lol, Yeah I can see where peaks and slams would work well on big Pharma stocks:-) I remember GW's story about Viagra. Wasn't funny that some folks died, but it was funny the way he tells it. If ISRG closes at or near the open, I'm gonna call it a "meteorite" candle. I haven't see a "Star" or even a "Shooting Star" with a wick that long on top. :-)by RichieRick - Trading Discussion
I've been watching it for the last few days. Not to trade, but just to see what happens. At this hour is appears to have given back most of the days gains. I'm sure the "Street" have already factored in that tidbit of "news" :-) Maybe the market makers are waiting for the public to get wind of it. Reminds me of an old Cadence I used to call. Blood in the water! :-) lby RichieRick - Trading Discussion
I think it is fairly apparent that the DOW and S&P have headed south. Now it appears that the Nasdaq is thinking about catching up to his buddy. At least that is the way it appears to me on the daily:-) I could be wrong though... if I am, somebody stop me from sounding like an idiot:-) Toooo late:-) lol. As for me I'm gonna sit on the side lines and practice some trades during this pby RichieRick - Trading Discussion
Dan Wrote: ------------------------------------------------------- > Actually, the QCharts AutoWave indicator > (developed by Mike Condra when QCharts belonged to > quote.com and trademarked by QCharts according to > the documentation I have on it) has nothing to do > with Elliott waves. The subtitle of the AutoWave > documentation is "Fibonacci Pattern Finder."by RichieRick - Trading Discussion
Thanks for the reply BCT. I knew Autowave was the other indicator you were referring to. Unfortunately "autowave" is not part of TOS. As others have quickly pointed out it’s really just a form of Elliotts Wave. There is an Elliott Oscillator within TOS, but I can’t say for sure it works the same. I'm not sure anyone has figured out how to duplicate Qcharts “autowave” in Tby RichieRick - Trading Discussion
BigChartTrader Wrote: ------------------------------------------------------- > rebwayne > > My verbage was broad and not specific to the MA > trade I referenced. I find a "trade"(HRFP/FP) and > the look for verified indicator support or > resistance on the next largest chart time frame. > If it makes it easier to understand: > > Daily entry on 9/by RichieRick - Trading Discussion