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XLF financial spydr ETF bullish "bat" pattern . Stop needs to be below point X at 34.00 so risk is clearly defined. Good way to play financials. This is based on the pattern NOT fundamentals.

BB, good catch on that Gartley pattern, my software did not catch it but a Gartley just the same. Your stop is 1562 (point X) and you are looking for this to take out 1577.50 which it did this morning and is now trading at 1583.00 area The Gartley is a powerful pattern

This trade is busted on the "GREAT" economic outlook from the Fed minutes. This is why we use stops

There is a pattern called 3 drives to a top. From point 1 to 2 note the 1.618 fib extension and again from point 2 to 3 is a 1.618 extension. if the Daily ES can not stay above 1573.25 then there can be significant downside from here. Now today we managed to get to 1570.00 and sold off hard...

All Allstate may be in trouble here. Mr Gartley has revealed himself. this is a bearish pattern. Stop should be placed above X. As stated in my previous posts I usually do not know any of the fundamentals.

AIG has run into Mr. Gartley on the Daily chart If you have been itching to short AIG this is the place. To give this room your stop needs to be above point X (73.00). This is a Bearish Pattern.

UTH Utility holders ETF is showing a bearish "crab" pattern. stop should be above D

if anyone trades the EWJ ,Japan ETF , we have a bearish "bat" pattern that triggered on 10/05/07. If you short this, your stop needs to be above point X (14.80)

Took another look at my 60min ES chart this morning and I will stand on the Elliott Wave simple correction possibility off of this last push up which was a short signal at point D. The target areas to the downside are 1524.50 area(1.27) and/or 1519 area (1.618). i expect a bounce/or...

What manufacturing is even left in this country???? US luxury cars are selling well in china but plants in MI still closing. there is virtually no clothing manufacturing done here anymore. Small amount of boots and shoes are made here. We do have quite a dilema or conundrum......we need to...

PEOPLE, DISCARD THIS 60MIN ES POST. i DOWNLOADED THE NEW E-SIGNAL 10.0 ON THE COMPUTER i USED FOR THIS POST AND THE CHART IS DIFFERENT ON MY OTHER COMPUTER WITH THE OLDER VERSION SOFTWARE

using my limited knowledge of elliott wave theory, we look to be in the middle of a simple zig zag correction on the 60 minute ES chart,which can complete at about 1524.50 (1.27 fib). this does not mean right now or even today but could be today or Monday, which should then bring us back up

here is the conventional inverted head and shoulders(bullish) and adam, adam double top (bearish) for QQQQ

QQQQ 60min Bearish butterfly. 50.00 real key area here. 3 bearish patterns here. Is the QQQQ trying to tell us something?? I am not opposed to conventional patterns. The QQQQ is showing an inverted head and shoulders pattern on the Daily chart that is Bullish as well as a Adam, Adam double...

ES 60 minute bearish Butterfly pattern

No, I do not have anything like that. I have to pull up each stock and my syudy will find the patterns based on my Fib parameters . the study is by Divergence Software for e-signal users.

ABT ABBOTT LABS Bearish butterfly pattern showing up on monthly Abbott chart. I don't know anything about this company but the pattern suggests you may want to take something off the table on any strength to the upside from here. Just a suggestion. I do not own it

EMN EATSTMAN CHEMICAL. Triggered a bullish gartley pattern on 9/10 on a 60 minute chart. Pullback to 64.50 may be a good long entry if it pulls back. This pattern is bullish until X is broken.

XLE ENERGY SPYDER ETF Bullish butterfly triggered on 8/16/07 on a 60 minute chart and within 3 weeks a 9 point gain. this is ideally how you want to see these patterns work. this trade took no heat after the point D completion.

PPH PHARMACEUTICAL HOLDERS....A good way to play Pharma without the risk of picking one wrong company. 8/16/07 triggered a bullish butterfly at 73.00 and not much opportunity for an entry near the 73.00 price. This will be on my radar for a possible entry on a pull back ....if we can get one...