play4trade

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I had to search for this leg start on lower time frames, which doesn't leave me so confident with this move, but I am going to stick with it. I think they will test it, and because downward momo still needs to be worked off, I could see a large move to this area, followed by intense buying.

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I put this together quickly, but everything is pretty much accurate. We should start seeing bounces as we approach the Start let of 115.39ish(more or less), and accumulate then head higher toward the last important SL of 124ish. After this, I will be looking for BIG SWING to new lows... Take a look at my GLD Monthly chart I posted recently, and you will see why....

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We can easily see distribution occurring. I have out lined important levels. Big Picture on Daily/Weekly/Monthly is MEGA BULLISH(even more than SPY if you can believe that). But we are approaching SERIOUS resistance at the 2000 levels. After we break out of 100... 115 will come, but it will be a slower rally as that will see a MAJOR rejection. BIG MONTHLY levels...

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Understand where the big bounces will occur at. Daily & Weekly levels that coincide w/ each other will have the largest bounces because they represent an area where buyers defended the level for the particular day and end of week. Vice versa when going higher when hitting a level where sellers defended. This 1 hour chart gives good levels, but your perspective...

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Here we can see on smaller time frame how CSX is breaking down by 1st distribution after it broke out of it's parabolic move. After distribution, they can mark price down. Important to pay attention to EVERYTHING. Bigger Time Frames give you PERSPECTIVE of the whole picture, but the smaller time frames are great for identifying exact targets and finding congestion...

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Currently have a price target of 32.07 as target for this stock, to test what it just gained, then MUCH MUCH higher it should go to test all of the SL levels.

play4trade

Most people do not know how to find levels... It's an ART... Not easy at all... I still find myself getting better... You have to be very detailed, and it's not simply support and resistances... Watch the momo on smaller time frame. That will indicate we are approaching IMPORTANT level if it is slowing down... Expect a few pops from same level area before real...

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I have, in my honest opinion, a VERY conservative target of 29.98. I believe this stock will soar much higher... An unreal buying opportunity is coming shortly around 18.58. This stock will soar undoubtedly.

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HUGE Swing Long Opportunity should come around 77.49. Until then, ride 'er short.

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American Airlines hasn't really flown any friendly skies in this chart... Lots of volatility, but chart is very discernible & predictable. I think very nice swing opportunity long swing opportunity will present itself around 33.35

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$JCP setting up for a gorgeous up move to 12.36ish... Be patient if you aren't comfortable going short. Buy opportunity coming soon.

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$AAPL has gone parabolic w/ market, but needs to distribute, then accumulate in order to continue its parabolic run and meet measured moves near the 120's. Good time to be patient and wait for buy opportunity or ride down short(like myself), then buy.

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No reason to think market will crash/capitulate. It MUST distribute 1st, AFTER we break parabolic curve. We should come down a little in coming weeks, but healthy for more upside.

play4trade

Biggest mistake most traders make(including me) is that we look at the small time frame, and we have no frame of reference of what's going on. GLD had Huge MOMO to the downside. and it takes time to work that off. Looking for lots of swings on way down to 98.63, which is the BIG TIME BUY area for FT of Start Leg. TONS of $$$ to be made on swings...

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Nice smack today. Looking for follow through and ultimately 29.00. Like many equities, Smart $$$ should be accumulating on way down and will explode at SG areas.

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Classic Distribution. Looking for down move then bigger move higher

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Distribution looks to be in process now. Looking for 83.47ish

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$P had to exhaust every leg in the tight range it's been in since May/June of this year. Now that it appears complete, it should fly.