Hi Everyone,

Usually we go into lower time frames to see what is going on in the bar. Like peeping through a microscope. Can CO intent be spotted on higher time frames when it's not clear on lower time frames? Here is a chart of JCP on different time frames (Daily, weekly, monthly)... TIA

WLT? could you post a screen shot

Hi, this is SOHU weekly chart, after price broke supply line and then broke demand line with increasing volume. then price rally with decreasing volume, I think price will drop further to around $ 40, what do you think, thanks

Well it's sorta too late now. Thursday the move I was looking for took place. I ended up chasing back into the stock at 15.00. I sold towards the last hour at 15.40 because I wasn't going to have access to trading today and was paranoid of the jobs #'s. Alas, it went on to hit that 15.80 target I stipulated. I guess I do need to resolve why I was shaken out on my first entry.

I've detailed in the 15min chart where my entry was and where I stopped out. I was so frustrated after the 2nd day of it harshly selling off the highs and spooked by the upper wick at 15.09 on the 60min. So I gave up on my analysis and tried to prevent virtually no loss. I exited my 14.69 position at 14.65. It's slightly ridiculous in that I didn't even let it attempt support at the trend line that you see on the larger 60min chart. A larger problem I have is quitting on trades before stops or targets are hit, so I might've already answered my own question ..... but did I miss something Wed/Thurs that should've kept me in original position?

Here's the end result as it went on to my target.

My thoughts are on the chart

thanks for the analysis, the only thing bothers me is the grinding rally from support, since I did not see any good reaction from there, and the volume on rallying is not convincing, looks like no demand really after weakness.

If you are looking to short, there is an edge that I have indicated in the attachment, but even if price bounces off it for he low, I will only expect a retest and take it from there depending on what appens. So at best there may be a pull back to the defined support. I dont trade like that though, I always want to see a reason to base my buying (long or short term) on, and for now price may have hesitated due to the resistance. As for long term indication for a lower price, I don't see any cause built.

Then again, I may be wrong, Just look at the facts and try take it from there. Only beware that we somtimes force analysis if we are baised for a direction for one reason or another.

thanks again, I won't short, since I bought at $52 and still hold it now, stupid me I did not sell around $86. I wondering if I should exit now.