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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
  • "Pullback Off Highs" Pattern In Play On Indexes 0 comments
    Aug 12, 2013 1:01 AM

    By All About Trends

    The following is an excerpt from today's premium report by All About Trends. Enjoy a free 15 day trial to their service and receive daily stock picks, market analysis, and a complete trading plan.

    Does everyone know their ABCs?

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    As you can see the SPX and NASDAQ Comp MAY be in the midst of an ABC Pullback Off Highs (POH) building here. The Dow Industrials sure has it.

    It's the weekend, take it easy here we'll have more to say about supports and what to watch for as well as watch out for over the weekend. It's still a market of stocks though too here so just because the indexes are looking iffy and wide, loose and choppy, sloppy there is still structure on individual stocks that we can work with.
    Enjoy a free 15 day trial to their service and receive daily stock picks, market analysis, and a complete trading plan.

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