TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach: SINCE THE BEGINNING OF APRIL IN THE CHART OF BIB:
1. The is rising. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the , which is rising and above the cloud. 6. The indicator on the top of the page is / , and this is strong.
7. The top middle indicator is and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock, and this has turned positive. 9. The green arrows are up. 10. Look to the far right on the chart, around $49.65. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the is FEEDING in the uptrend. If there is a difference between this one hour chart and a , the longer term chart is much more valid. As you read in part one, the is positive.
I added a regression trend-line starting April 1, 2016. A regression line is a "fit" which takes your data and predicts the direction. This is set at two sigma, or 95% of the trading action. As you can see, the trend has reversed and is UP. Use caution if you trade BIB. I believe this is a counter-trend bounce. There is a lot of resistance around $62.00.
I will close with a quote from Bill Vaughn:
“Economists report that a college education adds many thousands of dollars to a man’s lifetime income – which he then spends sending his kids to college.”
I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.