Thursday, December 8, 2011
Monday, December 5, 2011
MDL.V in a trading range:
Medallion Resources is in what would be comfortably called a trading range that is positioned very low to it's last relative high. A green weekly trade triangle has just been issued a few days before mid November, and it came up as an alert. I'm showing a nice looking Club chart. I'm also showing a red weekly triangle today... Patience... it could just be part of the trading range... .14 cents has seen this type of flushing since early October, so at this point... I think we are seeing frustrated traders who moved in too soon... second guessing themselves.... with patient traders who like the same chart buying up the impatient traders... if we hold the .14 cents going into Santa's rally... this could a be worth taking a small position. If you have level II,
we are showing a slow motion teardrop.
Micky Fulp has committed to holding his position until March 2012.
This leads me to watching closer on level II and playing around with some fun on the cuff charting of which most studies are supporting the other.
The volume is still low, so taking a position here would be potentially a low risk entry point in the .14 to .17 cents range. If your an REE fan, click on the link in the sidebar to see some charting for MDL.V... The Chart shown is the same one described in the Chart School.
I need to point out that MDL.V is a highly speculative stock and with Tax selling just gaining momentum... only those who have experience should make any choices with this stock. MDL.V is an explorer with projects. This not a typical proven stock that you would use Market Club to analyze, however the temptation to apply speculative analysis is intriguing... check out the right side bar for the MDL.V link.
GLTA Lostoutwest
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Tuesday, November 29, 2011
Stink Bid
It is that time of year where timing takes on special meaning... people's minds are on other things... stock trading has it's annual tax strategy... hard core traders are hoping for good buys.
Within this time frame, "stink bid" shopping comes off as a good possibility as capitulation may strike unexpectedly allowing for some peachy potential if you aim for solid speculative stocks.
Due to the bad market conditions, I have been taking a break, letting the market sort itself out. I haven't been visiting my gurus for a while and thought I'd check in on one of my favorites,
This being a portal to the better side of Online trading speak....
Wherever, and whenever I can find good intelligent speculative information, I do like to share... so without further ado, check these links for some experienced thinking The Grandich Letter , and while Peter speaks well, he has also included this link TopStockAnalysts in his article... In the back of my mind the tune had been humming so I was a little elated to see that my thoughts and experience were in line with some really good talent.
GLTA Lostoutwest
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Within this time frame, "stink bid" shopping comes off as a good possibility as capitulation may strike unexpectedly allowing for some peachy potential if you aim for solid speculative stocks.
Due to the bad market conditions, I have been taking a break, letting the market sort itself out. I haven't been visiting my gurus for a while and thought I'd check in on one of my favorites,
This being a portal to the better side of Online trading speak....
Wherever, and whenever I can find good intelligent speculative information, I do like to share... so without further ado, check these links for some experienced thinking The Grandich Letter , and while Peter speaks well, he has also included this link TopStockAnalysts in his article... In the back of my mind the tune had been humming so I was a little elated to see that my thoughts and experience were in line with some really good talent.
GLTA Lostoutwest
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
|| Stockcharts Public List ||
|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
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Tuesday, November 22, 2011
Taseko Online for trading
In the past I have seen this period (late November mixed with tax selling) sail through Christmas on Rudolph wings...
Not expecting it so this time... the market just doesn't have enough time to break up and put this bleak sequential down trend to rest.... not with the capitulation I expect in the final draft of the Tax selling likely to put pressure one everything that is crawling.
The Canadian indexes listed in first 2 charts in the Stockcharts Public List demonstrate very little to hope for in a positive direction short term.
However, I'm also seeing some support which should hold steady after the new year such that if we capitulate on Tax selling... there are a lot of issues that are in the trading zone if we only had a heart.
Let's keep it simple and work along the lines of it's a new year starting on the cusp of a potentially brutal tax sell which will be a good flush. The type of thing that begets an aggressive entry point when the crush of pressure is lifted.
Brush up on the fundamentals of your favorite speculative Stock... In my case I'm watching TKO.TO with great interest just moving into a support position as indicated in the below chart study link and the move is likely to coincide with the New Year,
$2.40 to $2.50 is the bounce area of choice in this chart Taseko Mines Ltd.
Taseko Smart Chart Analysis
Recent television coverage on the Native perspective to Fish lake took another pot shot at Prosperity.. considering the mood of the market and the day's leading to Christmas tax selling.. I'm on the alert for an entry point for a swing at the baby out with the bathwater in the middle of the Santa rally period or just into the early part of January. Be mindful of any spikes too early... they will likely be whippy, so chasing is not advised...
The support area is also a great point for managing lower risk as it is an area where the market should pause giving a person a bit of chance to feel out the move.
GLTA Lostoutwest
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Please read our Complete Disclosure
Not expecting it so this time... the market just doesn't have enough time to break up and put this bleak sequential down trend to rest.... not with the capitulation I expect in the final draft of the Tax selling likely to put pressure one everything that is crawling.
The Canadian indexes listed in first 2 charts in the Stockcharts Public List demonstrate very little to hope for in a positive direction short term.
However, I'm also seeing some support which should hold steady after the new year such that if we capitulate on Tax selling... there are a lot of issues that are in the trading zone if we only had a heart.
Let's keep it simple and work along the lines of it's a new year starting on the cusp of a potentially brutal tax sell which will be a good flush. The type of thing that begets an aggressive entry point when the crush of pressure is lifted.
Brush up on the fundamentals of your favorite speculative Stock... In my case I'm watching TKO.TO with great interest just moving into a support position as indicated in the below chart study link and the move is likely to coincide with the New Year,
$2.40 to $2.50 is the bounce area of choice in this chart Taseko Mines Ltd.
Taseko Smart Chart Analysis
Recent television coverage on the Native perspective to Fish lake took another pot shot at Prosperity.. considering the mood of the market and the day's leading to Christmas tax selling.. I'm on the alert for an entry point for a swing at the baby out with the bathwater in the middle of the Santa rally period or just into the early part of January. Be mindful of any spikes too early... they will likely be whippy, so chasing is not advised...
The support area is also a great point for managing lower risk as it is an area where the market should pause giving a person a bit of chance to feel out the move.
GLTA Lostoutwest
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
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Wednesday, November 9, 2011
On the otherside
This is creepy.... Technology is ever approaching the big brother status of truly being invasive... I wonder what the future truely holds!
Creepy Technology
GLTA Lostoutwest
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Creepy Technology
GLTA Lostoutwest
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Monday, November 7, 2011
"Lost" but Not Forgotten
Lost but not forgotten is a mindset that is worth considering the meaning of in respect to small caps that are still surviving on strong fundamentals that propelled them to overbought prices in exuberance, now floating downward in an endless spiral of cleansing.
Lost but not forgotten has a quality that makes them good potential for long holds... provided they can pass the quality test.
Even so... poor quality also has the potential for gains with the lifting of the hype and focused manipulation.
Coupled with the natural rising of prices without heavy profit taking from promoters, some lost and forgotten can be 10 "braggers" when they come out of the hole from a long down trend of nothing in the pipeline.
GLTA Lostoutwest
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Lost but not forgotten has a quality that makes them good potential for long holds... provided they can pass the quality test.
Even so... poor quality also has the potential for gains with the lifting of the hype and focused manipulation.
Coupled with the natural rising of prices without heavy profit taking from promoters, some lost and forgotten can be 10 "braggers" when they come out of the hole from a long down trend of nothing in the pipeline.
GLTA Lostoutwest
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Slippery Slope Tax Selling
This last stretch to tax selling is closing fast, and literally if the market doesn't snap out of this downward drifting, and in my opinion won't... until after the Santa's Rally... Traders, most of whom will be of general public retail background... will be selling bad performing stocks in the last few days of the period just before Christmas so they can lock in losses for a tax strategy to apply against stock gains on holdings they are still holding into the new year.
These losses must be recorded in the current year and as the markets will be closed erratically over the period from Christmas Day to New Years... (which by the way is the period that is described as "Santa's Rally")... the quality or momentum of the drop will give some insight into the potential of the coming "January Effect" which is historically a general 2 to 5% gain reserved for mid to large caps if they are in the quality department.
Small Caps is anyone's guess. However, considering the length and breadth of the last few months... there should be bounce and opportunity for entry at very low risk points in the small cap arena.
GLTA Lostoutwest
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Please read our Complete Disclosure
These losses must be recorded in the current year and as the markets will be closed erratically over the period from Christmas Day to New Years... (which by the way is the period that is described as "Santa's Rally")... the quality or momentum of the drop will give some insight into the potential of the coming "January Effect" which is historically a general 2 to 5% gain reserved for mid to large caps if they are in the quality department.
Small Caps is anyone's guess. However, considering the length and breadth of the last few months... there should be bounce and opportunity for entry at very low risk points in the small cap arena.
GLTA Lostoutwest
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
|| Stockcharts Public List ||
|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
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