Charts of Note

Quote from deucy28:

This pair is noteworthy for its three years of chart examinations. I would highly recommend it for examination, too. For different style pairs traders, it can mean different things for their respective use of capital. My personal approach would be to make it a full first layer opening of trade with no legging in. I would be ready at the session open Monday and look for an opportunistic moment to put it on. Should it open dramatically adversely before the execution of an entry, I may wish to watch for a favorable entry, keeping my powder dry and waiting patiently for that more fortuitous occasion.

NOTE: Nothing said in text or chart annotations takes into consideration scheduled earnings reports or ex-dividend dates, news (past or prospectively), or fundamentals.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3621503>

Above quote from Sept 9.

Seriously and nicely working out, shortly into this session today. See link below.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3636948#post3636948
 
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Via http://www.mercenarytrader.com/2012...an-and-newly-constructive-thoughts-on-metals/
 
Huge volatility breakout today on APPY. It's all there - a long thin base following liquidation, volume expansion, good fundamental progress on their product and low institutional ownership.

This fits a pattern I've been seeing in these pharma companies - they get a new drug or medical product ready for testing, post preliminary results that show promise, and if The Market believes, it skyrockets.

In other cases, volume implodes and you get a great spike to sell short.

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Quote from Wide Tailz:

Huge volatility breakout today on APPY. It's all there - a long thin base following liquidation, volume expansion, good fundamental progress on their product and low institutional ownership.[/img]

Nice!
 
Quote from darkhorse:

Nice!

Short term spike fade setup. Volume disappeared on Friday (blue at bottom). It also counts out as five waves on the hourly, so I'm sitting on handz for now

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