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Teach Talk Trade Day Trading & Technical Analysis

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Solar Energy Opportunies: T8 Travels

December 10th, 2007 by Uncle Steve

Solar & Alternative Energy Stocks 12-10-07 (Monday): Occasional thoughts on alternative energy issues.

FSLR (First Solar Inc.): “T8 tap dancing”

The T8 is the moving average that we  us to define trend.  In other words, if the T8 is pointing up, we consider the trend to be positive.  Of course, the opposite holds true for T8 that are in a down trend.   With a positive trending T8, our preferred moving average, we are looking for only long positions. The rules are simple: a. take only trades (buys) in the direction of the trend (the T8, which is pointing up) b.  buy openings below the T8.

FSLRThis simple set of rules has triggered five trades since  10/12/07.and On each occasion, the price has opened lower than the positive postured T8. Some issues are more orderly than others.  FSLR falls into the category of “well-behaved”.  Of course, market conditions can change an orderly situation into chaos.  This is an excellent approach to many types of trading.  Simply stated:  buy touches of a positive T8.  The first retracement is always the most important and offers the largest potential return.

 Please take advantage of the FREE 7 DAY TRIAL to The Morning Call ( we discuss 21 futures, ETF’s, E-minis, NASDAQ & Solar & Alternative Engergy issues ) & The Mechanical Monkey where we discuss our mechanical trades.

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Posted on Monday, December 10th, 2007 at 2:14 pm In
Solar & Alter Energy stocks  

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