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Maybe he plans on becoming the gay partner of the richest man in the world.

Nonetheless, it was a great call with great timing.

I would trail it and ride it as long as you can. Especially mt which has had a nice straight up run.

MT is another strong stock with great relative strength. It still doesn't fit my personal critera yet, but that only has meaning to me. What I don't like about it is that an entry here would force me to place my stop at 73. Way too much risk at this point.

XTO looks good. Because of my rules I would not have purchased it until it reached 65, but you have a strong stock with great relative strength.

Well technical analysis confirmed your entry, so I still feel good about using it.

Here is the real chart AT THE CORRECT TIME. Absolutely tremendous timing by BuyLoSellHi

Damn, this thread was from march of last year. Disregard my previous post.

BuyLoSellHi I know it's after the fact, but I have to post a chart. It is the reason why I use pnf charts. When you made your original call there would be no way you would have entered the stock at that point if you knew pnf charting.

I guess it depends on your timeframe. Bidu has broken its downtrend, and there is little doubt it will continue this upward move at least back to 325-350 area. FSLR has been in such a strong move we will probably have some pullback, but it sure looks to me like we are going to new highs.

I have to agree. The 1414-1420 area is very critical. I don't think there is any doubt we will test those areas before we ever test a new low.

Well if you are so confident that he sucks then fade all of his picks. Keep a diary, and display to the world how much money you made fading his picks. Maybe you will replace him.

Make sure you are on the right side of this trade. It has formed a perfect triangle and should break out pretty soon. My guess is it will break to the upside.

The false double bottom sell and false double top buy signals are just an anomally that seems to work. Day in, day out trading requires a system of high probablity. The higher probablity pnf signals come from level two trends.

LOL, that is not a pnf signal. That is MY SIGNAL.

I'm really confused by your question so I may not be answering it properly. If we are in an uptrend I am only looking for longs and vice versa. Since that chart was in an uptrend and I did get a failed double bottom sell, I would have taken it even though I did not have the second level...

In that example you have a failed double bottom buy well within a well defined uptrend. If you were NOT already in the uptrend trade, then yes of course take the trade because it is a good signal. What I am talking about is when a NEW MAJOR trend is potentially beginning. That false double...

Although I have a scanner for pnf signals, I don't use it. I like to look at individual charts and anticipate the move. An example is the hewlett packard chart. I don't want to wait for a scanner to let me know that HP already created my pattern, I want to have an order in with my broker at...

You always draw the line regardless. Whether that line has meaning will not be determined until you get a second signal.

Here is a current chart of Electronic Arts. It just formed a level 2 uptrend. Would I take this trade? No. It might do very well, but I don't like that after the first buy signal we got a retracement all the way back down with the next 0 column. I want to see very little retracement after...