Article Archive For
Luis Ferro
AUTHOR: Luis FerroDATE: MAY 2006SUBJECT: Elliott Wave
Trend Conflict In Franklin Resources
ARTICLE SYNOPSIS ...Franklin Resources broke below a well-defined congestion on strong volume. The subsequent pullback to the breakout level and the formation of a dark cloud cover suggest that this would be the perfect moment to sell the stock short. However, a recently touched trendline is still a probable source of support and suggests caution....
AUTHOR: Luis FerroDATE: MAY 2006SUBJECT: Candlestick Charting
DJIA Turns Bearish
ARTICLE SYNOPSIS ...The head & shoulders in the Dow Jones Industrial Average is by far the most relevant technical factor in the short and medium term. In the long term there are still important support levels that will probably have strong influence in the future price movements of the index, but also bearish factors that are probably even more important....
AUTHOR: Luis FerroDATE: JUN 2006SUBJECT: Candlestick Charting
Anticipating A Breakdown In Coach
ARTICLE SYNOPSIS ...A strong medium-term correction in Coach was accompanied by a substantial increase in trading volume. This highly bearish pattern, combined with a long-term triple top, forecasts lower prices for the stock....
AUTHOR: Luis FerroDATE: JUN 2006SUBJECT: Volume
Pennant For Carnival Corp.
ARTICLE SYNOPSIS ...The long-term rally for Carnival Corp. ended with a triple-top pattern and subsequent breakdown, changing the direction of the long-term trend. In the short term, the stock has formed a pennant pattern that forecasts lower prices for CCL....
AUTHOR: Luis FerroDATE: JUN 2006SUBJECT: Candlestick Charting
AUTHOR: Luis FerroDATE: JUL 2006SUBJECT: Island Reversal
AUTHOR: Luis FerroDATE: JUL 2006SUBJECT: Candlestick Charting
Evening Star For JCI
ARTICLE SYNOPSIS ...The formation of the reversal candlestick evening star pattern has probably brought JCI's short-term uptrend to an end, while in the medium term, the breakdown below a major support/resistance level can lead to the formation of a head & shoulders pattern....
AUTHOR: Luis FerroDATE: JUL 2006SUBJECT: Candlestick Charting
AUTHOR: Luis FerroDATE: JUL 2006SUBJECT: Candlestick Charting
Gap For Cocoa?
ARTICLE SYNOPSIS ...From a technical point of view, gaps are important events that can provide clues to what the market is doing and where it might go in the near future. While they are easy to judge in hindsight, trying to interpret gaps in real time is much more difficult. Here's how to identify what type of gap occurred in cocoa and how it can be used for trading....
AUTHOR: Luis FerroDATE: JUL 2006SUBJECT: Gaps
AUTHOR: Luis FerroDATE: JUN 2005SUBJECT: Flags and Pennants
The Squeeze For Toys R Us
ARTICLE SYNOPSIS ...Following an uptrend that started in January 2003, Toys R Us entered a narrow trading range. The formation of a Bollinger Band pattern known as the "squeeze" suggests that a sharp directional movement is likely to occur, and further analysis leads to the conclusion that the direction will probably be up....
AUTHOR: Luis FerroDATE: JUN 2005SUBJECT: Bollinger Bands
Trading Range For Delta Airlines
ARTICLE SYNOPSIS ...Following a downtrend that lasted for six months, Delta Airlines found support at 2.5, a level that had already acted as support for this stock. Subsequently, prices rose very fast until they reached 4.35, after which a well-defined congestion pattern was formed. An upward breakout could be a highly profitable opportunity, but due to the extreme volatility of the stock, it should be played very carefully....
AUTHOR: Luis FerroDATE: JUN 2005SUBJECT: Rectangles
AUTHOR: Luis FerroDATE: MAY 2004SUBJECT: Head & Shoulders
Weakness In Steel Index Suggests Shorting Opportunities
ARTICLE SYNOPSIS ...After a prolonged uptrend the Dow Jones Steel Index formed a double top pattern. A trend reversal seems to be the most likely outcome, but how do you take advantage of this situation? By looking through the Index Components and choosing the one displaying the weakest behavior....
AUTHOR: Luis FerroDATE: MAY 2004SUBJECT: Double Tops
AUTHOR: Luis FerroDATE: APR 2004SUBJECT: Bollinger Bands
Island Reversal In Yen Futures
ARTICLE SYNOPSIS ...The yen has displayed volatile behavior lately, leading to the formation of two consecutive island reversals. While the short-term forecast is bearish, the long-term uptrend should still be considered intact....
AUTHOR: Luis FerroDATE: APR 2004SUBJECT: Island Reversal
AUTHOR: Luis FerroDATE: APR 2004SUBJECT: Cup with Handle