Apsll Thanks for the analysis. I don't trade this stock & I learned a hugh lesson from the 2 charts. Thanks for posting the second chart and the indepth work on your part. 

Also, learned much from you and agm32(?) & david. The chart analysis between you guys sure helps me to learn and gives me some "bullets" to learn to use.

WW, you should not have let Apsll talk you out of this stock. 

Hey Dryfess,

I think I'm missing something here.  I didn't see anyone talking anyone out of a stock.  The only call I see here is:

I would put my buy at $27.50 and a stop at $25.90 This also looks good on the Tobydad Profile.

I also see this:

Be carefull because it appears the price has bounced right off a strong ressistance level. 

Then this:

Now I still think that if we can just get past that level then good things will happen.

Price did make it past the resistance line and good things did happen.

I honestly don't see anyone talking anyone out of anything.  If you put up a pick into open forum you are inviting discussion.  Otherwise, why post it?  Why not keep it to yourself and just trade it?  

If only one person puts up their thoughts on your pick, do you have to take those thoughts as gospel and abandon your own analysis?  No.  

Instead of critisizing another's attempts to contribute, why not post your own charts with your own analysis and then the original poster can have even more food for thought which I am sure was his original intent.

Good luck all. 

David John Hall

Yeah you are missing something. If you read the tone of WW's post, he missed out on the buy because he was discouraged by Apsll's post.

Posting a chart for debate is one thing but if you are going to post a pick, then you should be held accountable.

dryfess you are 100% correct. WW made a pick and he alone is responsible for the trades that he makes.

Posting a chart for debate is one thing but if you are going to post a pick, then you should be held accountable.

The only person who is accountable for anything on a message board is the reader.  If you come to a message Board and you mistake it for a stock picking service then buyer beware.

Even if you subscribe to a stock picking service the accountability STILL lies with you.  In fact, the accountability ALWAYS lies with you.  

You still did not answer where is Apsll talking WW out of the trade?  In fact he agrees and says there is upside afetr the resistence area that WW himself mentioned.

David John Hall

sorry apsll, but you have your fib retracements drawn from the wrong pivot point. what constitutes the one to use is a whole new subject. you are close though and I give you credit for that.

even though this is a relatively simple system, sometimes it gets complicated by the mathematics in the background. to fully understand the pivot points, you need to not only read but to comprehend the elliott wave principle and it is well known the distaste that you have of elliott wave. so my suggestion is; if in doubt, do not use it.

I would also like to point out that the success rate is not really all that high. there will be many failures. but the beauty of it is the r/r. losses are small and the wins are very high.

I have all the parameters built into my software and do not have to go through the gruesome task of searching thru bleary eyes for candidates that meet the criteria thanks to maverick.

here is your dtsi chart with the pivots shown in green or red arrows and fib retracement lines shown in red, blue, and yellow. also note that the current correction is displayed at the top of the chart.