TOPT triple bottom

Posted by downtowntrader | 8/27/2005 10:36:00 PM | 0 comments »


TOPT has just formed a triple bottom. They broke the downtrend from 20's and have since consolidated in a rectangle with high 16's as resistance. I bought in on 8/18 and then again on 8/26 at an average of 14.15. Looks like it will at least test high 16's. Has both RSI and MACD divergences.

BCON moving even higher!

Posted by downtowntrader | 8/24/2005 01:51:00 PM | 0 comments »

BCON is working it's way higher. I have an ascending triangle forming on the 5 minute dail chart. Should yield at least a .35 cent pop from the breakout point. Good luck.

DT

BCON Update

Posted by downtowntrader | 8/23/2005 04:46:00 PM | 0 comments »



BCON continues to run higher on surging volume. These are 5 and 60 minute charts i've been going by for the past 2 days. Looks like 4.40's can be used as a stop loss point near term. Stock would have to retrace 50% and fall below today's base.

DT

Is it time to short home builders?

Posted by downtowntrader | 8/23/2005 01:35:00 PM | 0 comments »


I shorted TOL earlier this morning. I actually shorted them last week.. but was stopped out on a poor stop on my part. But they have closed below trend line twice and there was a bad report on July home sales that may be the catalyst needed. Shorted at 48.21. We'll see how it works out.

DT

BCON finishing strong

Posted by downtowntrader | 8/22/2005 07:02:00 PM | 0 comments »

Closed at new High of year on strong volume.

HAR - Cup an Handle

Posted by downtowntrader | 8/22/2005 04:35:00 PM | 0 comments »


HAR has built a nice cup and handle base on the 15 minute 2 day chart. Pivot point is 108.60, but can be bought on break of pullback downtrend. Safest entry is to wait till pivot point is broken on strong volume though.

DT

BCON Update

Posted by downtowntrader | 8/22/2005 08:55:00 AM | 0 comments »

Well, BCON did bounce back after filling gap hitting 3.70's. BCON has yet to close under 10 ema in August. Looks like 3.30 will remain as intermediate support.