Jim's cycle trades

Searching for busted patterns

there are so many chart readers these days I think the busted patterns are going to provide the best profits going forward.....ie, H/S patterns are obvious and therefore often doomed to failure....I think many folks give up on a chart once the pattern doesn't seem to play out as expected.....However, if they played the pattern failure, I think they'd ring the register with nice gains.


BDK got a new buy from Deutche bank today....looking forward to how it trades since it's between strikes and just a hair under the lower rail of the weekly symmetrical chart pattern.

well aware of the BDK pattern

but, when those patterns fail like ARO did, wow, the profit was enormous....busted patterns often provide the best profit opportunities.

[spikefader]

look at the weekly chart.....when ARO reacquired it's megaphone pattern, it rallied 63% of the megaphones widest part.....I put a number on BDK at $90 based on ARO's experience.

shoulder from December 2004 at 86

BDK is working on becoming a busted pattern.....these busted patterns are great performers.

My thoughts on BDK:

http://www.technicaltrades.net/2006/08/15/bdk-stalk-the-short/

MRK back to $33.50?

that's my bet......sometime in October.

Busted pattern symmetrical triangle

BDK is working on becoming a busted pattern.....these busted patterns are great performers.

BDK....target likely closer to $86

shoulder from December 2004 at 86

BDK reacquiring weekly megaphone

look at the weekly chart.....when ARO reacquired it's megaphone pattern, it rallied 63% of the megaphones widest part.....I put a number on BDK at $90 based on ARO's experience.

[Rob]

Good eye, Jim. Interesting charts.

HET....broke downtrend

20 points off the highs.....largest of the casino operators.

Pfe

big H/S bottom on weekly.....I think it can make $33 in late January.

AIG double bottom

eve and adam double bottom

[New-born baby]

I need to see the stock trade above the 200 day ma

Thanks, Jim

To buy BTU,,,

I need to see the stock trade above the 200 day ma

[New-born baby]

BTU looks to have completed a five wave pattern down....currently stuck under the 200 day ma, this is now on my watch list....also, ACI has also completed the 5 waves.

BTU and ACI: what would constitute a buy signal for you?

Five waves down

BTU looks to have completed a five wave pattern down....currently stuck under the 200 day ma, this is now on my watch list....also, ACI has also completed the 5 waves.