Post feedBreakouts
As I ran through my watchlist I found a ginormous amount of symmetrical triangles. Since I can't release the official price pattern list until tomorrow morning, I will release a few pattern breakouts that are heating up this morning. As always, I would suggest waiting towards the close to place any trades on breakouts. This will confirm price has sustained it's breakout point and adequate volume has accumulated.
AMED- H&S Breakdown. Right now breaking a nice ascending neckline.
WTR- Symmetrical Triangle Breakdown. Getting real close to breaking support this morning.
DNR- Descending Triangle Breakdown. At the moment it is below support at $27.
EAT- Symmetrical Triangle Breakdown. Good Follow through today.
BEN- H&S breakdown. Well below it's ascending neckline today. Strong volume thus far.
BER- H&S Breakdown. Broke it's $34.5 neckline today.
GVA- H& S Breakdown. Broke the $50 neckline this morning.
PFCB- Symmetrical Triangle Breakdown. Broke it's apex today.
Add to this list as you see fit. Hopefully this gives a few things to watch on such a down day. Stick around, I will be back.
AMED- H&S Breakdown. Right now breaking a nice ascending neckline.
WTR- Symmetrical Triangle Breakdown. Getting real close to breaking support this morning.
DNR- Descending Triangle Breakdown. At the moment it is below support at $27.
EAT- Symmetrical Triangle Breakdown. Good Follow through today.
BEN- H&S breakdown. Well below it's ascending neckline today. Strong volume thus far.
BER- H&S Breakdown. Broke it's $34.5 neckline today.
GVA- H& S Breakdown. Broke the $50 neckline this morning.
PFCB- Symmetrical Triangle Breakdown. Broke it's apex today.
Add to this list as you see fit. Hopefully this gives a few things to watch on such a down day. Stick around, I will be back.
Jeff,
what about the lack of a real prior trend in WTR?
Posted by
Anonymous |
11/27/2006 10:27:00 AM
Brett,
You don't see any trend? None? I am surprised.
Posted by
Option Addict |
11/27/2006 10:33:00 AM
It looks sideways since May. MAYBE a little uptrend since October. Do you see something different?
Posted by
Anonymous |
11/27/2006 10:51:00 AM
WTR was also listed by Forbes as one of the most over priced stocks a couple of months ago. Top 100? most over-priced stocks. Or maybe it was 500. Anyway just a side note. Doesn't really have anything to do with the technical analysis.
DOW now down 150 points. Wow!
As always thanks for the comments and the Blog.
B
Posted by
Anonymous |
11/27/2006 11:08:00 AM
What in the world happened with GOOG?!
Posted by
Anonymous |
11/27/2006 12:43:00 PM
I understand that Barron's had a negative article on GOOG's valuation in the issue out this past weekend.
Posted by
Andrew |
11/27/2006 12:55:00 PM
Rick,
you may be right but the Dow and S&P broke some MAJOR trendlines today.
Plus the breadth was ridiculous (over 4-1) for a simple correction. I'm very concerned about this action today.
Posted by
Anonymous |
11/27/2006 02:42:00 PM