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I'm not sure why your chartnotes size is so small.  It's something in your settings.  Mine comes up about the equivalent of a 700 or 780 size chart.  BTW, try setting your chart to something like 780 or 900 before going to chartnotes. Maybe that will help.  Use java it's fast.


Go down below chart to adjust chart size and try that.  

As far a chart lists I organize the chart (sometimes dupicates) in different lists.  On a chart you like, click on new and save it to which list you want.  Otherwise create your charts and from chartlists put them where you want them.  Chartlists is not perfect but it works when you get used to it's limitations.

Looks awfully stretched to me

AAPL any comments

Posted by johnc on 27th of Jul 2011 at 08:48 am

On both the weekly and D.  I'd pay attention to the next couple of daily bars just because it has a gap under the last bar on the daily.  Could be an exhaustion gap but we won't know until we get a reversal (hopefully a gap) back to the downside (If it happens).  It could be just that darn strong but I sure wouldn't chase it.  Somebody will.  

Nice One, MG

similar to.....

Posted by johnc on 26th of Jul 2011 at 07:14 am

Nice One, MG

Institutional Index

Posted by johnc on 22nd of Jul 2011 at 07:32 am

Steve showed a nice daily view of the institutional index on the newsletter.  Here is an interesting view of the weekly which shows some nice resistance areas above and why price is struggling in our current area.

Institutional Weekly

SDRL

Posted by johnc on 20th of Jul 2011 at 01:51 pm

Longer term play if/when it breaks out of the consolidation here.  I like it to the upside unless something changes.  Pays an 8% dividend yield while you wait.

Stops are sure an aggravation

stops in place.....

Posted by johnc on 20th of Jul 2011 at 10:09 am

Stops are sure an aggravation at times.  

A good strategy is to try setting it below a logical candle or support (after considering the ATR-the amount it will usually move in that time period).  The only other problem I find is that many times by doing this it makes my risk to reward much worse.  Usually I would prefer that it doesn't move that far down before I get rid of it and so...

Most of the time what I really end up doing is setting my stop (with a mental or trade sheet stop ready) after I purchase.  But then I have to watch it after purchase.   If you do that you can't be hesitant to get rid of it if it is moving against you.

Sometimes it's just better to wait until the crazy first 15  minutes of the day is over to do anything at all.

KAI

Posted by johnc on 20th of Jul 2011 at 08:07 am

Popped through yesterday.  If we get a little pullback might consider or take it near here.  Pattern looks like 4 points of upside with a stop below lower resistance line on D. New high and strong weekly.

SINA

Posted by johnc on 18th of Jul 2011 at 03:56 pm

Awfully strong in a weak market.

OBV Trending down since Feb on weekly

Posted by johnc on 18th of Jul 2011 at 11:34 am

Interesting to see that it was really trending down even before the top in May.  Of course, it could find a bottom anytime here.  But for now,  I think we need some proof.

Thanks. I liked that.

interesting divergence....

Posted by johnc on 18th of Jul 2011 at 07:25 am

Thanks. I liked that.

MSFT

MSFT

Posted by johnc on 17th of Jul 2011 at 04:14 pm

Here's a daily and weekly view with counts.  The weekly looks more consolidative. The daily appears to be pausing at resistance in a 3 up.  Theses counts might not jive well with other counts that break everything into increasingly lesser fractals but are efficient for trading purposes.  I'm hesitant to call it a flag only because there isn't much stronger volume prior to the pause. Hope that helps any.

Totally missed that you had your trade set-up already figured out.  I'd delete my post if I knew how. Embarassed

You might also note that the the mid '10 lows are a 61.8 retracement of the move up.  So which consolidation is it really?  I don't know but at least we see the price consolidation. Draw a horizontal line at the most recent low and watch where it goes back through.  That would be one line in the sand for me.  Otherwise I have to start looking at resistance above.  The most important thing is that you see the triangle consolidation of price and figure out where your trade is.  Not worth much but I hope it gave you a slightly different view.

Same chart. drawn earlier

SSEC Shanghai Index

Posted by johnc on 14th of Jul 2011 at 11:39 am

Sometimes it's funny that depending on when you draw things you can get a slightly different interpretation.  This view was drawn much earlier this year and price broke to support shown and this then would appear to be a retest.  In reality, I think we are really just chopping above support and until it is broken or left we are still consolidating with no clear direction.   Just interesting to note.

Nice 1. Thx.

TZOO about to breakout of cup and handle...

Posted by johnc on 14th of Jul 2011 at 08:18 am

GS right at weekly and local support

Posted by johnc on 14th of Jul 2011 at 07:56 am

Might be nice for a quick support trade up.  Here's the weekly showing support.  No divergence on the weekly so after a bounce it could start lower. Divergence is growing on the daily.  Maybe a tight stop under support.

FXI at support Bottoming on D

Posted by johnc on 13th of Jul 2011 at 11:18 am

FXI is showing a morning star pattern on the daily and a double bottom type pattern - if it holds through the day.  FXI has been range bound for most of a year.  I don't think you can take it longer than a trade at this point but at least maybe to the 50 D MA.  I'd hang a little while and wait to see how the candles finish the day.

SPY Chart

very "bearish"....

Posted by johnc on 13th of Jul 2011 at 09:20 am

Why do the 2000 prices appear to top out at the 130ish area rather than the 150ish area?  Is it just me?

Test Post

Posted by johnc on 13th of Jul 2011 at 08:35 am

Spy 180 Bottoming?

 

 

 

OC- Trade Idea

Posted by johnc on 11th of Jul 2011 at 08:51 am

Over 38.90.  which would be new all time high.  Weekly support at 37.20/35.90

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