Robb's Robust Rockets

**IIC** · 01-27-2006, 12:26 AM

Originally posted by Lyehopper

IIC... Do you use stockcharts.com too?... I'm guessing Robbb is using stockcharts.com cause that's what he posts.... I don't subscribe to them.... Yet.

Yes I do...I have R/T Stockcharts.com...It has its faults...But I think it is a good value...especially since I get so many free months for referring people (Unlike DGO)...Sign up...Referral is [email protected]

**skiracer** · 01-27-2006, 07:27 AM

Originally posted by Robbb24

Congrats all on hitting the semiconductor sector hard the past few weeks...our efforts are paying off nicely. Still positioned in KLAC MRVL and SMH. Here are a few more bases in play here. CAT flying on earnings out of its long base.

http://trimurl.com/48D

http://trimurl.com/48E

http://trimurl.com/48F

http://trimurl.com/48G

Here's an update on last nights SMH bullish wedge/diagonal. Should see more upside out of this tomorrow based on tonights reports.

http://trimurl.com/48H

Robb,
I see that you called SBUX an ascending triangle. Was that a typo on your part? Isn't that more of a symmetrical triangle? It's no big deal to me one way or another but I see that Dave didn't call you on it. I couldn't call it an ascending triangle in the true sense of the definition. Then would you call KDN an ascending triangle also.

**DSteckler** · 01-27-2006, 10:18 AM

SBUX is in a descending trend channel; I don't see it as in either an ascending triangle or symmetrical triangle. Robb, what was your reason for using the 11/10 low to construct a triangle?

The attached chart is very interesting.

http://www.ttrader.com/mycharts/display.php?p=38426&u=dave&a=MyCharts&id=690

You can see the descending trend channel but take a gander at the Gann fan. Note how at the 1X3 line, price pretty much held the line as support from the September low until 12/8, when it fell through big-time. It attempted to get back above this line on 12/15 but failed, in line with the TA maxim that support once broken frequently acts as resistance when tested.

Now please look at the 1X2 line. The price decline on 12/30 halted and SBUX rebounded sharply on 1/3. It pulled back from the 1/5 high and bounced upward along the 1X2 fan line from 1/11 - 1/17, fell below it on 1/18, then last Friday (1/20) made a huge move lower. Here again, support once broken acted as resistance when tested.

If the current downtrend is still in play, SBUX should run up and stall somewhere between the descending trend channel resistance line and the 1X2 fan line. It should then fall back down and approach the channel support line. If the 1X2 line is taken out on the upside on a closing basis, particluarly on good volume, that would indicate that the trend is changing. SBUX did close yesterday back above its 20-day EMA and that's a pretty good sign that sentiment may have shifted back to the upside.

**Trevormore** · 01-27-2006, 11:03 AM

Scsc

Curious if anyone knows anything about this company...rev's and eps look fine...small float...and stock sellf off today...wonder why. Not in it...but am thinking about it especially on this 3.5 pt fall...hmmm

**DSteckler** · 01-27-2006, 12:31 PM

SBUX broke through the resistance line of the descending trend channel. Nice pick-up, Rob.

**New-born baby** · 01-27-2006, 02:11 PM

Announced earnings today

Originally posted by Trevormore

Curious if anyone knows anything about this company...rev's and eps look fine...small float...and stock sellf off today...wonder why. Not in it...but am thinking about it especially on this 3.5 pt fall...hmmm

They announced earnings today. Somebody must have been disappointed.
Fell right to support, too. Might be a good place to enter . . . be aware that today's fall makes an island reversal, and that chart formation is about 90% accurate. Makes me quite leary of this one.

**spikefader** · 01-27-2006, 02:19 PM

Originally posted by skiracer

Robb,
I see that you called SBUX an ascending triangle. Was that a typo on your part? Isn't that more of a symmetrical triangle?

Is he talking about the 3-year weekly for the ascending?

**Trevormore** · 01-27-2006, 03:29 PM

Sirf

For those that missed the run up in SIRF from 29 to 33....look at the 5 min chart...very nice looking bull flag in my opinion....might be able to ride it up another point and a half on the breakout above 33.75...right now its 33.60

**skiracer** · 01-27-2006, 04:40 PM

Originally posted by spikefader

Is he talking about the 3-year weekly for the ascending?

Robbs post #192. First URL.

**Robbb24** · 01-27-2006, 06:54 PM

Originally posted by skiracer

Robb,
I see that you called SBUX an ascending triangle. Was that a typo on your part? Isn't that more of a symmetrical triangle? It's no big deal to me one way or another but I see that Dave didn't call you on it. I couldn't call it an ascending triangle in the true sense of the definition. Then would you call KDN an ascending triangle also.

Dave and Ski...My bad on the description...it should have been termed symmetrical triangle based on the draw. Dave I'll take your descending channel over mine <g> I redrew that SBUX pattern a couple of times as it was forming. I think one thing we can all agree on is that the descending upper trendline was significant and it cleared today. I think it heads higher from here if the market allows.

Check out the nice tight bull flag forming on QCOM...

http://trimurl.com/48V

http://trimurl.com/48W

SOX hit its 3 year price resistance in the 560 area and reversed some.

http://trimurl.com/48X