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ES chart for the morning

Here is my go at it.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1367457">

I am not sure where this will go, but it is possible we have a down trend that has started. I don't see the R2R though. If someone can see it, please point it out. good trading gooch87 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1364706">

This may turn out to be a submarine instead of a rocket:D I'll be ready for either. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1363932">

I think we are ready for liftoff Let's see what happens gooch87 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1362938">

Now may be a good time to cover your short position in FTEK but of course YMMV good trading to those who shorted this one. gooch87

Hi Aurum, I checked "The Successful Investor" by William J. O'Neil to compare a good Cup with handle with a bad one. I think this is not a good buy based on the cup criteria. See my chart below. Of course YMMV. gooch87 <img...

Hi bi9foot, I like both of your picks for the near future. Thanks for the heads up. good trading gooch87

Here is an evaluation of FTEK. I am anticipating a short day trade, but we will have to see what the market says.:D <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1354064">

Hi Spyder, Here is a short trade I did last week. Just a little progress report for you to enjoy.:D <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1348995"> Gooch87

Hi Monkman, I added in the red down trends to complete the picture. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1342556">

Congratulations on your trades. Great work! Here is my debrief of the profitable trade I did today. I did a short / long combo. It only took a few minutes this morning. I know it's a small profit, but it's a profit.:D <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1339855">

I agree, catching a small profit while building skill, is the way to go.

Hi PointOne, Here is one way to interpret the STEC chart. I took the liberty of adding the red downtrend lines for another perspective. YMMV I like the way you presented this evaluation with notes on the side of the chart. good trading to you gooch87 <img...

Here is my chart of SWFT. I think we will need some extraordinary volume to push price above the red down trend line (RTL). Perhaps the pennant is offering a clue. We will have to see.

I want to wish everyone much happiness and prosperity in the new year. I ended the year up a small percent. It could have been better, but I made quite a few mistakes. I look forward to doing much better next year. Spydertrader, A hearty thank you for your tireless effort. I sincerely...

Hi billp That is .22 on the Unusual Volume indicator in Q-Charts I am starting small and gradually working my way up. The market will still be there when I am ready to extract larger gains. :p I have the same problem as you, but I am not too concerned about it. I draw the channels...

Hi Joab, Thank you for the kind words, but I recommend everyone study Jack and Spyder. I am still learning and may be wrong in some of my understanding. Good trading to you gooch87

Hi TNG, Here is my evaluation of MGPI. It is the same for BITS and LQDT. I decided to run my final universe through the chartscript to find the ones that have rank. Notice, MGPI and LQDT do not have rank. The notes I made in the chart show the reason why I mentioned them. YMMV Good...