I'm just thumbing through some charts this Saturday afternoon and will post a few that I'm going to watch on Monday. Unfortunately, I'm going to post them one at a time throughout the course of the weekend as I have a number of issues to attend to these next two days.
The first is AMCC; a high tight flag right at resistance. Strong volume on the way up with two low-volume consolidation bars at the top of this range (impulse, consolidate, impulse).Some perspective vis a vis the weekly chart:BJS; possible base break with large volume coming in to the move
PAY; High tight flag (again; impulse, consolidate, impulse).The weekly might provide a little hesitation in possible forward movement, but it is an nr7 at the top of the previous bar's range.
Gold of course should be on everyones radar. The commodity recently flagged at it's highs and is timid in this $1000/ounce region. But, an extension upward could bring a lot of momentum.
I like GDX
That is all for now....more later
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
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