3SOF

Bought some GT this morning after it broke out of it's ascending triangle.


http://stockcharts.com/h-sc/ui?s=GT&p=D&yr=0&mn=3&dy=0&id=p02935916972


edit: can't post the chart 

Thoughts about this one?

Nice white candle for GT, up 3,62%!

Quote from: Se7en on August 28, 2006, 11:02:36 AM
Bought some GT this morning after it broke out of it's ascending triangle.

Se7en,

Nice play.  Applause.  It's a Symmetrical Triangle. 

Se7en,

The 12.99 target MADE, so you might want to take some profits.  It's currently BID 13.00... ASK 13.01.  Nice going. 

Thx Melf Elf, but all credit to fous who let me know about this one!

Quote from: Se7en on August 29, 2006, 02:26:35 PM
Thx Melf Elf, but all credit to fous who let me know about this one!

Se7en,

Okay, then give our buddy fous an applause when you see him. 

That was a nice little pattern breakout.  You still get an applause for playing it. 

Thx Melf Elf!

I was planning to sell before the close but something came up so i didn't had the time!
apparently one hour before the close there was some news out which resulted in a strong finish, glad I couldn't sell! 
I wonder if it has some legs left...



http://biz.yahoo.com/prnews/060829/cltu059.html?.v=56

Goodyear Expands Hydraulic Crimper Lineup to Meet Market, Customer Needs
Tuesday August 29, 3:00 pm ET


AKRON, Ohio, Aug. 29 /PRNewswire-FirstCall/ -- Goodyear's (NYSE: GT - News) market-back approach to its Engineered Products business has resulted in a new hose crimping machine to strengthen its hydraulic lineup.


The bench-top Goodyear Perma-Crimp PC150-H crimper that reduces cycle times by 25 percent compared to the company's PC150 model was the direct result of soliciting customer feedback on what improvement was needed in the market, according to Mike Watts, Goodyear's marketing manager for hydraulics.

"The high-speed, horizontal configuration of the PC150-H is perfect for assemblers requiring faster crimping operations," Watts said. "The reduced cycle time can help the performance of any of our customers, especially the high-volume distributors supplying to the original equipment markets."

The new crimper is available in one- and two-horsepower packages that are compatible with up to 1.5-inch hose and 4-spiral construction.

Watts said the crimper has an easy-to-read, fully adjustable micrometer odometer that helps operators enter specifications quickly, precisely and effortlessly.

"It is equipped with an adjustable retraction stop for quick, repetitive crimps and automatic shut-off for precise crimps," he said. "The quick-change dies, along with the other features, provide users with an efficient, dependable and economical tool for making reliable hydraulic assemblies."

In addition, Goodyear has introduced a new operator controller option for its Perma-Crimp PC200 2-inch and PC400 4-inch crimpers that is capable of storing crimp and die selections for more than 100 hose specifications, utilizing touch-screen technology for entering data and making crimp adjustments.

"We believe our latest crimper offerings will give Goodyear hydraulics distributors an added advantage in the marketplace," Watts said.

Goodyear Engineered Products also manufactures and markets industrial hose, conveyor belts, power transmission products and air springs.

For additional information on Goodyear's comprehensive hydraulics program, visit http://www.goodyearindustrialproducts.com.

wow, glad i couldn't sell last night because i wasn't online, today it's up 4% with some good volume!
Melf Elf, what do you suggest here, I see first resistance at 200MA, maybe it will get there!?

Quote from: Se7en on August 30, 2006, 10:05:32 AM
Melf Elf, what do you suggest here, I see first resistance at 200MA, maybe it will get there!?

Se7en,

I'd suggest taking profits when the 12.99 target got MADE yesterday, so what do I know, huh?

 

Glad that the trade is going well for you. 

Glad my first trade after a few months of absence worked out well, sold my GT @13.50$ for a 8,5% profit! 

Melf Elf, do you always sell when the (technical) target is made and if so, why?
I know you have to protect your profits but when these targets are made, does that mean that in most of the cases it's time for some profit taking or consolidation or ...

Quote from: Se7en on August 30, 2006, 12:55:27 PM
Glad my first trade after a few months of absence worked out well, sold my GT @13.50$ for a 8,5% profit! 

Se7en,

Congratulations!

Quote
Melf Elf, do you always sell when the (technical) target is made and if so, why?

Yes, I always sell at least some because when a target gets MADE, that's all that the pattern breakout suggests.  They don't always get MADE, and sometimes they go higher, like GT did, but the patterns and the targets are my "road map," so to speak, so I try to follow along. 

Great find Se zen...

Time to Sell ? All is the question...All indicators seems to say : SELL but analysis of volume say : not..wHAT DO YOU THING ?

FOR SWING TRADING, we can play GT.

Technical analysis :
1. Candlesticks : Harami cross
2. Support/Resistance : we are near resistance at 14 / 14.5 and MA(200) could be use as valid resistance
3. Fibonacci retracement : between 38.1 and 50%

Close at 13.95
target at 12
stop loss at 14.53

Reward/Risk ratio of 16.25 / 4.11 = 3.9...