A number of my readers have commented on the few stocks featured in our portfolio. Let me explain that. I follow and track hundreds of stocks that meet my quality criteria, but I believe excellent results can be obtained with very few stocks. I am currently deploying three different trading strategies, one of which is […]
Archive for May, 2011
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BIDU – Wrapping Up The Trade
May 18th, 2011 
admin A quick followup on my two previous trade posts related to BIDU. Based on divergence of the price and rsi and stochastics, we felt the stock was due for a correction. Using Elliott Wave analysis and resistance points, we expect a correction down to 140, then 136, with an ultimate target of 130. We were […]
Technicals on the Wilshire Look Scary
May 6th, 2011 admin I seriously doubt there are any buy-and-holders on this web site, but in case one of you landed here by accident, and, shell-shocked, is looking about himself or herself in complete bewilderment, this chart will give you something to ponder. Of course those of us who are traders don’t have to worry to much about […]
BIDU short – A Followup
May 3rd, 2011 admin If you read my previous post, you know we were shorting BIDU, the dominant Chinese internet search engine, against its dominant trend. Based on divergence of the price and rsi and stochastics, we felt the stock was due for a correction. Using Elliott Wave analysis and resistance points, we expect a correction down to 140, […]