BT''s Classroom (SPX FORKS)

[tnnguyen3]

CNAM BT can you give me feedback Thanks!

[blacktruck]

looks to me like it could see 68-69 before meager bounce.....I measured the pre gap low with a 1.618 .....I put it up here to see how it goes..

[rimshot]

GMCR 60-minute closes since June, 2009:

http://stockcharts.com/h-sc/ui?s=GMCR&p=60&st=2009-06-01&en=%28today%29&id=p27741823758&a=198997304&listNum=12

* the late 2009 to 2010 portion of this chart has already given way to a reversal confirmation of the bullish pattern, BUT

* what remains to be seen is if the perhaps more important level just below the new 2010 swing lows for GMCR which were achieved today actually provide horizontal support on a lasting basis.

* CAUTION - the tender offer for DDRX by GMCR has been extended to May 3, and the competing tender offer for DDRX by PEET has been extended to May 7th (I believe my memory is now clear for those dates...I have the arbitrage premium data for those here that may be interested, and the new extended expiration dates are
at the end of that info.)

GMCR weekly -

* the $72.70 price level was placed on this chart on Thursday a.m. based on major horizontal support that could potentially
define whether price is going to head for a leg much lower once this level is tested...turns out this level was in fact tested
today, AND it has held so far as horizontal support

http://stockcharts.com/h-sc/ui?s=GMCR&p=W&st=2009-06-01&en=%28today%29&id=p32935175627&a=198887423

GMCR reported earnings and provided new forward guidance on
Wednesday evening.

any questions?

[blacktruck]

This appears to be doing an abc flat right at the TL....this could be forecasting a real nice move...

[pHiLtHy]

those look like Donchian Channel lines to me... with a 20 period look back... D-channels are just highest high and lowest low for the specified lookback period.

[blacktruck]

What exactly is the function of the black channel lines on your charts?


Here is CYTX showing Resistance

...

[tnnguyen3]

AONE Chart

[blacktruck]

AONE




needs to pinch on the daily..

[blacktruck]

VVUS

[QQQInvestment]

YONG right season for this stock
Chinese fert/chem stock for spring season planting in china, especially after bad winter (dry south, wet and cold north).

this stock has seconary offering 7.50, so far it holds 7.5-8 firmly and selling pressure are totally gone, its just waiting for pass 8.50 and 9.30 to get serious running. BB is tightening now, its ready, just need a little trigger

[blacktruck]

FUQI




FUQI Pincher



FUQI

Daily

[QWIKSTRIKE]

Current CYTX

[QQQInvestment]

over the past 2 trading days, CAT May 55P OI increased to 47K, June 20K increase 20K OI, Aug 1:1 put spread 65P/55P, 1:2 62.5P/52.5P. earning Monday before mkt open.

let's see how it goes

Daily


Weekly

[blacktruck]

MAN




COST

[blacktruck]

Updated Charts...

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NDX ( from smilinghiker)



COPPER WEEKLY [DOJI ON THE 4 DAY]




COPPER DAILY




SPX DAILY




SPX 60



GROUP STOCKS

FCX




STEC



MAN




CYTX




COST




LIWA



LIWA 60 BO




RIMM




RINO



GS



GS Weekly



APWR



FUQI




YUII



CMED

truly cooked if loses support here..




Set up Pinchers on daily 2 and daily 3 buttons..

[blacktruck]

LIWA is trying hard...

[blacktruck]

CYTX coming to inflection point..




COPPER flashing high handle bull's gotta love..FCX to 76ish then turn?




MAN-COST-STEC scorching..

message 266

[blacktruck]

Anthonys CYTX is on the move..

[mick]

hi BT, in this goig chart your drawing trendlines didn't hold.

can you do this where it holds?

i see some of chart read.

[orecal7]

This news has probably helped VVUS? Orex may need a little watching for a bit...

http://www.reuters.com/article/idCNN1323627120100413?rpc=44

[orecal7]

Thinking Manpower is heading down....

[milo3]

blacktruck, thanks. You're considerably ahead of me in counting waves but I'll take a stab at GOIG. Since the time of your reply has been several hours and more chart has developed I have (what might be) an advantage. : )

Beginning April 5 I count 8 waves going into today's 9th wave with this 9th wave extending itself into what I think will be 5 discernible waves. On its conclusion of 5 waves will be the top from which a sizable (down) correction will likely ensue.

[blacktruck]

Anthony...

Your stock is getting ready to do something....I also think there is news coming on it this week?????

[blacktruck]

It is somewhere towards the end of 4 of the A corrective...

In the event that price travels through the fork top then that 4 would be the B....

A five wave down will be following..

That being said let me say this...I view EW from a "Darwinian" perspective.....meaning I view that the counts "evolve". If fundamental events improve the count generally reflects this improvement.

GOIG needs either volume or a driver to eclipse current R or to continue attempting to bang against the R..If GOIG moves to the top fork then fails this would be considered a failed attempt..

[milo3]

blacktruck, want to hazard a wave count on GOIG coming off the .0051
correctional bottom ? Thanks for any help.

[blacktruck]

The price will more than likely remain between the upper and and center median lines...that is the short answer..

I could go on for hours MBOT and this is not the right media.. but


1. depends on what kind of business they are in...commodity style stocks have stronger fifth waves..if the mkt is kind in morning they may run this higher..if I was holding here i would be looking to unload..


You got to remember though this is a pink and there are no rules the traders/mm's must abide by..

Finally this is a technical forum and technical "explanations" should be directed to my private email( in the ibox) or thru my classrooms...

[MadeBucksOnThis]

I would be very interested in a short response to this chart. I do not own the stock, but am now a Mod there at their forum and would like to understand any opinion "technicly speaking" on patterns you may see or any textbook observations. I have been following both of your forums for a little while now.

Thank you for your time and teachings...

MBOT

[mick]

what a chart read. 60? is that R.S.I. opps i see r.s.i is about 90. i see a gapper filled in a *j* formation.

then another gapper in a *J* formation.

now is to see where this one may correct to.

i really appreciate your valuable time BT.

you are marked and forum.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48836464&txt2find=goig

[blacktruck]

GOIG 60

[mick]

would it be possible to see what GOIG would look like?

[blacktruck]

Yes...but I think volume is probably much more important on those..

[mick]

hi BT, i like you charting. will thiswork with otcbb or pinks?

[blacktruck]

LIWA again

[bigelam]

LIWA

I told Yawang yesterday before close that the falling wedge should see resolution latest by Monday. Now we got confirmation, I expect 9.9-10 next week. If we get that this is a true triangle breakout and target is 14s.

http://stockcharts.com/c-sc/sc?s=LIWA&p=60&yr=0&mn=2&dy=0&i=p89482810296&a=195893205&r=9858

Will post count on this tonight or weekend.

[blacktruck]

LIWA.....shelf registration priced at 8.05


this should move today..

[blacktruck]

Big---read message embedded..

[blacktruck]

It should do exactly that....I just didnt label it.....after point D it should travel to point E which is the top and unlabeled.....but you have to remember the E leg does not have to travel all the way to top...

I think your first email described it correctly...If a B it should get one lower thrust then up and away...look at this old b triangle that caught me..

[bigelam]

Triangles

Why can't a B triangle break down at point D and then reverse up to breakout?

[blacktruck]

The subject of B triangles..


this came up today..LIWA





The problem with triangles is there is no easy or surefire way to distinguish a "b" triangle from a 4th wave triangle..

If you look at a LIWA weekly it could be either one here. So the safe way to buy these things is on the upside break..

1. Triangles occur on lower vol/volatility so you really need to see an increase in volume on breaks..

2. If this is in fact a B triangle it would move to the top and perhaps even overthrow then fall below lower border...

[blacktruck]

Not necessarily....please refer to next message

[orecal7]

Manpower

OK, If this is a triangle, then does that mean my count is off?
Lost, again.

[hiker]

That's an interesting chart.

There's a really striking drop in unemployment in going from Mississippi to Alabama that makes me take this one with a grain of salt. Maybe the Alabama data is older.

[blacktruck]

Hat tip to Bruce Thompson for this:

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

[blacktruck]

SPX 1 min

[blacktruck]

AAPL

[blacktruck]

Interst rate 10 yr

[blacktruck]

SPX 60

[blacktruck]

SPX 60




SPX 30








10 min

[blacktruck]

great example of evolving count...with a miss like APWR had this morning....the CEO was looking furiously for a sec to run off with...

200 mil miss on rev's....looks like the 5th is going to be a strong one lower...

[blacktruck]

Earnings...RINO-RIMM-XRTX after the bell tomorrow..