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TurboTrader

Junior member
14 0
QCOM at a precarious level. On the 13 min. it bounced between the two prior low (bottom of the tails on the daily chart). On the weekly chart, the intersections of the short and long term (2 years) regression lines and channels comes in at 21 by early June (doesn't mean it's going there, but she's in a severe downtrend).
 

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TurboTrader

Junior member
14 0
Nasdaq 100 4 min chart target

Here's a "Gartley 222" pattern with a downside target, derived by cloning the line indicated (same angle, and twice the distance). These patterns seem to reoccur with regularity, giving a measure of order out of chaos.
 

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TurboTrader

Junior member
14 0
Ex-Enron Analyst

Homeless Day Trader, used to be an Enron Analyst! He had a buy rating on it til the end!
 

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TurboTrader

Junior member
14 0
Of course, I post the link in text. This is a nice formum for posting charts, unless you know of another.....
Francis (Turbo)
 

TurboTrader

Junior member
14 0
Pattern Failure

See Active Trader Magazine, March 2002, p. 44, "Trading Inside Out."

"When a normally reliable pattern fails, the market usually makes a significant move in the opposite direction. The failed signal is actually more reliable than the original signal."
 

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TurboTrader

Junior member
14 0
This chart was included in our newsletter for this w/e.
 

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