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Post by huh on Oct 7, 2013 10:58:02 GMT -5
...Oh, and today's high so far peaked at the 50% mark of that lower channel (white lines).
So 4 potential resistance points here.
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Post by maxi on Oct 7, 2013 11:13:53 GMT -5
6.9% short since Sept 15th....
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Post by huh on Oct 7, 2013 11:15:36 GMT -5
The nice thing about major resistance areas like this is if they break out above. Would set off a huge upside move (and unfortunately for me, likely a gapping, have-to-chase move).
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Post by maxi on Oct 7, 2013 11:20:20 GMT -5
This is how I see it.....
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Post by huh on Oct 7, 2013 12:16:19 GMT -5
That's bullish. Ate up all that resistance (if it even was) with only the slightest pullback.
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Post by maxi on Oct 7, 2013 12:35:02 GMT -5
That's bullish. Ate up all that resistance (if it even was) with only the slightest pullback.
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Post by maxi on Oct 7, 2013 12:38:19 GMT -5
Paulson and others are buying this other Greek bank......
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Post by nats on Oct 7, 2013 12:46:51 GMT -5
That's bullish. Ate up all that resistance (if it even was) with only the slightest pullback. I don't have 20 minutes to watch that video but you get the idea in the first 20 seconds!
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Post by huh on Oct 7, 2013 12:53:16 GMT -5
That's funny. I was even thinking of Pac Man when I wrote that.
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Post by maxi on Oct 7, 2013 13:52:23 GMT -5
This is either running the stops or a boo-boo! That Alpha Bank is up 19% tho... CNBC got there sticky little fingers in this so it's anybody's guess as to how this will end up. If Cramer gets in on this we are doomed! (JK) The fab four ( or three or however many) Fast Money morons talked about it on Friday....
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Post by nats on Oct 7, 2013 14:18:46 GMT -5
That's funny. I was even thinking of Pac Man when I wrote that. I meant to ask you, were you thinking of Pac Man when you picked your avatar?
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Post by huh on Oct 7, 2013 17:11:41 GMT -5
Nope, wasn't trying for Pac Man. But now that you mention it, sure does look like a goofy version of him. Also, now that you mention, reminds me of how bad I was at that game, but only because I was horrible at it!
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Post by huh on Oct 7, 2013 17:20:11 GMT -5
Nice close on NBG. Broke through all 4 resistances and closed above. Also a nice consolidation and backtest of the 100dma.
I didn't buy today, only to be sure it doesn't do a 05/17 type move. But I don't think so. Far too many differences between now and then.
A good stack of supports under here now - 5.25, 5.16 (100dma), 4.95-5.00 and the major, 4.50 (bottom of that white channel). As long as it doesn't lose that major support, I'll likely be chasing it from here and I doubt it gets anywhere near that. Wouldn't be surprised if it gaps up again tomorrow.
After waiting about 2 years, I may finally get to play this one to the long side. So thanks for keeping us updated Maxi!
Now if only I could get Maxi to sell some of those shares she picked up much lower than here at cost. Bwahaha!
JK. Nice job, Maxi!
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Post by huh on Oct 7, 2013 17:28:30 GMT -5
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Post by maxi on Oct 7, 2013 19:03:47 GMT -5
I'm selling both my cats and my step daughter on EBAY to raise more cash to buy more NBG! I still find my husband useful tho......
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Post by maxi on Oct 7, 2013 19:18:44 GMT -5
Ok I admit it. I am cooking stew and drinking red wine and listening to 80's er late 70's? music.......
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Post by maxi on Oct 7, 2013 19:31:33 GMT -5
This is an interesting view 6 mos weekly
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Post by maxi on Oct 7, 2013 19:35:14 GMT -5
With the MACD shows the potential better....
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Post by huh on Oct 8, 2013 11:19:15 GMT -5
Long some NBG at 4.91.
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Post by huh on Oct 8, 2013 11:22:23 GMT -5
I didn't buy today, only to be sure it doesn't do a 05/17 type move. But I don't think so. Far too many differences between now and then. Sorry, I meant a 05/20 type move. But it would have to lose 4.50 to do that. And I don't think it will (aka hope).
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