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Author Topic: Momentum Trading - What I'm Watching This Week (Dec 19, 2010)  (Read 1201 times)
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tamo42
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« on: 2010 Dec 19, 09:15:06 pm »



This week, the stocks that have caught my eye are: AKAM, ANN, ANV, AVB, CMG, CTSH, DPS, F, FFIV, HLF, HXL, INTU, LZ, NFLX, NTAP, SPRD, TIBX, WRC.

All of these have made my short list because they share certain criteria. 

First and foremost, they are in a long term uptrend. 

Second, they have recently settled down.

Third, they are either reaching support or have reached support.

Remember the overall strategy: find a rising tide, catch a rising wave.  The long term uptrend shows that the tide is rising.  The settling down and reaching support show that a new wave may be starting. 

Tomorrow, I'm paying special attention to AKAM, ANV, CMG, CTSH, LZ, SPRD, TIBX.
« Last Edit: 2010 Dec 19, 09:31:54 pm by tamo42 » Logged

Neal McSpadden
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tamo42
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« Reply #1 on: 2010 Dec 21, 11:24:34 pm »

ANV has already gained a dollar, and looks to be starting to fire.  NFLX has also popped back on my close-watch list.  It seems to be bouncing off a strong support line.
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Neal McSpadden
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« Reply #2 on: 2010 Dec 22, 04:34:19 pm »




Remember the overall strategy: find a rising tide, catch a rising wave.  The long term uptrend shows that the tide is rising.  The settling down and reaching support show that a new wave may be starting. 


that sounds so simple but is so hard to be honest...
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tamo42
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« Reply #3 on: 2010 Dec 22, 04:39:09 pm »

What do you see in this chart?

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Neal McSpadden
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« Reply #4 on: 2010 Dec 22, 04:40:24 pm »

I see that from august the stock is rising. Slightly pulling back and then rising again.


Edit: actualy this is rising for ages... but if i look from the august point yes slightly pulling back and then up again
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tamo42
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« Reply #5 on: 2010 Dec 22, 04:48:35 pm »

That's all there is to it Smiley.

Like I've said before, there is no guarantee, but we can stack the odds on our side.  So here we have a rising trend.  Each time the wave crashes (at a higher level than the last one), we look for a new wave. 

So a smart pattern would be buy Sep 21, sell Sep 30 (win); buy Oct 21, sell Oct 28 (even); buy Nov 19, sell Dec 1 (win); buy Dec 22, sell Huh

I actually jumped the gun a bit and bought some around 12/6.  Sold for a loss, and am back in now.
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« Reply #6 on: 2010 Dec 22, 04:52:53 pm »

but look how much one share costs. You must buy a bunch to make actualy a win! Theoretically you could do this too with stocks that cost  each 10 dollar or less..right?
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tamo42
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« Reply #7 on: 2010 Dec 22, 04:56:24 pm »

Sure, this works with any stock that is in a rising trend.  I just happened to be looking at NFLX.

Also, I buy options, so my costs are more in the $1-$5 range, but you have to buy 100 at a time.  But that's strategy.  Strategy comes after identifying momentum.
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« Reply #8 on: 2010 Dec 22, 04:59:33 pm »

you have just opened my eyes for something that might be so simple to you but was really hard for me. Thank you
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« Reply #9 on: 2010 Dec 22, 05:01:23 pm »

I hope it helps.  It's like anything else, things are hard at first.  10 years later you look back and realize how easy it is to you now Smiley.
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