3309 Drysdale Ct
Edwardsville, IL 62025
just a back test of the neckline
LABU back inside the channel or the W pattern completed
SPY 60 sporting a potential inverse head and shoulders
I meant quarterly, not monthly but you get the picture
for example, when looking at the quarterly chart, the huge drop
down to the neckline last year is not so surprising when looking at
the big picture, and buying at the neckline made good sense,
and shorting at the top of the right shoulder will make good
I have the right shoulder lower than the left because I expect a
weaker right shoulder for the reasons stated below.
I look at the longer term charts all the time because it helps
to see the big picture and more confidence in swing trades.
When you think of it a monthly chart looks the same as a 60 min
chart without the noise
The back test of the 34 ema is only 6 bucks away and the 13 only
2 dollars away. It may be sooner than you think.
XLE going to make a good short in not too distant future.
Textbook head and shoulders in the making.
Right shoulder maybe up to the 13/34 ema's which are
crossed down now. Huge negative divergence. (hugh in
what is odd is that the money flow is red (negative) on the
To me it says this move is on low volume and a reverse
action could be rewarding
That, and the stochastic as shown tends to cycle very well.
when it tags the line there might be a good
reversion to the mean trade
I mean this thing is just going parabalic
yeah, I think that trendline has been a magnet technically
LABU nearing the top rail of this humongous 'W' pattern.
Since it has been one of the big drivers, maybe this will signal
some sort of top
GDX and miners - my chart shows a good chance of a drop
and pop tomorrow.
LPI - here's one I saved in my chart list to see how it aged
over time. I kidded Steve that it didn't look so hot on
the monthly chart even though it provided a good short term
The blue vertical line was the initial trade on the 11th and
shortly after it began dropping like a rock until it hit bottom a
year and a half later after a 24X haircut.
That means if you had shorted it with $100,000 it would have
been worth roughly 2 1/2 million at the bottom.
That's why I like to look at weekly and monthly charts. It
eliminates the noise of the daily charts and allows you to see the
major trend, patterns, ect.
In this case four trending indicators were negative at the time
on the monthly chart - moving averages, aroon, psar, and vortex.
In contrast, the daily chart just looked like noise.
Which trade would you have liked to take. Both is a good
almost there, don't stop now
I'd like to see it hit the overbought line in green on this
has to get moving soon though
SPXS right shoulder yesterday with psar buy signal
fighting with the neckline
MUX monthly measured move takes it to the long term downtrend
line. Has the psar buy signal
I use psars on all my charts and trust me, they work. A
weekly chart gives the bigger picture whereas the daily is just
text book inverse head and shoulders too
TRX - weekly inverse head and shoulder with psar buy for a
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