Anyone Noticing The....... - Trading-Lab

Soverus Khan · #1 02-20-2008, 08:40 PM

Anyone noticing all the tightening? Something's gonna swing hard one way or the other.

Amazing how all those lovely H&S played out.

COMP.gif

INDU.gif

spx.gif

aiki14 · #2 02-21-2008, 12:09 AM

And today was the first up day on anything resembling significant volume, I think we may be looking at a few sessions of good upside moves. I still think you want to be positioned for a retest of january lows, but with the ability to take advantage of upside swings.

Soverus Khan · #3 02-21-2008, 12:26 AM

The pipe botom on the DJIA chart was played by many. The breakout from this current and very tight consolidation has the potential to be significant.

Same poattern is setting up in many big stocks.

Opportunities everywhere.

Long term outlook is bearish (to me), as I also see a re-test of lows...with more serious long term effects. Time will tell.

Luvnrio · #4 02-21-2008, 10:30 AM

Not realizing as to what it means, but I have seen this pattern becoming more frequent with some of the stocks I'm following... Let's hope it has a positive swing.

"Poattern" that's one for the urbandictionary.com.. Poetic... I like...

Soverus Khan · #5 02-21-2008, 11:23 AM

I take advantage of these patterns (sym triangle) intra-day when they appear. They are very easy to calculate as I've posted in some of the triangle threads. Break can go either way, but are usually (relatively) explosive when they occur. Downward breakouts are usually faster and more explosive. Take your profits when the target is hit or narrow that stop quickly because the move can get pretty volatile. Don't forget to consider support and resistance levels.

Take a look at COV and see how it performs over the next few days. If it reacts in the manner as above, it will be a good tool for analysis of money management, entry/exit, and risk/reward.

Luvnrio · #6 02-22-2008, 03:15 AM

Maybe the favorable patent ruling today will give COV the umph needed to set it off.

SOHU is one I've been watching...

Just curious, was "poattern" a type O or did you really mean that... honestly, I read it as a positive or potential pattern.

Soverus Khan · #7 02-22-2008, 10:44 AM

Quote:

Originally Posted by Luvnrio

Maybe the favorable patent ruling today will give COV the umph needed to set it off.

SOHU is one I've been watching...

Just curious, was "poattern" a type O or did you really mean that... honestly, I read it as a positive or potential pattern.

Sorry, that was a typo.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

#1 02-20-2008, 08:40 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	Anyone Noticing The....... Anyone noticing all the tightening? Something's gonna swing hard one way or the other. Amazing how all those lovely H&S played out. COMP.gif INDU.gif spx.gif

#2 02-21-2008, 12:09 AM
aiki14 Member Join Date: Jan 2008 Location: Philly Burbs, PA Posts: 82	And today was the first up day on anything resembling significant volume, I think we may be looking at a few sessions of good upside moves. I still think you want to be positioned for a retest of january lows, but with the ability to take advantage of upside swings. __________________ I read somewhere that 77 per cent of all the mentally ill live in poverty. Actually, I'm more intrigued by the 23 per cent who are apparently doing quite well for themselves. --Jerry Garcia The idea is to try to give all the information to help others to judge the value of your contribution; not just the information that leads to judgment in one particular direction or another. --Richard P. Feynman

#3 02-21-2008, 12:26 AM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	The pipe botom on the DJIA chart was played by many. The breakout from this current and very tight consolidation has the potential to be significant. Same poattern is setting up in many big stocks. Opportunities everywhere. Long term outlook is bearish (to me), as I also see a re-test of lows...with more serious long term effects. Time will tell.

#4 02-21-2008, 10:30 AM
Luvnrio Member Join Date: Dec 2007 Location: Rio de Janeiro Posts: 93	Not realizing as to what it means, but I have seen this pattern becoming more frequent with some of the stocks I'm following... Let's hope it has a positive swing. "Poattern" that's one for the urbandictionary.com.. Poetic... I like... __________________ "Lead, follow, or get out of the way." Thomas Paine "Insanity is doing the same thing over and over again and expecting different results." Albert Einstein

#5 02-21-2008, 11:23 AM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	I take advantage of these patterns (sym triangle) intra-day when they appear. They are very easy to calculate as I've posted in some of the triangle threads. Break can go either way, but are usually (relatively) explosive when they occur. Downward breakouts are usually faster and more explosive. Take your profits when the target is hit or narrow that stop quickly because the move can get pretty volatile. Don't forget to consider support and resistance levels. Take a look at COV and see how it performs over the next few days. If it reacts in the manner as above, it will be a good tool for analysis of money management, entry/exit, and risk/reward.

#6 02-22-2008, 03:15 AM
Luvnrio Member Join Date: Dec 2007 Location: Rio de Janeiro Posts: 93	Maybe the favorable patent ruling today will give COV the umph needed to set it off. SOHU is one I've been watching... Just curious, was "poattern" a type O or did you really mean that... honestly, I read it as a positive or potential pattern. __________________ "Lead, follow, or get out of the way." Thomas Paine "Insanity is doing the same thing over and over again and expecting different results." Albert Einstein