Above quote from Sept 9. Seriously and nicely working out, shortly into this session today. See link below. http://www.elitetrader.com/vb/showthread.php?s=&postid=3636948#post3636948
Huge volatility breakout today on APPY. It's all there - a long thin base following liquidation, volume expansion, good fundamental progress on their product and low institutional ownership. This fits a pattern I've been seeing in these pharma companies - they get a new drug or medical product ready for testing, post preliminary results that show promise, and if The Market believes, it skyrockets. In other cases, volume implodes and you get a great spike to sell short.
Silver (SLV) major league overbought? via http://www.mercenarytrader.com/2012/09/a-conspicuous-absence-of-window-dressing/
Short term spike fade setup. Volume disappeared on Friday (blue at bottom). It also counts out as five waves on the hourly, so I'm sitting on handz for now
Many energy / oil and gas names looking constructive now. CENX is an example (one of our longs). Via http://www.mercenarytrader.com/2012...easons-why-energy-and-base-metals-are-strong/