Followers
Tuesday, June 30, 2009
Be Ware Of Popular Patterns
Today i got several emails asking me what i thought of that Head And Shoulder Pattern taking shape on many index charts. I have only one thing to say and that's BE VERY SKEPTICAL WHEN EVERYONE SEES THE SAME PATTERN. Check out this post i did on my blog a few months ago where in mid APRIL many people were calling the top to the rally due an OBVIOUS rising wedge on many indexes: The market will rarely hand the majority what they looking for. Let's see if this time will be different, i got a hunch it won't but i will the charts be the ultimate decider!
I Titled the post:
A Very Popular Pattern
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(543)
-
▼
June
(50)
- Be Ware Of Popular Patterns
- Are You Seeing The Ball Right?
- New Swing Trading Setups
- StockTwits
- Check Out FUQI!
- Long Setups To Watch
- XLE & ERX Bear Flags
- Art Of Trading Service Performance For Week 11
- What Is MACD Separation?
- SOLD JAZZ For A 47% GAIN!!
- Feelin JAZZy!!!!
- Art Of Trading NEW Official Website!!!!!!
- NDX and ERX Setting Up
- Game Changer
- The Line In The Sand
- Rally In The Brewing
- Art Of Trading Service Performance For This Week
- Why Are You In A Trade?
- Solars Setting Up In Holy Grail Patterns
- How About That FUQI ???!!!
- That's What I Call A Winning Trade!!
- Major Improvements Coming Soon!!!
- Holy Grail Setup
- Short Setups
- No Buying Interest Today
- Index Chart Updates
- Art Of Trading Service Update
- Index Charts
- The Art Of Trading Alerts Service Performance For ...
- Weak Selling Forces
- Don't Ignore This Chart
- LONG SETUPS
- "Predictable" Volatility
- LONG CBAK at 3.45
- TZA Trade Taken Today
- The Art Of Trading Service Performance Over The Pa...
- CNXT Setup
- Dollar Reversal and Weakness
- VXX Potential Double Bottom
- Bulls Holding The Indexes Steady and Basing Near H...
- The Art Of Trading Alerts Service Performance For ...
- Another Great Testimonial From The Art Of Trading ...
- IYT Cup and Handle Formation
- Sell Signals Negatated
- Turbulance Ahead
- NYSE Holding Support
- SOX At Support
- ABAT Setting Up In A Tight Coil
- Stocks Setting Up In Nice Patterns
- Hilarious!!
-
▼
June
(50)
Cool Traders/Sites
- ART OF TRADING Premium Site
- Charting Trends blog
- Denarii
- Finance Trends bog
- It's Gold
- Keep Unread Blog
- LaserTrader
- momentum trader
- My Trader Interview
- Mystic Stocks
- NYC Trader
- Rant About It Blog
- stock rook goes pro
- Stock Virtual
- StockPursuit.com
- The Market Guardian
- thecrosshairstrader
- Todds Trade
- trader market blog
- Trader9999 blog
- Trading Momentum blog
- Trading With Average Jay
- Wall Street Warrior
7 comments:
I look at that and see a "Pammy Cup" i.e., double cup and handle. Very bullish pattern. Pammy refers to Pamela Anderson btw.
pam anderson bottom? hmmm, i like the sounds of that technical pattern! :-)
hi stewie,
would like to know your thoughts about short squeeze, how do you play it. do you look at short ratio and then good news will trigger it.
thanks
Bill
Took your CWTR trade. I like it.
sweet txchick! i took a 5% gain at 6.46. My target is $7 if you have more patience than me. but i always like to book gains.
hi bill, i do not "look" for a short squeeze per se. but if i do, i usually just get board even if the stock is already up a lot and ride the momentum wave. look at FUQI for example over the past 3 months. 13% short interest:
http://shortsqueeze.com/?symbol=fuqi&submit=Short+Quote%E2%84%A2
Pammy cup ...lol. Is that Tommy's 'head' in the middle ? rofl...
Post a Comment