Some Patterns of Note

[jae16]

Here are a few stocks that I found that have some patterns you may be interested in... I will post more as time goes on... Have fun!

GS - descending triangle
WM - Year long left side cup... forming handle?
C - A similar long left side ... both are not as good as WIRE and GEHL though
ETFC - long left side
SOLF - still forming a nice uniform left side... this one good be good, but has a while yet
SUF
USO - looks like it has support and bounces at the 69-70 region...
HD - perhaps in the handle forming stage w/ drying up volume
SNDK - Again... forming that left side... notice however, in 2007 it had a perfect cup w/ handle formation that failed miserably

GIVN - an example of a stock forming a perfect left side... look what happened

NVDA - was an ascending triangle pattern... now its broke... or is it... I don't have enough experience with these... ski might be able to tell...
AMD - Forming right side? maybe not so perfect of a bottom...
CREE - Ascending triangle

Well thats it for now... I will hope to post more later... and maybe ski will find the good ones and post them if indeed there are any? Maybe there aren't... and even if there are they will likely all fail in a bear market....

[skiracer]

Jerry,
I think it is great that you are out there looking for patterns. That you are picking up info here that is bringing you up to speed on what to look for is in itself an accompolishment. This cup base pattern that you see me talking about is a pattern that I have developed myself from noticing that all developing cup bases at some point don't have the right side completed. And if you can find the ones that have the right ingredients to go on to finish up the right side and the full cup base and catch them early you will have plenty of room to pick up nice gains from getting in early and at the right/proper time. These partial cup bases are not a recognized pattern per se like Ascending Triangles, Descending Triangles, Symetrical Triangles, head and shoulder/inverted head and shoulder patterns etc... that have been defined and recognized at bullish or bearish patterns by known authorities like Bulkowski or even O'Neil.
But it is a good start for you and if in taking a look at what you have come up with in this list and I don't agree with them let it be a learning experience and not anything negative. Besides my opinion is only my opinion and worth nothing more or less than just that.
GS: not what I am looking for. very erratic.
WM: not to bad a formation on the daily chart. to deep to fast on the weekly for me anyway.
C: definitely not for me on the weekly but maybe on the daily. not quite as uniform as I look for.
ETFC: no, the gap down in the middle of the left side killed it for me.
SOLF: not a bad start but early yet. I like to see a more gradual slope on both the left and right sides.
SUF: not to bad and getting there across the bottom. worth watching.
USO: not a bad looking cup base on the weekly but failed coming out of the handle the first time. If you were to do an Elliot Wave count coming up out of the cup base you could give arguement for it just finishing the abc corrective waves after the 5th wave up. This abc corrective wave pattern is usually followed by another set of 5 waves up beginning with the 1st which is a strong wave up. This could be just finishing the c wave down. It's not a bad looking pattern or wave count.
HD: No. I don't like anything on the daily or weekly with this one.
SNDK: very possible. much more uniform in the formation to this point and good possibility that it may finish it off and make the right side. Still a bit early for me but a good possiblity.
GIVN: No. The daily had a very nice pattern going earlier. Very uniform and not to deep from around mid Oct. to Jan. but fell off for some reason. Was nice there for awhile.
AMD: not to bad at all. little pointy in the bottom but looks to be forming that right side now. I love a cheap stock like this that had been up over 20 or so awhile back. Have traded it on a number of occassions and made money. This could be a decent play here with low risk. coming up to resistance at it's 50 dma. if it breaks thru that resistance it would be a positive signal.
CREE: another one that had a decent double bottom pattern going on and failed coming out of the handle. Doesn't interest me at this point.
If you continue to search for these patterns and the others you will eventually begin to develope a sense for the ones that look the best and have the better chance of doing as you would expect them to do. I can only say keep at it and keep asking questions and reading and studying on your own.