Posted by 29 December 2003

New 52-Week High for the NASDAQ

Today the NASDAQ finally closed over 2,000 and took out its November highs. This is the first close above 2,000 since January of 2002. It’s hard to argue with the price action in the indices. About the only thing that I don’t like is the fact that this NASDAQ high is on lighter volume than [...]

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Posted by 17 December 2003

Trading Cup & Handle Patterns

Here’s an article on how to trade Cup & Handle patterns — Cup-And-Handle Trading Techniques For Swing Traders. This pattern can lead to impressive gains and it’s the favorite of William ONeil/Investor’s Business Daily.

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Posted by 16 December 2003

Charts are a Mess

I just finished running my scans and all I can say is that there’s something for everybody out there. There are lots of stocks that have just been going straight up all month, and many that have been getting crushed all month long. It would appear that the rotation into cyclicals and large caps and [...]

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Posted by 16 December 2003

Do You Buy Breakouts? Think Again (Part 2)

Larry Conners has written a follow-up to his article from last week on breakouts vs. pullbacks — Do You Buy Breakouts? Think Again (Part 2). The results are very interesting. (Again, I’ve archived the article here)

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Posted by 16 December 2003

How to Trade Opening Gaps

Here’s another good (and timely) article by Dave Landry — Opening Gaps: Trade ‘Em, Fade ‘Em, Or Ignore ‘Em? (I’ve archived the article here)

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