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 The Market Speculator     www.themarketspeculator.blogspot.com     Graphic_subscribe   

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    This is a Tracking Account  |  Tracked since 03/31/2008  [?]     SocialPicks is not affiliated with The Market Speculator
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(in 7 months) 		Risk (SD)
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The Market Speculator 's Blog Posts
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Support Becomes Resistance for SSO 11/21/08   —  Following the recent breakdown, old support has become resistance. This offers a low risk short entry near R levels.
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Divergence in T2108 11/20/08   —  It's interesting that the T2108 is not at new lows while SSO and QLD have hit new lows. This tells us that there are more stocks above their 40 day moving averaged now, at new lows, than there were at the last higher low. This positive divergence leads me to believe we could get a good bounce off a...
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RIMM: Patiently Awaiting Entry 11/19/08   —  I like RIMM's recent price and volume action. However, it is in overbought territory, so I'll wait for a pullback. The pullback must continue to create a nice accumulation pattern. High volume on the pullback negates the setup.
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Position Update 11/19/08   —  Position Update: SSO: Entries at $25.10 and $25.24. Stop at $21.90. Current price $24.63 (-2.1%) APOL: Entry at $67.50. Stop at $65.79. Partial profit at $71 (+5.1%). Current price $68.99 (+2.2%). AFAM: Entry at $45.10. Stop at $43.90. Partial profit at $48.10 (+6.6%). Current price $...
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Today's Trades: APOL and AFAM 11/17/08   —  APOL and AFAM. Both have been on the focus list of the Trade Report since last week. I had buy stops in place near support and just exited half the positions. Stops have been moved up to entry level.
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A Good Day and SSO Stop 11/14/08   —  Needless to say, today was a good day for me, as all four of my trades based on the "bottoming thesis" did quite well. I received a number of questions about my stop on SSO. I'll go into more detail tomorrow. I was stopped out of half my position, but re-entered after the previous low was recaptur...
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Trade Update: SSO, FXI, ALK, LHCG 11/13/08   —  Here are the trades I made yesterday, as noted in the intraday alert I sent Trade Report members: I made a few long entries earlier today. I decided to cut my position size from what I was originally planning. The lack of postive accumulation (volume) made it tough to make these trades, but I coul...
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OT: Poker and the $5915 Hand 11/13/08   —  Today I won the second biggest pot in my relatively short poker playing career--$5915. Some of you may think I was crazy to call all-in with a two pair, but my bank roll could easily cover the loss and I had my opponent on a flush draw (he had made this exact same move an hour earlier and I had nev...
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Quick Update 11/12/08   —  I just made a few buys, but decided to reduce position size more than my original plan. More details soon.
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SSO Provides Low Risk Entry 11/12/08   —  While the "edge" or probability for the trade may be 50 percent or less (accumulation pattern is not what it was a week ago), SSO does provide a low risk entry point that can be easily managed with a stop under the recent lows. I am willing to take low risk setups even if the probability for success...
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The FXI Answer 11/12/08   —  I left my analysis of FXI open ended in the last post and a few of you seem to think I was bearish! The pattern is in fact quite bullish, and points to a bottom formation. Compare the current volume pattern to that during the top and bear run. For the first time, positive volume exceeds negative v...
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China's Chart Give's a Clear Answer 11/11/08   —  The FXI weekly chart is quite illuminating and a good example of the importance of volume. What does the current volume pattern tell us? Compare to the previous volume patterns during the top and bear run, and the answer is clear . . .
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Monday's Game Plan 11/10/08   —  Here's the game plan for Monday. I am pleased to see a number of breakout-pullback setups forming. It's been a while since I've been able to trade this break and butter setup http://docs.google.com/View?docid=d5z8q8w_418dqr8n3gm Today is the last day of the free trade reports.
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Monday's Game Plan 11/10/08   —  Here's the game plan for Monday. I am pleased to see a number of breakout-pullback setups forming. It's been a while since I've been able to trade this break and butter setup http://docs.google.com/View?docid=d5z8q8w_418dqr8n3gm Today is the last day of the free trade reports.
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Game Plan for Friday and Free Trade Report 11/07/08   —  While the bottom formation still is intact, I am not quite as optimistic due to the negative volume over the past two days. For more detailed analysis, view today's free trade report: http://docs.google.com/View?docid=d5z8q8w_415gwthtzfj
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Taking Profits in FSLR Short 11/06/08   —  I exited the remaing 100 shares of the FSLR short at $141.84. The original short entry was at $176.18. I took partial profits at $159.76 and $141.84, making the average exit for the 200 shares $150.80 ($5076 gain). The setup for the trade was laid out in the Trade Report. For more info on subscribi...
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Game Plan for Thursday and Free Trade Report 11/06/08   —  The market has been easy to game this week, and my trades have worked out well. It's probably too late to enter short positions, so now we let our current positions work themselves out and wait for a pullback to get long again. For in depth analysis of my plan for Thursday and a review of current t...
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Taking Partial Profits in FSLR Short 11/05/08   —  I just took partial profits in FSLR at $159.66 (entry at $176.18) for a one day $1652 gain. I am still short 100 shares and have moved my stop to entry level. My next target is the $140-150 range. I will exit the rest of the positon if it reaches that level. While I mentioned the trade after I ma...
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Wednesday Game Plan and Free Trade Report 11/05/08   —  Some of my subscribers have had trouble receiving my reports, so I will be providing the Trade Report for everybody here on the site this week. I hope to have everything cleared up by the weekend. Until then, enjoy the reports. Here are this week's reports, including the game plan for tomorrow. ...
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Note to Subscribers 11/04/08   —  A few subscribers have not received recent reports. I am looking into it and have more info tonight.
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