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RE: [RT] extended moves



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My indicators show the following probabilities of a reversal withing the next week.
 
CA -- high
CELG -- high
EBAY -- high
ISRG -- low
LBTYA -- high
LIFE -- high
PDCO -- high


From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Jim White
Sent: Friday, July 31, 2009 9:24 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] extended moves

 

In the July issue of TASC I wrote an article describing the use of channels to detect potential reversals  after extended moves. Anyone trading the equity markets lately is aware of the extended bull moves we have experienced and the refusal to correct. Many, including myself , who have tried to short the market have had to accept losses as the upward move continues.
This week a number of issues have signaled short at their extended move boundary. These issues should prove to be more reliable short candidates.
The shorts are:
CA
CELG
EBAY
ISRG
LBTYA
LIFE
PDCO.
Only one long candidate on the list - FLIR
 
Regards,
Jim White
Pivot Research & Trading Co.
PivotTrader.com



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