Comments on: RIMM – Bullish or Bearish? Depends on your Timeframe

By: Goldman Sachs GS Threatens to form Cradle Sell Signal | Penny Stock Trading System Blog

Sat, 07 Nov 2009 15:30:31 +0000

[...] “Bullish or Bearish on RIMM? Depends on Your Timeframe.” [...]

By: Weekly and Daily Conflicting Analysis on IBM | Afraid to Trade.com Blog

Weekly and Daily Conflicting Analysis on IBM | Afraid to Trade.com Blog — Tue, 07 Jul 2009 16:45:44 +0000

[...] Weekly and Daily Conflicting Analysis on IBM Jul 7, 2009: 11:45 AM CST // We’re seeing a very similar situation in IBM’s Weekly and Daily charts that I highlighted in a prior post on RIMM (RIMM: Bullish or Bearish? Depends on Your Timeframe). [...]

By: dave

dave — Wed, 01 Jul 2009 16:52:05 +0000

From an investors' persopective, RIMM is halfway through a symmetrical triangle (monthly semilog chart), the bottom of which goes back 4 years. This longest-term timeframe hints at the conflict posed by the two shorter-term timeframes.

By: Valentin Rossiwall

Valentin Rossiwall — Wed, 01 Jul 2009 15:06:50 +0000

It is a pleasure to do that, I also read your posts often and enjoy them a lot. Last time with the Oil analysis I posted some fundamentals, and it seems that this oil positontrade is working out to be very profitable…

best wishes from Vienna, Austria

By: dave

dave — Wed, 01 Jul 2009 11:52:05 +0000

By: Valentin Rossiwall

Valentin Rossiwall — Wed, 01 Jul 2009 10:06:50 +0000

best wishes from Vienna, Austria

By: Rob

Rob — Wed, 01 Jul 2009 02:40:48 +0000

Here is my thought, RIMM retraced last year's massive drop 50% on the weekly before it turned around. It has almost retraced 38.2% of it's uptrend out of the double bottom and it's sitting on the 20 week EMA. There is support back in Aug of '07 but it isn't close enough for my liking. There are definite possibilities for an upside on the weekly (though they could be continuation doji's just as easily) while the daily is clearly bearish. As you said, this highlights the need to look at the timeline above and below your primary one. Some people might feel confident enough to trade RIMM right now but for me the conflicting messages is enough to move on and find a better opportunity. Thanks for the post!

By: JeffreyLin

JeffreyLin — Wed, 01 Jul 2009 00:48:38 +0000

how long can a formation like that go sideways and be a possible “bear flag” vs just consolidation? one concept im finding more useful is to put more weight on support/resistance levels vs. relation to moving avg. So while this hasnt been able to reclaim the 50 moving avg, it has found support at same price level as Late april/may support. A bull or bear flag is a continuation pattern, no? So there should b elittle or no support/resistance levels in the path of a continuation pattern right? just throwing this out tehre for discussion

By: Bob

Bob — Wed, 01 Jul 2009 00:22:08 +0000

This is a great example which begs the question – Can their be a shorter duration move counter to a longer duration trend?

The answer is yes, but liken it to someone rowing against the tide. A price move counter to the larger trend may occur, but will tend to be muted and shallower. Price moves are more dynamic when the directionality of a shorter duration trend aligns with a longer duration trend.

Run with the tide!

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Tue, 30 Jun 2009 23:01:13 +0000

It's not that I've moved away from considering fundamentals #1 (I came from that background) it's just that I've found more success personally in the technicals.

I always recommend people supplement my analysis and postings with their own research, including fundamentals.

And I encourage people to post comments like this to share with other readers and thank you for bringing this to our attention!