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Old 11-22-2005, 06:09 PM   #1
paydabill
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Default chk - candlestick chart people

Does anybody else see the the pattern that CHK just did today. Can we say bull?
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Old 11-22-2005, 06:25 PM   #2
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If you're right, coupled with this bit of news http://news.yahoo.com/s/ap/20051122/.../natural_gas_1, CHK and other natural gas companies might start jumping up. Currently, CHK is up a tad in after-hours, so let's hope for a bump tomorrow.

I know we're suppose to diversify, but I also own SU, (Suncor, Canadian natural gas) and ESLR (Evergreen Solar), both of these have climbed a bit through the past weeks. This might be a trend and we might not have seen the last of the energy stocks craze. This is great news for me, since I'm a little heavy on the energy.
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Old 11-22-2005, 07:07 PM   #3
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CHK is heading higher. It is now trading above its MA(10) on the daily chart and it's on its way to trading above its WEEKLY MA(10)

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Old 11-22-2005, 09:01 PM   #4
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I think if the price of natural gas goes up, CHK will go up. If it goes down, so will the stock. Technical charts based on yesterday won't have much to do with it. jmo
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Old 11-23-2005, 02:15 AM   #5
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Quote:
Originally Posted by TheChartGuru
CHK is heading higher. It is now trading above its MA(10) on the daily chart and it's on its way to trading above its WEEKLY MA(10)

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I guess I should have waited before I sold it in my Madmoneychallenge portfolio. I haven't done to bad in that account, over 30% gain in a month. Not as good as the 200% in the top ten.

Hey, I'll take 30% in a month any day.

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