I think BMD moves big today

[TheChartGuru]

Support at $6.40...Once there, remember to wait for MA(200)

The Guru has spoken

[madcowdisease]

Support at $6.40...Once there, remember to wait for MA(200)

The Guru has spoken

Thanks for the heads up. That's an interesting stock even without your endorsement. I will definately follow it.

[jeffwils]

Guru do you just buy stocks that break out of the MA(200)? I know that is a great level of strength but I see a lot of them that break that pull back right away then head south. I search for stocks on stock fetcher. I look at the stocastics and the moving averages. Thanks for the help...just trying to learn a little from the master.

[TheChartGuru]

I look for stocks that are oversold and are trading below their MA(200), in the 1 minute chart, for at least 2 days. So the MA(200) breakout will be powerful. Now to be absolutely certain of the breakout, you can wait for a pullback to the MA(200), or at least close to it, and wait for the bounce. Look at NAVR and OWENQ and see what I mean. Watch BMD tommorrow and follow the price action and the MA(200) in the 1 minute. BTW, when it breaks out of the MA(500), look out! Another pop.

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[Joel90069]

I'm embarassed to say I'm a bit lost by this. When I looked at the MA(200) for NAVR today it was somewhere around $6.40. I just don't get where you're looking. What do you mean by "in the 1 minute?"

[GDFLS]

I hear ya Joel, I am just learing charts, I am having a hard time getting a grip on them.

Hey TCG, you ever consider putting together a PowerPoint demo on chart reading?? I'd buy that demo from you in a second :D

[Joel90069]

Ok, looking at the charts on Prophet.Net helps put things in a bit of a better perspective. Now I understand what TCG means by "in the 1 minute".

[stockbroker]

I hear ya Joel, I am just learing charts, I am having a hard time getting a grip on them.

Hey TCG, you ever consider putting together a PowerPoint demo on chart reading?? I'd buy that demo from you in a second :D

7

BMD has been slaughtered by the 200 minute MA as of late. (blue line)

The next push should be right through the 200 MA for a good move to atleast $6.60 and from there to the 500 minute MA.

[jeffwils]

you gotta look at prophet to see what he is talking about. I am sure there are others but i could not seem to find them. you need the silver membership to get real time quotes.

[englishman26]

I've been watching this stock for a long time and waiting for an entry point. I actually put it in my monthly challenge as I thought it might come good this month -but it didn't really!

Looks a great buy at $6.40, for a trade, but I actually think it's good long term too.

I think RIMM is a great buy at $70 too.

[TheChartGuru]

Thanks for the chart Stockbroker. A 1 minute chart is simply looking at price action in 1 minute intervals. During the day, I also look at 5, 10 and 15 minute charts to get a better picture of what the stock is doing. So basically, I'm looking for an oversold stock that is breaking out of a 200-minute average price. To see what I mean, simply go to prophet.net or Bigcharts.com. On the time frame, click on "1 Minute" and set to SMA(200). Now look at what OWENQ and NAVR did yesterday and follow the MA(200) and MA(500). Hope this helps

BTW, I think BMD moves big today. Just follow the 200 for entry

The Guru has spoken

[TheChartGuru]

What a niiiiiiiiiiiiiiiiiiiiiiceeeeeeeeee slooooooooooooooooooow ride up.

Got in when it was flatlined, 2000 @ $6.58. This is a good company so I'm going to hold for a few days or until I make at least 20%.

My next victim is BCON. Also a flatlined stock at $1.58. Huuuuuuuuum...ends in .58 too

The Guru has spoken

[Pierre]

Hey TCG, thanks for the calls...
I got some BCON @ 1.58, been watching that one for a while...
Also picked up DCN on the 2nd pullback @ 2.27... I think the carnage is over for a while, hoping for management to release some news after close. Curious as to why you did'nt buy back in after it touched bottom again...
Thanks, I really appreciate your wisdom!

[TheChartGuru]

DCN has not been able to close above the MA(200) in the 1 minute chart. So no telling how much lower it's going to go. May be a better buy Mond or Tuesd

The Guru has spoken

[TheChartGuru]

Looks like BMD is going to pullback here. Can't leave my profit on the table like this. I'm out at $6.82. Taking my $480 and I'll wait for the pull back. Not bad for 1 days of "work" :)

The Guru has spoken

[jeffwils]

Great job GURU. I have been waiting to see what you were gonna do on that. Been sitting here watching that thing bounce back and forth from $6.80 to $6.85. Watching BCON too...that thing flatlined a while ago and cant seem to get any steam. Thought about buying it but cant make up my mind.

[TheChartGuru]

DO NOT buy BCON yet...it's not ready...If not today then for sure we'll make a killing Monday. Now, looking for the right signals to but BMD back. This is too much fun! Wish I could do this full time soon :)

The Guru has spoken

[jeffwils]

I agree...this is a blast. Made some change on DCN this am on the runup...strictly a gamble but it paid off. I figured there was some panic selling going on. If I had watched the candles I could have pulled another dime out of it.

I'll wait for BCON to look better. In the words of Doc Holiday..."say when." HA!

By the way...im sure you know this but BMD took a nose dive just a while ago. Great timing.

[TheChartGuru]

I saw the top, so I sold. I like to post what I'm buying and selling "real time" so traders here can learn from what I'm looking at and from what I'm doing. BMD sold off moments after I alerted the top. That's why I haven't alerted a BUY on BCON yet...I'm waitng for a MA(500) breakout on the 1 minute chart. Follow it and see what I mean.

The Guru has spoken

[jeffwils]

I have BCON on my right screen as well as DCN. There is some change to be made in DCN I think when it heads north.

On BCON why are you waiting on the 500 instead of the 200. Just curious.

[BigDawg291]

Thanks TCG, I got out of BMD just in time, because of your advice of selling it. I got out literally just in time, not 2 minutes after I got out at 6.85, it was down in the 6.70s.

[TheChartGuru]

Remember, I want a stock to BREAK OUT of the 200. BCON has been ON the 200 since about 12:30. So the next significant MA would be the 500. I don't think we'll see a move up today. Hope it sell offs at end of day, so the bounce Monday will be higher

The Guru has spoken