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dgabriel, Very nice setup.....exactly what I look for. Unfortunately, I didn't see it in time and it didn't show up on my post. By the way, nice call....sheesh, shorting crappy bases at resistance can be so easy.

Mike, No, I didn't chase it.....I'm not any good at trading anything that gaps right through my entry. I'd of already covered 1/2 at the upper gap if I had though. Happy trading.

I usually hit this for a winner about 50% of the time so it's more aggressive than what I normally do. But, my loss is small when I'm wrong. When I'm right, the winners are very nice. I'll short this under $99.00 with a stop set at $100.55. In other words, I'll risk $1.50 for a potential reward...

Lots of holes in this. I'll take a low risk short at the stick high with a stop of a 1/4 to a 1/2 depending on the volume....if there's a lot, I'll tighten.

Thin stock. I'll short at trendline resistance with a stop on a violation. So, low low risk.

I'll short at the stick highs with a 2 point or so stop.

Weekly chart that I'll short at the neckline with a tight stop. I'll take the loss if it closes OVER it.

Another weekly chart in a head & shoulders pattern. I'll short as close to the neckline as I can with a stop of a point or so. It targets longer term to the $10.00 area.

This is a weekly chart. I'll be surprised if it gets there, but I'm going short at the stick high.

There have been a few that triggered this week while some haven't. I'm still watching ROAD, JCI, BBOX, GDW, TEVA, and BLL for possible short entries. They were posted this past weekend, and I'm not going to post them again since nothing has changed. I'll add a few more.

QQQBALL, I've never been able to figure out a stochastic scan on TC2000 I was comfortable with using. I just try to find ridiculous looking bases with the price at or near a key resistance level and the stochs > 90.

Another nice base....weekly chart.

Yes, I look for longs too. Unfortunately, there aren't many that meet my criteria. This one is thin as hell and I have not idea what the story is. This is a weekly chart with a very nice base.

I'm not going to be a buyer if this breaks out. I will, however, short it on a rally from here as close to resistance as I can with a tight, tight stop. It's a bit thin so I'll try it with a smaller position.

I'll look to short this as close to the prior high as I can with more than a dollop of room & patience in case it breaks higher. Targets to the mid 30s.

dgabriel, I agree...the oils can be tough. They've busted me enough to know I can't be subjective with them. I have LEH on the radar too......I'd prefer to catch it at the upper trendline and/or the 200 MA. Thanks for the heads up on GS. Good luck to you as well.

mdmbud, I use TC2000. I sometimes look at the 60 minute charts but not very often so I don't have much use for any kind of intraday service.

Nitro, You very well could be right. BUT, any trade with it from the long side won't come close to matching the risk/reward of shorting it at resistance. As for me, I'm going to stick with the low risk side of the trade which means I'll short at resistance....anywhere between $52.00 -...

I'll short at the upper trendline and get out on a move over it. Targets down to the lower trendline.

Not the best looking setup but still low risk. I'll short at the trendline....get out if it goes over it.