Owner: Just Charts URL:http://just-charts.blogspot.com/ Join Date: Sun, 26 Aug 2007 16:50:44 -0500 Rating:0 Site Description: Elliott Wave, StockPattern and Fibonacci StockCharts setups for investing & trading Site statistics:Click here
Wynn Resorts (WYNN) 2007-08-26 06:10:26 25.8-2007 Wynn Update. Stock took wave ii exact turning point as I placed 50% retracement and pointing it´s wave now as famous iii. This is very good stock together with NTAP, I like these technical condititions.15.7-2007 Wynn Update. Stock longer run future looks good at fundamentaly, there´s plenty of technical platforms now after stock blow-out to wave 3. I would say stock will retrace now either 38.2 or 50% fibonacci retracement lines before rail away again. July charts spots elliott wave count. One can also now label this break for much smaller waves as 1-2-3-4 impulse where iv would be placed now to these same fib support lines (38% + 50%), but now its very important to see possible alternate also, if you place that passed ABC correction with one bigger timeframe A, then this blow-out occured could be only B wav and wave C to downside would be expected, the fact there´s big impulse wave behind us now (wave1) and actual target hit allready (size of the wedge) - This would be ve Read more:Resorts
Palm (PALM) 2007-08-25 17:13:22 21.7-2007. Update. Palm broke it´s shorterm wedge as expected to upside, touched sma 200 and sma50 line to fall back and just and just above upper wedge trendline which is very usual habit when breaking ending diagonal pattern. Charts is not updated as overall technical setup view has not changed. I filled first upmove as wave1 and second one to downside as wave2. Wedge size is pretty much traded now, but if this scenario is now correctly placed, there should be even more powerfull movement ahead of us as starting wave3. Overall, I think this a-b-c pattern was very beautifull and still is the one, would like to scan even more similiar investment setup opportunites.My longerterm chart does not make sense so clearly, but is important as justified strong basements for this pattern. Original thought about Thomas Weissel charts came exactly similiar as palm did, just doublebottom, palm didn´t actually fall quite so deeply as I placed bigger c at the first stage, but who cares about 1 dol
Cadence Design Systems (CDNS) 2007-08-25 17:05:32 22.8-2007 Cadence
Update. Shorttime StockChart shot as stock offering now also more angry behaviour setup for us.Head&Shoulder, DoubleBottom, Ending Minor Wave IV as simple zigzag A-B-C with Fibonacci 50% retracement, Simple Moving Average 200 days Support. Perhaps I missed something.(Alternate would be then 1-2-3 > IV now up and then V to .618 - the actual golden mean, which I don´t belive is now issue.)Stock Charts Courtesy of www.WallStreetTape.com Read more:Systems
Applix (APLX) 2007-08-25 17:03:56 Decent Basement. FibThis. Btw. remind you interested of waves, Elliott Wave International free week services starts today, you can see their EWI estimates by just clicking that small banner on the top, right side of this site.Stock Charts Courtesy of www.WallStreetTape.com
Business Objects (BOBJ) 2007-08-25 17:00:42 Business Objects shows how 61.8% fib is taken out. Unfortuantely this comes one day late as BOBJ took beautifull +5% start, that´s not my fault, blogger service was globally today down over an hour, but should offer more as chart broke also much bigger 23,6% fib projection.Stock Charts Courtesy of www.WallStreetTape.com Read more:Business
Cohu (COHU) 2007-08-25 16:59:23 Stock Charts Courtesy of www.WallStreetTape.com
Ansoft (ANST) 2007-08-25 16:53:57 Stock Charts Courtesy of www.WallStreetTape.com
Mentor Graphics (MENT) 2007-08-25 16:52:06 It seems market correcting from here recent agressive bull mode so, it´s time to find even more agressive oscillators setups for upside. Take a look at this and now I mean your own oscillators. I would say this is on its way to SMA200 line, at least. I am getting a real lot of buysignals from different robots for this stock. Big picture looks alike a one huge cup-handle, where handle took build as very deep one!This is very unsual pattern at my experience, since it has fake all the fib retracements pretty deeply also before turned to upside. It´s also not so usual to find 2-3 monts divergences in all oscillators like this one without price makes hardly any upside movements at so far. That longrun macd is absolute beauty.Stock Charts Courtesy of www.WallStreetTape.com Read more:Graphics
, Mentor
Google (GOOG) 2007-08-25 16:49:42 23.8-2007 Google
StockCharts Update. It seems there was bearish wedge recently in this search engine stock (well, actually google is lot of more than that today). More importanly it tested very importan fibonacci support together with SMA200 days line.One might consider that I came nutshell, but fact that google building very big bearish wedge. It doesn´t matter what stock is going to do now or tomorrow. I don´t think it reflects either to the recent & overall market volatilty. There´s something about google which will on future to appraise everyone attention. I didn´t do fibonacci calculation for the reason I need even bigger timeframes and recent year emissions have no data enough. It´s bearish wedge and certainly I will not want to be at the wrong side when it´s going to blow itself. However, remember, this shot have absolute nothing to do with shorterm behaviour as patterns building itself from 2006! Most likely when times come, we will have very bearish oscillators available
Bed Bath Beyond (BBBY) 2007-08-17 07:58:50 Where are the consumers ? I was reading today harmonictrader and added some alternate wave labelling together with wave principal. It´s not rare that impulse wave5 is the longest one, but it´s possible - mostly seen in commodity market. The last candle and oscillators are quite shining for this stock now. There´s also very strong double bottom not far away if sellers will take market to control later on. Read more:Bed Bath
Nasdaq --QQQQ - Ndx 2007-08-16 20:52:03 Market will rally from here for shoterterm, well, it rallied allredy amazingly, but actuallly some damage has been done allredy for index in the bigger picture, I would not count yet that 38% retracement offers us kean forever keeping platform for this correction. This wedge is broken now and it´s size is not finitto in here, even, I still believe this wedge is too weird case, because there´s no boundary touches to label it - keeping longer term view as bullish and expecting this to get broken upside when times comes. However, drawn some neckline where there could be more stronger plate also with fibonacci retracements. Nasdaq
up 60 points from days low, that´s volatility! QQQQ last candle is very bullish one.
Electronic Arts (ERTS) 2007-08-16 20:07:13 17.8-2007 Electronic
Arts stockcharts update. Gamesworld update with 2 charts, taking a bit shoterterm spot, as those 2 others shows a bit too big spots. Note that erts overall wave is very complex zigzag in here. Ie last range won´t correct passed impulse in here as it would breake every rulez of wave principal, it´s just making zigzag where complete picture will clear when times come. Shoterterm it has very bullish candle, but I don´t think this is real impulse pattern in here as for my experience it´s not issue with expanding triangles. 50 Days sma is now below the pricetick and 200 sma right above. Read more:Electronic Arts
Celgene (CELG) 2007-08-16 18:48:54 No counting, no zigzags, no motive waves either at this time, just simple beauty, could be called holder paradise or tunneling paradise, that yellow line is simple moving average-200.
NetworkAppliance (NTAP) 2007-08-15 20:50:24 16.7-2007 NTAP StockCharts Update. That was beautifull once again as technical terms, double bottom together with .618 fib projection (with marginal error). Company reported today and it seems stockprice rocketed now up to reach exact 25.56$ where strong resistance exist again as 50%. However, it´s pretty obvisious now that wedge presented before came to end now and actionary wave was taken as reversal. This is very volatility stock indeed to move.Note that these sizable fiblines are not very small one´s and they really take their actions to nail price either directions as previous charts made their points allready. Smaller timeframe wedge, pointed out in the older chart with elliott wave counting is ended now as one can see, but that wedge is so deep that if you look at it´s size, it does not have to offer actually much room with priceterms, it is just too deep!. If stock can breake this 50% in here now there´s room to roll for 28-29 where more serious fibresistances come to beha
NetEase.Com (NTES) 2007-08-13 18:05:14 Netease conference call is ahead us. Let´s take look this high standard deviation stockchart with elliott wave and fibonacci theory approach. I added one more tool to the chart known as famous W.D GANN angels to confirm same support platforms where both fibonacci projections does (50% + 61.8% retracements) stands. There´s plenty of technical events with this stock. Another shot might be more difficult to read for this reason. There´s alternates approach in the charts. These possible fib projection targets for turnaround case presented with 2 different time-zones. Note also that ChinaTechFaith is going to report now, possible elliott wave count located in my catalog. More comments you can spot inside the charts. Also with NTES, we might have new impulse/motive waves ahead of us and not far away for possible turnaround. I do assume my readers comfort with technical events allready as one can see this huge head-shoulder pattern which is not ready in here, right shoulder would not be pl
Dell (DELL) 2007-08-13 12:32:17 13.8-2007 Dell StockChart Update. Since stock touched allready SMA200 line & Fib 50% Projection + reversed, considered at least wave4&b to be on action. If oscillators will confirm the original stockcharts again (IV correction), I might assume that questionable wave IV placed correctly.I scared too after read first row of this news,don´t be scared, google just became dell´s customer.
Gilead (GILD) 2007-08-13 12:05:21 Consider as GILD turnaround is immediate. It seems this trading channel is coming to end now. We have beatiufull oscillators with plus divergences now also. This is just a first bullish candle now for GILD and timeframe is pretty much coming to action now.
Joy Global (JOYG) 2007-08-13 11:21:40 Joy Global
, Mining Machine Stock and only one in this sector in QQQQ.Possible basement building, but oscillators won´t confirm it yet.
AutoDesk (ADSK) 2007-08-13 10:50:57 Autodesk Inverted Head&Shoulder pattern, considered as new motive & impulse wave on action now. Ended wave 2 for SMA200 line&RSI30, wave 3 should be able to clear SMA50 line soon. There were also much smaller wave2 just taken out. My immediate target for this wave count stands at X1.618 wave size 2, which should easily solve previous doubletop marked in the chart.
Amgen (AMGN) 2007-08-13 09:54:55 13.8-2007 Amgen Elliott Wave Chart Update. As mentioned before didn´t have a clue what Amgen is doing, but might have now. Take a deep breath and look the older chart also what´s located in the left side and which price target it pinpoints. This company is also most heavy component in Biotechnology Index (besides it´s also one QQQQ/NDX component).
Broadcom (BRCM) 2007-08-13 09:27:20 13.8-2007. BroadCom Update with One Chart. There´s now another tradesetup building for BRCM. This is very wedged stock now. Big Wedge came to about break-out mode now, green bullish wedge has not either rocket it´s full size yet but far more interesting is bigger wedge as it´s size 10$ and points out that stock shoud be able to reach one wave from 36,50 to 47.50$ . Small bullflag were placed beautifull together with DMA200 + upper wedgesupport line. Watch for possible break-out. Older chart below blew up allready as marked before. My immediate target for stock is now 47$ as wave minor wave 1, Broadcom might test that line a few times before actually breakes it as it has it´s size.(RTTNews) - Nokia (NOK) selects Broadcom's (BRCM) single-chip cellular baseband processor and PMU for future EDGE phones.)
Intel (INTC) 2007-08-29 19:59:28 30.8-2007. Intel
Update. Elliott Wave & Ending diagonal zigzag update as Intel started new impulse wave. Corrective wave 2 should be behind us now and Intel also build small size bullish wedge, which with these green soldiers should be solved now. It seems I watched this case too early as entry signal, but better be early bird as late one (unless you´re married with naked call options theta). When we have powerfull motive wave 3 upside, there´s not much room for stock to correct downside and this was the case in here also. Market has made trendemous movements also to downside in recent weeks, but Intel didn´t care so much about it, so it´s good news for both of you, the one who holds Intel and for you thinking that there´s end of all portofolios and only captain holds in the deck of sinking RoyalShip.Surprize, there´s still market and there´s individual stocks and these two won´t allways handle with the index and necessary pointing to the same direction. Even, I think I read th
Tom Online (TOMO) 2007-08-13 08:41:37 13.8-2007 Update TOMO with one Chart, yes, we are flying as estimated, but there´s need now to solve one another channeling range. One might also see as it inverted head-should, not a perfect as left shoulder stands much far too left side in the history, but after all - it´s inverted something. I don´t think this channel will cause more problems either for the TOMO pricetick, should be considered as just another break-out when occurs.Very interesting situation for TOMO. 50/200 moving averages has just crossed. for this stock also, look at those last 3 candels. I think this stock is going to move very quickly to direction or another as horizontal triangle starting run out of fuel.TOM Online Inc. (Nasdaq: TOMO, Hong Kong GEM: 8282) is a leading wireless Internet company in China providing value-added multimedia products and services. A premier online brand in China targeting the young and trendy demographics, the company’s primary business activities include wireless value-added ser
CH. Robinson (CHRW) 2007-08-13 08:14:23 13.8-2007 Update with one shot as 2 smaller size wedges behaves and smaller one is behind now. Stock took shortterm fib .618 % + DMA200 as platform to bounche. The intersting thing or thougt what I found out that actual "pennant" as better known in technical world express and to recognice this stockpattern when filled with elliott wave structure as corrective consonats makes it much better way to be recogniable. The smalle wedge looks pretty much more pennant as wedge and consider that fact that it started upper line, it should be small bearish one as it was. Now, the bigger diagonal should start to behave.10.8-2007 Fib .618 for shoter period offerred support as well as longer term neckline with 200 days simple moving average. Stock trades now at 49.39 $, which is allmost todays new low. Read more:Robinson
Logitech (LOGI) 2007-09-24 13:01:46 24.9-2007 Logitech
StockCharts.Fight with SMA-200 line. Unlike clean wedges horizontal triangle does not allways mean the stock is slotmachine and will solve it´s pattern upside. Follow this one closely, if ewi calculation is correctly expressed -this will be angry behaviour. (Yellow shows 200 days simple moving average.) My recommedation is to chart this stock with you own indicators basket. This reminds me a bit NVDA passed case, where stock actually went just below SMA200 to shake stock away of from weak hands and tradingrobots before wave3 started to show it´s action.Stock Charts Courtesy of www.WallStreetTape.com
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