daytrade diaries... june 8, page-23

Morning All,

Well it was good to have a long weekend off where the actual markets were closed.. that one additional day off really gave me a good rest!

Although alot of the metals were sold off over the weekend, I get the feeling still that this week will see news recent highs on both the XJO and DOW. 9200 is my target still on the DOW before we see any kind of sell of of retrace from this recent rally!

Today I will be watching BAU, UXC, AWC, FMG, ABY, EXT, VPG, NXS, TOE, BJT, BLR and EHL

Im not sure if anyone was watching Emeco Holdings (EHL) on Friday afternoon trade. I was alerted to the stock from a TA point of view that day. I took a small position at 48c while waiting for the break of 49c to buy more. Here is my post.. In a few seconds, the stock from 48.5c all the way to 60c was cleaned up.. 70c traded not long after that before a retreat back to a close of 53.5c. It was one of the craziest things I have ever seen, and I managed to get out at 60c on the rise and back in @ 52c not long after.

Its worth watching today, as I get the impression someone was a taking a big stake, or there was some sort of inside trading occuring.

Here is the chart. I think it will revisit 60c today at some point.




Also another chart of interest is Black Range Resources (BLR)

Closed on its daily high of 4.6c on Friday. Buyers building this morning. Looks nice and I suspect it will test the middle and top channel in the near term.



Good luck today.. and happy trading.

Cheers
Kevi