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The X-Peculator Call for NDX [12/01/2005]
Captain Z: Hello General. The NDX closed at 1553.4, one point below the ascending trend line, so I believe you opened a short position on the close, right?
The X-Peculator: Yes Captain, as always I followed the plan and sold NDX contracts at the close (4 p.m. ET), futures at 1559.
Captain Z: What do you saw in market action today?
The X-Peculator: After two candles that look like dojis (the close is near or equal to the open - shows indecision and doubt) the market still seems undecided. After the lower open the NDX bounced a bit from the trend line support, broke the line by midday and then tried to come back above it ... but in the end NDX closed below the trend line, so I'm short.
Captain Z: At this hour the futures are at 1566.5, so you're loosing 7.5 points. How do you feel?
The X-Peculator: I feel well, normal activity in a risky business. When I started trading if I won big I would do a party and invite everyone, when I lost I even cried some of the times ... it was a very painful experience. Now I never let the market influence my inside or outside. I could be loosing a lot trading, that if you're beside me you wouldn't notice. The market can eventually take my money again, but it can't make me sad. Although I still love the market, I have other things to love now Razz
Captain Z: But do you have any theory when it comes to dealing with losses?
The X-Peculator: Losses should be cut immediately as they are perceived. But I still don't have a confirmation that this is a loosing trade, even if the early signs are not very good ... I believe in the principle that a good trade is profitable right from the start.
Captain Z: How do you see the Intel news? Can they influence the market?
The X-Peculator: Only in the very short term. The market rarely is surprised and I don't usually react to news. Only a newbie can think that just reading the news will bring him money ... the market doesn't work that way, you must analyse the news in its historical context, not in the media's hype.
Captain Z: Ok, so what is your next step considering this position?
The X-Peculator: Let me show you my trading plan for tomorrow ...
TRADING PLAN
My technical charts for this Call:
http://x-peculator.com/nasdaq_futures_board/viewtopic.php?t=27
My basic motivation for this short sale is a close below the ascending trend line. I have to keep motivated to keep the position. Now, when will the motivation stop?
Of course, when the market doesn’t close below the trend line, which tomorrow stands at 1557.64.
So the stop loss is obvious: If Close>1557.64 Buy to Cover on Close.
And what about the stop profit?
Everybody in the trading business should know not to stop profits, but to let them run ... so I have no rule to stop a profit. I’ll stop it when the market does «something».
_________________
The X-Peculator
www.x-peculator.com
The X-Peculator Call for NDX [11/01/2005]
Hi again !
This is the X-peculator Call for Tomorrow:
***************************************
Captain Z: Good evening General, it looks like we had a 0.5 points miss for entering a winning trade.
The X-Peculator: That's right Captain, I was out of the market all day and missed a short at the high of the day (which I thought would be at 1578.5 - NDX cash, 1585 at the futures).
Captain Z: So, what went wrong, are you considering giving a range to enter positions, not an exact value?
The X-Peculator: Actually, today was funny, because the market was absolutely meticulous and my sin was that I wasn't !!!
Captain Z: Explain that for me, please.
The X-Peculator: You see Captain, the resistance we're talking about comes from the low of the previous range, which was exactly 1577.77 at December 9, 2004. I had draw an horizontal trend line but I wasn't very careful, so I put the trend line at 1578.5 and the real value of the line should be 1577.77, not 1578.5 ! That's why I missed the high for today and a 15 point day trade profit on the NDX futures.
Captain Z: Brrr, do you believe the market can behave in such a mathematical manner?
The X-Peculator: Today it did, I didn't, so I didn't profit. But in general, the market is made by people (although programmed machines are getting a growing share of the volume), and a successful trader should run from trying to get the exact high or the exact low of a move ... be happy if you're on the right side of the market, just that.
Captain Z: Ok, let's forget today, what do you see for tomorrow?
The X-Peculator: That's the right attitude captain, the only thing that should persist from the past are the lessons we take for the future, not the wins, misses or losses. Let's think about tomorrow's trading plan...
TRADING PLAN
The technical charts for this plan:
http://x-peculator.com/nasdaq_futures_board/viewtopic.php?t=25
I'm not going with exact numbers for tomorrow. We now have a pretty simple setup that can produce a large move, so I'm going to wait for the market to tell me which way to go.
A close below the ascending trend-line is a short sell signal (the trend line tomorrow will be at 1554.81). A close above 1577.77 will be a long technical signal.
No more considerations today. Close>1577.77 means open long at close. Close<1554.81 means short sell at close. On the next analysis I'll see how to take care of the position...
_________________
The X-Peculator
www.x-peculator.com
The X-Peculator Call [05/01/2005] - NDX
Hello Guys, this is a copy of my partner (X-Peculator) Trading Plan for Tomorrow.
Hope you enjoy this
Jesse Livermore
****************************
Captain Z: Hello general X-Peculator, how was your day in the markets today?
The X-Peculator: I just stood still, letting the profits run. The NDX opened higher after a big red candle, because traders were expecting a high number for factory orders. That indeed happened and the market sold off on the good news, as it is supposed to do on a market top.
Captain Z: So you just watched the markets fall, holding on to your short position at 1624 (NDX futures). Why didn't you take profits today?
The X-Peculator: Because there is no motive to take profits. The next support level, where I expect a reaction, is almost 30 points below where we are now.
Captain Z: Ok. Do you think this is the start of something big?
The X-Peculator: Well, I left the business of forecasting the market a long time ago. Now I just respect the trend and go with it. But, since you ask, on my recent research I found some valid arguments for a declining phase that could last months.
Captain Z: Like what?
The X-Peculator: To be concise: watch the COT - commercial hedgers are getting short in a big way. The USD Index seems to have bottomed, but not for the reasons the public and the media is stating: the market didn't suddenly got convinced that the US economy is growing fast, what I believe is true is that finally investors have come to the conclusion that the rest of the world (meaning Europe and Japan) isn't able to change it's economic model, from an export-led economy to an internal demand economy. The fall of the USD was the main reason the stock market was rising, it was a currency thing, I believe.
Captain Z: Ok, but you certainly don't want to get too attached to that view, do you?
The X-Peculator: No, I don't. I have other bearish arguments, but that won't make me any money. Let's go to the trading plan for tomorrow?
Captain Z: Yeah !
TRADING PLAN
The Technical Charts for this Plan:
http://x-peculator.com/nasdaq_futures_board/viewtopic.php?t=19
As we can see in the chart the market now has made two big red candles, which definitely is bearish market action. If it is bearish, The X-Peculator must continue to be short (from 1616 on the cash index, as stated in the prior analysis). My short term target for this move is the ascending trend line that tomorrow will stand at 1542.84. If this target is reached tomorrow I will close the short and enter long, just for a quick 5 point gain, I wouldn't dare to risk more than that. Let's see a longer time frame chart to know where this trend line comes from:
I would put a 5 point stop loss (and profit) at that long trade.
If the market doesn't reach the target and starts climbing I will get out of my short position with a profit. This strategy is called the use of a trailing stop order. I will exit my short position if the market crosses trough the midpoint of yesterday's red candle, which stands at 1591.5 (if the market stays more than 1/2 hour above this level I will close short, if not maintain until target at 1542.84)
The X-Peculator
http://www.x-peculator.com
******************************
NDX - Targets: 1687 and 1708 (short term)
Hello,
This is just a short comment on the NDX index...
NDX is trading a short term triangle formation, the main top of the pattern is the 1630, and if crossed to the upside, it should project NDX to 1687 on a fast 1 or 2 days move.
This pattern is working very well with a more meddium term pattern already on action. A long bump and run was triggered in the beggining of November, projecting the NDX to 1708 in a 3 month period.
Look at the chart to understand my technical values:
http://x-peculator.com/nasdaq_futures_board/viewtopic.php?t=14
All this values and projections, are indicative only, and we should take attention to the red ascending support on the chart, as it is the main floor level for any down move against this upside projections.
So my worst case scenario for the short term is to find the NDX on the 1550 level, which would be a great buying opportunity... but i simply dont believe that before we reache the 17 hundred master value.
I own some long positions on NDX futures and QQQQ options, and I«m trading this plan, as well as I've plane the trade Wink
any comments on this ?
Thanks !
Jesse Livermore
http://www.x-peculator.com
CSCO - Short term Technical Overview
Hello Guys !
Long time... no see
This is only a short technical outlook on CSCO short term chart:
The main Medium term resistance is placed on the 19.87 level, a value marked on the August sell-off, representing the upside value of a gap. This level is being tested over the last few months, but no solid breakout was made since then.
Since August lows, we can also talk about another important value, the 18.30, which is the present value of an ascending support level. This support can be considered solid as it’s been tested 4 times, working very steady preventing any downside breakdown on CSCO movements.
So, in medium terms, 19.87 and 18.30 are acting as main values for any possible move, which of this values could generate up/down signals if they are crossed over.
CSCO Chart for this Technical analysis:
http://x-peculator.com/nasdaq_futures_board/viewtopic.php?t=9
Looking now a bit for the short term, CSCO is having consecutive higher lows, and higher highs on the last month and a half, creating an interesting pattern that could be considered an ascending channel. On this time-frame, 19.15 should be interpreted has the support level, and a breakdown could project CSCO to the medium term support on 18.30 level.
Momentum is quite, and not giving many directions, so the wise thing to do is to wait for a better chance to trade CSCO on technical indications… That could be on the next days…
Best regards !
Jesse Livermore
www.x-peculator.com
Thanks Tom !
I'll check all the info and the websites you gave me.
best regards,
Jesse Livermore
http://globalspeculators.com
AAPL – Technical Projection to $36
This is only a little update to my last Technical Analysis on AAPL.
AAPL is trading an Ascending Channel, over the last 2 weeks, it was testing the bottom of this bullish pattern, and today it breakup the descending short term resistance line.
My chart for this Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=54.0
This is a very bullish signal, taking in consideration it’s mid term ascending pattern.
This time, and analyzing the pattern, I expect the breakup of the year highs on the short term, and the continuation of this rebound till the $36 level, which is the top of the channel…
Any opinion on this ?
Best regards,
Jesse Livermore
http://globalspeculators.com
Thanks for your model Tom Veal !
How does it works ?
best regards,
Jesse Livermore
http://globalspeculators.com
NDX – Technical Analysis
Alright… we have a pretty strange situation, with several different indications on the chart, but all valid for short term.
First:
In the beginning of August, we had a major trading range breakdown, reason of the recent sell off, and projection NDX to 1245 mid term. The bottom of that Trading Range was 1270, and it’s the short term resistance now…
Second:
Last week, NDX broke up the descending short term resistance, also the top of it’s descending channel… Projecting the NDX to 1422 short term.
Momentum is also changing, with several divergence breakouts, including DMI, this means that’s something is changing on NDX pattern… What ?
Chart for this Analysis here:
http://globalspeculators.com/trading_futures/index.php?topic=51.0
Any way, the second projection (bullish) can have serious problems getting through the 1370 level… but… but… if it breaks out this value, I really believe on the ambitious short term target on 1422.
I’m long right now, using the 1340 level has a stop zone, and I will start using a trailing stop above 1370, having 1422 has the main target of this trade.
Any opinions on this Analysis or in this chart ?
Best regards,
Jesse Livermore
http://globalspeculators.com
I think the market is far ahead of Current Oil Prices...
In other words, if the Oil don't price above $52 really quick (which is the current maket expectations)... a lot of stocks depending on Oil, and already «massacrated» on the market will start rebounding really strong.
Investors have already discout the worst scenarios on Oil... I think...
So:
- The Oil continues rising = Already Discounted
- The Oil stops here and stays = Bullish
- Tje Oil Falls back = Very Bullish
Jesse Livermore
http://globalspeculators.com
DAL – Technical Analysis
Hello !
DAL has performed a nice move last week, breaking up the short term resistance, generating an interesting volume, and triggering some buying signals from momentum indicators (and Parabolic SAR).
Although, the main target of this rebound should be the 5.45 level, because that’s where the Mid-term descending resistance is right now.
The 4.53 level should also be watched as resistance level, responsible for Thursday negative reaction.
Take a look at my Technical Chart of DAL here:
http://globalspeculators.com/trading_futures/index.php?topic=50.0
I’m looking forward to see what will happen this week… because there’s a lot of potential on the air… and an upside breakout like this one with strong volume, sometimes is the beginning of a new trend… That would only happen, with DAL above 5.45…
Best regards,
Jesse Livermore
http://globalspeculators.com
I just turn bullish on XMSR....
The main reason is my last TA from 15/Aug/2004 (published here), where I talked about the pattern, and the upside projection of $31 if the pattern received an upside breakout.
Today the pattern is done
We got an upside breakout BABY !
$31 is the new target.... up, up & up we go...
BTW, I went long on the opening prices, my stop price is the short term ascending support, near 24.5
I have an updated, and anotated chart here:
http://globalspeculators.com/trading_futures/index.php?topic=36.0
best regards,
Jesse Livermore
http://globalspeculators.com
Buying Signal on NDX
Reason:
Breakup the descending channel
Target:
1422
Time frame:
short term
Cautions:
Resistance level on the way at 1372
Chart:
http://globalspeculators.com/trading_futures/index.php?topic=45.0
best regards,
Jesse Livermore
http://globalspeculators.com
SUNW – Falling Wedge Triggers Buy Signal
This is a Short Term Technical Analysis, taking in consideration some Long and Mid term references that are «near the coast»…
Overview:
Since late June, that SUNW is trading a Falling Wedge (FW) pattern. This is a Bullish formation, which goes against an important Long Term Support level in late July…
The Chart used for this SUNW Technical Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=44.0
Anyway… last week, SUNW performed a false breakdown of this pattern, which gave no specific signal since the FW only give buying signals based on upside breakouts.
Today SUNW closed above the top of the FW, giving a clean and simple buy signal for short term purposes (yesterday session was already a prediction of today strong day, with a nice hammer candle providing «backup» for the buying power that we witnessed today).
The target of this pattern is the 4.35 level within 1½ months. This signal is aborted only with a close below 3.60.
This short term target, have to fight with 2 other patterns from different time frames:
- The last long term support which is now a resistance, with reference at the 3.90 level
- The Mid Term descending resistance that is spotted right now on the 4.15 level
Besides this values, we also must have in consideration the ema50 and the ema200, that by coincidence are just near both the values I just mention.
So…. We have a pretty interesting chart here…
Who’s going win ? the short term target or the long and mid term patterns ?
Going a bit further… if SUNW really gets to the target, we would have another upside breakout, giving a bullish pattern for the mid term…. But… but…. Let’s focus on the short term…
Best regards,
Jesse Livermore
http://globalspeculators.com
TIWI Technical Analysis + Trading Plan
The chart used for this analysis has all the annotations about classical technical patterns, which by the way are the more accurate on TIWI historical moves....
Long term Alert:
Last week, the main support for TIWI bull move has been broken. I’m talking about the ascending support, that was protecting the stock since March 2003.
This important reference breakdown triggered a powerful selling technical signal that for itself is already everything…
But anyway, we should check all the other technical aspects of TWI in order to accomplish some conclusions…. Let’s look to the mid term and short term patterns…
Mid Term:
Since last February that TIWI is trading downwards, having successive lower highs on every rebound. This situation has created a strong pattern which is working since March, I’m talking about a descending Channel, with 3 downside contacts and 2 upside reactions. The last contact was on upside, $11 two weeks ago, so the next test should be on the bottom of the channel, which is the $6.65 level.
On the way, the last low was almost the same has the one before, so the $8.25 level has generated an intermediate support level that we should consider for the next days / weeks.
Short Term:
The last reaction on the $8.25 support started what could be a rebound… The momentum indicators were very oversold, and triggered short term buying signals (Dynamic Momentum Indicator).
Considering the broken long term support as reference (Long term secrets for short term trading), the target for this rebound (?) could be the $9.80 level with possible spikes to $10.50 (top of the channel)
In a more negative short term scenario, the $8.25 could be broken, generating a fast move directly to the 6.65 price level.
Note that both ema50 and ema200 are near the coast, and both acting as resistance levels…
The TIWI Technical Charts used for this Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=43.0
My Trading Plan:
I’m short since last week breakdown, using the $10.50 as stop level, and the $6.65 has target for closing the position.
If the short term rebound goes above $9.50, I’ll be reinforcing my short position until my stop level.
Below $8.25 I'll change my stop price, for a trailing stop of max drawdown of $0.75
My best regards,
Jesse Livermore
http://www.clubeinvest.com
XMSR - Long Term Technical Scenarios
One of the most well know quotes from the stock market:
«Don’t fight the trend… the trend is your friend»
And what about XMSR’s trend ?
By the long term chart, we can say that with trends like that, who needs more friends ?
Basically, XMSR is a mover… and also very technically obedient… In early 99 it touched the incredible mark of $50, less then 3 years later it was below $2… 13 months later it was testing the $30’s ….. Was this chaotic moves ? No way… they were very technical and predictable moves !
XMSR Technical Chart for this Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=41.0
This last move is still running, and it’s a major Bull market trend… very strong and with an important support (the long term ascending on the chart).
If we use the major Bear market since 99 to late 2002, we can see that the major reference (descending resistance) was the trigger for the reversal move, so we should take this as a clue for this Bull Trend.
I’m a short term trader, so it’s very difficult to me to point a target for this long term trend… What I can say, is that while XMSR is reacting positively on the ascending support, it will keep swinging up.
If we consider the mid term price range 20.50 / 31.00 , with an amplitude of 11$, and the hypothetical up target of the symmetrical triangle of $31, we can have a test to this values on the next months…
A positive break out of $31$ would target $42.50 (valid for 10 months).
This all crazy scenario would make sense in target, timing and anatomy… but… but… we have to many «if’s» on this scenario…. …. And the break down of the ascending support would project the stock to 20.50, and this values is also a very important reference (K-Reacting point), a break down of it would mean the same «minus» $11 move, so we would be talking of a $9.50 target (of course this would meant a new Bear Market on XMSR)…
This post is going long, and my conclusions are not much because of the «if’s scenarios», but I can leave my personal opinion on the subject:
XMSR would most likely continues it’s up trend then to reverse to Bear… at least for the next 6 months…
Hope that this post was useful in any way… it was also stimulating and «brain storming» to study this time frame.
Best regards,
Jesse Livermore
http://globalspeculators.com
MSFT Technical Update
MSFT has broken the mid-term ascending channel, and it retested this reference in a few sessions, giving the 27.75 level a resistance meaning for the short term.
This pattern projection is the 24.85 price level for the mid-term time frame.
The upside reference is a very aggressive short term descending trend line, this reference is making downside reactions on MSFT in the last sessions and since the end of July, and can be set has the main trigger for an upside move.
We can also set a new short term pattern, a Falling Wedge, which is a bullish pattern if crossed on the upside. So it must be checked on the present because we can have a short term buying signal, based on this. This pattern is getting really tight, and the upside value is actually near the high of today’s session (27.25).
Another interesting technical situation that I should mention, is the ema reactions on the short term. The ema200 as acted like a support, and the ema50 as a resistance, making this recent trading range a very technical one…
I’m a bit bearish for the short run, because the channel was the main reference for the mid term, and I expect the projection to be accomplished… Off course we can have a rebound, but always with the 27.75 level as a target and resistance.
I can only change my mood to bullish, if MSFT goes above 27.75 on the short term.
Technical Chart used for this Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=40.0
Best regards !
Jesse Livermore
http://globalspeculators.com/
KLIC Technical Comment (nice moves...)
Like many other stocks, this last week, KLIC quotes collapsed in a major Gap down…
$5.10 and $6.85 are the short term Key References for this stock, I guess that with a chart like this, and with the momentum indicators so near the zero line… it will have a rebound…
Just don’t know when… but the target would be the top of the gap at the $6.85 price level…
My Technical Chart for KLIC:
http://globalspeculators.com/trading_futures/index.php?topic=38.0
I don’t own yet any position on KLIC… but I’m looking forward to an entry point when the dust settles down…
Sure a stock to have on the watch list ;)
Best regards,
Jesse Livermore
http://globalspeculators.com
Exactly
One of my favorite patterns, right after the H&S
best regards,
Jesse Livermore
http://globalspeculators.com
AAPL Technical Update
Hi !
AAPL is on a Bull trend since April 2003, and it’s on ascending channel since last December, trading in a very technical way inside this pattern.
The main reference for this pattern is the ascending support, already with 6 contacts and positive reactions.
The medium and long term time frames are very bullish, but the short term time frame is having some difficulties since late June… The last 3 relative highs where down trending, making a new short term trend line, a descending resistance.
This situation is under control, but it’s very important to have in mind some important technical values:
- $30.50 (the ascending long term support)
- $32.50 (the descending short term resistance)
- $35.25 (the top of the ascending channel)
Overview:
With AAPL above the ascending support the Bull trend is under control, but a break down of this values could project AAPL to $26 price level.
The last contact with the support has generated a strong reaction, and also filled an open gap.
The next target for AAPL is 32.50 where I expect some reactions, but if it breaks this values, the way is opened to a new test on the top of the channel…
My Technical Chart for illustrating this Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=22.msg116#msg116
My opinion Right Now:
I'm moderated Bullish, because I see this last contact with the support like a positive reaction, confirming the long term pattern.
Best regards,
Jesse Livermore
http://globalspeculators.com
XMSR Technical Update
Hello!
XMSR is a very technical stock, in the last few months several patterns worked perfect creating great trading opportunities…
After a well succeeded H&S pattern in March/April, XMSR hit the downside targets on May, on a major big sell off…
Another pattern, with strong technicals that we should mention, was the breakout of the Descending Resistance (R(1) on the chart) in June, that almost made the upside projection on a very fast move…
Since then, it started to create an ascending support already with 3 contacts (positive reactions), the last one was last week, making a nice upside reaction…
On the upside, we can easily see the descending resistance line, already with 4 contacts…
Momentum, can be seen with the DMI benchmark, and it’s easy to watch the short term indecision around the triangle pattern, with the DMI pretty gluing to the 50 mid level..
It’s a bit early to talk about it… but this is a symmetric triangle, a pattern that can provide us a buy or selling signal, depending on what side will breakout…
Right now, the main key values are:
$26,60 (up reference)
$24,50 (down reference)
Note: That I have changed the ascending Support from the last Technical Analysis.
My XMSR Technical Chart:
http://globalspeculators.com/trading_futures/index.php?topic=36.0
This values would trigger the next big move on XMSR…. (Attention, because this values change every day, due to the leaning trend lines)
The projections are the $31 level on a potential upside breakout of the pattern, and the $20,50 level for a potential downside breakout of the pattern.
So, I recommend a lot of attention on XMSR for the next sessions, as the pattern is getting stretched…. I’m liquid and waiting a signal for my next move on XMSR…
Thanks !
Jesse Livermore
http://globalspeculators.com
CNDD - This is completely crazy !!
CNDD close yesterday at 2.51 (-73%), then opens today with a major gap down at 1.75… then start to rebound, and it closes the gap… and… it goes non stop to 8.45… now its quoting 4.15…. what’s next ????
This chart is not a long term chart !!! it’s an intraday chart with 5m candles:
http://globalspeculators.com/trading_futures/index.php?topic=34.0
Anyone have some ideia about this wild beast next move ?
Regards,
Jesse Livermore
http://globalspeculators.com
CNDD - Can we believe this chart ????
I've posted a few days ago the amazing rally and crash on CNDD stock...
But toda's charts are even more unbelievable:
http://globalspeculators.com/trading_futures/index.php?topic=34.0
From 1.75 to 5.56 in one hour ?????
Any one trading this kamikaze stock ??? LOL
regards,
Jesse Livermore
http://globalspeculators.com
TASR Technical Update
Hi !
The updated chart of TASR shows a new descending resistance, that can be tested today on the 27.75 level.
The major 25 support is working great since last February, already with 7 reaction / tests… If it continues to hold TASR will probably fly to the long term resistance level on 35.50 levels.
My last TASR updated technical charts can be seen here:
http://globalspeculators.com/trading_futures/index.php?topic=33.0
best regards,
Jesse Livermore
http://globalspeculators.com
INTC Technical Update
Hi !
This is only a short update to my last technical analysis…
INTC broke the descending support yesterday, and today’s highs are a re-test to that same support, giving some strength to the break point level (21.60).
I’ve updated my technical chart, and now I’ve projected a 20.25 short term price target, having in mind the last trading range, done after the big gap down.
Watch my Technical Chart updates here:
http://globalspeculators.com/trading_futures/index.php?topic=25.0
Momentum is slightly oversold, but with no price divergences.
Best regards,
Jesse Livermore
http://globalspeculators.com
Any news on CNDD ?
Anybody knows news about CNDD ?
What an unbelievable drop of -73% !!!!
Imagine the short selling that it could be yesterday...
best regards,
Jesse Livermore
http://globalspeculators.com
PMCS – Technical Analysis
PMCS is trading on the bear side since January… A very solid descending resistance has been the main technical reference since then…
In the last sessions, PMCS has mad new year lows, breaking the 10$ support, and opening the way to a price target near the 8.29 level ($10 minus the last trading range amplitude).
Take a look at my PMCS Techical Chart, in order to understand this analysis:
http://globalspeculators.com/trading_futures/index.php?topic=30.0
The $10 price zone should be considered the main short term upside resistance, and $11 the long term descending trendline.
PMCS is starting to be oversold, if we look to DMI we can spot it…
Best regards,
Jesse Livermore
http://globalspeculators.com
ADSX, Technical Update
Hi !
ADSX has been making some irregular moves…
In the last two months, it was trading inside an ascending triangle pattern, this type of formation is usually broken on the upside, generating buying signals…
This time, ADSX broke the bottom of the pattern (ascending support), and has generated an negative price target on the 1.85 zone (valid for 2 months).
The main references are:
2.40 – The break down point, now a resistance level
2.75 – the main horizontal resistance
2.03 – the short term / intraday support level
2.13 – the short term / intraday resistance level
1.85 – the main target of this bearish move
Take a look at the chart in order to understand this values:
http://globalspeculators.com/trading_futures/index.php?topic=29.0
I’m neutral on ADSX, waiting for a technical signal… or for a nice buying opportunity below 1.85
Best regards,
Jesse Livermore
http://globalspeculators.com
CNDD whats happening ???
Yesterday i said what an unbelievable up move on this stock...
Today, I must say again...
What an UNBELIEVABLE down move !!!
Any news on the street ?
my best regards,
Jesse Livermore
http://globalspeculators.com
SIRI, travelling on the support…
Hi !
Siri is testing the support level again, yesterday’s low (2.21) is being the intraday support level, but the descending main support is now on the 1.98 zone… waiting to be tested again.
Momentum is oversold on RSI indicator, and the long term pattern is intact.
It’s important to remember the 1.56 price target (projection of the broken long term support in June).
I hold part of my short positions, probably I’ll close some of it below 2.00 and leave the rest for lower lows…
PS: Take a look at my SIRI Technical Chart plan here, in order to understand this post:
http://globalspeculators.com/trading_futures/index.php?topic=28.0
Best regards,
Jesse Livermore
SIRI, closing half of the short position
Hi !
Today I've closed half of my Short position. SIRI was near my main target at $2.00 and I have to make some profit taking.
The chart is usefull right now, because we can spot the third contact with the descending support:
http://globalspeculators.com/trading_futures/index.php?board=3.0
This new contact can be the reason of the intraday up-move on the end of the session, and we cannot forget that the first upside reference is 2.45...
I'm wainting for tomorow, in order to know what I'm gonna do with the rest of my short position...
best regards,
Jesse Livermore
yep... but imagine, CSCO going to 17.50 or 16.75 before it closes the gap...
Impossible ?
no
Jesse Livermore
Yes...
It looks like a good trading plan...
Anyone planing to go long, expecting the gap to be filled ?
Jesse Livermore
CSCO and the Mega-Gap
It’s not quite often to watch a gap like this…
CSCO was trying a rebound movement yesterday, almost reaching the 20.50 price zone…
Today’s session was even a surprise to traders who were expecting some negative reaction on the resistance levels…
Take a look at my updated CSCO Technical Chart here:
http://globalspeculators.com/trading_futures/index.php?topic=27.0
Right now, we have an oversold momentum situation, and an huge gap down to fill in the near future… but attention… make no mistake… this gap WILL be filled… just don’t know exactly when… and this could be quite a problem on a ferocious market like this one…
For the next weeks, 19.87 will be the new major resistance level, and besides that I can only see the 16.75-17.50 price zone as new downside references…
I’m really glad, I jump out of CSCO a few sessions ago…
Best regards,
Jesse Livermore
LOL
Yes... I'm back... this time I don't go to the Bucket Shops...
Jesse Livermore
CNDD !!! Unbelievable Chart !
The 5 days chart is unbelievable:
http://globalspeculators.com/trading_futures/index.php?board=3.0
Jesse Livermore
yes... it's amazing
H&S needs volume on the neck-break-signal...
But, lets pay attention to RBAK...
bye
Jesse Livermore
INTC Technical Analysis (11/Aug/2004)
Hi!
Mid-Long Term Overview:
INTC is trading a long term bearish pattern, having an upside barrier very strong and deeply declined. For this time frame we consider the descending resistance as the main reference, which is right now at the 26.50 level, in complacency with the ema-200 on the same zone.
In July, INTC broke the bottom zone of a trading range, projecting a target of 22.50 for the short term, and accomplishing this same target on a few sessions.
Take a look at my INTC Technical Chart, in order to understand my analysis:
http://globalspeculators.com/trading_futures/index.php?topic=25.0
Short Term Overview:
INTC had a big drop on the last months, leaving an unfilled gap in the 25-25.60 area…
Last month, INTC tried a rebound, but the low are of the gap acted as a resistance level (25), and the bullish reaction stopped, causing further declines until now.
Momentum indicators have been oversold before the last rebound, being neutral right now on new lows… this could mean that INTC has more space to go down, or perhaps the declining is not totally done yet.
The main Key Values for INTC:
21.60 (descending support)
23.50 (short term descending resistance)
25.50 (gap resistance)
25.61 (gap resistance)
26.50 (long term descending resistance)
Resuming:
INTC is having serial problems with it’s Technical charts… Long term is bearish, and will change only if INTC breakout the 26.50 level.
Short term is bearish, but INTC is almost touching the descending support, and this could cause an upside reaction with targets on the first resistance zones.
Best regards,
Jesse Livermore
RBAK Head & Shoulders
Hi !
RBAK is trading a H&S (Head & Shoulders) pattern, being right now over the neckline reference.
The H&S is a reversal pattern, in this specific case, it could give us a selling signal, if the neckline is broken. Right now, the neck is on $4.85, and a breakdown would project RBAK to a $2.93 two month price target.
Take a look at my RBAK technical chart here:
http://globalspeculators.com/trading_futures/index.php?topic=24.0
There are also two upside references that we should mention:
- The short term descending resistance (5.30)
- The medium term descending resistance (5.75)
This values are the main upside reaction points for RBAK.
The H&S signal is not yet triggered, and the H&S pattern should be annulated if the second shoulder is tested.
Best regards,
Jesse Livermore
SIRI Break Support...
Hi !
Today SIRI has break the main support level (2.21), making a new year low, and opening road to the next support levels:
2.00 and 1.56
Take a look at my Technical Charts Here:
http://globalspeculators.com/trading_futures/index.php?topic=8.0
best regards,
Jesse Livermore