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stokhack, That's exactly the type of setup I like to trade. Sheesh. Notice the parabolic rise directly through the 200 MA not to mention the gaps. Thanks for the heads up. I've already go an order loaded to short at $26.00. A full retrace over the long term is probable. By the way, save your...

I'll look over some daily charts and post some others I'll be looking to trade this week in a bit.

Since more charts look extended than not, I've had a difficult time finding many objective long setups. This could be good for a scalp / daytrade long.

If you look at many charts, you've probably noticed there are many in broad patterns. I'll take a low risk short at the upper broad line with an initial target at the lower. Again, a 60 minute chart.

Another view of IBM.....the 60 minute. I've posted the daily several times so no need to do so again. I still have a small short in this and probably won't add to it on a neckline violation. However, I'm still going to watch it since I'm likely to change my mind if we see a hard push down.

Another 60 minute daytrader type setup. I'll short at the upper line with an initial target at the lower. Stop on a move over the upper.....i.e. LOW risk.

As I mentioned before, 90% of my trades come from the daily / weekly charts. However, I do use the 60 minute charts from time to time, particulary when they are at extremes. IMO, there's a lot of stuff out there that fits this criteria. So, I'll post a few lower risk setups I'm watching based on...

Yes, there have been a few decent plays. I've got a lot more on my radar for next week. I'll post this weekend if anyones interested.

Sheesh........I'd quit now. If that is indeed their performance, they SUCK.

Whew...I'm slipping. Here is another long setup I have my eye on. I've never traded it so I don't have a clue what to expect. Initial target at $6.00....then $8.00.

Another weekly chart & long setup. I'll go long on a move over $9.00 if the volume is there. Initial target at $11.00.

Weekly chart and nice consolidation. I'll go long on a break over $10.00 if the volume is there on the move. Targets to the $13.00 area short term.

There aren't many charts out there that look like this. It's a MONTHLY chart. I'll buy it on a breakout IF it goes on heavy volume.

I'll go short on a rally up to the upper trendline for a long term trade. It looks R-E-A-L-L-Y heavy with 50 points of downside potential.

I probably won't trade this on a support violation.....risk too high. Instead, I'll keep it on my radar and "hope" it bounces up to or near the upper trendline.

babe714, Nice trading.....still have some myself as well.

I didn't realize how long this was going to take me. I'm tired of posting my trades. I'll post some others that I'm watching and not currently in later today.

Another setup I traded. Weekly chart and inverted H&S pattern. I went long at $12.30 and blew 3/4 of the position at $13.70. I'll hold the rest to see what happens with a stop set a tick under neckline support.....other than a gap down, nothing bad will happen to me on this trade.

I have been taking more long positions lately. Here is one I found that I posted and traded. It's a weekly chart and probably the best looking long I've found in a great while. Unfortunately, it's a penny stock so I'm sure many avoided it. I went long at $1.01 and I've already blown out of 1/2...

I'm still short a very small position of this at $70.00. When they are this volatile, I see no point in trading them big since they require so much wiggle room.