Some Charts to Watch
Posted on September 22nd, 2005 in Chart Reading
Below are charts of ADSK, AMT, AQNT, BRCM, FLSH, GMR, HAR, SIRF and TXN. All of a sudden there are a lot of good looking long setups out there. Given the condition of the major indices they may just be good for quick trades though. As always, we’ll see…
This post has 5 comments
September 23rd, 2005
Mike,
I had little to no idea what the charts really meant. I also had no idea what charts were best to watch. You have truly opened my eyes.
I have also ‘Spotlighted’ your blog, and this post, on my ReciprocityBlog.com…
Great insight.
J Christian Connett, CPM
September 23rd, 2005
Glad I could help… and thanks for the spotlight.
September 23rd, 2005
Good picks!
September 23rd, 2005
Thanks. Too bad I had to be away today. I really wanted FLSH today.
September 23rd, 2005
Interesting you brought up BEBE Mike. Bounced off nicely off support at $15. I know that you are a day trader Mike, but do you ever take into consideration the longer term trend or are you purely there for the quick in and out type trades? BEBE has runup nicely for the best part of 2 years now, and the recent sell down may be the beginning of a longer term down trend for BEBE. However, the weekly stochastic is getting closer to a buy signal. What are your thoughts here on BEBE?
Thanks
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