Technical Trades
Technical Analysis applied to Stocks and Futures.

Stalk the ‘c’ corrective to target 5. Stop as noted.

Further to previous charts mentioned on EBAY (HERE, HERE, and HERE), intraday fuzzy C resistance highlights a great place to short with tight r/r. One might target gaps lower on the daily chart, as previously mentioned, or considering the risk of only $0.15 or 0.57%, target 10 times risk, or $24.72 for +5.7%.

Posted entry and current chart with about +12% from near perfect entry.

The chart says bias is short. Stop on bias noted in chart. Frankly, YHOO looks like toast. Stop on bias is above 30.00.

Previous chart with 5 count projection has come to fruition.

Further to this 1st chart I posted in May, one can see the power of the count…the value of a corrective C failure.
CHART 1 - BEFORE C FAILURE

CHART 2 - AFTER C FAILURE

You can find my original post in the ARCHIVES for May 2006 (do a control+F to find “DXPE”)

Further to THIS BEARISH POST on July 16 (highlighting very bearish band action) one can see that what has followed is continued bearishness and the gap down in August. That action is a futher display of bearishness, with price once again closing below the lower band. Short positions from that $8.00 area […]

On August 3 THIS POST detailed the Bull vs Bear pair of EFA long and PARL short. Today, 6 weeks later, the profit sits at +22.25%. You will recall that on August 11 PARL gapped down on high volume, and sent the pair profit to +22% that day.

This chart with […]

Further to THIS POST on August 16, the SM short is working wonderfully, at +12% since the post.

SHS breakdown and in a 3rd impulse down. Also just failed a fuzzy C support area.

Earlier short bias call proves correct for -4 points I see.

Earlier short call on Monday wee hours…..and the subsequent +9% move:

Further to long call, moved about +7% in 4 days.

Further to PREVIOUS POST for KFX, the short side trade workin’ out nicely at +25% since the call.

Hilarious collection of fishing broadcast mishaps and misadventures. This guy needs to focus! lol