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Can anyone tell me. Is todays sym pennant that formed in ANW a confirmation of a point 3 in a new down channel. Or should I have held through and expected continuation and incr black. I know someone will say or think wait for the volume to tell you but what should I have assumed after todays...

Bought ANW today nice little move up after the FTT of the taped channel. Got out though cause I feel a point 3 could be forming.

Spyder, Padawan. I have posted my chart of STAR. Notice the very long lateral that has shown its head. Is this a solid example of a lateral formation/pennant starting after a dominant trend has established itself(the first increasing black) but then forming a non-dominant traverse on its...

In terms of BHS, I have it as all signs say to stay out or maybe even go short. If you notice the Stochastic 5,2,3 today it just passed 50 to the downside. That accompanied by the MACD turning negative as well as the FBO on the 28th of Feb and the increasing red volume that followed all say...

Got in FMCN. Good example of yesterday's bar(March 3rd) being a decreasing red volume bar even though its black on my chart. It had a lower high and a lower low than the previous bar. This is important because it allows for the confirmation of a R2R BO of my blue trendline. We'll see how it goes...

Haroki, what would the higher high, lower low higher low, lower high info show you with regard to the Guassians? Are you simply saying the fact that the March 2 bar in ASIA has a lower high and a lower low means the stock is actually experiencing incr red and therefore a BO of a channel...

I missed JRJC but I have it as a possible BO of an IT to LT channel(thick brown). You have a similar chart Haroki?

Looks like SOHU was the play today.

This is something that I haven't looked at but that baffled me today as a discrepancy in my indicators. I follow Unusual Volume namely %Vol. According to the Unusual Volume chart, 60% of the 65 day average volume is considered hitting FRV. I have been using the %Vol indicator in Quotetracker for...

RWT had solid little breakout this morning and a signal with Unusual Volume but it plummeted back down. I didn't get in but if I had Id be pretty upset. How do we avoid these situations. Is there something you can see coming..

Also a lot of the time a pennant will form or lateral right at a point 2(top of the channel) and then the stock will change after the pennant and head for a point 3. I was led to believe to hold for pennants and laterals but this is obviously not the case here.

Question about pennants and laterals. How exactly are you sure the direction for continuation when a pennant or lateral forms? A lot of the time in stocks a pennant will form and there will be a lot of clutter before a meaningful move is made again. What is a good rule of thumb for deciding...

SNDA also had a solid breakout today. Anyone catch this using any indicators besides Guassians and channels(beginner and intermediate signals)?

Got into LXU today towards the end of the day. Was in Dry Up and hoped it would hit FRV which it didn't but it also had the makings of a Bruno R setup. Hoping to see increased black tomorrow but watching for decreased black in which case Ill immediately get out of what should be a non-dominant...

Didn't see much today. I'm posting a chart of STAR which has many issues and hoping someone posts a comparison chart. I'm trying to nail down how to deal with all the laterals and pennants I see on equities charts and how to deal with them. Comments appreciated

Haroki or Anyone for that matter, In my chart of DSL I have two laterals. First off, are they correct? Second off in the circled area is it correct to widen my channel from the blue to the white channel because of this lateral movement?? Third the red bar in the square, is this a Formation...

SFLY is approaching FRV today. I've attached the chart with annotations as far as I can take it.... even with my new knowledge from annotating E- minis charts. The four areas that concern me are the four I have circled especially since in the first one a B2B occurs(prior to it) then really...

As Ive been annotating the E-minis chart, Ive run across two things. One is an Outside Bar and the other is a Formations FBO.I have searched for both and cant seem to get a definition on either. When I see Formation FBO it leads me to believe there is also a Formation BO. What's the difference...

Spyder, On second look it does not look like an ideal FBP. Are you pointing out the fact that the increasing red volume(highlighted in green) BO confirms it was an FBP??