Margo's Swing Journal

If you find yourself leaning to the bullish side from a longer term perspective, I suggest you start pulling some weekly / monthly charts of your favorite BIG CAPS. They will be the last to DIE. How many funds do you think own this? What do you think they'll do when it breaks support? Do you think it would be good time to buy if for Jimmy's college fund?
 

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Quote from LongShot:

margo, your charts look remarkably like www.momentumstockplays.com

any connection, if you don't mind my asking.

just curious
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Margo, this post was made a while back so you may not have seen it. We're just curious! :)

My guess is:

1] you are either a paid subscriber of said website

or

2] you are that website
 
Quote from margo_trader:

A few weeks ago someone on ET said swing trading really shouldn't be considered trading. Whatever you want to call it, this kind of chart is every swing traders dream. It's a weekly in a large H&S pattern. It may not work but it's still low risk as heck with a huge potential return. I'm already short from last week FWIW. As long as it stays under $80.00 on a closing basis, I'll stay in it. Intermediate term target in the low $50.00s.
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Uh,

I am not a chartist, but how can you draw that upper line there when the stock spent almost four months above that "resistance" level?

nitro :confused:
 
Quote from margo_trader:

I'll pull out my ass baton and give it a few whacks.
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It's these types of quotes that make this thread a must read. Seriously though, I love all of the nice topping patterns you have found.

Good luck,

Banker
 
Margo,

Love your journal. It's meaty and spicy too.

But I wonder if you could - forgive me for the lame cook-show reference - kick it up another notch. I believe you wrote that you have been swing trading for about three years. Could you tell us a bit about your previous trading experience as well as your profitability as a swing trader?

Anything you care to share would be appreciated.

Thanks,

chaos
 
Babak,

Surprised me that someone over here has seen my charts. Yes, I am that website....another damn huckster!

Happy Trading

Quote from Babak:



Margo, this post was made a while back so you may not have seen it. We're just curious! :)

My guess is:

1] you are either a paid subscriber of said website

or

2] you are that website
More...
 
Duh,

I'm not really sure what you're asking but I'll give it a shot. I have an account with Stockcharts.com. At night, I scroll my charts searching for something that may be at or near an actionable level. If it is, I'll take a snapshot of it and paste it to MS Paint. Then, I use the paint tools to draw my jiggly lines.

Seriously, I'm not sure what qualifies as an exact head in a H&S pattern. I suppose it just looked right when I spotted it. So far, it appears to have been somewhat accurate. What do you think......a fakeout breakdown at the shoulder highs or just dumb luck?

Quote from nitro:


Uh,

I am not a chartist, but how can you draw that upper line there when the stock spent almost four months above that "resistance" level?

nitro :confused:
More...
 

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Quote from margo_trader:

Babak,

Surprised me that someone over here has seen my charts. Yes, I am that website....another damn huckster!

Happy Trading
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Well that ought to put a cork in the mouths of those who ran to Margo's defense when the connection was raised.

Keep posting Margo. Momo is where it is at in this market.

HOTT ain't no H&S. It's a high level consolidation, a horizontal channel. Doesn't mean the fucker won't break down either.

ELX is, but both ways. Inverted first, then the right shoulder is your H&S.
What to do, what to do.
 
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