Posted by Option Addict on
2/12/2007 at
5:28 PM |Permalink
Just wanted to say that the audio/visual presentation (especially of the watch list) is very cool. It's helping me understand this a lot more and be a much better trader all at the same time. -liz prior
Jeff, I love the video format. It really helps to see the patterns you are talking about. If I can watch your videos for a few years I might start to understand this process. Now if I can just rev my slow Southern ears up to you fast California tongue...
Hi Jeff, I am a new visitor to your site and I just wanted to say that I think you are doing a great job. Thank you for all the information. If you have time for a question, I have been quite confused regarding 1 aspect of trading. I can explain it by using the example of MNST.
On 1/17, MNST had an intraday high of 51.39. This area was tested and held within a few cents on 2/01, 2/02, 2/07, 2/09 and 2/10 - thus leading me to assume it is now quite a strong level of support.
I also noticed that it has a very very strong diagonal level of support starting on 11/03 and testing on 12/01, 12/13, 1/10 and 1/29.
I entered this trade on what I thought would be a bounce off the 51.35 area.
My question is this, if this level is broken over the next couple of days, would I just go ahead and use the diagonal level as my new support? I was always told by instructor to avoid moving stops around. The thing is, the support seems so strong in both areas, I dont know if I want to get out on a break out the 51.35. If it continues to go down and break through the diagonal support, ill end up feeling like an idiot for not selling on my original stop. I hope you understand where I am coming from and can provide a little insight.
Jeff, great video, thanks. I will be at Orlando. I will look you up. Always appreciate some method to narrow down a watch list. Mine grows until it is unwieldy, and I miss great trades because of too many. So the question. How often do you update your watch list? How many stocks do you carry in the list? Cheers, Jaws
I too think your videos are great and really appreciate the effort and willingness on your part to share.
Not sure if this is where we ask questions but will give it a shot. Looks like a cup & handle formation on CSCO. Do you wait for the break out and would this be something you would trade?
Sorry, I won't be at Orlando this year either. But you have a great time. Perhaps the next one.
Jeff, What can I say more???...THANK YOU for the effort and the advice.
I'm in PPC, X, ESI, TYC this morning. Enjoyed the analysis - now it's time to enjoy the profits!!!!
After the Orlando Conference you're all invited to the Boston Conference I'm going to hold. I've negotiated a great rate at the Motel 6 and will even let us use the outside patio FREE for the reception!!
I recently took MLM over earning and it had a nice jump (one of those I decided to do). It just retested and is up again today. Overall in an uptrend. You may want to consider it for your watchlist.
I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
Just wanted to say that the audio/visual presentation (especially of the watch list) is very cool. It's helping me understand this a lot more and be a much better trader all at the same time.
-liz prior
Posted by Anonymous | 2/12/2007 06:20:00 PM
Jeff,
I only have one comment on the video format.....excellent. Sorry I can't be in Orlando. It would be fun to meet you and the others on this blog.
Sean M.
CA
Posted by Anonymous | 2/12/2007 07:00:00 PM
Jeff, I love the video format. It really helps to see the patterns you are talking about. If I can watch your videos for a few years I might start to understand this process. Now if I can just rev my slow Southern ears up to you fast California tongue...
Bob
Posted by Anonymous | 2/12/2007 07:09:00 PM
Hi Jeff,
I am a new visitor to your site and I just wanted to say that I think you are doing a great job. Thank you for all the information. If you have time for a question, I have been quite confused regarding 1 aspect of trading. I can explain it by using the example of MNST.
On 1/17, MNST had an intraday high of 51.39. This area was tested and held within a few cents on 2/01, 2/02, 2/07, 2/09 and 2/10 - thus leading me to assume it is now quite a strong level of support.
I also noticed that it has a very very strong diagonal level of support starting on 11/03 and testing on 12/01, 12/13, 1/10 and 1/29.
I entered this trade on what I thought would be a bounce off the 51.35 area.
My question is this, if this level is broken over the next couple of days, would I just go ahead and use the diagonal level as my new support? I was always told by instructor to avoid moving stops around. The thing is, the support seems so strong in both areas, I dont know if I want to get out on a break out the 51.35. If it continues to go down and break through the diagonal support, ill end up feeling like an idiot for not selling on my original stop. I hope you understand where I am coming from and can provide a little insight.
Thanks a lot man. I apprecaite your time.
SJE
Posted by Anonymous | 2/12/2007 07:36:00 PM
Excellent Video Jeff. I won't be able to make it to Orlando, But looking forward to get updates about the conference and all the fun stuff
raaj
Posted by Anonymous | 2/12/2007 09:00:00 PM
Love the video format. Thanks for all you do!
Posted by Amy | 2/12/2007 09:02:00 PM
Jeff,
great video, thanks. I will be at Orlando. I will look you up. Always appreciate some method to narrow down a watch list. Mine grows until it is unwieldy, and I miss great trades because of too many. So the question. How often do you update your watch list? How many stocks do you carry in the list?
Cheers,
Jaws
Posted by Anonymous | 2/12/2007 09:55:00 PM
Hi Jeff,
I too think your videos are great and really appreciate the effort and willingness on your part to share.
Not sure if this is where we ask questions but will give it a shot. Looks like a cup & handle formation on CSCO. Do you wait for the break out and would this be something you would trade?
Sorry, I won't be at Orlando this year either. But you have a great time. Perhaps the next one.
Suzanne
Posted by Anonymous | 2/12/2007 11:28:00 PM
Jeff,
Thanks for taking the time to help us all out. You do a great job. Everyone have a great week.
Danny K
Posted by Anonymous | 2/13/2007 05:02:00 AM
Jeff,
What can I say more???...THANK YOU for the effort and the advice.
I'm in PPC, X, ESI, TYC this morning. Enjoyed the analysis - now it's time to enjoy the profits!!!!
After the Orlando Conference you're all invited to the Boston Conference I'm going to hold. I've negotiated a great rate at the Motel 6 and will even let us use the outside patio FREE for the reception!!
Gary
Boston
Posted by Gary D | 2/13/2007 08:46:00 AM
Love the video.
I recently took MLM over earning and it had a nice jump (one of those I decided to do). It just retested and is up again today. Overall in an uptrend. You may want to consider it for your watchlist.
Thanks for all you do!
Posted by Strat | 2/13/2007 09:47:00 AM
Is anyone else having trouble with investools website today? I can't get corporate snapshots, prophet charts, or market matrix to pull up.
Posted by Anonymous | 2/13/2007 09:48:00 AM
Hi guys,
If you click on Jeff's link to YouTube from yesterday - today's video is now up and you can catch it there.
Happy Watching!
Jodi
Posted by Anonymous | 2/13/2007 10:13:00 AM
TSO broke out today. Could be an upside of about $12.
Posted by Anonymous | 2/13/2007 10:13:00 AM
TSO broke out today..could be an upside of $12.
Posted by Anonymous | 2/13/2007 10:14:00 AM