Trading Strategies and Tips

[FibbGann]

Closing the short on the "Chart of the Week" for $3.78 profit.

[FibbGann]

Chart of the Week "XOM" Date:07-11-04

XOM is making its second attempt to take out its 52 week high. Keep an eye on
oil prices to see if it can be a catalyst for XOM to break out.
Entry trigger Long: A close above $45.70
Targets: $47.30
Above that we will move our daily stop just below each days low.

[FibbGann]

Just wanted to let those know who follow this thread that I am not posting much if anything lately. I just don't want anyone to take the risk in these lovely markets on ideas I may have.

When the market gets a clear head I will resume.

Hope all is well!

Fibbgann

[FibbGann]

Watch the Semi-Conductor index ($SOX) over the next week to see if we can get any volume to bottom it out near all this support. This would be a key helper in getting the market to push higher after a breif pullback.

[FibbGann]

The bounce in the $SOX lead to some nice 2 day profits in semi-conductor stocks.

Have a great weekend all!

[theplumber]

Originally posted by FibbGann
Watch the Semi-Conductor index ($SOX) over the next week to see if we can get any volume to bottom it out near all this support. This would be a key helper in getting the market to push higher after a breif pullback.

I'm no chart expert but isn't that an inverted head and shoulders in the $SOX?

[FibbGann]

If it is its an ugly one, but I have seen ugly ones before.

Love the quotes by the way.

[FibbGann]

Spoo's

Heads up on this bearish divergence, Also keep and eye on the internals of the market. Protect those profits from the upside.

[FibbGann]

I am still short on these ES #f due to the divergence and resistance shown below. I have not posted as frequent as I used too, but all good traders need a good long break sometimes. Expect to see me back with a vengeance in late October early November.
I will be posting all my swing trades, Charts of the Week here and at my place, (more than likely both) and possibly be commenting live on all my S&P E-mini trades made Intra-day, If I can figure out a solid stable format and program to use.


Short target on Spoo's is 1107.75

Until then,

Fibbgann

[FibbGann]

Closed short position on the Spoo's 1107.75

[Enlighten]

Way to go fibbgann

[FibbGann]

Originally posted by Enlighten
Way to go fibbgann

Thanks, Michele

I am working on the chat log suggestion right now.

Fibbgann

[FibbGann]

Alot of positive divergence to watch, with a big hammer today.
Possible deformed head & shoulders. Dow powered back at end of day to hold its support area; 1.38 Fibonnaci retest of break-out.

Brief and precise, just the way I like to keep it.

[FibbGann]

Watch for the turning point short on RIMM. I love when I see candles like this on a weekly chart.

[FibbGann]

Bleed RIMM bleed! Will cover half @ $79