doing a fibonacci fan chart on the recent rise.  many of the lines seem to match up connecting the recent bottom with the high of friday.

matt -

using your chart with the downward sloping trendline - if that trendline is neckline could it be an inverse head and shoulder formation.  market is pulling back now (for a possible right shoulder? 

thanx,

VOD - ending triangle going back months

MCP - triangle formation - ready to break to downside

GMO - possible head and shoulders with neckline at 5 (currently below that at 4.9) with target of 3 (top of gap).

DYODD (do your own due diligence)

if you connect resistance line from 52 week high at 1344 with high from a couple of days ago you get a different triangle - wouldn't that be more accurate? doing abcde on new triangle would suggest move down right?

wouldn't it be more accurate to draw the triangle using the52 wee high and the high a couple days ago? it would give spy more room and Then when you do the abc it wouls result in move lower.

before a big move up later this year.

www.pintopower.wordpress.com

Matt-

I noticed that USU was not on your newsletter for uranium stocks.  Do you no longer suggest that as a long term play?  it hasn't moved like the other ones (in fact I am still underwater).  could you provide an update on what you think of it?

For some reason I always pick the losers from BPT.  (e.g., PEET, IMMR).  Its very frustrating. 

IMMR was also taken off watchlist/trade ideas but I don't see it on triggered.  could you please provide an update on it too.

thanx.

I don't see CSKI on the watchlist or the triggered list.  could you provide an update?

thanx.

Matt-

I know it is still a work in progress, but one suggestion is to include a link that would pull up the stockcharts chart of the stock.

For me, I would like to find companies that are good long term holds with growing dividends.  So a weekly chart would probably be best.

Others may want to capture the dividend as a short term play/trade - so a daily chart may work best for them.  e.g., is a stock with an upcoming dividend also doing a short term ascending triangle?  If so, the person could get the divident and increase in stock value.

Thus, I think having a column with "D" and "W" for shorter term daily chart and longer term weekly chart may be helpful.  (Also, a column for growth in dividend over time - but I am not sure if that is technically feasible given the data.)

Thanx,

doodle

ditto!

On 7/17 I suggested there are a few charts that look like cups and handles / Inverse H&S and could suggest another leg up in the market.  You can search for the post but here are some charts of the stocks to see what has happened since then.  some have broken the neckline and others have not done so yet.  It doesn't mean that they are all buys now but perhaps on a shallow retracement for those that have already broken out (to test the neckline as support) they could be buys.  What do you all think?

http://stockcharts.com/h-sc/ui?s=KMX&p=W&st=2005-06-22&en=(today)&id=p43484983848&a=204361939&listNum=15

http://stockcharts.com/h-sc/ui?s=MO&id=p42732918750&a=204361934&listNum=15

http://stockcharts.com/h-sc/ui?s=PFCB&id=p42732918750&a=204361947&listNum=15

http://stockcharts.com/h-sc/ui?s=PKX&id=p42732918750&a=204361935&listNum=15

http://stockcharts.com/h-sc/ui?s=PNC&id=p42732918750&a=204361944&listNum=15

http://stockcharts.com/h-sc/ui?s=PSEC&id=p42732918750&a=204361942&listNum=15

http://stockcharts.com/h-sc/ui?s=TCK&id=p42732918750&a=204361949&listNum=15

http://stockcharts.com/h-sc/ui?s=WIN&id=p42732918750&a=204361943&listNum=15

http://stockcharts.com/h-sc/ui?s=BVN&p=W&st=2005-06-22&en=(today)&id=p96171529857&a=204361932&listNum=15

http://stockcharts.com/h-sc/ui?s=CAKE&p=W&st=2005-06-22&en=(today)&id=p70545380947&a=204361948&listNum=15

http://stockcharts.com/h-sc/ui?s=CH&p=W&st=2005-06-22&en=(today)&id=p12189251730&a=204361941&listNum=15

http://stockcharts.com/h-sc/ui?s=KMB&p=W&st=2005-06-22&en=(today)&id=p03358847013&a=204361933&listNum=15

interesting chart, marketguy.  thanx for sharing all of your hard work.

take the chart back further and you see a potential head and shoulders on the UUP.

he did an interview on financialsense.com about a month ago that was very good too. thanx for the link.