I got an itchy finger that I wanted to pull the trigger to buy RSO at 5.50. The Bollinger bands hinting that it may continue lower. So I just have to keep an eye on the RSI and MACD histogram for any hint for shift in the trend so that I know that Bollinger bands may be fault. If it true, then the next support I’m eye on is 5.30 to 5.40.

Your chart does not help me much. http://scharts.co/Q4AW9y That link show my view of the charts. The support level is 96 to 100 because Oct 6, 2010, Dec 20,2010, Sept 30,2011, and July 18,2012 had touch that range. I am expected a bounce from support range. If you look at MACD at Sept 13 trough and soon another trough when the price get to the…[Read more]

There may be home building rebounding. I don’t believe there will be a massive housing ever again. I have not look much into multi-family REIT. I am mostly on into “office and corporate mortgage” REIT. If you are into cashflow, I would not sell multi-family REIT, but stop looking for multi-family REIT and start looking for Office REIT while…[Read more]

I don’t let fiscal cliff bother my trading. Sure I will have to adjusted with numbers but no matter what the tax system are. There are always to make money on the trade. REIT is one of my mid and long term as well. I am looking for an entry 5.50-5.60 before it make another run up at the end of the year. I may be bearish and less bullish for the…[Read more]

So this stock is not all that great for long term yet. I was thinking what best trading in short term with long term money management. I did not want money being tie up for other trade unless it have good fundamentals become great. I am no rush into this stock yet

ok. I read the all the sample pages from amazon.com. It seem to be a good book for many new users to learn patterns and basic trend lines. I would not worry much about statistics score system. Statistics is always changing and it may not be true today. I like statistics theory, but there is a flaw in the Statistics itself. I can’t tell you about…[Read more]

My view is not a “hanging man” because base on Steve Nison’s, Father of candlesticks, rule of hanging man is the lower shadow have to be twice as long to the body. Let says it is a hanging man, It does not mean it is a reversal. It could also taking a pause or a shift in the trend. Candlestick pattern does not tell you reversal but a hint as an…[Read more]

it true what Don said. Many here can give you pointer, idea but to get understand very quickly to the basic stuff is to hit the books. It get you to head start and the understand the terminology of trading and investment.

I don’t know what level of your subject are into technical analysis, fundamentals analysis, money management, and trading psychology. You should know at lease these 4 basic subject. If you never open your broker account then you better hit the books and start paper trade or virtual stock trading before you start real cash.

come on spill the beans what Ray is asking. I am wondering about that view as well.

I am not sure why you calculate high to the trend line on that day to subtract the current close to get your target. What I see on your chart, resistance @ 27.27 and the trend line made it look like ascending triangle is a bullish pattern. To calculate the target price of the ascending triangle, 27.27 (resistance value) – 25.34 (Begin of the trend…[Read more]

I cover my short (exit the trade) @ 7.85 on Aug. 3. I know that I have not shown up in a month.

my view of Facebook is don’t buy it and wait near 26 to see if it hold. If I have more money I would have short and cover my short near 26.

impressive, I would be caution for the next six month from now. That I would not short this stock, but be ready to enter when there is a quick pull back.

I do agree what Bryan had said, but I want add another info on two yellow trend lines resistance on his chart. If you look at newest trend line that had not been broken yet will give you a clue that the trend have not shift then sure it did not made a double bottom. Even if it fail to make a double bottom, I am expected soon it will break the…[Read more]

I like both. If I can’t play both game then I don’t think I be a good trader in the long run. That goes for enter long and short as well. I don’t want to be standing on the sideline.