Interesting Chart Patterns To Monitor In Coming Days...

[MR]

Here is a very simple current GC#F daily chart, or how I am
looking at it from a trader's point of view. - marc

[MR]

Feeling confident of KRY daily chart's potential the rest of this year....
(see attached chart)

[MR]

Here is a picture of what I was looking at when I decided to buy 1,000 shares of TSCO this week. I have seen a lot of charts over the years, and the weekly Feb 3rd breakout of one year of orderly Wave 4 correction, to me, was a bullish sign. Since then, we had a month to consolidate. When I looked at a time frame between a daily and hourly (240 min) I became convinced this one was worth an aggressive buy. I see it as an internal Wave 4 ready to go up again. If I am correct, 42 to 41.30 should hold now and we should attempt to another rally. I will show you soon a similar pattern I posted here last year. Check out and see what happened with it. It is encouraging...

[MR]

Here is the pattern matching example I was talking about earlier today.
There are no guarantees the same result will happen with TSCO that
happened with IMO. At least it makes a good educational example
of the pattern matching concept. - marc

[DuaneG]

I haven't posted in this thread for a while, but I wanted to illustrate a pattern I've been following for a while now. This a daily chart of BPT. The initial analysis was done in late December of '04.

All in all, the oscillations were a little sloppy, but the breakout was sound. As always, thoughts and comments are welcome.

December 26, 2004



March 9, 2005

[gelfont1]

Duane, Nice pattern, I would be interested in finding similar patterns that are currently forming, any goo d ideas out there would be welcome, is there a formula to ge the green zigazag lines in esignal? Or did you manually draw them?

[DuaneG]

Hi Gelfont,

Thanks for the comments. In regards to tracking down these types of patterns, I usually review about 4000 to 5000 patterns a week. I usually don't spend more than 5-10 seconds on each one. My paranoid nature of missing a good pattern has me looking at more rather than less.

The lines on the pattern were drawn in manually to highlight the intra-pattern oscillations. I don't know of any EFS studies that would do this sort of thing, but I'll keep my eyes open and respond back if anything comes up. Thanks.

[DuaneG]

During my weekend research I like to follow up with some of the ideas that I've been working with....Here's another...As always, these are examples and for educational purposes only...Have fun.

BOOM January 02, 2005



BOOM March 13, 2005

[MR]

Duane,

Nice charts and good work! Just curious, could Advanced GET tools or studies helped you trade these setups in anyway?

[MR]

Jay,

Here is an update on CMCSK. It's the best current stop I can think of....
(I captured the image before the market opened.)

Hope things are well with you.

Marc

[MR]

TSCO is looking like it might want to test the gap, maybe cover it before working higher again? Defensive a little right now.

[MR]

Tom,

I wanted to review your previous two posts on ODP (Office Depot) and thank you for posting
them here back in December.... Here is a captured image of the first....

[MR]

Tom,

Here is a captured image our your ODP (Office Depot) update back in December....

[MR]

Tom,

... and finally, here is the recent update picture of ODP (Office Depot).... the only idea I have
that might have helped you stay in it longer would be if you used a normal ellipse in a pivot to
pivot application. It isn't a standard technique, but it does work a lot of times when trying to stay
in a continuation.

Take care, and remind me when we get a Type 1 buy setup in this stock... might be interested.

Marc

[MR]

Duane,

Remind me when you see a Type 1 Buy setting up in BOOM. Might be interested.
Thanks!

Marc