Best Thread learning to read price action with p/f charts

[isatrader]

Here's the UK Bullish Percents for the Consumer Cyclicals sector and and Consumer Non Cyclicals Sector which covers the majority of the stocks you mentioned.

Consumer Cyclicals - Bear Confirmed in Os (breakdown from above 70% high risk zone)
Consumer Non Cyclicals - Bear Alert in Os (reversal from above 70% high risk zone)

Also attached is the individual stocks listed for each with their P&F signal and relative strength.

 

[isatrader]

article in the telegraph a couple of days ago
new regs say that that any short positions above 0.2% of market cap must be published
hedge funds now have big short positions in
whsmith
home retail
ocado
sainsbury
tesco
dixons
also are carpetright,asos,glencore,and dmgt
they are expecting blood on the high street at xmas

now there are plenty of stupid people in this world...so lets see if we can beat the pros !!
hopefully,we can all post some charts and see if their strat makes sense

I knocked up a temporary portfolio on DWA of the stocks. See attached.

 

[Dentalfloss]

here is the link to the article
Revealed: Hedge funds betting millions against Britain's high street - Telegraph

malaguti/isa ...thanks for those charts
it just goes to show how many stupid people with plenty of money there are in this world
forgot to add mrw on the list

 

[Dentalfloss]

sorting out the clever ones from the idiots
in my mind,thinking that we should look at trend on 0.5% box size or equiv arithmetic..with 1 ,2 and 3 reversal.
we want to define the medium term trend...weeks/months
the clever ones will be in stocks that are already in downtrend or about to breakdown
the idiots will be hoping that price will suddenly breakdown..possibly some news..ie fiscal cliff
so first of all ..we want to sort out who the idiots are ??



in my mind

 

[Dentalfloss]

one of the clever ones...i think
jim chanos a fantastic operator in my opinion.he exposed Sotheby"s,the auction house in a bbc 4 programme some time ago.they lent money to bidders to ramp up the price of some of the artworks....allegedly
he is short asos
35p by 2 reversal/close
in an uptrend from december 2011..at resistance and turned down slightly...showing supp now at 2200 area.major supp area in 1850
looks as though we might get some action down to major supp.
he will have done his research and seen something wrong in the balance sheet...i think
lets see what happens

 

[malaguti]

one of the clever ones...i think
jim chanos a fantastic operator in my opinion.he exposed Sotheby"s,the auction house in a bbc 4 programme some time ago.they lent money to bidders to ramp up the price of some of the artworks....allegedly
he is short asos
35p by 2 reversal/close
in an uptrend from december 2011..at resistance and turned down slightly...showing supp now at 2200 area.major supp area in 1850
looks as though we might get some action down to major supp.
he will have done his research and seen something wrong in the balance sheet...i think
lets see what happens

has dropped 70 points already..your data might be old..good call though

 

[Dentalfloss]

malaguti..thnks
asos had a big drop on friday.data was downloaded on thursday
a betteer chart for examining the hedge fund short position
daily data 60p box size by 1 reversal
we can see trend support at 2040 area/green line..lets say 20 quid,round number
breakout point at 1850 area/red,horizontal
and a horizontal count that is 1850 area,as well as vert count put on by malaguti
price is at 2200 area supp and could break that triple bottom/semi catapult..then on down to 2050 area
so now we need to track that downtrend that started on 18 october
malaguti,,if you could put on a chart.say 15 min /close that tracks just that downtrend and also an rs chart against the ftse 100 that tracks from say 10 october
imho
then we can get an opinion on how deep the doo-doo is on this stock

 

[malaguti]

malaguti..thnks
asos had a big drop on friday.data was downloaded on thursday
a betteer chart for examining the hedge fund short position
daily data 60p box size by 1 reversal
we can see trend support at 2040 area/green line..lets say 20 quid,round number
breakout point at 1850 area/red,horizontal
and a horizontal count that is 1850 area,as well as vert count put on by malaguti
price is at 2200 area supp and could break that triple bottom/semi catapult..then on down to 2050 area
so now we need to track that downtrend that started on 18 october
malaguti,,if you could put on a chart.say 15 min /close that tracks just that downtrend and also an rs chart against the ftse 100 that tracks from say 10 october
imho
then we can get an opinion on how deep the doo-doo is on this stock

here's a 15min 10x2 and RS

 

[Dentalfloss]

malaguti...thanks for the charts
2150 seems to be holding it/short term

 

[Dentalfloss]

spx
30 min data
shows the downtrend that started this month
resistance lines are marked

 

[Dentalfloss]

malaguti
a great call on mks
knickers definitely got twisted at 400p
asos..long from the bounce zone goin well..a strong stock since spx tanked
spx...any rally needs to take out this trendline
10 min data

 

[Dentalfloss]

aapl 60 min data
showing the many phases of the downtrend that started on 20 september
$2.00 box size by 1 reversal
any rally must take out those resistance lines

 

[Dentalfloss]

fly me to the moon
let me sing among the stars
let me know what life is like on jupiter and mars
in other words...
aapl 3 min

 

[Dentalfloss]

eurusd 4 hour data
coming into some resistance

 

[Dentalfloss]

aapl 4 hour
in res

 

[Dentalfloss]

yahoo 2 hour data
wow..what a trend
major overhead res looming

 

[isatrader]

A different look at AAPL. Custom 10 box by 3 reversal with Keltner Channels (22 column with 3 ATR settings) and an 11 column MA, plus parabolics. Also a 5 box by 3 reversal with the same settings.

 

[Dentalfloss]

spx
we had plenty of warning of the change in trend

 

[Dentalfloss]

spx 5 minute
shows the latest uptrend that started on 16 november
supp areas /45 deg trendlines are 1394 and 1387 areas

 

[Dentalfloss]

eurusd hourly
trends to watch