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Author: RayRohn Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 211  
Subject: Piercing Line Date: 10/10/2006 11:15 PM
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the OIH chart

http://www.rayrohn.com/images/pcharts6/oih06.png
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Author: chicagobuy One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 196 of 211
Subject: Re: Piercing Line Date: 10/14/2006 12:45 AM
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nice call it hit 130 today :)

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Author: RayRohn Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 197 of 211
Subject: Re: Piercing Line Date: 10/14/2006 1:07 AM
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not a very impressive candle today....
probably take it a couple of tries to get through that gap
be nice if it fill the small gap today and not trade down below 125
but that probably will not happen lol

new chart ... http://www.rayrohn.com/images/pcharts7/oih01.png

sold my VLO today same thinking here is monday might trade down and fill that todays gap

http://www.rayrohn.com/images/pcharts7/vlo01.png

todays candle on VLO really has nothing important to say
except the bear drank the foam off the top lol




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Author: eugene4059 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 198 of 211
Subject: Re: Piercing Line Date: 10/16/2006 1:10 PM
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sold my VLO today same thinking here is monday might trade down and fill that todays gap

That window opening just might act as support as VLO tries to claw its way out of the basement. Maybe a good time to buy if that area is tested and holds?

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Author: RayRohn Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 199 of 211
Subject: Re: Piercing Line Date: 10/16/2006 1:54 PM
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lol yes it sure does look that way ....

took a poke at BJS early @ 29.98

chart :::: http://www.rayrohn.com/images/pcharts7/bjs01.png

if BJS can break 30.35 should do 32 or so IMO

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Author: RayRohn Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 204 of 211
Subject: Re: Piercing Line Date: 10/17/2006 3:20 PM
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VLO fill that gap ... http://www.rayrohn.com/images/pcharts7/vlo03.png

waiting here for a bottoming candle or some other pattern for re-entry

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Author: eugene4059 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 205 of 211
Subject: Re: Piercing Line Date: 10/17/2006 5:37 PM
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VLO fill that gap ... waiting here for a bottoming candle or some other pattern for re-entry

Looks like VLO bounced off support within the window and closed at the same level as fridays lower shadow. In any event the bears win today. The weekly chart is more encouraging than the daily but I think it's going to be a long drawn out battle for VLO.

Good Trading

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