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Registered User
Joined: 3/5/2005
Posts: 10
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these are some stocks that look interesting based on fib based and classic pattern analysis...most have confirming weekly's and / or monthly charts. I use them primarily for shorter term swing trades, but folks might want to run their own scans on the names and maybe come up with decisions (if any) on their own. If anyone has any thoughts on the names and what they're seeing, I welcome the feedback. Cheers 
Longs: ABI, HW, QLTI, KEYW, OVEN, TXCO, PNCL, CSCO, DIGE, HANS, ACO, LUFK, NILE, TALX,JNPR,
TRAD, PDCO, CIB, SNDK
Shorts: BZH, IBB, ERTS, IJR, TRID, USNA, EBAY, IACI, WMT, USG, AAPL, INFY, CHS, FISV, BBD
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Registered User
Joined: 3/25/2005
Posts: 67
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Hi fatcat,
FWIW, of your longs I like ACO, ABI, SNDK and LUFK the best. TXCO could be setting up for a pattern that I like, but I'd need to see a stronger bounce than the last 3 green candles for an entry. My timeframe is longer than yours though. In general, I am basically looking for relative strength vs. the leading groups and anomolous moves off of lows for my initial entries.
I'm not entertaining short positions at this time, so I have no feedback on those.
Cheers
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Registered User
Joined: 3/5/2005
Posts: 10
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Thanks for the feedback John. I am curious, are you following the FTD as a reason not to entertain shorts in the market, or some other technical rule. Personally, the lack of leadership (some banks recently)and hard gaps in many growth stocks has me thinking that it might be best served to be prepared from both sides of the market and trade position flat. Cheers
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Registered User
Joined: 10/15/2005
Posts: 13
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Fatcat, from the brief look at your short recommendations I like BBD, CHS, and AAPL. In fact, I picked up the AAPL Nov 55 puts at $1.15, now bid at 2.20 and will sell Mon or Tue more than likely. As for long, I only have ZICA at 2.20 and ORCL at 2.20. The longs you have already traded up, and I tend to take more risk than others and trade into a stock probably a lot sooner than others.
Good luck,,, Bestbob
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Registered User
Joined: 10/15/2005
Posts: 13
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Meant ORCL at 12.20,, not 2.20....
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Registered User
Joined: 3/25/2005
Posts: 67
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QUOTE (fatcat67) I am curious, are you following the FTD as a reason not to entertain shorts in the market, or some other technical rule. Personally, the lack of leadership (some banks recently)and hard gaps in many growth stocks has me thinking that it might be best served to be prepared from both sides of the market and trade position flat. Cheers
One might well be served to play both sides of this market as there is no real clear direction to the overall trend since about a week ago (the way I see it, anyway). I am just very conservative about short selling. You've probably heard the famous quotes from George Soros and others about short selling. I need more confirmation as to the trend of the overall market to go short. Consequently, I do not do much short selling. In fact, I have only held short positions for a total of 7 days since this slow, choppy slide began in early August.
I'm sorry, I'm not familiar with FTD. What is it?
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Registered User
Joined: 3/5/2005
Posts: 10
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the FTD is the confirmation day of a technical low, which shows upside volume and thrust. 10/19 was a FTD, the one before that was set in late April. IBD uses them as confirmation for entering into growth stocks. cheers.
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Registered User
Joined: 3/25/2005
Posts: 67
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IBD follow-through day. Gotcha.
I don't follow the IBD accumulation and follow-through formula, but I find that my "momentum anomoly" signals often correspond with the accumulation days. What exactly defines an FTD, by the way?
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Registered User
Joined: 3/25/2005
Posts: 67
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fatcat,
What did you see, before today, in PNCL that caused you to be interested? Hope you had some money in it! I see an obvious build up of volume and decent strength from the group, but no price action before today to attract my attention. I bought CAL on 10/20 which had a nice pop today, but not 34%.
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