Archive for November, 2008

A closer look at RIMM

When i was thumbing through some charts I came across RIMM once the darling of the NASDAQ which has provided me with some food for thought or rather research. Here is what I found out and I would love to hear your thoughts. First lets look at the charts, on the right is the Daily.   [...]

When i was thumbing through some charts I came across RIMM once the darling of the NASDAQ which has provided me with some food for thought or rather research. Here is what I found out and I would love to hear your thoughts. First lets look at the charts, on the right is the Daily.   We can see:
continue

JPM Added to Short Watch list

I am getting ready to Short JP Morgan.  If my count is right this share is in its 4th wave now and price wise this 4th wave should be coming to an end soon.  A golden rule of the 4th wave is that wave 4 cannott impinge on wave 1.

I am getting ready to Short JP Morgan.  If my count is right this share is in its 4th wave now and price wise this 4th wave should be coming to an end soon.  A golden rule of the 4th wave is that wave 4 cannott impinge on wave 1.
continue

Fib ” System ” from initial research.

The Expansion Ambush
Here is another interesting chart on what im calling Range Expansions. The  more time in the range the futures seem to stay ( or the more trading time has passed ) the more valid the 1.618 extensions are. Take a look at this 70s  chart of the overnight e-mini action . Notice how [...]

The Expansion Ambush

Here is another interesting chart on what im calling Range Expansions. The  more time in the range the futures seem to stay ( or the more trading time has passed ) the more valid the 1.618 extensions are. Take a look at this 70s  chart of the overnight e-mini action . Notice how it stayed in the 850 843 range for a good few hours. Expanding that range outwards gave us a topside target of 854 and a downside target of 840 . The pivot is 839 in this session.

continue

Mixed Bag

Ben it seems can print money faster than people  can sell for now but as he does his victory lap during the Santa Cluas rally it will be a case of watch out behind you or is that below ?
I will now be getting ready for some action to the longside but did go short [...]

Ben it seems can print money faster than people  can sell for now but as he does his victory lap during the Santa Cluas rally it will be a case of watch out behind you or is that below ?

I will now be getting ready for some action to the longside but did go short yesterday via SDS and SKF , MEN and COGT for a quick swing trade but i dont see us punching out new lows . My time today will be spent flicking through charts looking for decent longs. Note to self , why is it that im only doing this now ?

The other thing i have been researching is when symetrical triangles fail to break out to the side of entry.  There has been much banter about 5th Waves and it does appear that 5th waves ( the one you get just before a reversal ) can come in the form of triangles which fail to break to the direction of entry. The Yen has continued towards 96 as per my post yesterday but I have to stand back and dig deep into the library now to see what the telltale signs of a triangles failure as a contiuation are.

Im also going to study  ” Island Reversal ” patterns , a classic example of which is to be seen on Citis daily chart if looked at on the 30 minute time frame.  I shant be rushing out into a long on this one but will focus on the telltale signs of a throw back or failure of this pattern.