Robb's Robust Rockets

[SGriff]

o.k. fella's.Here's my thoughts for this week. overboughtbut clear breakout in the naz, i won't get to concerned with the dow as long as we hold around 10875. Based on what i see the naz looks to lead the rally, p and f chart breakout has a target of 2525 in the naz. Bottom line is 2275 prior high should act as support i see some decent chart breakouts and setups on pullbacks incl. AAPL, QCOM,BRCM,YHOO.A couple of brazilian regoinal bank plays i like as well are BBD,UBB. Ilike oil plays such as NBR and VLO, but experinced has showni'm best served playing those when they are stochastic oversold as price of oil makes these babies so volitile.Dave S's BOOM play looks good, however i'm expecting the upside to begin struggling soon in the dow once we hit s and p 10290-95 area,then i'll possibly lean short but more than likely the pullback will be shallow , with a bradley turn date of jan 16th as the next possible top.

[Trevormore]

Robb and Ernie....Thanks for inviting me in here. This is kind of a breath of fresh air for me....looking forward to hearing some stock ideas and providing a few myself.

- Paul

[Robbb24]

Robb,
I checked your charts over at Stockcharts. I see that you have earned the sunglasses as a Hall of Fame author. That alone is impressive. Could you give us a brief description of your strategys regarding your style and what you look for in setups. How you usually place your stops. I see alot of your charts show symetrical triangles an a few ascending triangles. Is that one of the principal formations that you look for in a setup. What is your normal holding time frame for a position an are you a full time trader? I asked Dave this question earlier. Have you heard of a guy named Deron Wagner?

Hi Skiracer...

You ask some very good questions. First off I am a swing trader and trade by the philosophy that out of the tightest patterns come some of the best directional moves both market wise and in individual stock plays. I run stock scans weekly by first studying about 100 sector charts and then picking out the best 3-5 sectors technically and then studying the individual charts in those groups for the best patterns technically.

Triangle patterns tend to be one of my favorite patterns to trade. The best triangles will form what I'd term a signature "bullish handle" within the pattern. This bullish handle is defined by the individual play trading laterally or back and forth between its 50 day on the bottom and the upper trendline on the topside. I've posted a few examples below. I personally seek to position in the lower portion of the handle just above the 50 day and then hold the play for a move up and out. My stop is usually not too far below the 50 day which creates a very nice tight risk/reward entry. Obviously it helps to have the general market winds in your favor. I have posted a few examples below of triangle patterns that formed bullish handle's before making the breakout move.

http://trimurl.com/3W6

http://trimurl.com/3W7

http://trimurl.com/3W8

I tend to hold most positions anywhere from a few days to couple of months depending on volume trends, key indicators such as macd/rsi divergences, general market conditions, etc.

I trade mostly full time but also do some consulting work for a market timing service.

I'm not familiar with Deron Wagner.

Best in your Trading....Rob

[SGriff]

For those of you that are into candlesticks, IBM has a daily and weekly hammer.

http://stockcharts.com/def/servlet/SC.web?c=IBM,uu[l,a]waclyyay[pc7!c21][vc60][iUg!Lp14,3,3]&pref=G.With support at both the 7 day at 84.50 and the 21 day at 83.50 as areas to watch on pullbacks.

scott

[IIC]

Robb and Ernie....Thanks for inviting me in here. This is kind of a breath of fresh air for me....looking forward to hearing some stock ideas and providing a few myself.

- Paul

I don't know what the h*ll Ernie did...but it sure looks like we got some GREAT new members here the last few days.

Just think...I sorta, kinda knew Dave over at Yahoo...And now that he and I are Buds...Well, St Louis isn't on my list of the TOP MILLION places I want to go...But a seminar???..I might JET out....Be prepared for some tough Q's Dave...But I assume you could handle 'em.

BTW...Since you are such a HIGH ROLLER Dave...Can you get me into THE MANSION at the MGM???...That is my wife's dream...And her B-Day is tommorow...And I feel bad that I only got her these Diamond Earring things...Although I will tell 'ya...The Woman that helped me was even better lookin' that the MasterTrading Lady...Doug

[RL]

Robbb I have no problem with the charts on Stock Charts It Is the link to trimurl that will not work for me. When I try to bring It up I get page can not be displayed, If anyone can help me with this problem would sure appreciate It

[skiracer]

Hi Skiracer...

You ask some very good questions. First off I am a swing trader and trade by the philosophy that out of the tightest patterns come some of the best directional moves both market wise and in individual stock plays. I run stock scans weekly by first studying about 100 sector charts and then picking out the best 3-5 sectors technically and then studying the individual charts in those groups for the best patterns technically.

Triangle patterns tend to be one of my favorite patterns to trade. The best triangles will form what I'd term a signature "bullish handle" within the pattern. This bullish handle is defined by the individual play trading laterally or back and forth between its 50 day on the bottom and the upper trendline on the topside. I've posted a few examples below. I personally seek to position in the lower portion of the handle just above the 50 day and then hold the play for a move up and out. My stop is usually not too far below the 50 day which creates a very nice tight risk/reward entry. Obviously it helps to have the general market winds in your favor. I have posted a few examples below of triangle patterns that formed bullish handle's before making the breakout move.

http://trimurl.com/3W6

http://trimurl.com/3W7

http://trimurl.com/3W8

I tend to hold most positions anywhere from a few days to couple of months depending on volume trends, key indicators such as macd/rsi divergences, general market conditions, etc.

I trade mostly full time but also do some consulting work for a market timing service.

I'm not familiar with Deron Wagner.

Best in your Trading....Rob

Robb,
Thanks for the brief synopsis on yourself and discipline. I appreciate your taking the time to provide that for me an anyone else who might be reading your post. It's good to be able to ask someone new here to talk alittle about themselves and get a positive response. You'll find that we have a great little community here that shares and looks out for one another yet are able to express their differing disciplines and strategys while accepting that others do approach the same goals in varying ways. It's going to be great to see some new faces and styles expressing their views on trading. Hopefully we'll all be able to let ourselves absorb these ideas from one another as we interact and get to know you new guys. There are alot of bright people here with good ideas on how to trade from the fundamental and technical side of all of this. If we can all keep our minds open and the dialogue flowing freely this is going to be a profitable experience for all of us. Personally I'm looking forward to learning and profiting from what you guys have to offer. I hope that you guys are of the same frame of mind as we all get to know one another better. But please be prepared to, not so much as to defend, but to present a strong basis for your picks and setups as there will be others here that will be questioning the reasoning behind what you might have to say. Thanks again for taking the time to answer my grilling. Deron Wagner is a guy I know who runs a sizeable hedge fund and a subscription trading service. Strictly technical based short term swing trading with ETF's and stocks. A very bright guy. Thought maybe one of you guys may have heard of him or knew him. Great to have you guys on board. Ed

[IIC]

Robbb I have no problem with the charts on Stock Charts It Is the link to trimurl that will not work for me. When I try to bring It up I get page can not be displayed, If anyone can help me with this problem would sure appreciate It

Hmmm...I am not happy to hear that Ray...I see them just fine,,,email me...I would like to clear this up...Doug

[DSteckler]

<< Can you get me into THE MANSION at the MGM???... >>

LOL! How about a suite for an hour at the No-Tell Hotel? <VBG>

[spikefader]

Welcome to Robb, Scott and Paul. Really like the charts Robb, and lookin' forward to seeing any good r/r setups all you guys see, as well as market bias and reasonings. I'm really glad you guys showed up; a) the more TA eyes the better, and b) I need a vacation from posting so much, so I might post less and read more

I'm sure your threads will be well-read and wish yall a pleasant time at this forum and a profitable 2006. Oh, and throw a pick in Port of the Week etc.

[Tatnic]

...hello...

thanks for the invite Rob, and thanks to you and Dave for trying to keep things together after the demise of the old EI board. Thanks Ernie for setting up this forum, always enjoyed reading your infrequent, but knowledgable posts on EI and the Pool Hall. Bruce

[sisterwin2]

Welcome all..

I am new to the trading world and love to have all you "pro's" here so I can learn. I really cant help anyone out but I do read everything here to help me learn. I gave up looking up all the stock but do try to understand ones discipline. In process of creating my own. I will try not to ask silly question but at times its a must.

SO a big WELCOME!

[Trevormore]

Mnta

Looking for MNTA to take out its downtrend line this week. A break above 24.50 - 24.75 should propel it 3 - 4 points imo. Realize this is a biotech and anything could happen, but from everything I've read about this company they have a pretty nice inventory of drugs they should be bringing to market over the next couple of years. Forget that though....I am playing this for a trade as it breaks out.

[jeffsaxx]

Celg

Sold all my AAPL calls this morning and rolled the profits into CELG Jan 70 calls ---- only holding CELG and ELN jan calls now --- and lovin' it

[DSteckler]

Trevor, Jeff...more of the good traders/posters from AOL's ET/EI board. Good to see you guys here!