BBD ==> The Ides of March Winner

[New-born baby]

Tombstone

See what, Ernie?

Well, I'd say a its shaping up like a gravestone doji.

[DSteckler]

Well, I'd say a its shaping up like a gravestone doji.

I don't think so, NBB. Gravestone doji's are topping bars. BBD is not topping out, it's been in a descending trend channel since the beginning of this month.

[New-born baby]

You got it right

I don't think so, NBB. Gravestone doji's are topping bars. BBD is not topping out, it's been in a descending trend channel since the beginning of this month.

Click down on the 'charting lesson of the week' for a quick looksee.

[mrmarket]

I know you chart guys just love this stuff...but assume this will occur in the next 18 months:

"BBD continues to grow their revenues AND earnings for the next 6 quarters."

Do you mean to tell me that the chart has already told you this AND that the price will continue to fall despite this great fundamental news?

[New-born baby]

I know you chart guys just love this stuff...but assume this will occur in the next 18 months:

"BBD continues to grow their revenues AND earnings for the next 6 quarters."

Do you mean to tell me that the chart has already told you this AND that the price will continue to fall despite this great fundamental news?

No sir, MM. The fact of charting is this: it usually only tells us what is most likely going to happen in the next few days, the next few weeks max. That's it. We need the FA guys to tell us the stocks that have the great potential to pop. What I am trying to say is "let's pick a most favorable entry we can find" for the most excellent stocks. I don't think BBD has fully bottomed out.

[DSteckler]

Click down on the 'charting lesson of the week' for a quick looksee.

http://www.daytradersbulletin.com/html/cs19.html

[DSteckler]

<< The fact of charting is this: it usually only tells us what is most likely going to happen in the next few days, the next few weeks max. >>

With a daily chart, that's true. But weekly or monthly charts give a longer-term picture.

[mrmarket]

<< The fact of charting is this: it usually only tells us what is most likely going to happen in the next few days, the next few weeks max. >>

With a daily chart, that's true. But weekly or monthly charts give a longer-term picture.

Who gives a crap about what's going to happen in the next few days? When my kids were 6 years old, they had the attention span of a flea. Now they understand cause and effect a little bit better and have more patience.

[DSteckler]

<< Who gives a crap about what's going to happen in the next few days? >>

Swing traders and daytraders.

[lemonjello]

Roma Invicta

BBD closing above support after its little roller coaster ride.

Hmmmmm.

Hold the line...

[sisterwin2]

chit chit chit........ wire looked great at noonish them Kerplunkkkkkkkk. Mflx 66ish then kerplunk.... BBD did not really see it.

[spikefader]

Well regardless of whether it's long-term investment or short-term swing trade, or even daytrade, charts can provide an education and explanation as to why price sometimes acts in a certain way. It sure isn't all just randomness. There are patterns that repeat, and it's an edge. Stops or no stops, patterns should be given the weight they deserve.

I respect that Ernie doesn't care about charts. He invests. He diversifies. He's covered. He can relax, drink beer, and make money in the face of those that fail to perform. If they fall, he has patience and a willingness to have fun watching them rise again.

But for anyone wanting to learn about patterns, and why price is down 12% from Ernie's entry, just go back to the first chart I posted in this thread http://www.mrmarketishuge.com/showpo...3&postcount=10 and then look at today's action; failure at the neckline resistance: http://spikefader.blogspot.com/2006/...s-morning.html
I also note a major daily channel bust on Tuesday on volume, and the channel from the top targets 33.00 and falling at about 30 cents a day.

It isn't rocket-science, and it's worth knowing. The chart characteristics of BBD were such that it was scratched from the Creme list, and the recent price action of BBD is confirmation that it was wise to scratch it. I think a worthwhile support zone will be 28.00 to 32.00. That's where the real patient money lies for BBD.

But good luck everyone long BBD. I'm rootin' fer ya all.

[New-born baby]

$28

$pike,
Nice post. $28 entry ought to really clean up.

[DSteckler]

BBD may be forming an island cluster reversal. All that's needed is an upside gap open that doesn't get filled during the day. Here's a description of the pattern. Please scroll down:

http://www.incrediblecharts.com/technical/island_reversal.htm

[Karel]

OK, it's not about Brasilian wrestlers, but still: WWE: Illegal Mexican Wrestlers Taking Smackdowns American Wrestlers Don't Want

Enjoy!

Karel