Gary Tanashian's  Instablog

We have been following PH here at my regular blog.

The daily chart has all kinds of fun stuff going on.  PH has filled a gap from nearly a year ago, ID'd in NFTRH back when the topping pattern was forming.  It completed a beautiful top, along with the broad markets and then tanked hard in and around a pretty good earnings call.



I recently questioned whether PH was in a bearish Symmetrical Triangle 'continuation' pattern (again, along w/ the broad markets) but today is apparently answering this question.  It's a 'W' (with higher right side and MACD trigger) and it targets 79.  My call options are screaming my common stock is in gear as well.

I get so into the newsletter and the macro economics, that sometimes I forget to trade and just have some fun with the markets.  And if I can do so with a company I know intimately, so much the better.  I really do not trust, respect or sit in awe of most of these doofuses running public corporations.  But at least I have met several Parker management types and can say I like the culture.

So far as the macro work tells me however, this is all counter trend stuff.  I'll likely sell just below target if given such an opportunity.The daily chart has all kinds of fun stuff going on.  PH has filled a gap from nearly a year ago, ID'd in NFTRH back when the topping pattern was forming.  It completed a beautiful top, along with the broad markets and then tanked hard in and around a pretty good earnings call. 

I recently questioned whether PH was in a bearish Symmetrical Triangle 'continuation' pattern (again, along w/ the broad markets) but today is apparently answering this question.  It's a 'W' (with higher right side and MACD trigger) and it targets 79.  My call options are screaming my common stock is in gear as well.

I get so into the newsletter and the macro economics, that sometimes I forget to trade and just have some fun with the markets.  And if I can do so with a company I know intimately, so much the better.  I really do not trust, respect or sit in awe of most of these doofuses running public corporations.  But at least I have met several Parker management types and can say I like the culture.

So far as the macro work tells me however, this is all counter trend stuff.  I'll likely sell just below target if given such an opportunity.

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