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GTE
Nov 22, 2014 18:01:09 GMT -5
huh likes this
Post by sloop on Nov 22, 2014 18:01:09 GMT -5
huh, have you done any DD on this co? No, none. I don't even know the name of the company or what they do (I assume oil sector since clinton trades it). I know that stuff is watermarked in the chart, but I honestly never even look at that - I only see the candles. lol here's a start www.analystratings.net/stocks/NYSE/GTE/
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GTE
Nov 22, 2014 18:18:06 GMT -5
huh likes this
Post by jacksrbtr on Nov 22, 2014 18:18:06 GMT -5
No, none. I don't even know the name of the company or what they do (I assume oil sector since clinton trades it). I know that stuff is watermarked in the chart, but I honestly never even look at that - I only see the candles. lol here's a start www.analystratings.net/stocks/NYSE/GTE/Nice site! They should do this for men when one is still in the dating game....
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GTE
Nov 26, 2014 13:10:15 GMT -5
Post by sloop on Nov 26, 2014 13:10:15 GMT -5
Clint, I have an order in for 4.00 I doubt it gets there but just incase
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GTE
Nov 26, 2014 17:52:13 GMT -5
Post by clinton on Nov 26, 2014 17:52:13 GMT -5
ya never know when fear sets in
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GTE
Nov 28, 2014 8:29:38 GMT -5
Post by sloop on Nov 28, 2014 8:29:38 GMT -5
Just bought a bunch at 4.13 pre market.
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GTE
Nov 28, 2014 9:48:57 GMT -5
Post by sloop on Nov 28, 2014 9:48:57 GMT -5
Just bought a bunch at 4.13 pre market. bought a WHOLE BUNCH at 4!!!!!!!
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Post by huh on Nov 28, 2014 10:27:31 GMT -5
JMHO, but be sure to honor that stop. Small intra-day double-top now for 5.02. But if it loses that 4.99 support, downside could be as low as 3.95. Again, JMHO. So take it FWIW. 3.95 target hit. Still potential for lower, but worth watching for a good bounce. Would expect a backtest of at least the 4.39/4.40 area to start soon - just not sure if it sees that 3.50 area first or not - need to see what it is does right here. ...(but still have potential downside targets of 3.50-3.95)...
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GTE
Nov 28, 2014 12:26:49 GMT -5
Post by huh on Nov 28, 2014 12:26:49 GMT -5
If this were to gap down to ~3.50/3.51 Monday, it's a short term buy IMHO. Mental stop against mid to high 3.40's. 3.51-4.40 would be a nice pop and a good risk/reward set-up. That gap down would also likely create a short term capitulation bottom in oil (refer to my expected bottom range in oil).
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GTE
Nov 28, 2014 22:13:10 GMT -5
huh likes this
Post by sloop on Nov 28, 2014 22:13:10 GMT -5
If this were to gap down to ~3.50/3.51 Monday, it's a short term buy IMHO. Mental stop against mid to high 3.40's. 3.51-4.40 would be a nice pop and a good risk/reward set-up. That gap down would also likely create a short term capitulation bottom in oil (refer to my expected bottom range in oil). . I have 300k ready for 3.50 BABY!!! Let's do it iin the road!!!!!
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GTE
Nov 29, 2014 0:52:23 GMT -5
Post by huh on Nov 29, 2014 0:52:23 GMT -5
If this were to gap down to ~3.50/3.51 Monday, it's a short term buy IMHO. Mental stop against mid to high 3.40's. 3.51-4.40 would be a nice pop and a good risk/reward set-up. That gap down would also likely create a short term capitulation bottom in oil (refer to my expected bottom range in oil). . I have 300k ready for 3.50 BABY!!! Let's do it iin the road!!!!! I hope it gaps down for you. If so, I'd consider using 3.51 as the buy point, JIC, if it isn't lower than that in pre-market. That's where the support sits Monday morning. The chart below shows where that support line comes from (blue line). It's a large H&S neckline. Technically this stock confirmed a double-top today with that close (red lines), target ~1.85. But I would expect a bounce off of the neckline at least enough to fill the gap (white arrow). But do need to keep a tight leash on this one in case it doesn't bounce. If it's going is to bounce, would expect it fall down to or lower than that blue line, but then ... and this is the most important part! ... close back above that blue line by EOD. BOL - again all of this assumes more downside from here. If it rises instead, then it will likely fill that gap, but you wouldn't want to own it even at 3.50 after that gap's filled. JMHO
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GTE
Nov 29, 2014 1:01:34 GMT -5
Post by sloop on Nov 29, 2014 1:01:34 GMT -5
All oil/energy stocks took a huge hit today. This had nothing to do with the chart.
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GTE
Nov 29, 2014 1:11:59 GMT -5
Post by huh on Nov 29, 2014 1:11:59 GMT -5
All oil/energy stocks took a huge hit today. This had nothing to do with the chart. I'll never understand how people can honestly believe that. The charts also predicted the huge hit in the entire oil/energy sector. Have you not seen my posts on XLE? I can understand where people may not believe thinking it's some kind of voodoo magic or something - like trading using moon phases, or some other ridiculous thing. But charts are simply a graphical representation of the results of simple mathematical equations - like drawing a shape using a simple algebraic formula. Our computers do that day in and out. And the entire market runs on mathematical equations - more than 80% of all trades are now performed by algos - those algos only use mathematical formulas. There's no magic behind it, only numbers.
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GTE
Nov 29, 2014 13:09:29 GMT -5
huh likes this
Post by sloop on Nov 29, 2014 13:09:29 GMT -5
You know honestly I did not look at your charts and I probably should have. I'm sorry I am not discrediting charts at all. I make my money off of charts, but I figure the collapse in oil was the reason for this huge downturn in oil all I hope now that it's All over. that was a pretty big debacle on Friday so we'll see what happens, but I do like your charts huh
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GTE
Nov 29, 2014 13:11:35 GMT -5
huh likes this
Post by clinton on Nov 29, 2014 13:11:35 GMT -5
All oil/energy stocks took a huge hit today. This had nothing to do with the chart. I'll never understand how people can honestly believe that. The charts also predicted the huge hit in the entire oil/energy sector. Have you not seen my posts on XLE? I can understand where people may not believe thinking it's some kind of voodoo magic or something - like trading using moon phases, or some other ridiculous thing. But charts are simply a graphical representation of the results of simple mathematical equations - like drawing a shape using a simple algebraic formula. Our computers do that day in and out. And the entire market runs on mathematical equations - more than 80% of all trades are now performed by algos - those algos only use mathematical formulas. There's no magic behind it, only numbers. hit had to do with OPEC, charts are merely the reflection in the rear view mirror. insiders probably knew the opec news ahead of time hence the chart setting up.
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GTE
Dec 1, 2014 10:42:11 GMT -5
Post by huh on Dec 1, 2014 10:42:11 GMT -5
Gotta run, but keep an eye out for GTE ~3.51 as a long play. It can fall below that some without breaking the potential bullish reversal, but what's really important is where it closes.
JMHO & BOL all.
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GTE
Dec 2, 2014 9:23:51 GMT -5
Post by huh on Dec 2, 2014 9:23:51 GMT -5
GTE trading at 3.50/3.51 in pre-market. I think it could see as low as mid to low 3.40's today, but then close green. If so, would expect a move to perhaps as high as 4.40.
I was bearish on this over $6, but I think it's now a long swing play here.
JMHO
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GTE
Dec 2, 2014 10:28:37 GMT -5
Post by huh on Dec 2, 2014 10:28:37 GMT -5
GTE trading at 3.50/3.51 in pre-market. I think it could see as low as mid to low 3.40's today, but then close green. If so, would expect a move to perhaps as high as 4.40. I was bearish on this over $6, but I think it's now a long swing play here. JMHO An exercise in patience it seems.
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GTE
Dec 2, 2014 21:31:27 GMT -5
huh likes this
Post by sloop on Dec 2, 2014 21:31:27 GMT -5
There is your nice entry point a nice doji to end the down trend Bought a couple shares today at the close.
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GTE
Dec 4, 2014 10:58:48 GMT -5
Post by huh on Dec 4, 2014 10:58:48 GMT -5
I'm not as excited about this one now if it can't hold 3.50 (especially if IWM were to lose 116.25). Took to long getting here & oil lost it's support.
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Post by huh on Dec 5, 2014 9:45:25 GMT -5
GTE working on a small H&S now, target 3.25-3.27 on top of this longer term support.
If playing this against the 3.50 support, gotta use a tight stop (no lower than 3.45) IMHO. The 3.20's would put it too far under that support - and under that support sets up a larger bearish pattern.
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