Marketsurfer says short shake shack

Why Technical Analysis?
Because...

shake shack 3.gif
 
dbphoenix said:
Unfortunately, this is hindsight. :(

However, it's certainly worth keeping in mind for other applications.
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Ofc this is not perfect science :) but you can use swing rule for the next entry and to evaluate next target.
Cf graph below.

Hope it helps

CM

shake shack 4.gif
 
Chris Mac said:
Ofc this is not perfect science :) but you can use swing rule for the next entry and to evaluate next target.
Cf graph below.

Hope it helps

CM
More...

I understand what you're saying. I've been making a living at this for many years. My point was that your post will have no effect on ms whatsoever. (Altho even if you'd posted it in advance, it's not likely that it would have had any effect :))

Others on the other hand may investigate what you've suggested and come up with something that's useful to them.
 
Wyckoff also talked about something similar using the point and figure charts. It was related to the length of the base. I don't use it per say but it is there if someone wants to give it a try.
 
Chris Mac said:
Ofc this is not perfect science :) but you can use swing rule for the next entry and to evaluate next target.
Cf graph below.

Hope it helps

CM

View attachment 153000
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It's interesting that you draw the straight red line and then pay no attention to it. Therefore, why is it drawn? I recommend that you study technical analysis quite a bit more and then begin posting on it with a more full understanding of same. You have hit on something though (the straight red line is meaningless), but I'm not certain that you understand why.
 
Buy1Sell2 said:
It's interesting that you draw the straight red line and then pay no attention to it. Therefore, why is it drawn? I recommend that you study technical analysis quite a bit more and then begin posting on it with a more full understanding of same. You have hit on something though (the straight red line is meaningless), but I'm not certain that you understand why.
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Omg this was an example! Technical Analysis is not just reading the past lol.

Example here is quite simple : If we got a confirmed resistance @USD97/98 (tested, retested 5, 10 times if you want), and we go back to older resistance @79 (becoming support), 79 dollars not holding, and going back to the green support (74? 75? 76 dollars? who knows ??)
=> you can predict with good probabilities a rebound near 97/98 and if broken, 2nd target with swing rule near 115 dollars.
If you don't get it, sorry for you.

CM
 
Chris Mac said:
Omg this was an example! Technical Analysis is not just reading the past lol.

Example here is quite simple : If we got a confirmed resistance @USD97/98 (tested, retested 5, 10 times if you want), and we go back to older resistance @79 (becoming support), 79 dollars not holding, and going back to the green support (74? 75? 76 dollars? who knows ??)
=> you can predict with good probabilities a rebound back to 97/98 and if broken, 2nd target with swing rule near 115 dollars.
If you don't get it, sorry for you.

CM
More...
Please spend some time studying technical analysis and then begin posting again. Thus is way too much over-analyzing. Buy when going up. Sell when going down. Thanks
 
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