Chart Pattern Recognition ans StrategiesChart Pattern Recognition ans Strategiesthis blog is about designing a trading system succesfully using technical analysis Articles
NVT +20%
2007-07-23 15:52:00 We posted this one first time last Tuesday and a second time on Friday. Up another 20% today at the open, sweet....
breakout charts for an up day..
2007-07-23 11:26:00 Several charts for you to consider if today is green. Watch for resistance levels and only buy on breakout.ACCLCHRCLCPEEEFTPBIPRSCRDWR More About: Charts , Chart , Brea , Char
IBM, NVT, SYNP
2007-07-20 11:48:00 No new charts today, I'm unfortunately busy but I shall post the scan results for next week over the weekend. In the meantime, 2 charts we posted this week which have moved favorably and SYNP which I think could breakout today.
Financials are not to short...
2007-07-18 17:57:00 Looking at the financial ETF and listening to all the noise on subprime, it is easy to conclude XLF is on the verge of a collapse. Indeed, the long term trend is threatened and it seems like 38 marks a double top.Then I look at the option distribution and....WOW....the market is bearish on financials. As discussed about the QQQQ a few weeks ago, you got to be a contrarian here because there is no way those puts at 35$/36$ will expire in the money. XLF has a strong floor at 36$, you may want to sell puts at 35$/36$ strike but better not go short XLF just yet. More About: Short , Finan , Fina
17-07-2007 scan
2007-07-18 11:56:00 Seems like we are good for a down day. GOLD is up 3$ at the time of posting so that I should nicely sail through the storm but with Bernanke speaking today, I'm on my guard.Several charts from our scan and a few breakouts of our previous picks.AEPIENTGGKSRKLACOIIMSNDKSYNP More About: Scan
busy times...
2007-07-17 11:38:00 I'm very busy with work and we are also upgrading our software, therefore updates are going to be scarce in the coming weeks, sorry for that.Click on chart for bigger size.BCRBKKONVTSWH More About: Times , Busy
weekend charts
2007-07-09 11:04:00 BAXIBMKFRCKLACMDZMUSNDKRSH More About: Weekend , Charts , Chart , Char
only gold stocks
2007-07-06 08:17:00 I will run the scan later today. At last run 2 days ago, I was not able to find a chart I would perhaps buy. My focus since the beginning of the week has been entirely on gold stocks and despite a down day in precious metals yesterday, stocks have done well. Amongst them, some I own and have advertised here.AEMBWLRFCDEGGGSSSLW More About: Stocks , Gold
quick update - 2 breakouts
2007-07-05 09:37:00 2 of our latest posts have done rather well. More About: Update , Quick , Brea
Short selection of gold stocks
2007-07-03 13:14:00 My post on gold before the open was very timely. I have browsed the 100 gold charts I follow and I suggest a few for you to consider of you want to buy in. Not sure I'll have the time to post the scan results later.AEMGGLRRSLW More About: Stocks , Gold , Short , Select , Sele
weekend scan
2007-07-02 11:15:00 I ran the scan for the first time this weekend after one week break and for the least, I was not very impressed with the results. Only a few charts are worthy to follow, nice setups are rare.DCEL which I posted here a month as being the perfect breakout chart has been bought over last Friday. I'll get 13$ from a buying price of 9.77$...Too bad I wanted to hold onto that one. So I'll be looking at the charts below and particularly ENTG and SYNP.I also think GOLD is very interesting right now as it looks to bounce off the very important 65 weeks moving average. According to the latest COT report which you can find here http://news.goldseek.com/COT/1183145580.p hp, the commercial traders are short 83584 contracts. This low level has reliably been associated with bottoms in the price of gold. I'm a buyer at this level.ENTGOIIMPWAVSYNP More About: Weekend , Scan
SNDK - VTNC
2007-06-22 09:02:00 I won't post much in the coming weeks as I'm in the middle of major personal changes.Amongst the 4 charts posted on Monday, we recommended two and they did well.SNDKVTNC
Monday charts
2007-06-18 13:18:00 ORCLSCMRSNDKVTNC More About: Charts , Monday , Chart , Onda , Char
Charts of interest
2007-06-13 17:54:00 ENTGSYNPVTNC More About: Charts , Interest , Chart , Char , Eres
KIM is bearish
2007-06-13 16:58:00 One very bearish stock is KIM, see for yourself daily and weekly charts below.[CLICK ON CHART]As for the market, I don't buy the move down and to convince me, I only got to look at the QQQQ options distribution. I have learned from bad experience never to play against it.Open interest for June expirationNumber of put contracts exceeds call contracts up to 47$ with a strong floor at 44$. These contracts will provide support up to expiration this week. I do expect the QQQQ to close the week at 47$ or better but certainly not below 46$Open interest for July expirationJuly option distribution is even more bullish as the floor is set at 45$. It is very unlikely the QQQQ will move below this level in july. More About: Bearish , Bear
Struggling to find charts
2007-06-12 11:31:00 I have been having a tough time to find charts relevant to post and without a good buy, I rather stay on the sideline for the moment. The charts below are really for I got to make a post today. Maybe I'll have something more interesting after we run our scan again later today.CheersACADDOVGEMGRC More About: Find , Charts , Chart , Char
Wednesday, June 06 scan
2007-06-07 17:26:00 No notable pattern breakout yesterday, not surprising on a down day as yesterday.Here are a few breakdowns. More About: June , Scan , Wednesday
2 charts only
2007-06-06 18:29:00 Not much time, only those two for today More About: Charts , Chart , Char
weekend post
2007-06-04 10:32:00 We have had a few new breakouts last week but there are not many I feel like posting here. Below weekend scan.[CLICK ON PIC]FLWSPRSTBCDOVGETGLWKWKMAILMINDAMP More About: Post , Weekend
charts follow-up
2007-05-31 11:13:00 Follow-up on some charts recently posted here.EPGOOGMIVAPDEPXP More About: Charts , Chart , Char
breakingpointtrades review
2007-05-29 05:03:00 Interesting read, hope they don't mind me posting the link. You can subscribe to their free newsletter.http://www.breakpointtrades.co m/controls/preview.php?nl_id=140 More About: Review , Point , Breaking , Brea , Breakin
weekend charts
2007-05-28 11:04:00 Several charts of interest after the weekend, no update before Wednesday.Watch IOMI chart, we recommended it as a short in a previous post, it lost 40% on Friday.Have a good week.....[CLICK ON CHART]APDAMPAVIDCSKDLMERTSGOOGIOMIQCCUSTP RSTTLCVTZOO More About: Weekend , Charts , Chart , Char
Thursday, May 23 after hours scan
2007-05-24 18:22:00 Potential BreakoutsGOOGMSFTMINDQCCPotential BreakdownsERTSMRVLUST More About: Thursday , After , Scan , Hour , Hours
charts follow-up
2007-05-17 16:35:00 I also use this blog as a journal, I look back at the charts I posted to see how accurate my reading at the time was.AMPLAMATPVSWXRIT More About: Charts , Chart , Char
GOLD at key support
2007-05-17 16:16:00 There are many levels of support for Gold , depending at whether you look at a daily of weekly chart. 540$ is the end of the bull, we are still far from there, 620$ is also strong resistance but right now the level to look at on GLD is 65$, I will start closing some gold position if it were not to hold. We are right at 65$ at the time I'm posting. More About: Support
Wednesday, May 16 breakout / breakdown
2007-05-17 15:50:00 Am on business trip, I'm updating the blog from my hotel room in Singapore. As a general comment, some ugly charts have shown up in the filters. I'm posting a few here but the number of breakdowns as measured by our scan is higher than the number of breakouts. From the short history of our scan results, this would indicate a short term correction is in the process. Again, not much history to back this.Brea kout charts first:OMEPDEAnd a few breadown charts:CACSIOMIIVCPLAB More About: Wednesday
Friday, May 11 scans
2007-05-13 18:20:00 Four new charts made the scans this Frida y after the session but nothing very exciting.AIGFDOPXPRAI More About: Scan
Week review
More articles from this author:2007-05-13 11:17:00 Let's review last week's charts. First, stocks posted here which have made a breakout.CLICK ON CHART !CAOCYDDCELICOPKEYNSUNHXRITThen, charts which are still valid for the week to come.AMATAMPLAPDCMPDLMEPEXARGDINTCMGLNMGR CNAFCPVSWWFC More About: Review , Week 1, 2, 3, 4 |
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