Thumbs up! Another chart reader I see, been trying to convey the same thing but people just don't want to believe that a LOT of investorswatch the 200 day as a technical buy or sell trigger and this one is trading well below it. That is why it is not getting it's fair share. Investors are pushing stocks like DD up for exactly that reason, it has never topped out yet....look at it...it's just straight up from years ago NEVER breaking below the 200day....BUT ......we chart players are often laughed at,,,,whatever. I bought csco when it broke above it's 200 day at about 25.........everyone laughrd when I said it would't see strong reistance until 29.00.......we pulled back a little and here we are at 28.25 today and I am up over 11% and very happy to know how to read a chart, recognize a breakout on strong volume......anyway...GL to all and Happy Holiday
I am told by decent sources that January will bring a decent correction, That is why I am holding a few short positions, kind of a hedge if you will and if you are short a couple of Chemical and Material plays along with a select Energy play, you have a little protection in the form of an unstable if not disconnected Oil market while you stand to do well should the Market roll over. Energy and Materials, the two weakest Sectors the past 6-12 months.
No doubt, I follow Sam Weintein's principles......."The trend is your friend".......He taught how to set Stops properly and most important how to limit losses if not avoid them but of course we all lose at times BUT learning to lose is the hardest lesson to learn. The ego sometimes kicks in and one cannot or does not want to accept a loss so they hold on and get crushed. I saw a 40.00 low possibility in DOW, but a reversal took place, yes if i sold at 41.70 or so I would have been much better off than now, but that is not how he taught the game. He taught to set buy orders as stocks crossed downward past the 200 WMA or to buy them Long as they crossed over the 200 day. Then you set Stops on the way down or up on Long positions, I am not a Short trader only, as a matter of fact I have more longs than shorts right now, after all it is December.
CRUDE OIL TECHNICAL ANALYSIS – Prices put in the largest daily advance in two months, reclaiming a foothold above the 62.00 figure. A break above the 23.6% Fibonacci retracement at 63.94 exposes the 38.2% level at 67.31. Alternatively, a reversal below the 14.6% Fib at 61.86 targets the December 16 low at 58.49. hmmmmmmm
I was in at 49.00........still making almost 7%......Hope rarely loses, Hope uses Stops, Hope is Happy. ;)
Sounds like they are downsizing ....
Dow Corning has decided to shut its semiconductor plant in Tennessee, calling it economically inviable, and reduce by about $1.3 billion its contribution to a fund to pay out claims arising from lawsuits around its bankruptcy in 1995.
Dow Corning, a joint venture between Dow Chemical Co and Corning Inc, will record a pre-tax charge of $1.5-$1.6 billion related to the shut down of the facility, Corning said in a regulatory filing. And this was from a day ago Stiffy.)
Hey, you could be right for now.....seems like disconnect formed today between Oil and the markets....things take time to play out. Any position taken shouldn't even be looked at every market minute. If your Long, Short, whatever you have your buy points and you put your stops in and what sometimes takes months to play out, like ER's and so forth that show fundamental changes in the company will eventually sink our propel it higher. Micro-trading is for losers. You need months to have a trend play out .....sometimes a year.
No you can't can't get any luckier than a Plant Closure and Fraud Allegations all in one afternoon! You Lucky Dog! LOL
"Dow’s bid to dismiss the case was denied Dec. 15 by U.S. District Judge Thomas L. Ludington, in Bay City, Michigan." That's 2 days ago Stiffy, sorry.......GET OUT!
Stiffy you can pooh pooh this all you want, it is serious. Violation of Sarbanes Oxley is FRAUD!! Old news in the form of accusations but the Judge gave the go ahead for an investigation and charges to be filed against DOW......Not good news Stiffy, and what about the PLANT CLOSURE! Old news too.........100M HERE A FEW HUNDRED MILLION THERE......OIL AND RELATED PRODUCT INVENTORY WRITE-DOWN ALSO BY ABOUT 30%.........SEE YOU AT 35.00 SOON.) DOJ will be involved soon and that Ethylene Plant needs to be audited all over again, i hoe this doesn't get HALTED! Oh Boy Stiffy!!!
Not sure if your aware that your brain is growing a fungus that is eating all your perception response relays.......meaning basically that you are playing with your Johnny Jim Jackson too too much. LOL!
Dow Chemical Co. (DOW)’s former fraud investigator can pursue a claim that she was unlawfully fired for finding financial misdeeds, including Chief Executive Officer Andrew Liveris’s expenses for family vacations and payments to a Greek charity, a federal judge ruled.
Kimberly C. Wood, the ex-investigator, said she was fired in October 2013 after telling her supervisor she found “financial statement fraud” in an ethylene plant project. Her prior reports had questioned spending by Liveris, who is also chairman. Dow’s bid to dismiss the case was denied Dec. 15 by U.S. District Judge Thomas L. Ludington, in Bay City, Michigan.
The case, filed under the whistle-blower provisions of the Sarbanes-Oxley Act
PSSS Stiffy, take a good look at the Crude Oil chart.........google live crude oil.....not sure if you know how to read charts because you have never referenced one yet. THAT IS YOUR DADDY FOR NOW!!!! Your connected at the hip to OIL. You are convinced 55.00 is the low....but that is mere speculation. You can have all these nightmares about Warren B. cutting off your nuts with Garden Shears and Hedge Fund Boiler Room freaks but until we see how low BIG OIL goes we will not know how low DOW goes. At least you have come out of denial about BIG OIL having nothing to do with DOW....LOL!!