Thursday, July 10, 2008


CHK has huge possibilities OR it could rollover if the sector decides to continue lower. That sounds like a cop out and very vague but it is what it is. I will give it the benefit of the doubt because it recovered from a minor 50 day ma break on massive upside volume. APA looks very similar on the chart. I am still short term bullish on energy. I traded it today for almost nothing because I was an ass. Any pullbacks may be good entries. Look at what it's done every time it has hit the 50 day moving average.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.