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If you want to change your bias, change your time frame. What seems bearish on a LT basis can be bullish on a ST basis and vice-versa. But reversing is not a good idea. Because you anticipate. Let the market tell you if he wants to reverse. CM

Shake Shack WAS a great short opportunity around 90. But before being a great short opp again (When? 1 week, 5 years? nobody knows), on a ST basis, Shake is a good long ! Probably back to 95 dollars before the end of the quarter. CM

You got your answer. Better wait at least USD100 for a ST Buy if 100 holds (2012 top should become support). CM

I agree. If I remember correctly, PTJ and his head of research Peter Borish tried to use a mix of Elliott Waves and the 1929 graph of the DJ indexes to forecast a "big krach". But Peter Borish predicted it for 1988. PTJ understood mid-october '87 it would come earlier (without any needs of...

I agree Scataphagos, even if I use MACD too. RSI already gives you good signals. IMO, main difference between RSI and MACD is that you get no upper and lower boundaries with MACD. RSI will always be between 0 and 100. So RSI is easier to follow and understand. But MACD is powerful if you use it...

IMO, yes and no... Yes because until you don't get a close above 80, BABA could go lower (76? 75?74?). Above 80, probabilities would be higher for a strong rebound. No because you could have bought it before @ 90... at least, you waited for a better price. And perfect timing is impossible. On a...

Charts and technical analysis are great tools to understand price action and visualize scenarios. Of course, they are not necessary to make money, cf Warren Buffet, Jim Rogers, George Soros.. At the same time, Paul Tudor Jones and Marty Schwartz made fortunes too, thanks to charts. If you make...

Man, Shack Shake could continue to sell burgers with or without chicken for decades. Maybe it is time to take your profits ? You wait for a first target @ 50 dollars? But now, we are already in a strong support. See graph. At the end of January, former resistance was 52.5. Yesterday, support was...

Well, you made good choice. Today, BABA is below 78 dollars. Should you buy it now? I don't think so, because you got zero divergence. RSI shows lower lows (see graph): trend is still down. Only a strong reaction (close above 80 dollars) could (eventually) stop the drain. CM

BABA is going lower and lower with regularity. So I would rather lower my expectations : 78/80 dollars. 85 was a short term support ? Lasted only 4 days... If you still want to enter, you would better wait for a plunge at 80 dollars and watch if 80 holds. Yes ? => Buy If not (77 ? 78 ? 79...

S4L, again a good call ! Congrats! Yesterday 10.28, it seems there is no more resistance until 12? When you give a target of 10.46, does it mean you begin to take profit close to this price or is it a min target for you and you wait for more upside before taking profit? CM

Jacking surf? Not really. Again read my posts. My own journal ? No thanks, I put on average 30/40 trades every day, I am not here to explain all of them, right or wrong. I don't care what people think. Just here to analyze price action, traders and market psychology, bad or good opinions, who...

That s right, for the last 2 weeks. As I wrote, we are in a trading range, and the support line (in green) is still valid for the last 2 weeks. Proba 50% up / 50% down for the moment. Markets are not "a one-way" game. Read some of my older posts ? Maybe you could find some "value-add". I...

You're right, IMO, probabilities for a new squeeze are high. SHAK is in a ST trading range (73 / 83), waiting for the next price action. Above 83 : squeeze again, back to old high @ 97, and if broken, 115 / 120 ? Below 73 : well ... finally Surf will make money with his shorts! CM

Ok, but if MCD close above 96 dollars (we are close), trade is dead. Back again to 100 dollars. CM

I am back! Last time I posted in this thread, we went from 220 dollars to 181 dollars... And hoped support would break @180 dollars. Obviously, strong buyers (dreamers?) were back and Tesla rebounded again close to 260 dollars (second shoulder, cf graph). I think it s again a perfect time to...

Exactly. How much could MCD lose? 10 dollars? 20 dollars? How long would it take ? 3 months ? 6 months? 1 year? And what are the probabilities for a large trading range 80/100 dollars for months? High. No interest to short MCD, tons of high reward opportunities everywhere in the market. CM

B1B, your main problem is that you don't understand that trading is about flexibility and probabilities, and not rigidity and certainties. When I draw a graph, I don't say "Hey, yesterday, God told me Shake should go straight to new highs". I just elaborate hypothesis, scenarii, and try to...

The Shack is testing again his uprising trend line. If support holds ... new highs. if support breaks ... can go really low. Wait and see. CM

Last resistance @83.50 dollars... New highs if broken.