Okay, so here are my point and figure swing plays for the start of the week LONGS CMS - above 19.9 on nice trendline http://img24.imageshack.us/img24/6893/20110219longcms.png FHN - above 12 on bounce http://img148.imageshack.us/img148/8506/20110219longfhn.png FST - above 40.5 on nice triple top break and nice trendline http://img163.imageshack.us/img163/8913/20110219longfst.jpg GILD - above 40.25 on big catapult bounce http://img828.imageshack.us/img828/3410/20110219longgild.png SHORTS CTRP - below 39 on triple bottom break and trendline http://img510.imageshack.us/img510/2613/20110219shortctrp.png TSLA - below 22.25 on weakness http://img502.imageshack.us/img502/4701/20110219shorttsla.png UL - below 28.8 on spread triple bottom break http://img64.imageshack.us/img64/9523/20110219shortul.png URBN - below 36.75 can't seem to pierce big resistance area http://img844.imageshack.us/img844/6207/20110219shorturbn.png im still not sure about the image hosting thing, any suggestions ? cheers, Totantaz
hi tolan you are an updata user...looks nice chart looks pretty bullish.hopefully $20 resistance gets taken out quickly here is a chart i thought you might find interesting.4 hr data from freestockcharts.com 21 cents by 2 reversal hilo.you can see that 18.80 area was the resistance from early october to the end of december.note how price went down in february to support/previous res.it soon got bought from that level.a good sign imho enclosed chart
oh yes that area seems like a very good base for some more upside. i love updata, its a bit buggy with IB feed but usable anyway. ill keep folks posted on those swing trades if they trigger cheers, Totantaz
wow so basically everything on the watch-list went down. no longs and 2 entries on the short side TSLA and LLY lets see how many O they print hehe
cable..gbpusd daily input 54 pips by 1 reversal/close plot still in an uptrend.some zones to watch for support 6090 and 5980 areas..these zones are not that specific on the daily..just gives you an idea though chart goes back to august
eur..be careful with shorts.price got rejected at previous resistance.the breakout point is clearly seen and 2 trendlines support this uptrend.need to see where it retraces