Here are some charts that caught my eye as I went through my scans today -- ADBE, EXAR, GOOG, GRMN, ITRI, MACR, MNTA, NBIX, PALM, PLAY AND RAIL:
Charts, Charts and Even More Charts
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I read some of my favorite blogs and found that everyone is giving optimistic comments about Google (GOOG) at the same time. Read More
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Essential Reading
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Mike, Think you have something on ADBE there! In the last 10 years, the highest this stock has been to is 43.38 seen on 6th Nov 2000. If you count the number of days from that date, then on 31st July 2005 it is 1728 days, which is 12 times 144. Now any cycles trader would know the importance of 144 and its multiples. So 31st July (or today, which is the first working day after 31st July) could well be a short term top for this stock. Besides, 31st July is also exactly 60 days from the 1st June 2005 high of 33.44. Multiples of 30 counted off previous trend change highs are significant too. So staying short with a stop above the high posted Friday is a good idea.-Ramki
Don't forget that ADBE is buying MACR, so their charts *should* be moving in synch...
Details, deatils! ;-) I thought I remembered something like that but I didn't see the usual 'acquisition pop' when I looked at the chart. Thanks for pointing that out.