Thursday, February 24, 2011

2/24 Watchlist: Price Channel Set

A change: The Watchlist from today is filed in two parts, subtitled Price Channel Set and Of Interest.

  • Price channel bear phase:
    • AMR, JNJ to bear phase.




From the price channel list
Price channel bull phase
phase pfeppstrend
AUD/JPY
DELL
EBAY
EWJ
JNK
JNPR
ORCL
PM
SLV
USO
WFT
XLP
XLY

Price channel bear phase
phase pfeppstrend
ABT
AMGN
AMR
BRCM
EWH
EWS
EWT
EWW
JNJ
NOK
TGT
TLT
USD/CHF

About the categories:
  • Diversification plays: These don’t closely track the U.S. markets or are based on currencies other than the U.S. dollar.
  • Earnings plays: I’m tracking these as a legacy as I phase out the strategy of chasing earnings surprises.
  • Of interest: Stocks I’m tracking because I find them to be interesting, although not necessarily as a potential play.
  • Wounded birds: Stocks I find fascinating but they each have an apparently fatal flaw.
  • Zombies: These are failed leftovers from what seemed to be good ideas at the time. They stalk the Watchlist like zombies, tying up resources and frightening small children.



Table Abbreviations:
  • pfe - Location of the polarized fractal efficiency line.
  • pps - Person's Proprietary Signal mode.
  • trend - Trend of the polarized fractal efficiency line.



Key to the PPS/PFE tables
columncolormeaning
phase bull phase
bear phase
pfe +100 and above
+50 to below 100
0 to below +50
below 0 to above -50
-50 to above -100
below -100
pps bull confirmation
bear confirmation
trend uptrend
no trend
downtrend


More on the PFE/PPS analysis

Read a detailed explanation of the analytical tools and how they’re used, including trading rules.

Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.


No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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