Nov 4, 2009 4:56 AM
| about stocks: TEX, MAT, BWS, USB
04/11/2009 review
There small volatility in DOW index now. And volume decreases. Maybe we are going to consolidation phase? So it’s difficult time for traders. There is a strong resistance at 9969.91 level. If DOW hits this resistance, we will change our short positions to long positions. It’s a bear market now.
Some ideas:
BWS price stopped to fall yesterday. Place your stop order at 10.63 USD and take your profit:
There is interesting situation in USB price’s chart. You can manage your position in two ways: add to your short position at 23.06 USD or place stop order at 23.91 USD and take your profit:
Place stop order at 21.17 USD and take your profit in TEX position:
Place stop order at 19.24 USD and take your profit in MAT position:
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Good morning, America! 0 comments
There small volatility in DOW index now. And volume decreases. Maybe we are going to consolidation phase? So it’s difficult time for traders. There is a strong resistance at 9969.91 level. If DOW hits this resistance, we will change our short positions to long positions. It’s a bear market now.
Some ideas:
BWS price stopped to fall yesterday. Place your stop order at 10.63 USD and take your profit:

There is interesting situation in USB price’s chart. You can manage your position in two ways: add to your short position at 23.06 USD or place stop order at 23.91 USD and take your profit:

Place stop order at 21.17 USD and take your profit in TEX position:

Place stop order at 19.24 USD and take your profit in MAT position:

It was a perfect time to buy long RYL:

Here are more ideas
Good luck!
Disclosure: NoTEX, no MAT, no BWS, no USB, no RYL at my portfolio.
The charts and comments are only the author’s view of market and aren’t recommendations to buy or sell any security.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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