Tuesday, March 28, 2006

Arch Coal Short

For your consideration, as we all await the Fed announcement (and the predictable crazy up-and-down hysterics for 30 minute afterwards). Arch Coal. Looks like a nice clean short. Stop price is anything above 78.60. It had a terrific run-up and seems to have tipped its hand clearly......the symbol on this one is ACI, and yes, there are options.

4 comments:

Mike Stone said...

Tim,

Do you take requests?

http://finance.yahoo.com/q/bc?s=%5EN225&t=my&l=off&z=l&q=l&c=

What do you think of the short & long term prospects of the Nikkei are?

-Mike

alice4321us said...

Great call on ACI. Please keep posting set-ups like these.

Thanks

alice4321us said...

Great call on ACI. Please keep posting set-ups like these.

Thanks

costas1966 said...

Not a bad area to get the short in here!!! I bet you are impatient to write today's blog on the market action. I know I am impatient to read it. We could finally have the head fake in the S&P 500. I haven't look at the volumes yet but it is very possible. Also I went 40 years back on the Prophet charts 10 year bond yield, which by the way is great price history to have, and I noticed that rising rates have preceded 8 bear markets and 2 market corrections. We haven't had neither a bear market nor a correction so far but I am sure it will not be different this time. Not after the greatest Real Estate Mania in history. Anyway this is the research for whoever is interested. http://xrysos.blogspot.com/2006/03/interest-rates-sooner-or-later-will.html