Steve wanted me to take a look at Google. Monday, in the DaytradeTeam trading room, I said that I thought it was destined to hit $500 in short order. Once it broke the old all-time high of 475, I figured that a short squeeze could easily push it several percentage points higher to [...]

Well the Fed finally took a break from the long string of interest rate hikes and the market reacted negatively. This pause by the Fed made me flash back to the January rally. I was on vacation and checked the market news after I saw a huge rally on a TV ticker. [...]

Erik wrote:

Could you please take a look at MET for me and tell me what you think. This is a high volume slow mover but I think it could be ready for a big push upward. It looks to me like it’s been hovering around it’s 50 moving average building strength with steady volume. Does [...]

Barrett wanted a chart of MDRX:

Forming a triple bottom with lower highs after each bottom…what do you think? I am kind of new at this technical analysis.

I do see that potential triple bottom. But I think that, similar to a double bottom, it won’t be confirmed until the stock trades (closes?) above mid-point(s). [...]

Here’s a long term look at Viacom’s chart for Doc Dan:

Tags: Descending-Triangle, On-Balance-Volume-(OBV), symmetrical-triangle, Triangle, Viacom-Inc.-(VIA)

Here’s my answer to the following question which was posted in my comments yesterday by Gary:

I’ve signed up for an evaluation of TC2000, which I was previously unaware of. However, after studying Worden’s videos and Help Contents on individual indicators, I’ve tried to find out if they would recommend where I could find info on [...]

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day [...]

Today the NASDAQ finally closed over 2,000 and took out its November highs. This is the first close above 2,000 since January of 2002. It’s hard to argue with the price action in the indices. About the only thing that I don’t like is the fact that this NASDAQ high is on [...]

There’s been a ton of hype the last few weeks about this great rally we’re having. Well guess what… the Dow and S&P 500 are exactly where they were on June 4th. Yes, the NASDAQ has shot higher, but I have my suspicions about the real reason for that (a short squeeze). [...]