If you look at a 1-yr P&F chart, Box size =1, reversal = 3, you'll see that TRAD is in a downtrend. So you're fighting a long-term trend. I like to have the P&F in my favor before I use any of the other technical stuff. NKTR will have a P&F breakout to the upside on a close above 22. INTC and MSFT are in bear trends. RIMM is ready to collapse on the P&F. P&F is a simple, clear read and not open to emotional interpretation.