Tuesday, March 17, 2009

End-of-Day Analysis

It has come to my attention that some are having difficulty paying attention to intra-day swings. So let's try something a little more basic tonight.

Below is an end-of-day chart from one week ago, Tuesday, March 10th:


This is what I wrote at the time, about the chart:

Note, five waves down on the right and a new Daily Blue Wave Buy Bar on the left

Now here is the same chart, updated through today's trading:


The LONG signal has carried from 712.56 to 778.12.

Now I do not trade the Dailies because I find that the same principles can be applied to intraday time frames for more profitable and efficient capture of points. Although there are instances when just playing the end-of-day charts is the best course of action to take, I believe those are the exception to the rule. Nonetheless, the past week has seen a 60 point up move that was captured best with the end-of-day charts.

You can see from the Daily signals on the chart that even this long a time frame is a robust and profitable trading system. If for whatever reason changing course intraday is not for you, find something that works end-of-day (like this) and use it.


For intraday trading, here is a look at today's 60 minute chart:


My conclusion: Up and Topping

But I will await Down and Falling before going back Short

A

8 comments:

Anonymous said...

hey Allan,

any thoughts on GFRE? Since you pumped it sooo much, at least follow though for those that followed your big pump! Way to go to get to 2.45 let along $5.00.

so, you still own it? the truth.
Lets make it clear to the board, if you keep the stocks that you pump or at this point are they all free shares like NNVC, which are free due to selling into your own pumps! IMO

Anonymous said...

oh my Lord, I don't know Allan is a pump and dump specialist, hee hee hee

dude, he is giving you stock ideas, it is up to you to decide to buy or not, unless you are going to pay him to hold your hand ...

Anonymous said...

Comment on the first post above. What an ass.

Dave said...

I'm up 40% on GFRE....so far. Still sitting on ACTC and NNVC.
Just watching and learning.
Thanks Allan.
Dave

Anonymous said...

THE MARKET MAKERS ARE SLOWLY BRINGING UP THE BID TODAY ON GFRE. IMO I THINK IT WANTS TO TAKE OFF. LETS SEE.




ROB G

whatisYourRate.com said...

i bought into GFRE and I am a holder of NNVC before Allan and I can tell you i am making money on both! Lets keep it going!

Anonymous said...

anyone in FAZ, I get hosed

Anonymous said...

I have a feeling blue wavers got shredded today on the short signal