Wednesday, August 6, 2008

TRADE IDEAS FOR THURSDAY AUG 7th

dollar index usd has rallied up to its 200 day ma. pivotal day. if dollar falls gold stocks could pop hard. AEM AND GG, ABX ARE MY FAVORITES :)

LONG TGT 1/2 top bollinger band rounded down to even number: 81 ;)
OXY close:77.61,
support bolling band center line 77.25 STOP
support 200 day sma:77.17
SHORT TGT 75

LONG TGT 1/2 next bolling/even number 50
200 sma: 47.07 stop
CHK close: 46.33,
SHORT TGT 1.2 lower bollinger 44

200 SMA:39.44
LONG TARGET: 37
VLO close: 34.47
SHORT TARGET: 33

LONG TARGET: 20
TSO close: 17.76
SHORT TARGET: 16.25

LONG TARGET: 46
SUN close: 44.50
SHORT TARGET: 43

WATCH BIG FOR 34 BREAK OUT
stop 31.17

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