Saturday, September 26, 2009

My Non-Astronaut Week | Vertical Flips

Just when I thought I had deciphered about all I could decipher in a year's time, Ameritrade rolled out its Think or Swim Platform. Yesterday, I felt like a deer in the headlights. It is an application that is both broad and deep. I just listened to one of the webinars. The intro was really helpful. All I can say today after spending a bit of time with it is WOW!

I don't say WOW too often. And I've said it twice in two days--yesterday being the other circumstance. You will remember that HPJ is one of my holdings. I elected to unload it yesterday. I had a terrific gain, and I wanted to lighten up. See how much this stock loved my unloading it. (Yellow area is where I deplaned!)


Geez....double Geez! Clearly I will never be an astronaut as I'm ill-suited to ride a rocketship. I only had 1000 shares of this. And it seemed like the move that it was going to see might have been made. So taking my 90%+ gain an running before gravity took hold seemed prudent. So much for gravity! I'm not much given to coulda, woulda, shoulda, but.....sigh!


I drew Fibs from 1991 for no other reason than I wanted to. Here's the chart.


I've no idea which way the market goes, and as I remind you, no one else knows either. But it is relative safe to say that either way it breaks, up or down, there are good reasons for it.

I thought it would be interesting (and likely NOT worthwhile), to take the above chart and do a vertical flip on it. Here's what I came up with:

Remember, this is a vertical flip. I happened to count the months from the first rise/decline and applied them to the second rise decline. I get the 500 area if there is TIME symmetry. I'm not saying that it is. But I thought it a fun exercise.

7 comments:

Eldar Bob said...

My eyes widened when I looked at the SRCL long candidate. Somewhat hi-risk and could technically reverse lower. But it is a nice bottom formation and the stock had sponsorship earlier in the year. eb

Leisa said...

Thanks EB. I'll look at the chart. Garbage is sometimes lucrative!

.: moogle fishy :. said...

Hi,

How do you like TDAMERITRADE?
They have prophet now?

I'm trying to find out what platform they have that's wortwhile.

Leisa said...

Moogle Fishy: I'm LOVIN the Think or Swim Platform. I hated their other platform. Super robust set of tools for options, drawing, industry surveying. I'm really happy with it.

But it takes a little investment of energy. I would also recommend going through the initial webinar. It give a great birds eye view!

.: moogle fishy :. said...

I am more passive compared to other people but I love reading people's blog for idea and education.

Thanks.

i'm assuming you signed up at stock charts as well?

Thanks.

.: moogle fishy :. said...

I am more passive compared to other people but I love reading people's blog for idea and education.

Thanks.

i'm assuming you signed up at stock charts as well?

Thanks.

Leisa said...

MoogleF...I've been a StockCharts.com member for several years. TOS does not replace that for me, though..........it may @ renewal.

I still have my notebook of every TA article that Stockcharts has on their website. I studied them in depth and have gone back through it once to include re-reading Technial Analysis by Murphy as well as Pring.

Reviewing technical "stuff" after you've had a chance to both digest helps with the integration.