A little known name on Wall Street is James Kostohryz. This is a great read from a guy who has made some great predictions.......
Look at $NYA... http://stockcharts.com/h-sc/ui?s=$NYA&p=D&b=9&g=0&id=p84015110823
Steep vertical rises, my opinion, are due to short covering. Im looking to see what happens at 930 which we are approaching rapidly...
I see 930 as the line in the sand for the H&S pattern. An H&S pattern can have more then one shoulder. Many people are familiar with the simple...
Head and shoulders sometimes have more then one shoulder which makes them "complex". In the following chart, you can see two left shoulders and...
The reason why I posted this thread was to stimulate discussion on a classic play which is a gap up fade trade. Then what is supposed to happen...
Oh not at all. I told you my trade plan in a previous post. If it overshot my price then I would cover and look to get short at a higher level....
The formula is to wait until tommorrow to find the pivot. You have a large gap on the charts that will probably fill. Thats been my experience...
Here is part of my thesis. Im expecting them to sell off the XLF pretty soon. You can see the natural progression of lower highs and lower lows....
152.5 is as high as I will go. SPY is brushing up against its channel. My expectation is for a rebound off the top and then to the...
Good! Now we can have a serious discussion of fading INTC without these constant interuptions. We may not have gotten in on the pump, but lets...
What you have pointed out is fairly obvious to us all...reading a book on biology does not make one a doctor as reading a book on chart patterns...
Anyone notice this channel? [IMG]
Oh, you must be one of those clowns using the Interactive Brokers platform where you set your stop with the drop down and leave it. Thats not...
All the time brother...I look at both the successes and failures of known successful traders and trade accordingly. The lesson here in this...
OK. Page 852 Encyclopedia of Chart Patterns, 2nd Edition. Author used tens of thousands of chart patterns to come to this analysis. Author is a...
Gap ups like this one usually do not last and real traders usually sell into them. It goes like this Day 1 of gap up HOLD, Day 2 SELL/SHORT....
Its not too late spectators to get in on the short. Are you truly going to be a sucker and believe Meredith Witney who created an ideal exit...
The funny part about the Elliott wave international website is that they post a chart, the market goes against it and then they post a new chart....
That same macro theme still exists with a few different twists.
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