Starting it off.

Al

Paper trading. I did not trade this example. Here is a Kane TD ABCD in July - August this year, WTW, Point D at 0.650 meas. fibo. Interesting 20 sma crossing under 50 sma at Point D of Kane ABCD, imo.






Al

qqq 60 - from what I can see it's currently working on minor wave 4, which needs to stay above the wave 1 high of 174.55. Wave 3 ended at 187.52, just under where 3=1.38*1 at 188. Wave 4 could take days to play out here, or not. A complex wave 4 wouldn't surprise me, since wave 2 was a sharp move down

rat,

Cool.

Al

Paper trading. Did not take these trades. Just taking a simple approach with the benefit of hindsight.





Al

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

Paper trading. Bought a call on NKE yesterday. Tom Bowley mentioned NKE as entering a favorable seasonality period.




Good Trading,

Al

rat,

Thanks. I will look at that.

Al

Originally posted by rat89

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

I trust you are looking at the drop and retrace on aapl, and have your eye on the .886, the 1.128, and the 1.27... ;)

Originally posted by albert

rat,

Thanks. I will look at that.

Al

Originally posted by rat89

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

I will look at that too. Thanks.

Al

Originally posted by rat89

I trust you are looking at the drop and retrace on aapl, and have your eye on the .886, the 1.128, and the 1.27... ;)

Originally posted by albert

rat,

Thanks. I will look at that.

Al

Originally posted by rat89

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

rat,
I have doctor and dentist appointments scheduled today and I do not think that I will be able to trade today. Thank you for your comments.
On AAPL, I have lines drawn at the 0.886, 1.128, and 1.272 fibos in case price decides to continue upward. It looks like yesterday's close on AAPL was very close to an 0.886 and a 0.618 fibo retrace and it might travel down.

Al

Originally posted by albert

I will look at that too. Thanks.

Al

Originally posted by rat89

I trust you are looking at the drop and retrace on aapl, and have your eye on the .886, the 1.128, and the 1.27... ;)

Originally posted by albert

rat,

Thanks. I will look at that.

Al

Originally posted by rat89

very nice....you should swing trade those with a small position you could afford to take a little loss on, put in a stop and let them go...

rat,

Cool!

Al