Hello Jeff,
Thank you so much for the wonderful help that you are providing. Your videos are outstanding.
When you look at a chart do you always look at the 1, 2 or 5 year chart? In a previous comments someone mentionned a 20 days 30 minutes chart. Do you ever consider those short time frame for your analysis?
The archives use to be by subject they are now by date, Would it be possible to go back by subject if not too much trouble.
Thanks.

Janine

hi jeff
master talk was great tonight. but.... i could not open your video from your page and had to go to revver(?) to watch. have had no problems before tonight. just wanted you to know in case others have a problem.
thanks mary

Master Card (MA) breaking out of an ascending triangle today, looks like it might be good volume..THE DAY BEFORE EARNINGS!!! Hmmm....

Bob R.

BXP... this thing just won't quit. Even today (Thurs) with the markets down it's still going strong. I got out of my Feb Calls with over 700% profit and now want to get back in (April calls aren't too expensive)... but it just refuses to take a breather.
I've had MA in my Retirement account for a couple of months, and it's up about $30 in that time. Good pattern and a great company.
Enjoying the video, Jeff. It's a great idea and packs a great punch.
ICE survived it's earnings (although it took me on quite a ride over the two days) and looks to be ready to continue it's trend upwards.
Chris and Catherine.

Jeff, In looking at the pattern
and success of the trade on (x) I
have found that in addition to the text book flag pattern confirmation
The stock (x) also passes phase 1 and 2 scoring, its industry group is green and it is in the top group
of stocks in that group.How much
weight do you place on those other
facts, and have you looked back at
your trades and found a correlation
A reply would be grately
appreciated. steve

Steve,
I know Jeff places very little, or no value on the fundamentals of a stock. He feels that the people out there that are creating the trends and patterns are doing it because THEY have done all that work, and there's no point in duplicating the process. Just follow the technicals. There's probably a correlation between the two, but that's because a good pattern will be created by a stock with good fundamentals (on the Call side.)
Jeff, have a look at ICE today. I've got Feb $135 calls that I paid $6.80 for and today it's up another $7.00 When do you start to get antsy about being able to find a buyer for the calls? There's only one week to go and there's no way I want to lose all the gains over the past couple of days.
Thanks
Chris and Catherine

Deep Thoughts...

AAPL's still going to $100.

X is acting like a thoroughbred in the Preakness.

ICE is just flat-out ridiculous and I couldn't be happier that there are no earnings for 3 months!

IRF will be the next huge breakout stock.

ZUMZ is going to blast out over $36 resistance on tremendous volume today.

GS is daring anyone to play it as a reversal and will burn them big-time.

That's all I got. Time to hit Chipotle.

ADS is VERY VERY strange. This is why you wait until the close to trade.

Brett,

Thanks for re-iterating waiting till closing prices. Had I not listend and learned from Jeff and others, I would have closed ICE on emotion, not rules, and probably several times. I am happily still in the trade. Let's go AAPL, I got in it yesterday at when it was down 40 cents!

Thanks,
Bob R.

Jeff,

clearly today is a cup and handle breakout on ANF. However, the pattern is a few months long and earnings are in a couple of weeks. If you spotted this one, can you take us through your thinking on how/if to play it?

Thanks,

brett

ps. i'm in an 80/75 bull put spread from 2 weeks ago.

Jeff, great session last night. I was the first guy you called. Thanks for the great visuals.

Took a put trade on RTP today. For what it's worth here was my analysis: RTP is in an interemediate down trend with confirmed Higher highs and lower lows.
11/7 high 231
11/17 low 200

12/25 high 225
01/05 low 195

01/24 high 215
? new low

Also diagnal support was broken today (candle from 1/5 to 2/7). This has had big moves (30 points) on the last 2 trips lower. Also, was a little fearful of the 30 day and the 200 day acting as support. But, the 30 day ( which is trending down) is about to cross the 200 day (which is trending flat). That would add to the bearish sentiment.
Big Chart in the Red
Accum Dist below 31.8
I wish volume would confirm. But with earnings out of the way... I'm with the April 220P's.
Anybody with an analysis on volume on this trade I would love to read
Thanks...Jamie

Bob R,
I couldn't agree more on the comment about waiting for close. I was in the same boat with ICE. Ready to dump it when it was down 3 or $4 on earnings day. And now it's up almost $14 since that low low.
I don't get your AAPL analysis. I see it as trying to break above pretty strong resistance just over $86.50 If it does go above that then maybe it'll keep going, but I don't see a pattern that indicates it's going to reverse.
I got cocky today and bought one MA Apr $110 Call. Earnings are tomorrow and I think they're going to be good. But that doesn't mean a thing. If I'm wrong I ditch it. Otherwise it's a cheap thrill.
Believe it or not SKS is proving to be a winner. Cramer called it about a month ago and it sat for 2 weeks and did nothing. It's up 10% (the stock, that is) in the last 2 weeks. Have a look.
Chris and Catherine

c & c,

aapl's a trendline bounce. check my post from a couple of days ago when i called the bottom. 2 reversal candles confirmed yesterday. to $100 we go.

Jeff, Enjoyed Master Talk last night. Love the games!

I feel there's always something to learn - old and new.

Thanks,
Diane

Chris and Catherine,

Read Brett's analysis of AAPL from a day or two ago. I agree with his analysis, and more importantly, the risk/reward ratio is excellent...you would know right away if AAPL is going to fall through support....yesterday excellent volume confirming a hanging man...I agree with some resistance at about $86.50, but I see good support at $84, and considering the overall trend..I think it has a better chance of breaking resistance than falling through support. Again, risk/reward...

Sad to see ICE give back to the market at the end of the day today..damn..but lets take ICE for the ride

Bob R.

Any FLAG traders want to help me with WFR? I've been in now for 3 days and am getting nervous about this one. Is this just part of the natural retraction that can occur during the flag portion of this trade?

It was looking very good 3 days ago like it had broken out and was ready to run higher. Now, not so sure!

Gary

Gary,

Flags can be very tricky. It's hard to determine the exact breakout point because sometimes the flags go sideways and sometimes they drift lower (my favorite find).

To avoid this confusion, focus on a CLEAR breakout, that is a close definitely above the consolidation area. If you get that breakout price, make sure you have significant volume to go along with it. Those 2 points are essential.

My opinion on WFR is that it's still flagging and you got in a little too early. The candle 2 days ago (the potential breakout one) was on VERY light volume. The last 2 were on increasing volume, but the price action is downward.

It wouldn't surprise me if it does break out from here eventually, but it could retrace a bit too since it's so high above its trendline.

You can hang your hat on the huge breakout candle 1/26 on strong volume. That's a very good sign.

$55 would be my flag breakout signal on big volume. You might consider using the current ATR as an exit to the downside.

Either way, Gary, the word 'nervous' should NEVER be used. You have a plan, you take the trade, and you work the plan. There's never a reason to be nervous unless you didn't properly prepare the trade.

Hope this helps!

Brett,

You just opened my eyes a bit here. I have gotten into trades in the past and I was NERVOUS..a sure sign I did not do my homework. Thanks for all your insight.

Bob R.

BOB R, I ALSO GOT IN ON (WFR)3 DAYS
AGO.I BAILED TODAY BECAUSE IT CLOSED BELOW MY LINE IN THE SAND,AND WITH VOLUME.
I ALSO FEEL THAT THE INDUSTRY GROUP
IS SUCKING WIND AND THAT COMBINED WITH THE OVERALL MARKET CONDITIONS
MAKE THIS FLAG LOWER PROBABILITY OF
SUCCESS. IT SEEMS LIKE BRETTS EGO
IS BREAKING OUT ON GOOD VOLUME.

Ouch! Nothing like a shot from Anonymous!

ha-ha I have you back Brett! Go Apple! (Insert Rocky song)

Danny DR

Danny,

looks like Jobs' options issues are back in the news again. This just won't go away, will it?

Anonymous,

I am not in WFR, don't know where you got that info.

I appreciate all of Bretts posts along with everyone elses. We are all here for the same reason, hopefully. If I can profit on EGO, more power to Brett.

Bob R.