The daily chart has all kinds of fun stuff going on. PH has filled a gap from nearly a year ago, ID'd in NFTRH back when the topping pattern was forming. It completed a beautiful top, along with the broad markets and then tanked hard in and around a pretty good earnings call.
I recently questioned whether PH was in a bearish Symmetrical Triangle 'continuation' pattern (again, along w/ the broad markets) but today is apparently answering this question. It's a 'W' (with higher right side and MACD trigger) and it targets 79. My call options are screaming my common stock is in gear as well.
I get so into the newsletter and the macro economics, that sometimes I forget to trade and just have some fun with the markets. And if I can do so with a company I know intimately, so much the better. I really do not trust, respect or sit in awe of most of these doofuses running public corporations. But at least I have met several Parker management types and can say I like the culture.
So far as the macro work tells me however, this is all counter trend stuff. I'll likely sell just below target if given such an opportunity.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I recently questioned whether PH was in a bearish Symmetrical Triangle 'continuation' pattern (again, along w/ the broad markets) but today is apparently answering this question. It's a 'W' (with higher right side and MACD trigger) and it targets 79. My call options are screaming my common stock is in gear as well.
I get so into the newsletter and the macro economics, that sometimes I forget to trade and just have some fun with the markets. And if I can do so with a company I know intimately, so much the better. I really do not trust, respect or sit in awe of most of these doofuses running public corporations. But at least I have met several Parker management types and can say I like the culture.
So far as the macro work tells me however, this is all counter trend stuff. I'll likely sell just below target if given such an opportunity.
http://www.biiwii.blogspot.com
http://www.biiwii.com
