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Friday, January 30, 2009

Useless and Useful added


If you have 100+ following,

You don't know what the hell you are doing.
You are a twitter whore.

Think about that for a minute.

You might be hearing the chatters and not listening to what's important.

For the benefits of my followers, I primarily swing and some times have stop loss.

I will take more risks than most and tend to be a contarian.

I don't really care about how great earnings were because the euphoria will fade. This is not a bull market, it's a bear market. How long do you think anyone will hold the stock before profits taking starts?

resist. 81.21 4
resist. 66.78 3
resist. 63.35 2
supp 58.76 2
supp 57.32 3
supp 51.62 23


Added Jan31

On the same wavelength as I am.

Wednesday, January 28, 2009


Today's SRS transactions was a disaster compounded by not selling, but buying for other accounts.

I saw the buy signal on the 1m, also the sell signal. Buy but no sell.

Never a buy signal on the 5m. I knew that, but was homing in on 55 and in denial.

Chart says hope for the best, but expect the worse.

Hopefully, I will catch a fish and not a boot.

Tuesday, January 27, 2009

BAC Be happy, Don't Worry!

I'm Back! It's zstock7 investment site sitting in again for the fabulous but very busy, money making fortune 8.
Here's another very satisfying outlook to an otherwise depressing situation.
I wanted to post a chart of BAC and a story about 200 days.
Times may look bleak now. Will probably stay bleak for awhile.
If you get depressed, just look at this chart and look at BAC's 200 day.
That's the future. I remember 9 month's ago when TOL and MTH and RYL had this exact same chart. I could even dig one up for you and post it. Trust me, It's a match to this one.
All those companies, ( guess What?) That's right, you guessed right. They all reached their 200 day, and some went above their 200 day.
That's Why I'm saying, " Be Happy, Don't Worry!!!"

Thursday, January 22, 2009


Not much to post lately because I have provided you 100% of the 4,8,21 system.
All other technical analysis, you can find using google.

However, I do suggest that you learn point and figure charting to complement the sytem.

Now, stop looking at chart in one dimension.

Example: which one paints a better picture and hopefully you get the point.

If you have a plan, then try to stick to it.

A few links of people who thinks the same

>Bookkeeping: Short ITT Educational (ESI)

>APOL,CECO ESI, regression chart + RIMM

Lesson Learned: Never leave a fishing pole unattended.

I bought where the hand is at and left for work.
Of course, I got stopped out for a loss.

Tuesday, January 20, 2009

ICE by guest investment writer zstock

I can guarantee this trade is a winning trade. Why am I able to do that?
It's because I can see the 5 to 10 day out target price.
I've studied 1000's of Bollinger Bands, and ICE's middle band is in the $63-$64 area.
ICE has never failed to reach it's middle band, the past 5 months.
Now the only trick here, is to get the best entry price.
Click to enlarge the chart, as I have written the details of the trade on the chart itself.
I like the ICE FEB 50 call, or the MAR 40 call.
If you are a Pro at options, then Play the ICE FEB 60 call. That's the call I'm playing.

Monday, January 19, 2009

Thank You

I wanted to thank >jmilez for introducing me to >StockFetcher and >ShortBusTrader for getting me started on the screening.

There is a Vietnamese proverb which translate to "The light is bright and the ink is dark" and means "You are as smart as the people who surrounds you."

Here is the screen that I am looking at

Show stocks where close is above 11
and average volume(30) is above 1111111 do not draw average volume(30)
and draw MACD(12,26,9)
and draw EMA(4)
and draw EMA(8)
and draw MA(21)
and draw OBV(50)
and draw Fast Stochastic(14,3) Fast %K line at 20
and draw Fast Stochastic(14,3) Fast %K line at 80
and draw RSI(14) line at 30
and draw RSI(14) line at 70
and draw MACD(12,26,9)
and draw RSI(14)
and close is above EMA(4)
and close is above EMA(8)
and close is above MA(21)
and open is below EMA(4)
and open is below EMA(8)
and open is below MA(21)

which you can input into >StockFetcher

Happy Trading and I will still keep an eye on SRS, FXP, EEV, etc...

Sunday, January 18, 2009

Charting 103

First, thanks to those to left comments because it seems like the readership has changed somewhat since I started.

what program do you use for stock screening?

I use Schwab StreetSmart Pro to scan for the stocks; however, it does not allow me to input different MA for the screen. I can only select from the ones provided. Who designs lame software like this! Off on a tangent again.

I have also used Ameritrade StrategyDesk before. It has real time alerting but was a little complicated to configure. I might have to revisit again.

Ideally, if you can find a scanner that alerts based on the following conditions:

Candidates for BUY coming up
Average Daily Volume >= 1,000,000
Current Price > 4ema
Current Price < 21sma

Candidates for SELL coming up
Average Daily Volume >= 1,000,000
Current Price < 4ema
Current Price > 21sma

And if you find such a screener with minimnal cost, please let me know.

Why do you have K%,MACD, etc, If all you are looking for is a crossover?

First, stop looking at charts in one dimension.

I use the MACD to indicate the possibility of being oversold or overbought.

Look at the following charts with 2m, 3m, 5m time frame.
I have removed the symbol on purpose.
Keep in mind that just because a stock is oversold/overbought,
it does not mean it can stay in oversold/overbought
or become more oversold/overbought.

21sma not in the picture, MACD is.

21sma not in the picture, MACD is.


Based on the information provided, would you buy the stock and why or why not?

Please anwers to share in comments.

>What I did

If you look at the chart, I have introduced yet another TA indicator - Intraday Pivot Point

Friday, January 16, 2009

It's so easy, Caveman can do it!

I am not calling zstock a caveman here. Just referencing the commercial.

Click title to read.

Thursday, January 15, 2009

My Guest Blog

Click on the title to read.


Since I am not trading anything this morning, I am bored.
My watchlist is not materializing and all this looks like deja vu.
Not going to step in front of a moving train and buy or short.

Anyhow, I am just curious as to who reads the blog.
Would you mind just leaving a comment to satistify my curiosity?

Wednesday, January 14, 2009

Charting 102.2

Two charts with the same confirmation, what does that tell you?
I have not done any lessons on P&F chart; however, there are plenty of tutorials out there.

I would start a 25% at 74.

Chart 102.1

Remember, try to skate to where the puck is going to be, not where it has been.

If you can watch the market all day long, then you have a definite advantage against me.

Why do I look at so many different chart for the same stock?

I want to see different point of views of how the stock is moving. It's like looking at 6 sides of a cube versus one side, eventhough in dimension, all sides are equal.

Look at the arrows.
Is that a tripple bottom forming?
Unfortunately, you don't really know until the day after.

Here is SRS before the market open.

NO! I did not buy SRS yesterday. I did not have the use of my arsenals, charts. Also, I don't want to be part of the unemployment statistics in this economy.

However, you could have purchased SRS yesterday knowing what you know today.

Another one of my favorites is, "Hindsight is 20/20!!!"

Best of luck in trading.

Tuesday, January 13, 2009

Charting 102

KISS - Keep It Super Simple.

BUY 4ema cross above 21sma, SELL 4ema cross below 21sma.
If you want double confirmation then use 4ema,8ema.
Now, you just need to chose your poison, ugh, I mean time frame.

Pay attention to the hands, faster than the eyes, and don't get hand slapped.

Monday, January 12, 2009

Charting 101.4

I have said this many times, "Scared money don't win."
That is exactly what happened to me today with FAZ.
I have done my homework, stalk the stock, but did not execute.
Why is it that I am not afraid to buy a falling stock?
But I am afraid to buy a rising stock.
That is just ass backwards.

Do you see the noise in the above chart versus the one below?
Do you see what could be a double top? That's why I bought FAS.

Here is what the chart looked like at the EOD.
It's a lot easier to look at a completed picture, is it not?

Sunday, January 11, 2009

Free !!!

Some of the best things in life are free.

I have learned from a blogger, credit given in one of my post some where, about 4,8,21. Wish I still remember the site because it was great information.

Compare >PPT to >4,8,21 and I don't see much difference.

Actually, one cost $$$ (don't know how much) and the other is free.

You have to plug in all the symbols.

You didn't expect me to do everything did you?

Just want to leave you a few quotes to ponder.

Luck favors the prepared and anticipation is key.

A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.
Wayne Gretzky

I skate to where the puck is going to be, not where it has been.
Wayne Gretzky

Friday, January 9, 2009

Charting 101.3

Remember to look at the big picture. It definite helps to have 2 days charts on hand. The lines you see are intraday pivot points.

Where would you or should you have bought the stock

Thursday, January 8, 2009

Charting 101.2

I was waiting for 96.50 and missed it this morning.

Looking at a big picture helps, in this case 2d3m.

Wednesday, January 7, 2009

Charting 101.1

No one cares more about your money than you do. Actually, others care about your money from the standpoint of how to take it from you.

K.I.S.S. - buy when the 4ema cross above 21sma and sell when 4ema cross below 21sma.

Use 2m, 3m, 5m chart for day trading. The shorter the time frame the more noise.

Disclosure: I don't day trade as often, but swing trade because of FT job.

I don't have the luxury of watching charts all day long, but if you do, then learn to take advantage of it.

See the buy confirmations for all time frames (2m, 3m, 5m) chart?
So what are you waiting for?

Now chart FXP and you will see the same pattern.

Thursday, January 1, 2009

Next Shoe to Drop?

Real estate just seems to obvious. Furthermore, too many stocktwits looking at >SRS. Even I fell prey to the stock, near the 52wk low.

I am thinking Eduation. Seriously, who has money to pay for the outrageous fees charged by all the online outfit? Next, the quality of education provided is not that great in comparison to the University system, speaking from experience here.

Disclosure: I am short >APOL

I was going to short >ESI but then saw all the hype on APOL; therefore, decided to short it instead.