Patterns on popular stocks

[cire2222]

this BIDU one catches my attention I will be watching for a break in either direction


You know these guys are cashing in on the increase on volume thanks to Crude @ 100+


this may play out if oil gets its much needed pullback. if you like it short then give it room to bounce up first


I like this one a lot looking at the technical side. Ugly day on friday after the pop, may have been the market pulling it down

[Chan]

Speaking of popular stocks, here is a golden boy the sheeple think is invincable.
And if it continues and breaks 95....it may test the 85 area.... I love it.

[cire2222]

i like the MON play, with the needed pullback in grains this stock could see a solid correction. Ill be on the lookout

Edit: after further review I am really interested in this play. I would look for a bounce early next week to get short.

[cire2222]

Came accross this play. With the Visa IPO this week i think MA can get some nice buying interest (if the market doesnt get destroyed) MA did trade up in fridays ugly market

[Carl Icahn]

Bonds look like putting in a H&S...only problem theres a lot of eyes on bonds and most likely this pattern wont play out, might get a short term wack then everybody will be calling it and the pattern will fail.....overall i think there will be rotation from bonds to stocks only after a bottom has been put in.

[cire2222]

[Chan]

posted yesterday....on HSM
MATK... has show resiliency to current market conditions.
As Big stated inovations at the company continue, growth looks good.
it has broken a longer term resitance point and if it can establish a new support level here it should move higher.


Follow up.....3/24/08

Biotechnology & Drugs (SECTOR: $BIOTRX) made a very nice move today.

Martek Biosciences Corp (NASDAQ: MATK)
made a fairly nice move with a high of day 32.50
closing up Last: 31.89 Chg: +0.73 (+2.34%)
the yellow area on the chart may be an area where there will be some selling, the buyers back in early January, have been suffering with market conditions, they are, and have been selling into strength. mutiple things could happen the next level also could cause the shorts to come out and cover.
the chart is good, the sector showed renewed interest it may pull back and form a C&H this would follow a move to the target based on the nice consolidation period when the sector was in decline the stock held its own.


A longer term view...with no noise.
scroll down..

[Carl Icahn]

Originally Posted by Carl Icahn

Bonds look like putting in a H&S...only problem theres a lot of eyes on bonds and most likely this pattern wont play out, might get a short term wack then everybody will be calling it and the pattern will fail.....overall i think there will be rotation from bonds to stocks only after a bottom has been put in.

III. A Financial Emergency Is Coming
A "financial 911" -- a "financial armageddon" is coming, likely due to a "systemic margin call" related to the credit default swaps -- the CDS, or ongoing Treasury market repos, the result of which will be a run on the dollar, a stock market meltdown, and a sell off of US Treasury Bonds.

The dollar's continual decline will be coming from a decline in stocks as the current rally ended yesterday: foreign investors are going to pull out of dollar denominated stocks realing from deleveraging investment banker and real estate assets. In as much as gold trades inversely with gold, it will be going up. Another reason for gold increasing is that Bernanke is going to testify April 2, 2008 before Congress: the currency traders are likely to run up the Yen, FXY, and the Euro, FXE, as preemptive punishment for his actions in debasing the US currency.

The ongoing chart of the US Dollar, $USD, shows that it has fallen to near an all time low at 71.70.

The stock market's continual decline will be coming from two sources. First, Eddy Elfenbein provides the chart of borrowing from the Federal Reserve, which suggests that the banks such as Citicorp, C, are insolvent. Secondly, yesterday's and today's financial sector downturn over credit default swaps, CDS, suggests a type of "systemic margin call" is imminent.

The result of the coming "financial emergency" will likely be that that cash accounts such as money market accounts, money funds, checking accounts, and dollar denominated short selling accounts at brokerages cannot and will not be honored at face-value in the event of a "financial emergency".

http://my.opera.com/richardinbellingham/blog/

[MC]

Originally Posted by J Chan

posted yesterday....on HSM
MATK... has show resiliency to current market conditions.
As Big stated inovations at the company continue, growth looks good.
it has broken a longer term resitance point and if it can establish a new support level here it should move higher.


Follow up.....3/24/08

Biotechnology & Drugs (SECTOR: $BIOTRX) made a very nice move today.

Martek Biosciences Corp (NASDAQ: MATK)
made a fairly nice move with a high of day 32.50
closing up Last: 31.89 Chg: +0.73 (+2.34%)
the yellow area on the chart may be an area where there will be some selling, the buyers back in early January, have been suffering with market conditions, they are, and have been selling into strength. mutiple things could happen the next level also could cause the shorts to come out and cover.
the chart is good, the sector showed renewed interest it may pull back and form a C&H this would follow a move to the target based on the nice consolidation period when the sector was in decline the stock held its own.


A longer term view...with no noise.
scroll down..

Nice call Chan.
I don't like the volume on that one for the long term.
BUT...as a trade like you suggested it already hit your yellow target. 8)

[Carl Icahn]

Last couple days volume has been like a ghost so i thought id point this out, also if there is going to be dooms day coming people still gotta eat. Keep watch for a low volume pullback