Cup w/ Handles

[skiracer]

added another 5000 shares.....

Jim,
That's a big show of confidence in MSFT. You had to pay over 31.25 from your time stamp. That's around a 150,000.00 play on MSFT plus whatever you owned previous to that buy. I like the stock and your play and the balls you must have to make it. I bought the 32.50 and 35 Nov. 7 calls that morning at .79 and .24 respectively knowing that earnings were being reported AH. I thought the report was good and in the range of what was expected and maybe even moreso. You couldn't have been to happy with yesterday's open and morning's action, hope you held through it, but I was tellling a few of my friends not to worry as it was a good report and once the morning selloff was over the play would recoup. I'm still holding those calls and am foolish for not buying up more in the morning selloff where they fell to the .50 and .15 range before coming back pretty strong late in the day. I'm looking to load up on those two calls on Monday morning at .74 and .20 prices. Nice call on the stock and I think 32.50 is a given and 35 is definitely doable from here.

[riverbabe]

Stkl?

[spikefader]

Reckon MSFT is in a weekly 3 impulse up.

Doug, just filtered your Cups list from last week for Spike 8 signals. Candidates:

CERN CN DBTK DSTI FMR HWK ICFI MBLX RBC VOLV ANEN ANDE AMG

Performance details of current open IIC Cups/Spike's 8 combos at http://technicaltrades.net/Scuttlebutt/viewtopic.php?p=2954#2954

Thanks!

[IIC]

Thx Billy and River...I am going to include TUNE in the CwH list and STKL in the Patterns Of Interest List tomorrow...interesting finds...Doug

[IIC]

Reckon MSFT is in a weekly 3 impulse up.

Doug, just filtered your Cups list from last week for Spike 8 signals. Candidates:

CERN CN DBTK DSTI FMR HWK ICFI MBLX RBC VOLV ANEN ANDE AMG

Performance details of current open IIC Cups/Spike's 8 combos at http://technicaltrades.net/Scuttlebutt/viewtopic.php?p=2954#2954

Thanks!

I should have it up by 11am PDT tomorrow as I have to go to work to write up some reports...Price I pay for watching the market so much during the week

[skiracer]

Reckon MSFT is in a weekly 3 impulse up.

I could agree with that 3rd wave up on the weekly and if that's the case it should carry the price above 32.50. I hope so. I thought it showed pretty good strength in lieu of everything following the report and the markets taking a big hit the day after it's reporting. It seems to have held 31 and 31.50 is a new 52 week high which is not that far off and no resistance above that point. I think that 3rd wave could carry it over the strike price and put it "in the money".

[IIC]

I could agree with that 3rd wave up on the weekly and if that's the case it should carry the price above 32.50. I hope so. I thought it showed pretty good strength in lieu of everything following the report and the markets taking a big hit the day after it's reporting. It seems to have held 31 and 31.50 is a new 52 week high which is not that far off and no resistance above that point. I think that 3rd wave could carry it over the strike price and put it "in the money".[/b][/size]

Geez...My charts show it went up to 31.84 (You know I can't resist)...However, that brings a question to mind that I've never gotten an answer to:

How come when the Industry talks about New Highs on a stock they normally refer to an Intraday High...But when they talk about a New High on an Index they are normally referring to a Closing High???...I always wondered about that....Don't have that problem with Mutual Funds 'cause they only price once a day...Anyone know???

[IIC]

FYI...Our Cups w/ Handles for this week are posted at http://SharpTraders.com

Make sure you scroll down on the Cups w/ Handles page to see the Patterns Of Interest.

Also, remember that you can click on any little chart to see a larger chart.

Thanks, Doug(IIC)

[billyjoe]

With the cup w/ handles that work have you ever plotted performance vs.
trading days? You don't seem to hold many for any long time periods.

----------billyjoe

[IIC]

With the cup w/ handles that work have you ever plotted performance vs.
trading days? You don't seem to hold many for any long time periods.

----------billyjoe

No............

[IIC]

Both OMN and MFRI look pretty good

[IIC]

VII breaking out...River's STKL lookin' good

[IIC]

BSQR could end up a b/o today

[IIC]

BSQR could end up a b/o today

BSQR closed at the Rt. side cup high on good volume

[IIC]

Today's MACD 2,13,12 Crossovers from our CwH and PoI lists: ARDNA,AMZN,ILMN,PRXL,RELV