Comments on: It’s Make or Break at $60 Support for WYNN http://blog.afraidtotrade.com/its-make-or-break-at-60-support-for-wynn/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dan de Man http://blog.afraidtotrade.com/its-make-or-break-at-60-support-for-wynn/comment-page-1/#comment-213158 Dan de Man Fri, 23 Oct 2009 22:56:38 +0000 http://blog.afraidtotrade.com/?p=4826#comment-213158 I agree with you Corey. Trading against the index is not smart. Trading is about probabilities and swimming up hill is dumb.<br><br>Cheers,<br>Dan I agree with you Corey. Trading against the index is not smart. Trading is about probabilities and swimming up hill is dumb.

Cheers,
Dan

]]> By: Dan de Man http://blog.afraidtotrade.com/its-make-or-break-at-60-support-for-wynn/comment-page-1/#comment-210866 Dan de Man Fri, 23 Oct 2009 17:56:38 +0000 http://blog.afraidtotrade.com/?p=4826#comment-210866 I agree with you Corey. Trading against the index is not smart. Trading is about probabilities and swimming up hill is dumb.<br><br>Cheers,<br>Dan I agree with you Corey. Trading against the index is not smart. Trading is about probabilities and swimming up hill is dumb.

Cheers,
Dan

]]> By: Chart Junkie: Jeffries is vulnerable, Energy is Interesting, and Wynn Resorts is on the Brink | Wall St. Cheat Sheet http://blog.afraidtotrade.com/its-make-or-break-at-60-support-for-wynn/comment-page-1/#comment-210864 Chart Junkie: Jeffries is vulnerable, Energy is Interesting, and Wynn Resorts is on the Brink | Wall St. Cheat Sheet Fri, 23 Oct 2009 16:01:40 +0000 http://blog.afraidtotrade.com/?p=4826#comment-210864 [...] Precision Capital Management submits some more technical analysis candy: “We have posted Anchored VWAP charts here before, but that is only a part of Paul Levine’s MIDAS Method.  The other part is the Topfinder/Bottomfinder (TBF) curve.  When price pulls away from VWAP, a TBF curve is fitted to the first pullback.  Because of the symmetrical relationship between the accumulation and distribution volume of a strong trend, the TBF curve will often predict when the fuel of a rally is consumed.  Above shows a recent TBF curve for Energy Bull 3x ETF (NYSE: ERX), which began October 5 and ended October 21, 2009, which amply demonstrates what happens when the fuel runs dry.  We are doing some exciting research to take MIDAS a step further and will regularly update our readers (free registration).  Also, we encourage you to visit the new website of MIDAS experts David Hawkins and Andrew Coles, who recently wrote a three part series of articles in Technical Analysis of Stocks & Commodities, and who are doing some exciting new research of their own.” (Source: Precision Capital Management) Corey Rosenbloom, the Technical Analysis Professor, submits: Wynn Resorts (Nasdaq: WYNN) has come into a “Make or Break” support zone at the $60 per share level.  Let’s take a look at its daily chart and note Fibonacci, Moving Average, and Bollinger Band support coming together just beneath price right now. (Source: Afraid to Trade) [...] [...] Precision Capital Management submits some more technical analysis candy: “We have posted Anchored VWAP charts here before, but that is only a part of Paul Levine’s MIDAS Method.  The other part is the Topfinder/Bottomfinder (TBF) curve.  When price pulls away from VWAP, a TBF curve is fitted to the first pullback.  Because of the symmetrical relationship between the accumulation and distribution volume of a strong trend, the TBF curve will often predict when the fuel of a rally is consumed.  Above shows a recent TBF curve for Energy Bull 3x ETF (NYSE: ERX), which began October 5 and ended October 21, 2009, which amply demonstrates what happens when the fuel runs dry.  We are doing some exciting research to take MIDAS a step further and will regularly update our readers (free registration).  Also, we encourage you to visit the new website of MIDAS experts David Hawkins and Andrew Coles, who recently wrote a three part series of articles in Technical Analysis of Stocks & Commodities, and who are doing some exciting new research of their own.” (Source: Precision Capital Management) Corey Rosenbloom, the Technical Analysis Professor, submits: Wynn Resorts (Nasdaq: WYNN) has come into a “Make or Break” support zone at the $60 per share level.  Let’s take a look at its daily chart and note Fibonacci, Moving Average, and Bollinger Band support coming together just beneath price right now. (Source: Afraid to Trade) [...]

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