Even though actual Volume for ENER approached FRV levels, Price could not seem to break through the upper trendline. As a result, I sold all shares of ENER at the $51.00 USD price point. See attached trade confirmations and chart. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1041533> <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1041536>
ENER has definitely shown a ton of strength today. I tried several times to add on shares - only to watch price shoot right up and away before I could place the order. As to a 'good' point at which one might jump back into ENER, I cannot say. However, price currently has exceeded the most recent high (4-3-2005), and a daily chart shows the possibility of price making it to the $55.00 USD price point. The 'intertwining' Stochastics (14,1,3) shown currently by ENER, Jack has often mentioned as a positive sign. I do plan to monitor ENER throughout the remainder of the day - just in case. - Spydertrader
Just a quick note (because somebody always asks about how the Hershey Equities System performs in bear markets) to everybody. The Dow currently sits at - 81.73 on the day. - Spydertrader
That's an awesome indicator SpyderTrader - thank you... it's kind of strange - I've been living inside this final universe World where it feels like we're on an eternal uptrend, and I get burned every time I try to be on the short side... oh well! living and learning. thanks for your comments on ENER - it sure held nicely today.
I tried to rustle up a few shares of ENER in After Hours Trading without any luck. Tomorrow should be interesting. - Spydertrader
ENER has been an awesome trade, I spent a lot of today watching it in awe... lol Good job to everyone who got a piece of that... I hope I catch the next one...