Interesting Chart Patterns To Monitor In Coming Days...

[MR]

PS-- preferably something cheaper in price....

[MR]

Would you buy BP today, stop below yesterday low, target close to previous high?

[MR]

Would you buy CKR here, again, our would you wait until lower? ( I bought and sold it for a small profit last month).

[MR]

Would you buy PAAS, stop below 13, target 15 or higher?

[MR]

Would you buy QQQ here, stop below today's low, target 34.50 or higher?

[Catano]

Hello Marc,

can you build a chart for the QQQ Strategie? What timeframe?

Viele Grüsse Catano

[MR]

Catano,

Looking at a 30 and 45 min QQQ idea.... just thinking out loud is all... next pullback to as low as 32.50, then stop loss below thought?

Honest, I really don't know, just seeking genuine feedback and ideas because if we hold here in next few days, can see potential building for 'oversold' rally's. It just dawned on me... i don't want to sit here and watch, i might want to make what I call a "little lunch money trade." (meaning, a quick trade for a smaller profit objective only)

[jims_id]

Marc

Marc:

Check out GOT and SEN. Both stocks are trading (as of yesterday) sub 5.50 range. They came off my favorite scan. Haven't checked the elliot count on either.

Current quote:

GOT: $4.44
SEN: $5.35

I haven't traded these personally.


Best of luck.

Jim

[MR]

Is GT still a buy, stop below say 10.30? Looking at an 120 min time frame. Target 12 or higher?

[MR]

Is DHB, 30 minute, an aggressive pullback buy between 12.08 to 11.75, stop loss below 11.26, target approximately around 14.00 to 15.00 area?

I only ask here because back July 14th I like the stock. It has retraced nicely in Aug. Is it a buy in this general support area for aggressive traders, if your target is only a couple bucks away?

(Reason why I ask these questions today, is I am a slow, methodical thinker, and not naturally good at thinking quick on my feet... so questions are genuine. Looking for real feedback from smarter people out there.)

[jims_id]

Marc

In my haste, I didn't read your desire for a "quick hit" (1-2 weeks). Please ignore my suggestions re GOT and SEN. It probably will take longer than that to make hay on those stocks (if they are haymakers).

Sorry for the lapse in reading.

Regards,
Jim

[MR]

Jim,

Thanks, appreciate your participation here. Will get back to you later today on the earlier question... thinking it over.

Marc

[DuaneG]

I came across this daily chart of URBN during the course of my weekend chart browsing. Looked pretty interesting so I felt compelled to share.

[MR]

Thank's Duane!

[DuaneG]

Hi Marc,

This is one that I have been watching for a few months now. Finally starting to move in continuation with the Wave 3. The volume wasn't extraordinarily unusual, but 3.8 million shares is nothing to sneeze at.....I guess we'll wait and see.