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BEC inverse h/s pattern in the making...
http://stockcharts.com/def/servlet/SC.web?c=bec,uu[w,a]dhcayiay[d20050307,20051231][pb50!b200!f][vc6...
HYDL still setting up in its base...
http://stockcharts.com/def/servlet/SC.web?c=hydl,uu[w,a]dhcayiay[d20050307,20051231][pb50!b200!f][vc...
MSTR forming a nice looking cup/handle pattern...may need one more test of the 50 day area.
http://stockcharts.com/def/servlet/SC.web?c=mstr,uu[w,a]dhcayiay[d20050307,20051231][pb50!b200!f][vc...
NKE setting up in a bullish pattern....handle forming.
http://stockcharts.com/def/servlet/SC.web?c=nke,uu[w,a]dhcayiay[d20040611,20051231][pc50!c200!f][vc6...
AJ what about the TTF....this was passed along to me by another trader.
http://stockcharts.com/def/servlet/SC.web?c=TTF,uu[l,a]dacanyay[df][p][vc60]&pref=G
SP 500 and Wilshire Indices are forming some bullish continuation of trend triangles here. Notice how they are catching support off our 20 MA's as you might expect during a bullish trend.
http://stockcharts.com/def/servlet/SC.web?c=$wlsh,uu[w,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!l...
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!la...
SOX looks overall healthy to me as buyers made themselves prominent today on the backtest of our 486 neckline.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051231][pb50!b200!f][vc...
Repositioned in BRCM and MRVL.
The sector chart has that bearish flag "look" to it...I've been trading the drillers long in the group only. The integrated plays look suspect.
http://stockcharts.com/def/servlet/SC.web?c=$djusol,uu[w,a]dhcayiay[dd][pb50!b200!f][vc60][ila12,26,...
Potential for bearish rising wedge patterns to play out here on the 60 minute charts...
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]ehcayiay[d30][pf][vc60][ila12,26,9][J58075...
http://stockcharts.com/def/servlet/SC.web?c=$rut,uu[w,a]ehcayiay[pf][vc60][ila12,26,9][J53973011,Y]&...
http://stockcharts.com/def/servlet/SC.web?c=$mid,uu[w,a]ehcayiay[pf][vc60][ila12,26,9][J53972954,Y]&...
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]ehcayiay[d63][pb20!f][vc60][ila12,26,9][J502...
SP Daily chart looks toppy....somewhat inverse of that we saw at the July bottom.
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!la...
>>>Who posted that on the Public Charts? Robert New?>>>
Yes that is my chartwork. Corrective moves are commonplace to 20 MA's during even the most bullish trends. The semi's should hold up well into 2006. I like the fact that the index gapped up and over that downtrendline showing some energy out of the pattern leaving many shorts behind.
>>>Your position is exactly what most people have, disbelief in the rally, which is why it will happen>>>
Truer words were never spoken!
Hope you held onto BRCM as it made a multi year closing high on Friday. I have a 560 intermediate term target on the SOX based on this continuation pattern and the three year triangle/downtrendline breakout.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20010914,20051214][pb50!b200!f][vc...
AJ not sure if you posted this today due to time constraints didn't run thru all posts...I'll review posts later but this looks ready for a move up and out....bullish divergences in place.
http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[w,a]dhcayiay[dc][pb50!b200!f][vc60][iub14!la12,...
Nice AJ....heres the 3 year view....heck of a gap and run in the SOX here...look out above.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20010914,20051214][pb50!b200!f][vc...
Agree fully....the SOX has the potential here to surprise many with a strong upside move into 2006. Our continuation h/s pattern projects to 560ish. The question I have is whether or not this tests the 50 day to form a better right shoulder before heading up and out. The top of the gap around 473 could contain pullbacks in this pattern...either way concur with your bullish take in the group intermediate term.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
AJ a nice backtest of the breakout in the $39's on YHOO thanks to the analyst downgrade today. $39's provides a nice risk/reward entry.
http://stockcharts.com/def/servlet/SC.web?c=yhoo,uu[w,a]dhcayiay[d20040502,20051231][pc200!c50!c20!f...
Also positioned in MRVL on the test towards the top of its gap which I expect to hold on any subsequent test. Stops just below.
http://stockcharts.com/def/servlet/SC.web?c=mrvl,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
Some other nice looking bases taking shape...
http://stockcharts.com/def/servlet/SC.web?c=gsl,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc6...
http://stockcharts.com/def/servlet/SC.web?c=icon,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
http://stockcharts.com/def/servlet/SC.web?c=cpki,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
http://stockcharts.com/def/servlet/SC.web?c=btu,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc6...
BRCM looks like its trying to find support off its falling support line here in the high $45's...would like to reload on a hammer off the 50 day if possible or if the SOX clears 486 I may be forced to pay up this time <g>
http://stockcharts.com/def/servlet/SC.web?c=brcm,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
The SOX encountered major neckline resistance which sent the SOX down likely to form a right shoulder in the 450-475 area over the next few sessions. Looking to reposition in selected semis such as BRCM MRVL etc once we get a hammer off the above area.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
AJ begging for a 15-30 point pullback in the semis to finish off this pattern. Very symmetrical pattern now with todays 486 print.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
Happy Thanksgiving to All...
Hi Joseph
If there was ever a time to take profits on a position its here on JCOM. The first test of major resistance is usually a prime place to book profits partially if not all. The pattern in play has neared its projected target. Thats not to say it cant clear but odds favor some type of pullback off this area.
Congrats on your run and your patience in the issue :)
AJ not so sure that H/S top plays out....I connected the lows with a trendline on your chart and overall the trend remains in tact. I find the play favorable as long as that trendline holds.
http://stockcharts.com/def/servlet/SC.web?c=aci,uu[e,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200!...
Per the coal index chart I posted earlier I'd like to see a gap and run above that upper trendline.
AJ keep in mind that bearish short term patterns in big picture bullish trends are subject to failure.
AJ OSX broke out to all time highs today...nice continuation h/s pattern in place. Couple of setups below...
http://stockcharts.com/def/servlet/SC.web?c=$osx,uu[w,a]dhcayiay[dd][pb50!b200!f][vc60][ila12,26,9][...
http://stockcharts.com/def/servlet/SC.web?c=hydl,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
http://stockcharts.com/def/servlet/SC.web?c=fto,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc6...
BTU basing out here....coal forming a bullish falling wedge.
http://stockcharts.com/def/servlet/SC.web?c=btu,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc6...
http://stockcharts.com/def/servlet/SC.web?c=$djuscl,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][ila12,26,...
BJS breaking out of a nice triangle...
http://stockcharts.com/def/servlet/SC.web?c=bjs,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc6...
AJ neckline tag....nearly symmetrical pattern now....a mild dip for a right shoulder would likely set this up for a major move into 2006.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[dd][pb50!b200!f][vc60][iub14!la12,2...
Another shorter term look....
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]dhcayiay[dd][pb50!b200!b20!f][vc60][iub14!...
AJ your ATM machine continues to work well here <g>
http://stockcharts.com/def/servlet/SC.web?c=pd,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc60...
>>>And if you put a line(s) on the rising lows, you'd have a riding wedge(s).>>>
True but if you study the other indices they are in bullish ascending triangles and are well into their breakout moves (See Chart Below)....leading me to believe that the Nasdaq will break out of this pattern to the upside.
4 year breakout moves in the SP 500 and Wilshire 5000 today.
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]whcayiay[df][pf][vc60][ila12,26,9][J62084118...
>>>plex, how does qcom look to you here?>>>>
Here's my take on QCOM....I was hoping for a mild dip to the 43 area to set a right shoulder but it may just trade laterally before making the move. Either way its headed higher in time IMO.
http://stockcharts.com/def/servlet/SC.web?c=qcom,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
Yeah those were the days huh? Heres a closer view of our resistance line tag this morning...
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]dhcayiay[de][pb50!f][vc60][j31272372,y]...
AJ nice call on that $48.10 tag on BRCM....good chance it forms some type of handle here before making the move.
Was fortunate to get a small allocation of shares before this came public....did you get an allocation or just playing post market?
Check out the UARM IPO up 100% out of the gate....was fortunate to get an allocation on this.
AJ SOX neckline tag....exited most longs to cash I expect we get some type of mild dip to form a right side shoulder in the pattern before blasting off soon.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc...
Marsh are you decking yourself out in UARM premarket shares in this issue? Trying to get an allocation....we'll see what the morning brings.
Comp pattern projects to 2500-2600 area in time....with plenty of pullbacks along the way.
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]dhcayiay[dd][pb50!b200!b20!f][vc60][iub14!...
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]whcayiay[df][pf][vc60][ila12,26,9][J487223...
Small Cap breakout today...
http://stockcharts.com/def/servlet/SC.web?c=$djusgs,uu[w,a]dhcayiay[d20050315,20051215][pb50!b200!f]...
Mid Cap Breakout to nearly 5 year highs...
http://stockcharts.com/def/servlet/SC.web?c=$DJUSGM,uu[w,a]dhcayiay[d19961117,20051117][pb50!b200!f]...
Thanks for the P/F...if you study the long term BRCM chart its nearing a major pivot area. If 48 clears next resistance is 53.50...above 53.50 on the 5 year chart theres a wide open channel to 72ish. Similar to what we are seeing with YHOO in the 40-49 area on the 5 year chart.
http://stockcharts.com/def/servlet/SC.web?c=brcm,uu[w,a]whcayiay[d20001007,20051207][pf][vc60][ila12...
MRVL HPQ nice ramps ah...