Yes, It is possible. Real Time Idea's for "This Market"

[13:12] <Brandon> are ya ready for the coulda woulda shoulda sobs?
[13:13] <Brandon> we have an ok entry here
[13:13] <Brandon> but I kinda screwed it up
[13:13] <Brandon> let me show ya how
[13:13] <Brandon> im still confortable with it
[13:13] <Brandon> we just should have been short from 1262
[13:13] <Brandon> let me make the chart
[13:17] <Brandon> if I had to take a person
[13:17] <Brandon> and give them one book and hope theyd make it as a trader
[13:17] <Brandon> Id give them trader vic
[13:17] <Brandon> thats the only book Toni has ever read
[13:18] <Brandon> and really the only book I think anyone would need to read to really understand the market and make money
[13:18] <Brandon> one of the concepts he talks about is a 2b
[13:18] <Brandon> and this is a change of trend
[13:18] <Brandon> he incorperates a trendline break and some other things too to make the criteria more stringent
[13:18] <Brandon> but you can adjust things to fit your own needs and personality and style
[13:19] <Brandon> use the general idea's
[13:19] <Brandon> anyway
[13:19] <Brandon> the 2b short is when a new high is made (or a relative high in this case)
[13:19] <Brandon> and it does not follow through
[13:19] <Brandon> it fails and then takes out the prior swing high
[13:19] <Brandon> and then you have your short trigger
[13:19] <Brandon> and your stop goes above the last high
[13:19] <Brandon> do you guys have this?
[13:20] <Brandon> its also a key point
[13:23] <Brandon> so you have the 30 minute bear flag
[13:23] <Brandon> and then the 2 minute 2b
[13:23] <Brandon> and as you can see here
[13:23] <Brandon> those make for good trades
[13:23] <Brandon> even when other dont
[13:23] <Brandon> you will often stop out on this
[13:23] <Brandon> over half the time
[13:23] <Brandon> but your reward vs your risk is usually about between 3.5 to 5 to 1
[13:23] <Brandon> so it comes back to you
 
I was pretty much wrong with my opinion going into the day, I thought we would have choppy two way action but instead we ended up getting pretty much another trend day, this one down. Managed to do ok though with it using solid setups and discipline.

Brandon
 
CNBC commentators and CNNFN commentators were right, in that their's no support from a consistent nature, from the institutions.

until they return enamasse, then we're going to continue to mash around.

Jump up, Jump up, Jump around (carnical chant....)
 
Brandon, Toni;

Printed BEAS,in jade or emerald green. Included the gap, like a gold mine,knowing there's a lot of soil in a gold mine.

:)

BEAS missed the [approximate]trading rule by about 00 .10, starting May 1 /02. Don't sell short the sixth [6th] day!!

[6 day chart starting 5/1/02]
 
use(less) stat.

The average gap in any direction on the Nasdaq is just under 1.2%. 71% of them fill in the day the gap occurs.
 
Have you got the #s handy for the S&P. I did a study several years ago and the % of gaps filled at that time was about 70% also, but I never looked at avg gap size.
 
Most gaps will fill in on the very first day they occur. When gaps do not fill, this is a very strong signal giving you powerful clues into the potential for the future move. For tonight's focus list we will be looking at a few stocks which, like most of the market, gapped up put in strong performances yesterday. But, more importantly, they held together well Thursday and are poised to move higher.


CheckPoint Software Tech (CHKP) can be looked at for buying opportunities on trades above $18.70. Stops should be placed under the day's low.


Network Appliance, Inc. (NTAP) can be taken long on trades above $17. Protective stops should be placed under the day's low.

Cisco Systems, Inc. (CSCO) can be taken long above $16.05. Stops should be placed under the day's low at the time of the setup.
 
11% of 4% gaps will fill with in one week, when they do all hell breaks loose. I would suspect that if this gap fills the sept lows get tested, which we have needed to see for some time anyway.

Brandon
 
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