tag:blogger.com,1999:blog-9226230.post2832797002552468789..comments2023-10-20T05:43:46.254-07:00Comments on All Allan: The Tao of TradingUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-9226230.post-14126966702700303022010-08-13T21:11:00.263-07:002010-08-13T21:11:00.263-07:00To my view,its not the stock's 'closing...To my view,its not the stock's 'closing' price that matters....its the support/resistance level breaking or holding that matters more.<br /><br />closing price means nothing in reality. Why? because 'closing price' simply means an arbitrary moment in time, new york at 4 pm. on one day in the course of a week,or a season, ....its arbitrary. the true energy of a stock movement hasmore to do with elliott wave structure,fibonacci retracements, support levels/resistance levels and trendlines and ...what price folks paid for the stock and where the next target might be . and triggered by news to some degree,decides to go in a certain direction....not bound by 4 pm new york...nor by 4 pm friday new york...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-33138153941489547632010-08-09T18:09:37.416-07:002010-08-09T18:09:37.416-07:00where is Allan, I am worried ...where is Allan, I am worried ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-55672513095465361582010-08-09T15:24:35.624-07:002010-08-09T15:24:35.624-07:00Do you know how to read stock closing prices?
Aug...Do you know how to read stock closing prices?<br /><br />Aug 2 - 1.33<br />Aug 3 - 1.31<br />Aug 4 - 1.29<br />Aug 5 - 1.25<br />Aug 6 - 1.14<br />Today - 1.13<br /><br />Looks down to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-16701972872831920912010-08-09T11:48:34.552-07:002010-08-09T11:48:34.552-07:00Actually,its not heading south at all !!
do you kn...Actually,its not heading south at all !!<br />do you know how to read charts?read candlesticks? fibonacci ?<br /><br /><br />today...this is what NNVC has done so far 3/4 th of the day done....<br /><br /><br />it dropped and held at 1.06<br />it rose from there and currently is holding at support at 1.10<br /><br />It has not plunged anywhere - today, at least.<br /><br />and the candlestick (so far) is a DOJI...meaning watch for a change of direction. i.e. possible Bottom here at 1.10<br /><br />Know the trading signals and you'll understand stock movement better.<br /><br />NNVC sits at major support low,here at the 1.10 area<br /><br />It Could drop more,to 1.00...and maybe even down to 85to 95 cents.<br /><br />OR it could turn around here and blast up to test 1.50<br /><br />If I was a first time buyer waiting for the decent buying opportunity,I would buy my first tranche now at 1.10<br /><br />Personally,I have the luxury to wait to see if it drops to 90 cents area and that would be my own buy opportunity.<br /><br /><br />thats the end of my comment about NNVC.<br /><br />and it harkens back to what I mentioned the other day....folks ought to stop worrying about NNVC and start looking at other great homerun stocks that are like NNVC in their potential....I named some....and today,as expected....UPWRF has soared again off of last fridays drop down to 1.95.....today its up another 11%,retesting its blast off highs from last week. <br /><br />Maybe it will make a 'double top' now and drop back to test 1.95 again.but I'm not worried because I know the story and investors are discovering UPWRF now.<br /><br />and you should too.<br /><br />your chance to get in was the middle of july at the 1.30 area ....then,the end of july at 1.60 area....and then last friday at 1.95 area.<br /><br />Now,2.00 may become the next best bottom base.1.80 -2.00<br /><br /><br />Look at<br /> BTIM<br />MISVF<br />......explore investment opportunities,<br />buy a newsletter like casey research,or Patrick Cox's biotech, instead of whining about nnvc.<br /><br />go examine BTIM and UPWRF<br /><br />....ok,thats it for me banging the table,nobody's listening.<br />(disclaimer:I guarantee nothing. do your diligence)<br /><br />tAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-89844351134884433692010-08-09T07:42:15.761-07:002010-08-09T07:42:15.761-07:00NNVC continue to head south ...NNVC continue to head south ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-28721863527542434702010-08-09T07:32:57.255-07:002010-08-09T07:32:57.255-07:00Well, NNVC is busted for a while. I think Alan is...Well, NNVC is busted for a while. I think Alan is *way* with his optimism on this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-16472650401713075552010-08-07T17:23:37.425-07:002010-08-07T17:23:37.425-07:00great stuff Allan....great stuff...
-Mike <kic...great stuff Allan....great stuff...<br /><br />-Mike <kicking and screamingUnknownhttps://www.blogger.com/profile/05995649848829149221noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-4036408670136380432010-08-07T14:42:15.683-07:002010-08-07T14:42:15.683-07:00Ahh,youre such a great fellow,I hate to be the fir...Ahh,youre such a great fellow,I hate to be the first responder and playing the devil's advocate.... plus I'm on your team as a supporter.<br /><br /><br />but here is how the other side of the coin goes<br /><br />"The spx 240 went short but the "Market" refused to follow thru,etc..."<br /><br />The 'market' the devil says,you must be talking about my beautiful plunge protection team.<br />my powerful goldman sachs super computers,my wizard behind the curtain.<br /><br />my totally rigged game.<br />that does what I tell it to do.<br /><br />The TAO of the Rigged game.<br /><br />"What is the Tao of Trading ?It is the Way..."<br /><br />What is the Tao of the Rigged Game...? It is the Government's Way.<br /><br />When you can design your system with a 'rigged game decipher code' and a sensitivity meter,and a blinking light and a wizard switch to flip when the governments switch flips.....THEN you will have the Tao of all mighty trading systems.<br /><br /><br />Until then, you will have these whipsaws,and a nice moderately winning profit system. <br /><br />I keep trying to feel the pulse of the wizard.thats why I sold my SDS play earlier in the week and didnt jump back on yesterday. <br /><br />but maybe Monday....maybe soon.and then maybe not...if the wizard says no.<br /><br /><br />tAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-71653136150627345932010-08-07T13:30:07.719-07:002010-08-07T13:30:07.719-07:00Allan,
This is a good post, and applies to life a...Allan,<br /><br />This is a good post, and applies to life as well as trading. Well written and to the point. Thanks.Anonymoushttps://www.blogger.com/profile/04277688755087131211noreply@blogger.com