Zoomie did great today, as usual (and especially compared to me!). He stuck with stocks associated with countries starting with ‘C’. A strategy I had not considered :-)
He traded Central Fund of Canada Limited (NYSE: CEF) for 2.1 R:
and then traded China Unicom Limited (NYSE: CHU) for -0.43 R:
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| CEF |  |  |  |
| CHU | | | |
November 27th, 2006 at 3:28 pm
that is definitely an interesting strategy…i traded aapl, but didn’t even consider alcoa…up until now, i had never really understood the alphabet soup strategy
November 27th, 2006 at 3:32 pm
LOL. Did you catch my spelling error? That word is in my head because of the first post on yer blog ;).
November 27th, 2006 at 3:33 pm
LOL. Did you catch my spelling error on comments on CHU? That word is in my head because of the first post on yer blog I read everyday ;).
November 27th, 2006 at 5:01 pm
Nice.. I wasn’t even looking at anything long in yesterday’s action.
November 27th, 2006 at 6:22 pm
zoomie: lol
November 27th, 2006 at 8:35 pm
Nice trades Zoomie.
I thought of entering CEF off the break of the 11th bar high (X’s setup on Fib 38), but I didn’t take it because every other symbol in my watch list was going down like crazy. Who knew it would reach Fib 100 !
November 27th, 2006 at 9:13 pm
NoGreed,
Thanks. I was lookin at that 11th bar too, wondering why I sold ;). I think the 11th bar was a good setup, but as you say, I just saw a sea of red with the market. I have not ventured to fib extention setups as of yet. Not successfully anyway. Kinda cool how it stalled exactly at 161.8% fib.