and vjet has a bear flag on its daily chart!
these are ALL bearish patterns!
the right shoulder is being formed right now on ddd, ssys, and xone.
these bear patterns on each of the main stocks in the 3d sector (these are the only stocks in this sector i checked) suggest there is more downside coming in this sector! the pattern on the ddd chart gets negated if ddd goes up to $80 or above.
i'd use ddd as a proxy of the sector and look to ddd to see if these patterns will get negated.
head and shoulder patterns often get completed to the neckline of the pattern ($62 to $60 areas for ddd) - BUT, they often do not get to the price target of the pattern as the neckline is a strong support price for head and sh patterns (and for INVERSE head and sh patterns, the neckline is a strong resistance area). the price target of the pattern for ddd is much lower than $60 - lol - and that is all i will say on that as more times than not, the head & sh patterns don't make it to their price targets - so, i really don't need to even say what the price target is at this point (unless or until ddd goes below $60- then i'd consider posting the price target of this pattern IF ddd did this!).
so, we shall know within the coming weeks whether these patterns play out to their respective necklines OR whether they get negated as these patterns should play out within the next few weeks (IF they are going to continue to form that is).
next stop in the pattern would be the neckline - but consolidation at the right shoulder area could still continue in the next several days before the stocks get to their respective necklines (IF they even do get to the neckline that is! ;) ).
Yes, he says: "so, we shall know within the coming weeks whether these patterns play out."
That's like the weather man saying we should have rain sometime soon or maybe not. If we wait awhile to see what happens, I'll be right one way or the other.
these patterns are almost fully formed - anyone who understands anything about technicals understands that patterns either play out or they get negated! so i guess anyone who talks about any patterns on any stocks' charts must ALWAYS be right in their analysis LOL - so yep, i guess ALL technical analysis people are right - each and every time!!!!
scty- i follow- it should head up in december to get closer to $50 again - BUT, there is a gap at around $37/ $38 level that could get filled first. gaps get filled around 80% of time - regardless of however long it takes1 so, 20% of the time, they don't get filled! FSLR has a gap to fill too at much lower prices- and FSLR just completed a head and sh pattern to its neckline.
so will scty and fslr be in the 80% this time re their respective gaps OR in the 20%? no one can know!
re yelp- i don't follow this stock but with looking at its chart i can see on its weekly chart that it has stayed above the mid keltner channel price on pullbacks for the past year- and as of today, it is right AT that mid keltner price on the weekly chart!! so, it needs to head up from here in order to suggest it is going to continue to trade above the mid keltner channel. if it goes below $54, it would suggest it will start trading below the mid keltner on that weekly chart and that wouldn't be good as it would suggest the uptrend is over for the time being - but as soon as it starts trading again in the upper half of the keltner channel on the weekly chart, then the uptrend is intact.
there is a gap that hasn't yet been filled too- at around $41 - so, if it goes below $54, then it might be looking to fill that gap.
where it goes in price should depend on whether the market pulls back or not- a good pullback should come within the next 3 months- sorry i can't be more definitive than that for a time frame! but look to the keltner channel on the weekly chart of yelp for guidance - of continued uptrend or potential downtrend - a downtrend could be short lived by just a week or it could go on for longer. right now, it's on the cusp with it being right at the mid keltner! so, there is nothing more defined that can be reported for it.
You're not carrying a message from anyone, you're fantasizing it and spreading it. Like most predictions based on superstitions, it'll be right some of the time.
This morning I read my tea leaves and they said that DDD will cross $112 sometime [as long as it prints $113 sometime]. Anyone can see it if they know what to look for and if they have a chemical dependency on various controlled substances.