Interesting Chart Patterns To Monitor In Coming Days...

[PRH]

December 16 update.

Today's activity:
Stopped out of ALK 31.93 (long from 32.28). Loss 0.35

Tonight's scan for XTL Continuation trades shows:
Futures: Natural Gas futures XTL Continuation sell.
Stocks: none

We will not take any new trade around option expiration and in front of a major holiday.

We will now take a break for the holidays and re-examine the markets and attempt to identify limited-risk trading opportunities with Advanced GET and simple trendlines in January 2005.

Happy Holidays to all.

PRH

PRH

[PRH]

Quick note on the futures:

Take a look at the long side of Rice (RR) and Milk (DA).

Good luck.

PRH

[PRH]

Chart for Rough Rice below. We may be at the beginning of a new trend to the upside. Same comment for cotton.

PRH

[PRH]

Here is the Milk chart (DA). This does not qualify as a type 1 Buy since the PTI is too low. However, it is possible that the market runs up some on current momentum. I found the use of TJ web levels helpful in marking a profit target, especially the "windfall profit" type. Our position is long from 13.70

PRH

[PRH]

I have followed CME for a while. Below is a hourly chart with daily web levels from last night projected on the hourly chart. CME retraced 61% of the previous swing, bounced off that level and runs into the TJ Web resistance. Very useful tool.

PRH

[MR]

I bought some stocks today.... Three are airline stocks: DAL, CAL and FRNT.
Below is a nice Type 1 Buy setup illustration for FRNT. Holding long TASR, SIRI, Q, ATVI.

[MR]

This is a special time of year. Our family prepares to
celebrate Christmas this coming weekend.
Whatever you celebrate, I would like to take this
opportunity to wish you all a very special and joyous
time this holiday season! Remember to get needed rest!

Marc

[dloomis]

You too Marc!

And the same to all of my friends in the eSignal forums.

[PRH]

Nice post Marc - and great selection of stocks!

Merry Christmas to you and your family and to all Happy Holidays of your choice.

PRH

[MR]

got out of SIRI today.... it appears to be entering a Wave 4 pullback which is too risky to hold newer longs right now. If it breaks down a couple more days it will become more evident. It could still be ok, but I don't want to take the chance right now. Will track and see if it sets up into a Type 1 buy someday next year.

Best wishes to you all for a very Happy New Years.

[MR]

type 1 sell example

Attached is BDY, a sample Type 1 Sell setup. Good PTI, W4 Channels useful, Short Ellipse arrives (W2 to 3 calc), W4 channels broke day before yesterday's weakness.

Have a nice New Year everyone! Good trading.

[MR]

Nasdaq doesn't appear ready to stop profit-taking yet, does it?

Regards, Marc

[MR]

BDY update

Here is an update chart for BDY post. So far so good, as it seems to
still be working lower to our possible MOB target zone.

[MR]

Here is another trade idea not taken because of problems
interpreting variable data not adjusted for a split.

[MR]

The daily is helpful for setting up this Type 1 Sell setup, but the variable data
is of very little value because it, too, is not adjusted for a recent stock split....
(see below)