Friday, January 25, 2002 8:19:52 PM
QCOM - Daytrade Kit
Works pretty much all the time for NVDA/QCOM/CCMP and lately the biotechnology blimps like GENZ, IDPH and DGX.
Without a gap
With a gap up
Variations on this "recovery" can be in the 3 bar reversal pullback. The point here is that there is usually a gap down, perhaps up to 3 bars of "exhaustion" move and then a recovery. The beauty is that the downtrend on the daily chart is rarely touched.
Swings, agree these charts are only for intraday longs in the technology sector. QCOM works very good off a 15 minute chart and bounces off the 50 or 20 period moving average. But the Salsa flavor of a SWING short (or puts) can't be beat.
Works pretty much all the time for NVDA/QCOM/CCMP and lately the biotechnology blimps like GENZ, IDPH and DGX.
Without a gap
With a gap up
Variations on this "recovery" can be in the 3 bar reversal pullback. The point here is that there is usually a gap down, perhaps up to 3 bars of "exhaustion" move and then a recovery. The beauty is that the downtrend on the daily chart is rarely touched.
Swings, agree these charts are only for intraday longs in the technology sector. QCOM works very good off a 15 minute chart and bounces off the 50 or 20 period moving average. But the Salsa flavor of a SWING short (or puts) can't be beat.
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