Market Watch for the week 8/3/2009

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Originally Posted by dread

Hey people!! Congratulations first off on BEHL!! :)
I am happy to see everyone start making money on this one now.

SAN JUAN CAPISTRANO, CA--(Marketwire - August 3, 2009) - Biocentric
Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the company
is in serious negotiations of an exclusive licensing agreement for the
manufacture and use of Biocentric's Patent Pending Algae Pro Closed
loop Photobioreactor System in Asia.

I might have to get in now that things are starting to wake up!!

Anyway, I threw 1k at FRNTQ and doubled my money. Just dumb luck looking through the airline sector, after oil made a head fake last week, when the news broke on LUV bidding up the buy out. Now FRNTQ is at .30!! Piss me off!!! I should have held on longer!!!
Might play this with the house money up until 8/11 or just before. The chart looks like a damn staircase LOL!!!

SIRI- Good to see it finally move up again into the high .40's, good for the longs, hang in there guys!! :)

The BDI is heading down a little, seems that the shippers are stuck in the horse latitudes, with a few exceptions.

OK, back to sifting through the turds, see if I can't make some positives gains.

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Besides the BDI - keep an eye on the SHX - it actually has the shipping stocks we trade as the components of the index...

http://www.scripps.edu/~davess/siri4/SHX2.png

Here's an older list of the components..

http://www.hardassetsinvestor.com/in...sk=view&id=587

Anyway, you're right, they are a mismatch today - wobbling.

hey dr. dave nice find, im guessing thats kind of a big deal for behl to be there, hopefully we get some more big money coming in tomorrow :)

EXM closed at the top of the potential bull flag today...

This is the same pattern BEHL had, but the flag is straight - you either want to see straight or down with decreasing volume during its formation. If I was awake at the EOD, I may have bought it, but looking for a break. Maybe tomorrow. The Dow transports are still shooting up, CAT, which is a good indicator for construction is shooting to the moon.

http://www.scripps.edu/~davess/siri4/EXM2.png

DHT made its decision, but the volume sucked on its piercing of the upper trendline - not to good of a sign

http://www.scripps.edu/~davess/siri4/DHT2.png

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Originally Posted by ray

when you start taking lessons then quit it takes so much longer to get your ticket....I have only flown cubs ...some 172 and 150...little bonanza time but thats it ...cubs are rocking good fun...

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If I wasn't in the middle of renovating two apartment buildings...I'd still be flying and working toward my ticket.

I only have 4 months a year to do so (work schedule), and a CFI who only teaches on the weekends, so the window was incredibly small this year.

Don't forget SEA, you know me and those silly ETF's!!! :)

After I bailed out on SRS, I got a nice thick booklet on ETF's from proshares. Been reading through it and researching.

Oh, and welcome to the fold Rualan!! :)

Have a good night peoples!!

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Originally Posted by GoHerdGreg

Bill, et al--

There will be no due diligence with regards to BEHL this week, IMHO.
It will all be stick-and-move, read-and-react.

It should be a WILD ride, regardless of the outcome. ;)

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Hey Greg,

It will be interesting to see what it does tomorrow after leveling out and basically consolidating today.

I really like your comments on what to do with money last week...the comment about paying yourself and what money is all about. ;)

Trying to establish a longer term ride on this guy, but want to avoid losses, here's a trick used by some guys - note, this is for big board stocks.

http://www.scripps.edu/~davess/siri4/EGLE.png

Quote:

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Originally Posted by dread

Don't forget SEA, you know me and those silly ETF's!!! :)

After I bailed out on SRS, I got a nice thick booklet on ETF's from proshares. Been reading through it and researching.

Oh, and welcome to the fold Rualan!! :)

Have a good night peoples!!

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Thank you! I'll add that to my shipping list. Looks like reaching 14 on the sea chart and the other resistance on the SHX is where we need to be careful... clear that and the rest should be good - I'm keeping an eye on the BDI though, as it may be a leading indicator as to where the SHX and SEA go.

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Originally Posted by Dr. Dave

Good luck tomorrow if I miss the whole thing - gotta keep chugging at work.

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LOL, I finally found a place where I can get an answer in. I love the charts! OCNF is setting up quite nicely now. It will be really interesting to keep an eye on it.

check out the video on the top right, the announcers go on about spongetech at the mlb game

http://www.cashengine2009.com/

SPNG.OB