Posted by 26 February 2007

Fractal Fantasy

Michelle B submits: After noticing PSA on the top ten losers’ scan on the NYSE during this past Friday morning, I checked out its daily and saw a potential second, measured down leg from a bear flag: PSA gapped down a bit at the open, did a down leg, based at its lows, and then [...]

Read the full article
Posted by 20 February 2007

Poll: What does NR7 Mean?

I just got asked a question via email about my NR7 TeleChart scan. I built it to compare the current (right-most) bar to the previous 7 bars. The person who emailed me had his own NR7 scan which compares against the previous 6 bars. I’ve seen this discussed before and I know people interpret it [...]

Read the full article
Posted by 22 January 2007

Jan. 22, 2007 Recap and Stocks to Watch

We had some pretty good selling early this morning but there was no follow-through later in the session. I’m sure that oil’s early strength and subsequent failure has something to do with that. There was a bit of technical damage done to the Nasdaq and Russel but that damage occurred on declining volume. Charts of [...]

Read the full article
Posted by 9 October 2006

Narrow Range Bars (Range Contraction)

The other day I got the following email about narrow range bars: I was going through your site and others and I keep on hearing, no entry on narrow range bars. What is a narrow range bar, and could you send me a picture of one? A narrow range bar (candle) is simply a bar [...]

Read the full article
Posted by 17 August 2006

How I Monitor So Many Stocks for Narrow Candles

I guess I need to keep the “how I trade” post at the top of the site and put in in flashing lights or something. I wrote that post to answer 95% of the email I recieve yet I still get the same questions over & over. I ‘d better hurry up and make a [...]

Read the full article