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Another weekly chart that I'm going to short on a rally up to the neckline. It's a huge head & shoulder pattern with a measurement down to $14.00.

This is a weekly chart that appears to be getting ahead of itself. I'm going to short any rally as close to the top of the wedge as I can.

QQQBALL, I use TC2000. I have some simple scans that I look over every night which takes a couple of hours. Basically, I look for specific patterns that I feel comfortable trading......H&S, triangles, wedges, flags, etc. etc.. I'm not smart enough to understand what a dogi is. The only...

Slapshot, I intend on doing that. I don't want anyone to think that I trade more than a handful of stocks at a time. If I'm trading more than 6 stocks, I do not have large positions.....probably 200 - 300 shares.....sometimes 100.....particulary when the charts are erratic or aren't lined...

QQQBALL, I'm lacking in the intelligence arena so I can only focus on 1 thing at a time. If it's not simplified down to a gnats ass, I'm setting myself up to lose money. The charts are the only guide I need.....so far anyway. I don't read news....I watch re-runs of Seinfeld during the trading...

Market, I don't care what kind of feedback this journal gets. As I previously mentioned, I will only respond as time permits. Unfortunately, my time is thin as I have a lot of other stuff going on in my life. As far as the market is concerned, I'll offer my humble opinion. For the past...

It is rare to see ANYTHING move over a vertical key MA like this and stick. Even if it does for a day or two, it means NOTHING. So, I'll either short at the 50 MA itself or I'll wait for a lower high on the 60 minute chart with a stop set at those highs.

I've traded around this one for months. I will look to short at the upper trendline. Head and Shoulder pattern measures to $39.00 over the intermediate term.

I'll short at the upper trendline. Initial target at the lower trendline.

I may be wrong with this one, but it's not a breakout I'm going to buy into.....too many gaps. I went short a small piece at the upper wedge line Friday ($41.70) and may add to it on another low volume move up. As long as it stays under the wedge line, I'll feel comfortable holding it. It has...

I've traded around this for a couple of months. I will short it once again on a move up to the trendline. It has risk over the intermediate term in the $12.00 area. FWIW, i write down every single trade i do at the end of the day or before.......the risk / reward, anticipated holding period...

I took a short position in this Friday at $35.05. I'll add to it Monday if it snaps up to the upper trendline. As mentioned last week, I lack subjectivity at times. In other words, I'm blowing it on a move over the upper line. The cost of a commission and a low risk entry is a small price to pay...

I will short this on a rally from here in the $47.00 area. It has risk over the short / interemediate term in the mid 30s.

The setups posted last Friday are still valid as far as I'm concerned, and I don't intend to update them unless they setup into something different than they are now. I will be looking to short this at the top of the wedge. The holes in the chart doesn't suggest a strong move up is likely...

The only setup from Friday that hit an actionable level was SYK. I took a short position near the highs ($62.80 to be exact) and covered 1/2 of the position in the afternoon. I've reset the stop at $63.05 so it's a free trade from here short of a major gap up.

This has already broken down from a massive head and shoulders pattern. As is the norm, these will often drift back up to or just over the prior support level. If it does, I will take a short position as close to the 50 MA as I can. The pattern measures to the high teens.

This is a weekly chart and a tough stock to trade. I'm going to short at the upper wedge line.....$69.50 - $70.00 area. I'll cover for a loss on a move over $70.00. It has risk to the lower wedge in the $55.00 area. Simply, I'll risk a 1/2 with reward potential of 15 points.

Head and Shoulder pattern. I've drawn in a wedge across the recent highs and lows. I will take a low risk short as close to the top of the wedge as I can. The level appears to be around $95.00. Unlike the others, I'm not going to give this much room to fail if it affords me an entry. I'll place...

Similar to SYK. Take a peek at the big hole in the lower 20s. How many gaps have you seen go unfilled in this bear? I'm going to short this as close to $31.50 as I can get it.

I am planning to establish a pilot short in this anywhere between $62.50 - $63.00. The base from August to now does not suggest a breakout will last. Since it has risk down to the high 40s, I will take a smaller position.