RE: US Stocks - Watchlist and Discussion (Premium)
(2014-05-09, 09:58 AM)shaunattwood Wrote: SYMC is going to pop up today on its earnings, if it reaches 21, would that be Stan's short sale point B (page 229)? it appears to have formed a massive head & shoulders last year and these tech stocks are showing a pattern of jumping on earnings and then selling off sharply
It looks like a very good example of a pullback to point B within early Stage 4A on the weekly, and looks to have stabilised, as can be seen clearly on the 2 hour chart, which is forming a large Stage 3 pattern and is close to breaking down. So personally I'd be looking for a potential entry on the breakdown to Stage 4A on the 2hr chart which would be a close below the horizontal trendline that I've highlighted on the chart.
That's how I'd play it, but I know you tend to be more aggressive with your entries, so good luck whatever way you decide to play it.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.