technical analysis quote from Top Trader book

[semperfrosty]

Awesome! Ok I have not been charting any of these so let's start with home depot.

Note: I am posting my projections as a C&H for simplicity for you guys.

View attachment 340293

I'm long all day here regardless of the results of the ER. The C&H based on a measured move should bring it to $480-$500 or so...I think its the height of the cup added to the breakout point.



OK Alibaba...same thing I have not been following it but again I'm long all day here as we could be seeing the basing of a C&H.

View attachment 340306

Tea anyone?

 

[2rosy]

From bull to bear on HD in a few hours based upon a daily shart, Bro? You're going to go to the CIO of wxyz fund with this bush league flip flop bc you forgot to ZOOM IN~?!?

He also used fundamental analysis which he says doesn't exist

 

[SunTrader]

Word of the day:disequilibria.

Sorry but I find "Stock prices are nonstationary" more informative.

I always thought stocks prices were stationary. Who knew? Haha

Welp maybe wxyz in Cincinnati didn't. (Who gets that reference?)

Anyway don't mind me, its wine-thirty. Tea?

 

[poopy]

Sorry but I find "Stock prices are nonstationary" more informative.

I always thought stocks prices were stationary. Who knew? Haha

Welp maybe wxyz in Cincinnati didn't. (Who gets that reference?)

Anyway don't mind me, its wine-thirty. Tea?

 

[wxytrader]

He also used fundamental analysis which he says doesn't exist

I was giving an example of news that would facilitate what the chart was projecting.

Apparently pros use Home Depot? I thought they would use a building supply outlet for builders.

https://finance.yahoo.com/news/home...d-to-offset-fewer-diy-shoppers-212628676.html

 

[wxytrader]

Still not an answer ...

You literally said you could predict moves from earnings by looking at the chart, so do it already ...

It doesn't matter if you usually buy shares at this price or not, what is going to happen tomorrow when the earnings are released? Up or down and by how much?

According to you it should be easy so whats taking you so long?

I have clearly stated my projection for earnings based on the chart...I even drew a cool chart pattern for you. ???

 

[poopy]

Jan Smithers "Bailey Quarters" from WKRP.

 

[wxytrader]

I might be leaning towards a home depot miss as I had more time to analyze. I would assume that renos have declined with the increase in the price of materials so it would make sense. Also, it could still be a valid C&H if it dropped to 5 as it completed the handle.


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Either way I would say we see $300 before we see $400...that's where price looks to be going. So it could have a miss tomorrow, or a beat, and then have a miss....somehow, some way the market will facilitate a move down to $300. It's kind of like Lamarchism versus darwinism. Clearly life does not just mutate randomly nor does price move randomly. Life makes changes necessary to survive...price moves to where it needs to go.

 

[p0box4]

I have clearly stated my projection for earnings based on the chart...I even drew a cool chart pattern for you. ???

Do i need to explain it, again ...?
You gave long term projections which is not what I asked because it is not what you said in the first place.

You said earnings had no impact on the stock price since it's all already in the chart and perfectly predictable.

So, last time, Home Depot and Alibaba, up or down tomorrow and how much? You are the one who said predicting this was possible based on the charts, so stop wasting time and answer it already.

 

[p0box4]

Since you like to do long term projections, what's your analysis on this one.
It's a daily chart, were do you see price 6 months to a year from this point.