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You definitely spread out your "company exposure" by doing this, but a couple of things that I might suggest you consider that you may already have thought about are..... 1) Sector exposure (if they are all in the same industry...the diversification (for the most part) is futile. Consider...

Thanks...its up to the probability gods now...I got my stop in.

I'm now short AMGN with a stop above the double top on the 30 min chart around 70.40ish. -D

AMGN hit the 1.618 Fib extension level of the Bearish Butterfly pattern from the daily chart that I posted a couple days ago. If this pattern "fails" on the daily chart then we could see a good chance for this stock running up through the larger time frame resistance from 70 to 75. If it holds...

This is a great community to be involved in...but look out, that Landry is a wild man! :)

This uptrend has been marked with about 8 countertrend declines since the beginning of this year. Those declines have ranged from 2.5 to 3.5 points. If we hold this "symmetry" of corrective declines and do not go below this "symmetry zone"...that would be healthy (imho). However, if we go below...

I have not...However, BGEN recently triggered long off of a Bullish Gartley against Fib price support on July 1. -D

I'm here. Why would I get a spam warning? Just trading. -D

Hi there. Those Fibonacci price "zones" are created using past swing high and low points from the chart. The ratios I use are .382, .50, .786, 1.272, 1.618. You're right there are decision zones at various places on charts. However, my strategy only trades a zone when there is a pattern at one...

Hey Mike...to answer your questions. 1) Yes I am swing trading with these techniques. 2) Sometimes I am fading correct, but many times I will find a Gartley or Butterfly for example (and other patterns) within the context of the current trend against a Fibonacci price zone. I'm not saying...

...and here's the daily chart

OK...here's the weekly chart

This is my first thread on Elite Trader...Anyway, put together some interesting charts on AMGN. Thought it might drum up some conversation. Here is a summary of my thoughts on the attachment: 1) The last two major swing points July 2000 (Major high), and July 2002 Major low. Here we are in...

The debate of technical vs. fundamental will go on forever. I think both camps have positives and negatives. Personally, I'm in the technical camp....However, I think the trump card in this entire debate is Risk Management. Without proper risk controls in place neither system will ultimately...