ENG entry

Posted by downtowntrader | 9/02/2005 06:43:00 PM | 0 comments »


This might be a decent entry for ENG. Pulled back to previous downtrend line after possible breakout. Volume coming in here on the intraday.

DT

Update

Posted by downtowntrader | 9/02/2005 03:49:00 PM | 0 comments »

Funny how things work sometimes. I put an order in this morning to sell my bldp at 6.72 when i left the house as I knew it would come back to fill any gap. It hit 6.64 and has since pulled back to 5.60's. Oh well, I guess you can't get em all.

Other's on my watch list today.. BSM looks like it might try and fill gap, SCLN looked promising last night too as it bounced off the 5.00 mark again yesterday. Stopped at sma 10,20 and 50 though. BCON had a bullish piercing candle yesterday after settling down near the 50% retrace.

On a side note, it will be interesting to see if gas comes down a bit after everyone that's panicking and rushing to fill their tanks calm down. I have a bet with a co-worker who thinks it will rise 20 cents more by next Friday. I say no way.

DT

Hurricane Katrina - unbelievable

Posted by downtowntrader | 9/02/2005 02:01:00 AM | 0 comments »

I can't believe how bad this thing is. I was floored when I saw the damage Andrew had left us here in South Florida in 1992, but the devastation in New Orleans is incredible. It looks like a scene out of a bad movie. It's pretty sad how some are taking advantage that there are no police to keep order. I don't care so much about the looting (some are stealing food), but there are reports of rape and robbery, etc. That's really sad. I hope things get better soon.

DT

BLDP breakout

Posted by downtowntrader | 8/30/2005 09:41:00 PM | 0 comments »


Looks like BLDP may break out here. Retraced 50% twice and has tested resistance several times. Had a huge bar today and if it can trade above 200 ma tommorrow we may have a nice move here. Bonus.. MACD crossover. Good Luck.
DT

Hurricane Katrina

Posted by downtowntrader | 8/29/2005 12:05:00 PM | 0 comments »






Here are a few pictures of some of the aftermath left from Hurricane Katrina. Although it was only a category 1, we took a direct hit and there was still some pretty extensive tree damage. The real pain for some was the flooding after getting dumped with 15-20 inches of rain in my neighborhood. I've seen what a category 5 can do after experiencing Hurricane Andrew, so I realize how lucky we were to get by with such minimal damage. The damage to Louisianna will be extensive; hopefully most make it out ok.