iBankCoin
Joined Nov 29, 2008
329 Blog Posts

The Broadening Rising Wedge

The pattern in focus is the broadening rising wedge. The rally continues, but this is an intermediate-term consolidation pattern, one that may not have been clearly visible to most people.

I continue to see the lack of follow-through and so far, intra-day tests confirm it. Careful selection and money management play critical roles here.

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78 comments

  1. The Chart Addict

    Bought $APWR 12.82

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  2. DannyCali

    TMI

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  3. DannyCali

    NLST

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  4. DannyCali

    SPPI

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  5. The Chart Addict

    Bought $PARD 1.9899

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  6. The Chart Addict

    Sold $APWR 12.69

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  7. The Chart Addict

    Out $PARD 1.97. All cash until I get my criteria met

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  8. kaputer

    VVUS 8.23 up on volume and no news, potential to 8.50, if breaks 8.50 then 9.50-10. Is that a cup with a handle on 1 min chart?

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  9. DannyCali

    PLA is going down

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  10. DannyCali

    NLST is down too

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  11. white1h

    APOL if morning sell off finished
    school reacredited and now eligible for student aid
    bought 200 @ 57.76

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  12. The Chart Addict

    Bought $PARD 2.08

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  13. The Chart Addict

    Sold 1/3 $PARD 2.14

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  14. The Chart Addict

    Sold 1/3 $PARD 2.13

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  15. The Chart Addict

    Sold final 1/3 $PARD 2.18

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  16. white1h

    Stopped out of APOL
    cut my losses at 51.00
    tape seems to negative

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  17. kiddjones

    POT

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  18. DannyCali

    LVS break out

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  19. Purdy

    ALKS at 8.94, 6

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  20. The Chart Addict

    Bought $PARD 2.27/28

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  21. The Chart Addict

    Sold half $PARD 2.40

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  22. The Chart Addict

    Sold 1/4 $PARD 2.4701

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  23. The Chart Addict

    last 1/4 $PARD sold 2.28/31

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  24. mmk

    Hey CA, werent you asking about Detroit real estate recently? thought you’d appreciate this:

    The 80,300-seat Pontiac Silverdome and 130 acres of adjacent land just outside Detroit sold at auction for less than the price of some Manhattan studio apartments. A Toronto real estate firm submitted a winning bid of $583,000 for the big bubble and plans on sticking some soccer teams inside. Boo. We say go single-family mansion! Would amost be crazier than Palazzo Chupi.

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  25. DannyCali

    good eyes, CA. I saw it when it’s 2.42

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  26. Purdy

    A little AGO at25.94

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  27. DannyCali

    LLBO

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  28. kiddjones

    POT still trucking

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  29. kiddjones

    CELG

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  30. Gunners

    PARD has been great for daytrading today. scalped it twice already. thanks CA for mentioning it.

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  31. The Chart Addict

    Bought $PSUN 3.89

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  32. The Chart Addict

    Sold $PSUN 3.9611

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  33. DannyCali

    short NLST

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  34. DannyCali

    nano break out

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  35. The Chart Addict

    Bought $PARD 2.489

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  36. Teahouse On The Tracks
    Teahouse On The Tracks

    In IPI again @ $26.15 … swinging for test of old high

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  37. The Chart Addict

    out $PARD 2.43, too slow

    avg day

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  38. Teahouse On The Tracks
    Teahouse On The Tracks

    Looks like 4.65 will hold on MPEL .. adding here

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  39. Purdy

    short AGO at 25.50

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  40. Teahouse On The Tracks
    Teahouse On The Tracks

    Thanks DRYS !!!

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  41. kiddjones

    POT was smokin today…. and ended up HIGH

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  42. kiddjones

    yo chart!

    whats your thoughts on the $RUT?

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  43. kiddjones

    just saw this chart and looks like a good short. adding to watch list

    LINTA

    thoughtsanyone?

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  44. Cash-N-Guns

    buying thousands of shares to trade for a few pennies…that strategy is about to get goat fucked..mark it down.

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    • franky

      CnG – How would this change? Seems to me that strategy is the only sure one going on…

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  45. Mike

    Don’t forget gents:

    Nov 18 10:30 AM Crude Inventories

    Set yourself an alarm!

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    • Mike

      Triangle on /CL since about 9:00 this morning, if it holds (which it probably will with the current volume) the apex will coincide with the 10:30 announcement. In other words: HEADS UP

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      • Mike

        Very suspicious of this breakout, I won’t enter until the announcement. Seems a bit premature to be insider info.

        Here we go..

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  46. finclyde

    do any of you know of a good, free, real-time charting website?

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  47. Florida Traders

    BKX on the move BOT some DEC 16 BAC calls .92 – target $18.50

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  48. The Chart Addict

    Short some $ADSK 23.98

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  49. Purdy

    EGLE

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  50. The Chart Addict

    Bought some $EGLE 6.558

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  51. DannyCali

    Can we short on NANO?

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  52. The Chart Addict

    Sold $EGLE 6.48 lol shit trade

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  53. The Chart Addict

    covered $ADKS $24 flat.

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  54. The Chart Addict

    Everything is too slow. Not a day I want to waste time on.

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  55. Purdy

    short LDK at 7.76

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  56. Purdy

    long NAT at 32.13

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  57. Purdy

    short ADSK 23.93

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  58. Slick

    long CGA @ 15

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  59. DannyCali

    AENY break out

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