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You short the bar after the Point One (as you have drawn on the chart). Why? The Point One is also a Point Three (downtrend) from several bars back where we see an FTT (Failure to Traverse). Can you see it? Move backward from the point One (Three in this example) to the point two (not drawn) and...

Went out and watched Talladega Nights: The Ballad of Ricky Bobby tonight, and I must say, I found the movie quite amusing. Will Ferrell movies can be hit or miss (Anchorman), but I think most people (NASCAR fan or not) will like this movie. I'll even go out on a limb and predict the movie scores...

Thank you for your contribution to the discussion. Your ability to articulate with such an extensive vocabulary remains an inspiration to the rest of us. - Spydertrader

These look pretty good to me .... - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1156740>

I'll find out the planned release date for these additional camtasia videos during my trip to Arizona, and report back here upon my return. - Spydertrader

I head to Tucson, Arizona again next week returning the following weekend. Until then, enjoy the weekend, and Good Trading to you all. - Spydertrader

Attached, please find the Daily Chart of NEU. Notice when price falls below the previous day close, we also have a diverging (downward) Stochastics (14-1-3)falling below the optimal 'Hold' threshold of 80. We also see the same pattern with the Stochastics (5-2-3). These signals can provide you...

Stewart phones Bowyer, but fails to apologize. - Spydertrader

Scaling out might help you - especially during these summer months when volatility normally drops off the face of the earth. With respect to your GIGM trade, you do realize you have entered significantly later than normal. Price has already moved 5%. Just something you might want to monitor...

Champ Car driver injured after hitting deer - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1155108>

Moved to Friday, August 4th - Mideast crisis will air tonight. - Spydertrader

Final Universe Additions I have added ALJ and KNOT to my Final Universe. - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1154138>

A long first candle (See attached NEU 30 minute chart) does not constitute a 'gap' in price. No candle present (or a large space) constitutes a 'gap' in price. Again, playing the 'gap' stocks requires more experience than normal beginning traders possess. One needs to determine the odds of a...

Richard Petty to appear on CNN's Larry King Live Thursday at 9:00 PM Eastern Time - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1153744>

Some great information contained here. Thanks to those who contributed and to aweissen for sending me the link. - Spydertrader

Just for comparison, GMXR also announced earnings today - about the same time as IPSU. See the attached 30-minute chart of GMXR as an example of what can happen around Earnings Release time. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1153183>

The prudent path with respect to trading on Earnings Releases depends on your tolerance for risk. Looking at the IPSU chart (See Attached), one has the impression certain individuals had information earlier than others. If you decide to trade Earnings Stocks (either before, during or after the...

IPSU Earnings Call Today. - Spydertrader

Waiting until 11:30 AM Eastern Time for an LBDU Volume trigger created too many False Breakout trades. As a result, we moved the LBDU Threshold back to 10:30 AM. 8888broc has tested adding actual volume levels exceeding Average Dry Up Volume levels by 11:30 AM (in addition to LBDU by 10:30 AM)...