Tuesday, November 06, 2007

XAL major support test coming, next two days

i'M HOPING high oil doesn't cause XAL to dip under RSI 30..or else it's all over for the airlines...best bet is to start accumulating little by little and as long as XAL holds above RSI 30, then all should work out...





Its almost time to buy airlines,
so it’s time to by TDW...CHRW..and basically all shipping too...
NAT, FRO,TK,EXM,OSG..
oil probably falls on WED or Thurs and these stocks should quit being falling knives..

http://stockcharts.com/charts/candleglance.php?AMR,$XAL,LUV,AAI,CAL,RYAAY,SKYW,UAUA,LCC,tdw|B|B14

6 comments:

drnova2000 said...

Hey Z

Was able to sell my yhoo call for 50% yesterday!! Whoohoo.

Ok, loaded up on NOV and JASO.

My TSO is up too. It went to $59!!!
Oil is rocking and the calls all appreciated over 30%. Never knew oil can move like this esp. the call on these stocks.

drnova2000 said...

OIL to $100 Z. This is great.
Glad you took profits on USO puts otherwise you would have been burned.

What did I tell you about USO. Up $1.80 today. The calls went nuts.
Easy money in Oil it's going higher based on my indicators. Well I just need it to go up tomorrow so I can sell my calls for a huge profit.

zstock7.com said...

doc started reading my blog from about day one
he read it for about four months, then started to understand,
i could find hot stuff, but he and i needed to work out the timing...
well doc has the timing down, a lot better than i have it down, and he's making a ton....
Here's the thing...he doesn't invest in anything, unless i post a chart...
so doc basically limits his investing to whatever i'm following...
Now watch, what's next...he'll make 7 or 8 thousand on the airlines...doc will wait for oil to go down, and that's the signal..to BUY BUY BUY airlines....this is our 5th go around buying and making a ton of money on airlines...yah'll

zee

ain't that about the jist of it...
doc

zstock7.com said...

doc
if you were at beannies today, then you know oil is going to $100...cause north sea storm shut down 4.4 million output 7 or8% of world's supply...that's huge!!!!!
that in turn $100 oil is probably bad for the market,,psychologically..
zee

drnova2000 said...

Hey Z

Glad you waited for candlestick confirmation to play CRDN. It broke down hard below $62, down to $58. That's $4 down and if you play calls you would be wiped out.

drnova2000 said...

Z

Thanks for getting me into options. I had a great time yesterday playing both the calls and put options. I now know how you make your money intra day trading options.

If I had to buy BIDU it would cost me $40K to control 100 shares. I used about $2,500 to play both the puts and calls and had average profit of $600-%700. I bought the calls when BIDU fell below $400 and bought the puts when BIDU went to $408. I did it 2 times for calls and 2 times for puts. BIDU moved between $396-$408 a lot yesterday. With $2500 and daytrading both calls and puts I made $600+$700+$500+$700 = $2500 profit with $2500 worth of options.

Thanks z

EMAIL ME !!! anytime