Thursday, January 6, 2011

Charts to Focus on during Scans

Developing.......

Narrowing down my watchlist and selecting the best possible setups to trade.  Focus on the best setups and best chart patterns.  Best paterns are High and Tight Flags, Triangles at their Apex, and Ascending and Descending Wedges at their B/O levels.

Look for MA (multiple) near support levels, BB tightening up

Example of High and Tight  Flag

JOE (NYSE) - 01/05/11 - 01/06/11

Triangle at Apex 

SHZ (AMEX) - 12/29/10 - 01/04/11



Ascending Wedge @ B/O Level

Descending Wedge @ B/O Level

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