9/1/2009

Watch list:
CME: triangle break out, support at 270
TRGT: time correction, break out
SWSI: J-hook, target 11
SPPI: breakout
CTFO: breakout (close to high, note)
HDNG: high potential, breakout
CBPO: breakout

8/31/2009

P&F Triangle watch: MSSR, if break 9

Jhook:
SLAB
LCRD

watch list:
elon
sopw
itri
ebix
ANDE
LCRW (W shape)
UEPS
QLGC
RJET (w shape, both daily and weekly)

J-hook pattern

The J-Hook during an uptrend:
-Needs an existing uptrend on strong volume
-Needs a price correction on lower volume (*for the difference between a price & time correction, see diagram at the bottom of the post)
-Will show price bars expanding and volume expanding at pivot
-Initial Entry: a breakout on strong volume above the previous peak
-Secondary Entry: either during the formation of a bull flag/pennant, or on the breakout exiting the flag/pennant.
- – -
The J-Hook during a downtrend:
-Needs existing downtrend that is exhibiting an exhaustion in selling pressure.
-The pivot point is usually marked by multiple doji, hammers, and other reversal candles.
-Volume will generally be higher during the downtrend, but should lighten up when most of the selling is finished.
-Initial Entry: on a strong breakout above major downtrend resistance. Usually, this is marked by a strong gap up on large pre-market volume.
-Secondary Entry: either during the formation of a bull flag/pennant, or on the breakout exiting the flag/pennant.
- – -
The J-Hook within a neutral range:
-Needs existing neutral range on light volume.
-Mark a slight dip below the range with slightly increased volume. At this point, you won’t know that it will be a J-Hook.
-The pattern materializes when you see an immediate reversal as it reaches upper resistance pof the neutral range.
-Initial Entry: a breakout above the neutral range on strong volume.
-Secondary Entry: either during the formation of a bull flag/pennant, or on the breakout exiting the flag/pennant.

8/27

ABK: break 2.25, will buy
MBI: break 7.5
C: target 7.
OSK: self-similar in P&F

Trade, 8/25

Cresy: break channel, P&N downtrend break

AMD: P&F triangle (anticipated), regular triangle break