http://downtowntrader.disqus.com/enFri, 05 Jun 2009 22:21:23 -0000http://downtowntrader.blogspot.com/2009/06/reader-request-stock-chart-s.html#comment-10555340<p>Yeah, I can't disagree. I think this analysis has more bearing for someone already in the stock. I personally prefer to buy close to a base and not after such a long run. I also don't short patterns like this for anything more than an intraday scalp.</p><p>Joey</p>downtowntraderFri, 05 Jun 2009 22:21:23 -0000http://downtowntrader.blogspot.com/2009/06/reader-request-stock-chart-s.html#comment-10554386<p>Great analysis Joey. If you look a few months back you can see the MACD made a set of higher highs that looked bullish but recently made a bearish divergence. The 10 day ADX is below 20 as well... so I think it'd be a mistake trying to go long on S if you're trying to ride the up trend it's had the last few months.</p><p>-Bob</p>BobFri, 05 Jun 2009 21:29:06 -0000