pitchforks

Discussion in 'Technical Analysis' started by racehorse, Mar 9, 2004.

  1. nice multiple weekly resistance test. Looking to short the bounces.
     
    #141     Feb 9, 2010
  2. rsh weekly fork zoomed in more.
     
    #142     Feb 9, 2010
  3. Very nice fork on cern weekly charts. The blue fork covers over 9 yrs of price action! and we just got a test of upper fork line not long ago. I think we could test the 70 to 65 range for support.
     
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    #143     Feb 10, 2010
  4. Luv coming back up to test resistance.
     
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    #144     Feb 11, 2010
  5. Anf coming back up to test highs. I like this as a short.
     
    #145     Feb 17, 2010
  6. anf on daily with fib and extension targets.
     
    #146     Feb 17, 2010
  7. ROK. I've been wanting to short this for some time now, but its been so stubborn. There are several reasons why I think we can be very near a top here:

    1. price is at orange fork resistance line

    2. Price is slightly above 61.8 fib retracement

    3. strong price lvl resistance at 57.13

    4. Bearish volume divergence indicated by red arrows

    5. price is within its blue fork warning line (resistance)
     
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    #147     Feb 17, 2010
  8. AAP. Broke resistance fork line, but did not break fib resistance. Also price is close to its warning line, and is at green fork resistance lvl.
     
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    #148     Feb 17, 2010
  9. azo weekly. Resistance on blue line? . hmmm
     
    #149     Feb 17, 2010
  10. Ammo, still trading forks?
     
    #150     Feb 17, 2010