While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
LNG is ripping to the upside putting in a potential ORH day.
This is a buy on the break stock. The Risk is a close back under today's breakout of 43.
CBI...needs a close over 77.50 for the same pattern, however I would be happier with a close over 77.80.
DVN...longer term maps show new strength is needed over 62 for a test of 65.
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