XL Charts

jamesson · 05-12-2009, 01:02 AM

I figured I may as well do XL since that and Vic brought around this whole forum.

Really doesn't look like there is any looking back on this one.
Following a steady upward trend, we have just tested some minor support so there no stopping until the resistance at the $20. 200 and 100 are way up there so we have lots of room to run and try to catch up to the rest of the market.

If we do fall below support then down to $6ish. Really don't see that happening.

I'm sure Andy's going to add more meat to this initial analysis. Just not moving enough to get any patterns defined, just the support and resistance.

Cheers

AKrider · 05-12-2009, 02:06 AM

Good job

Sam · 05-12-2009, 09:44 AM

Great Job.
And high five to all holding long!

jamesson · 05-12-2009, 10:59 PM

noticed my previous chart was set up as weekly.
I updated it to daily and the lines respectively.

XL2.jpg

Daily chart shows we passed the 200 sma. Acting as support which we bounced off hard today.

Cheers

Bermuda · 05-13-2009, 09:34 AM

CEO is gone!

Superfly · 05-13-2009, 08:14 PM

Why do you keep saying this Bermuda. Can you provide us with a reason/some backing for this? IE A Link. Thank you

Mendy · 05-13-2009, 09:42 PM

If the market continues its red path we will see XL back at 6$....

jamesson · 05-14-2009, 10:39 PM

Here is the latest chart.

XL3.jpg

We continue to walk the trendline up which is good and the increased positive volume today is also a promising sign.

Mendy, I don't see a very strong support at $6, soft support just below that in the 5s but no stront support until the 3s.

Mental note to all, NEWS trumps technicals! So say, the CEO were to retire that would generally move the stock.

Seems lately I've been buying in, and then a day later news comes out that goes against me. I.E. buying puts on HOG and having Buffet dump 300 mill into them. then calls on apple and then news of Jobs not coming back for another month.

jamesson · 06-11-2009, 12:50 AM

Okay guys sorry with not keeping up with the charts, been trying to get the indicator notes finalized and Andy got me hooked on the EWTheory.

Looks like XL is getting its breakaway.
We have a continuation gap, break out of a Bolinger band squeeze and light resistance at $13.20 and nothing until $18ish. Looks like a great setup if anyone wants to jump in. Ways to play this is wait for the test of the gap window as support, if it ever gets back down here, might just take off and not look back. We don't want the window to fill that would lead to a fake breakout.

05-12-2009, 01:02 AM	#1
jamesson VIP Trader Join Date: May 2009 Location: Ottawa Posts: 19 Favorites: AAPL,RIMM,SLB Rep Power: 76 Reputation: 655	XL Charts I figured I may as well do XL since that and Vic brought around this whole forum. Really doesn't look like there is any looking back on this one. Following a steady upward trend, we have just tested some minor support so there no stopping until the resistance at the $20. 200 and 100 are way up there so we have lots of room to run and try to catch up to the rest of the market. If we do fall below support then down to $6ish. Really don't see that happening. I'm sure Andy's going to add more meat to this initial analysis. Just not moving enough to get any patterns defined, just the support and resistance. Cheers Last edited by jamesson; 05-12-2009 at 11:02 PM.. Reason: As per Miles request, image resized.
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05-12-2009, 02:06 AM	#2
AKrider VIP Trader Join Date: Apr 2009 Location: Atlanta Posts: 319 Favorites: SD, BCF, BIPH Rep Power: 134 Reputation: 1823	Good job __________________ "We are what we repeatedly do. Excellence, therefore, is not an act but a habit." -Aristotle Fortune favors the brave.
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05-12-2009, 09:44 AM	#3
Sam Trader Join Date: May 2009 Location: Canada Posts: 34 Favorites: QUA, XL, CTIC Rep Power: 60 Reputation: 239	Great Job. And high five to all holding long!
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05-12-2009, 10:59 PM	#4
jamesson VIP Trader Join Date: May 2009 Location: Ottawa Posts: 19 Favorites: AAPL,RIMM,SLB Rep Power: 76 Reputation: 655	noticed my previous chart was set up as weekly. I updated it to daily and the lines respectively. XL2.jpg Daily chart shows we passed the 200 sma. Acting as support which we bounced off hard today. Cheers __________________ "From here, there are only 2 directions we can go - Up or Down." Jeremy Whaley
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05-13-2009, 09:34 AM	#5
Bermuda Junior Trader Join Date: May 2009 Location: hamilton Posts: 11 Favorites: rnr,stp,xl Rep Power: 64 Reputation: 371	CEO is gone!
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05-13-2009, 08:14 PM	#6
Superfly UberTrader Join Date: Apr 2009 Location: Twin Cities/Minocqua WI Posts: 397 Favorites: RIG, HEB, LVS, KFN Rep Power: 230 Reputation: 4139	Why do you keep saying this Bermuda. Can you provide us with a reason/some backing for this? IE A Link. Thank you __________________ If you are given a chance to be a role model, I think you should always take it because you can influence a person's life in a positive light, and that's what I want to do. That's what it's all about. Tiger Woods I'm putting in my market order right now on this b! --> TTNP thread title in Premarket 5/7/09..that one is for the ages! Yes we Can...Yes we Will!!!
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05-13-2009, 09:42 PM	#7
Mendy UberTrader Join Date: Apr 2009 Location: Miami Posts: 114 Favorites: LVS SPG SKF Rep Power: 164 Reputation: 2726	If the market continues its red path we will see XL back at 6$.... __________________ “Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.” "This market right now is moving on nothing more than emotions. Guess what? It almost always moves on emotions."
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05-14-2009, 10:39 PM	#8
jamesson VIP Trader Join Date: May 2009 Location: Ottawa Posts: 19 Favorites: AAPL,RIMM,SLB Rep Power: 76 Reputation: 655	Here is the latest chart. XL3.jpg We continue to walk the trendline up which is good and the increased positive volume today is also a promising sign. Mendy, I don't see a very strong support at $6, soft support just below that in the 5s but no stront support until the 3s. Mental note to all, NEWS trumps technicals! So say, the CEO were to retire that would generally move the stock. Seems lately I've been buying in, and then a day later news comes out that goes against me. I.E. buying puts on HOG and having Buffet dump 300 mill into them. then calls on apple and then news of Jobs not coming back for another month. __________________ "From here, there are only 2 directions we can go - Up or Down." Jeremy Whaley
	Rate this post \|

06-11-2009, 12:50 AM	#9
jamesson VIP Trader Join Date: May 2009 Location: Ottawa Posts: 19 Favorites: AAPL,RIMM,SLB Rep Power: 76 Reputation: 655	XL is breaking away! Okay guys sorry with not keeping up with the charts, been trying to get the indicator notes finalized and Andy got me hooked on the EWTheory. Looks like XL is getting its breakaway. We have a continuation gap, break out of a Bolinger band squeeze and light resistance at $13.20 and nothing until $18ish. Looks like a great setup if anyone wants to jump in. Ways to play this is wait for the test of the gap window as support, if it ever gets back down here, might just take off and not look back. We don't want the window to fill that would lead to a fake breakout. __________________ "From here, there are only 2 directions we can go - Up or Down." Jeremy Whaley
	Rate this post \|

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