-20T08:21:00.000-04:00Gio - yeah, I just get the feeling that we're in for a few weeks of difficult trading. I could be wrong - it wouldn't be the first time. My basic attitude is to take a trade if I see it but don't force anything. I am looking at oils resting for a few more days and if they do, I would be interested in reshorting. I am also looking for earnings trades - they seem to work well regardless of the market if you can find a good one.<BR/><BR/>I saw ICO but I have had bad luck deciding which of these coal stocks to short - they all look so similar, but some drop and some don't. FDG is showing me a small profit and I'll probably tighten my stops a bit.<BR/><BR/>Anonymous - a rally is certainly possible here - I just don't see many nice charts. I will continue to look for charts and if I see any and we follow-through, then I will be willing to take them. I just don't want to force anything right now.Machttp://www.blogger.com/profile/14065990507428929501noreply@blogger.comtag:blogger.com,1999:blog-8240318064031929738.post-13738353600494065572008-07-19T22:59:00.000-04:002008-07-19T22:59:00.000-04:00Quite some stocks and indices are close to or at the their lower channel lines on the weekly charts, which makes me think we might see some mixed action over the next week or two, and then have a another rally that might last a month or so until we reach the upper channel lines, and then see if we can break out of this overall down trend. Just some thoughts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8240318064031929738.post-67549729768681409312008-07-19T21:45:00.000-04:002008-07-19T21:45:00.000-04:00Same sentiment with me.n. I think the current market conditions these past few days is a metaphor for high surf advisory... Stay out if u can't swim. But there were some big waves to ride- energy and financials (SKF!). I think things get calm for the rest of the month, or at least until oil moves sharply again. There was little impact on the markets when MSFT and GooG got slammed, so I'm taking that as a sign that were at neutral zone. I'm paddling back to shore, keeping my trades small.<BR/><BR/>I already have shorts in SQM. Howd we miss the short in ICO on thursday?! <BR/><BR/>As always, lovin your screens.<BR/><BR/>-gioGiohttp://www.blogger.com/profile/10509084940615767603noreply@blogger.com