Posted by maroonk1 on 23rd of Oct 2014 at 06:56 pm
If it snorts like a Bull, its a Bull!! 5 waves up on SPX
so far. I am assuming resumption of uptrend until proven wrong.
Going long if we get a pullback to 1904-1910( 38 fib) with a
stop.
Interested to hear if Matt and Steve start finding long cup and
handle and I H&S setups.
Maroon1...right now I'm seeing most stocks needing a rest (quite
extended). Historical statistics are bearish the next two
trading days. I see several potential IHS patterns or cup and
handle prospects that all need some type of pullback. One
example would be DG as a potential IHS. If we start to
pullback, will have to see the depth (could be fairly deep). I will
review tonight.
You can look at all these missing Right Shoulders: SBUX SE BBY
AMAT TTC XRT just to list a few.
It is a Duck
Posted by maroonk1 on 23rd of Oct 2014 at 06:56 pm
If it snorts like a Bull, its a Bull!! 5 waves up on SPX so far. I am assuming resumption of uptrend until proven wrong. Going long if we get a pullback to 1904-1910( 38 fib) with a stop.
Interested to hear if Matt and Steve start finding long cup and handle and I H&S setups.
Maroon1...right now I'm seeing most
Posted by steve on 23rd of Oct 2014 at 07:08 pm
Maroon1...right now I'm seeing most stocks needing a rest (quite extended). Historical statistics are bearish the next two trading days. I see several potential IHS patterns or cup and handle prospects that all need some type of pullback. One example would be DG as a potential IHS. If we start to pullback, will have to see the depth (could be fairly deep). I will review tonight.
You can look at all these missing Right Shoulders: SBUX SE BBY AMAT TTC XRT just to list a few.
Great. I look forward to
Posted by maroonk1 on 23rd of Oct 2014 at 07:34 pm
Great. I look forward to your trading ideas if the market confirms the uptrend.
TX
Maroon