I appreciate the supportive words and emails everyone's been posting and sending, many thanks 
Agree that there should be no sales/advertising on the message boards here (and anywhere for that matter), that was not my intent, as always I am trying to 'get the word out' on what I feel will be of help to people.
Especially in a time of crisis, where traders feel lost etc, I took a couple hours yesterday to develop the page to help out. And again, we may not get a gap down and selloff, we may chop, we may breakout due to patriotic buying, all I know is, I use my patterns to trade specific setups, and will not be shorting this coming week.
Solution: If it would help, I can post my technical charts and ideas at a free geocities-type board, to avoid any concern - let me know, traders.
Making intelligent trading comments is helpful. Just think of how much better the site would be without negative posts and flames.
--> The main thing is, I was Hoping to spark an Intelligent debate over gap plays and help by answering questions, what type of volume/stochs/other TA signals to look for, what sectors to play etc. this coming week.
Re my thoughts on gap strategies, I thought I was adding "good info" by providing professional tips that arent' out there in the books, that I've found work well for me, specifically:
1) Gap downs: best to look for plays where the stock gaps down to near the previous days' low and is starting to bounce (vs taking out a new 2-day low)
2) If a stock gaps down to far below the previous days' low, look for premarket cup patterns and enter long bounces only after the stock has cleared .4-.5 over the whole number above the premarket gap down high.
3) Large fast selloff to key support levels (eg whole numbers, decade numbers, 10day and previous day support levels) and consolidation/bounce.
4) It's best to look for bounces after extreme multipoint selloffs that are now getting short covers/new buyers, not stocks that are in a technical downtrend, eg lower lows and lower highs.
5) Time and sales shift from sellers back to buyers for at least 3 spreads in a row.
It's my hope that the chart pattern illustrating some of these from last week would be a welcome addition to the community here. It's not basic gap info, there's some new tips I thought would be helpful for this specific market coming up.
Thanks for your professionalism,
Ken
Anyone have other specific, measurable TA pattern strategies they think would be useful to discuss for this coming week's trading? Let's hear it, traders!
Agree that there should be no sales/advertising on the message boards here (and anywhere for that matter), that was not my intent, as always I am trying to 'get the word out' on what I feel will be of help to people.
Especially in a time of crisis, where traders feel lost etc, I took a couple hours yesterday to develop the page to help out. And again, we may not get a gap down and selloff, we may chop, we may breakout due to patriotic buying, all I know is, I use my patterns to trade specific setups, and will not be shorting this coming week.
Solution: If it would help, I can post my technical charts and ideas at a free geocities-type board, to avoid any concern - let me know, traders.
Making intelligent trading comments is helpful. Just think of how much better the site would be without negative posts and flames.
--> The main thing is, I was Hoping to spark an Intelligent debate over gap plays and help by answering questions, what type of volume/stochs/other TA signals to look for, what sectors to play etc. this coming week.
Re my thoughts on gap strategies, I thought I was adding "good info" by providing professional tips that arent' out there in the books, that I've found work well for me, specifically:
1) Gap downs: best to look for plays where the stock gaps down to near the previous days' low and is starting to bounce (vs taking out a new 2-day low)
2) If a stock gaps down to far below the previous days' low, look for premarket cup patterns and enter long bounces only after the stock has cleared .4-.5 over the whole number above the premarket gap down high.
3) Large fast selloff to key support levels (eg whole numbers, decade numbers, 10day and previous day support levels) and consolidation/bounce.
4) It's best to look for bounces after extreme multipoint selloffs that are now getting short covers/new buyers, not stocks that are in a technical downtrend, eg lower lows and lower highs.
5) Time and sales shift from sellers back to buyers for at least 3 spreads in a row.
It's my hope that the chart pattern illustrating some of these from last week would be a welcome addition to the community here. It's not basic gap info, there's some new tips I thought would be helpful for this specific market coming up.
Thanks for your professionalism,
Ken
Anyone have other specific, measurable TA pattern strategies they think would be useful to discuss for this coming week's trading? Let's hear it, traders!