Tuesday, July 12, 2005

Analysis of a triple cup base in ARRS


ARRS formed a triple cup base earlier this year. I wanted to post this chart analysis as a follow-up to my triple-cup analysis of FLOW from yesterday. I'll probably do a couple more triple-cup base charts this week but I did ARRS first because it fits the profile so perfectly. I have a position in ARRS, but I didn't buy in until the 3rd buy-point. So yea, I'm sitting on a substantial gain in ARRS right now =)

3 Comments:

At 11:07 AM, Blogger Gordengekko said...

Jon-

Very nice call on XWG. I have been in since the 7.25 range on a swing.

Gekko

 
At 11:16 AM, Blogger jontait said...

Thanks GG. I added to my position that same day @ $7.17. I put a limit sell day-order on the shares from $7.17 near $8.90 since the volume bidding it up today hasn't been great but I will likely re-buy them on a pullback if they do sell today.

My account equity is at a new high for the year over the past few days. Its quite refreshing after that KRB loss and a larger than normal loss in TASR.

 
At 5:55 PM, Blogger HulkHogan said...

I sort of hosed myself today. One trade that I was hoping for didn't materialize because the price of the stock didn't come back down to where I wanted it to be before I bought in. So basically, I ended up with over a 3rd of my investable funds sitting in my account instead of being in the market.

I did buy into SLW today, so we'll see how that pans out.

-Matt

 

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