I am chart pattern in BTJ that is very similar to that of GROW. A huge volume distortion on the left side of the chart followed by a steep correction. Now the stock will not register as in dry up on the chart script, but it is very close. Also oil is very oversold and a potential catalyst for oil is the inventory report tomorrow. The correctin in BTJ was much steeper than in GROW but in BTJ you have a really nice high volume reversal with a close at the top of the bar when it made its bottom. The trader in me says this stock should be watched tomorrow AM.
Continuing to hold my shares in GIGM. On the daily chart, price seems to be holding at the right hand side of the IT trend. Also MACD is increasing, as is slow and fast stochastics. Volume is reasonable enough to suggest price will continue to increase, as per Jacks Jokari window. Bruno-R signal yesterday also.
I held on to my GIGM re-entry shares also, the little plane incident caused a bump in the road, but shouldn't interfere in the long run.
Several weeks ago there were some questions about an article which gave details on how to draw channels. Seems I remember it being described as a 60+ page article. Have not been on the ET site for awhile so do not know if the article was ever located. I have a copy of a 65 page article (cmplete) by someone named "Big Moose" which contains what appears to be some rather detailed info on drawing channels. Is this the article people were trying to locate?
The only problem I have with doig it is I don't remember how I got the article or who Big Moose is and if I should be posting info created by him. Does anyone know who Big Moose is? Is Big Moose another alias for J.H.? He does not show as a member of this journal or E.T. Willing to post as long as I'm not opening a can of worms. Is it OK to post as long as I show him as the author and don't claim it as my own?
The BigMoose post is here: http://www.elitetrader.com/vb/showt...108880&highlight=bigmoose+hershey#post1108880 Doug ps-it is very good.