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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Mar 13, 2014 3:57 PM Flag

    Worldwide Profit Taking BX 33.29

    Please let it run its course.

    Good luck!

    Sincerely,

    Carolyn Novice

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    • Do you use candlestick patterns for BX? I noticed that there is a bearish engulfing pattern for Mon & Tue of this week. There is also a bearish engulfing pattern for Wed & Thur of this week. How reliable is this indicator?

      • 1 Reply to tlee22202
      • I use the following:

        Historical Overhead Supply
        You can filter on low to determine the volume traded above…31.75…32…32.25….

        I use On Balance volume …..Daily and weekly

        I use Volatility (difference between high and low) daily and weekly.

        Historical Over head supply

        Date----------- Volume----------- High----------- Low----------- Close
        6/22/2007-----------1,131,149 -----------38.00 -----------34.25 -----------35.08
        6/25/2007-----------356,740----------- 35.77----------- 31.90 -----------32.44….must close above 35.77

        ON Balance volume

        Date ------- Volume ------- Close ------- Change------- OBV
        4-Mar ------- 44,372 ------- 33.66 ------- 0.98 ------- 3,151,910
        5-Mar ------- 44,231 ------- 34.39 ------- 0.73 ------- 3,196,141
        6-Mar ------- 44,641 ------- 34.44 ------- 0.05 ------- 3,240,782
        7-Mar ------- 55,255 ------- 34.77 ------- 0.33 ------- 3,296,037
        10-Mar ------- 48,969 ------- 35.18 ------- 0.41 ------- 3,345,006…. High OBV
        11-Mar ------- 39,417 ------- 34.44 ------- -0.74 ------- 3,305,589…. High Price
        12-Mar ------- 41,451 ------- 34.27 ------- -0.17 ------- 3,264,138
        13-Mar ------- 57,565 ------- 33.41 ------- -0.86 ------- 3,206,573

        Volatility Weekly and average 10 weeks volatility, if the weekly volatility is 2 then when from high you can sell with the idea of buying about 1.50 lower.

        Date-------Volume-------High-------Low-------Volatility-------AVG Volatility
        3-Feb ------- 59,149 ------- 33.33 ------- 31.34 ------- -1.41 ------- 2.81
        10-Feb ------- 53,494 ------- 31.95 ------- 31.20 ------- -0.14 ------- 0.95
        18-Feb ------- 52,034 ------- 32.28 ------- 32.06 ------- 0.86 ------- 1.03
        24-Feb ------- 68,405 ------- 33.81 ------- 33.35 ------- 1.29 ------- 1.57
        3-Mar ------- 47,792 ------- 35.17 ------- 34.77 ------- 1.42 ------- 2.74
        10-Mar ------- 48,969 ------- 35.39 ------- 33.41 ------- -1.36 ------- 2.43

        A market student has more than one tool to help and establish trading rules.

        Google search, :20 Golden Rules For Traders

        Good luck!

        Sincerely,

        Carolyn Novice

    • Thanks Carolyn - it is a pleasure to see your posts. The voice of reason is always appreciated. Long BX

 
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