Chartblog: FAS Targets

Friday, October 28, 2011

Discussion of FAS here:

http://chartblog.blogspot.com/2011/10/interesting-150-fas-trade.html

http://chartblog.blogspot.com/2011/10/rethinking-fas-andrews-adam-mirror.html

FAS is hitting its head on some Andrews lines on news event. Even though it may go above $17, taking FAS off the table here at $16 and looking to re-buy in December.

Anonymous said...: Dave,
Congratulations on the analysis and trade on FAS.; 4:49 PM
Adsense said...: Hi dave
not sure if i have ever been to this site or not yet want to say i find it refreshing to see someone who has taken the time to do some research and from what i have seen reading through your prior updates i can tell you have spent a fair amount of time at this .
i want to point out a few things
you showed a late oct turn date
oct 27th was noted a few times also in you oct 6th update you had been assuming it was a low low to low count . i think it is way to soon to look for a move higher into year end . first of all the low to low to this latest move up as a high begins at the march 2009 lows . next it is also a weekly and monthly count low to low to high and it does portend to a dec / jan 2012 low .you noted spiral dates so ill mention the puetz theory to add to this .
the nov 7 to jan 16th seasonal bullish bias may not work . i realise it does roughly 85 percent of the time yet it didnt 10 years ago .here is my thoughts :
http://www.tradersaffiliates.com/WEEKLY%20UPDATE.htm; 2:53 PM