Brandonf, I'm kinda curious what you use as your initial signal since you use PNF as a final confirmation. Since I am doing it just the opposite. Using PNF as my initial signal and trying to develop other indicators as my confirmation.
Hey, Sold out of CMI when it was at ~74 (Sold call option for $4.20) +160 ABT is most likely going to expire worthless for a $125 loss. Oh well. Anyway, time to look out for new opportunities.
The key thing I'm always looking for is relative strength, so I go through the market and everytime it pulls back I'm trying to find the strongest technical stocks out there. When it rallies I try to find the names that don't play along. I do this with sectors also, then look for the best/worst RS within a sector. Once I have those names I take a basic look at the fundamentals, EPS, ROI, current PE ratio, read some analyst reports on Thompson etc. Then I'll basically use the PF to stay in a trend, because my inclination is still to get out too early and it helps me stay with them, as an example I got into AFAM from 25.16 and by the time it hit 30 I was dying to get out, I'm still in though and should now get at least 32 on an exit. Hope that helps, if not ask more. Brandon
Good, we all do. It's when your no longer humble and think you have nothing to learn anymore that the freight train comes out of nowhere and runs your wise ass over. Good luck. If I can be of help let me know.
s&p 500.15 point box size.by 3 reversal chart is displayed with vertical counts calculated by updata take note of the latest count.this is a longer term chart.however,it is looking like we will revisit 2002/2003 lows.looking like nuclear war out there
dow also confirming the move down to 2002 /2003 lows.a longer term chart however,there will be short term rallies.strategy saying short the rallies