I am posting the charts here. Note that each chart has a big plus sign near the bottom right. This is the point in time the target (shadow area on the top right corner of every chart) is likely to be reached. Note that they all are within a month. It makes sense to enter Bull Put Spreads with March expiration, on a paper trading account and see how good the RET really is.
Please do not try to reproduce this trade. This is not a recommendation, it is merely an exercise and test of the RET.
Click on this image to expand it.ATVI may be forming a "C" wave of a zigzag (ZZ) with a target price of about $33/share (currently trading at $26.43), to be reached in about 15 days (note the +15 number near the bottom left of the chart), which corresponds to the location of the + cursor near the bottom right of the chart.
Click on this image to expand it.PRGO may be forming a "C" wave of a zigzag (ZZ) with a target price of about $45/share (currently trading at $31.28), to be reached in about 38 days (note the +38 number near the bottom left of the chart), which corresponds to the location of the + cursor near the bottom right of the chart.
Click on this image to expand it.SVNT may be forming a "C" wave of a zigzag (ZZ) with a target price of about $27/share (currently trading at $20.03), to be reached in about 14 days (note the +14 number near the bottom left of the chart), which corresponds to the location of the + cursor near the bottom right of the chart.
Click on this image to expand it.
4 comments:
Juan, you said " I have been using my own search criteria to select potential zigzag candidates using Telechart 2007".
I also use Telechart and RET.
Would you be so kind as to share the Telechart 2007 criteria used in your search / scan and the rational behind it?
Thanks for all your teachings!
A E Senior
AES, it is all explained in my DVD#1.
In this DVD, I demonstrate how using this technique, I made 10% in only a few days, using Telechart. This was even before the zigzag strategy was revealed by the Elliottician people.
My strategy is based on moving averages and stochastics. Nothing new, really. If you are an adept Telechart user, you should be able to reproduce it, or create one of your own.
Juan I have been looking for the Telechart settings for the scan candidates to be analized in RET. I an having a hard time finding it. Can you please point me to WHERE in the DVD 1?
Thanks
AE Senior
aes, DVD 1 is ALL about using Telechart to find candidates and apply RET to them. In addition, in DVD 1 I showed how I made a 10% profit in just a few days using this strategy, with or without RET.
I looked at my records, apparently, you have not yet ordered the DVD. Perhaps you are confusing my DVD's with something else.
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