Replies to post #19233 on ETF SWING & DAY TRADING

[Torqputty]

Freemarkets and ALL re; IPS and RS charts,

i could only identify patterns for IPS & RS,
and if tradeguru calls matches your personal t/a, run with it,
this is my opinion from a symmetrical trader, training in-progress

1, IPS showed a symmetrical Sept-Dec low 58.50 to breakout at 75
gives you a target of 91.5 and i thought your stock was done at 92,
then another symmetrical formed Dec to mid Jan with a target of 96.50
your buy dates were were approx Nov 21 and Jan 23
in my opinion this one is done

2, RS shows higher lows Aug-Oct with a break out at 54 in late Oct,
i have no price target or final call, but if you see that Aug-Oct pattern
and you get a break-out, jump all in, i can identify with higher lows,
BOOM did that higher lows thing back in Jun-Aug 05

lol and happy trading

IPS


RS