Twitter Weekly Updates for 2012-02-19

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Quick Update

The ADM short trade is off. It broke through the stop loss today.
I am long CLR and KLAC since yesterday. The action in leading stocks remains bullish.

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Twitter Weekly Updates for 2012-02-12

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Website upgrade

Please have patience with me as I upgrade the functionality of the website. There are many trades to follow-up on and several setups to describe. Some of the charts that I need to update are SWI, CSCO and NTGR.

The market is acting very bullish still and the skepticism out there will fuel the market higher. I’m hearing and reading a lot of politically motivated gloom and doom commentary out there. Be careful and don’t let your politics get in the way of making money. Politicians don’t effect the economy as much as the political hacks (on both sides) try to make you believe.

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Twitter Weekly Updates for 2012-01-29

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Combining Sequential Signals and Gartley Patterns

I saw these two charts in my scan of the Russell 2000. Both are examples of how I like to combine separate signals, which in this case is a combination of a Sequential sell and a bearish Gartley pattern.

So would I trade either of these?  No, because the volume is not confirming the signals.  Ideally, I would like to see volume shrinking at the highs and both of these charts have very strong volume near the highs.  Sure, the trade might work, but I like to have volume confirming all of my bets.  This link is a video of Tom O’Brien and it shows how I like to use volume with pattern recognition.

MUSA Sequential-Gartley Sell

IPHI Sequential Gartley Sell

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