Bullish and Bearish Stock Charts
Monday, March 3rd, 2008Bulls:
AGIX
OESX*
COIN
DGLY
QTWW
VLNC
OPTO
CNEH
ENEI
GSPG
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Bulls:
AGIX
OESX*
COIN
DGLY
QTWW
VLNC
OPTO
CNEH
ENEI
GSPG
ESRX made a huge run in 07 supporting a bullish trend over 100% gain. In 08 this stock seems to have topped out in the high 70’s and after some consolidation, appears to beginning another leg down for a new bearish trend as price broke down the horizontal trading channel on Fridays sell-off in the markets. This move places momentum in favor of the bears and gives us an opportunity to make some munz! Lets go short ESRX Monday.
FDRY made an excellent looking breakdown of its symmetrical triangle pattern friday on increased volume placing a lot of selling pressure on holders of this stock and caught the eye of traders looking to short a stock. I’m gonna fill a 1/2 position on this on monday to limit risk as there could be a bounce from here possibly to retest the breakdown point in the high 12’s. All in all, this stock looks good for shorting. So lets dabble at it ey!?
It was another awesome month here at ttt.net on the trading scene with our portfolio up 15.95% on
the month and already up 24.4% in the first 2 months of the year. Well on our way to our 3rd consecutive 100%+ return year. As Most of you have probably noticed my stock picks and watch list will no longer be free to the general public beginning April 1st 2008. More details will follow i’m still working on setting everything up.
Lets get started on another rockin month with more trading profits in March!