Let's revisit them next week to see where they ended up.
--- In realtraders@yahoogroups.com,
"Jim White" <jwhite431@x..> wrote:
>
> Of the
candidates I listed all have reversed to the downside today except LBTYA and
PDCO.
>
> Jim
> ----- Original Message -----
> From:
ddwilliams@x..
> To: realtraders@yahoogroups.com
> Sent: Friday, July 31, 2009 8:05 AM
> Subject: RE: [RT]
extended moves
>
>
>
> My indicators show the
following probabilities of a reversal withing the next week.
>
>
CA -- high
> CELG -- high
> EBAY -- high
> ISRG --
low
> LBTYA -- high
> LIFE -- high
> PDCO -- high
>
>
>
>
----------------------------------------------------------
>
From: realtraders@yahoogroups.com
[mailto:realtraders@yahoogroups.com]
On Behalf Of Jim White
> Sent: Friday, July 31, 2009 9:24 AM
> To:
realtraders@yahoogroups.com
>
Subject: [RT] extended moves
>
>
>
>
> In
the July issue of TASC I wrote an article describing the use of channels to
detect potential reversals after extended moves. Anyone trading the equity
markets lately is aware of the extended bull moves we have experienced and the
refusal to correct. Many, including myself , who have tried to short the
market have had to accept losses as the upward move continues.
> This
week a number of issues have signaled short at their extended move boundary.
These issues should prove to be more reliable short candidates.
> The
shorts are:
> CA
> CELG
> EBAY
> ISRG
>
LBTYA
> LIFE
> PDCO.
> Only one long candidate on the list -
FLIR
>
> Regards,
> Jim White
> Pivot Research &
Trading Co.
> PivotTrader.com
>