Review of My Chart Performance

After the first two weeks of this blog being live I’m taking a short look back to see how I’ve done.

MON Chart – The break in Williams %R held true and MON fell more.  The 10 day moving average didn’t hold support, but he 50 day did. Not sure I can call this a good or bad call for me yet.

CELG Chart – CELG got spanked – If you headed my warning you would have seen that it broke below the triangle/pivot point I warned against two days before it nose dived.  This was a great chart for me.

GS Chart – I predicted GS could come down to 100 as an area of support.  GS hit 100.46 a few days later and rallied 15+% from there.  This was the chart that made me write this review since I was so lucky(?) with the exact support point.

JOYG Chart – JOYG couldn’t get through resistance as I said it would be tough.  It then fell to $20.29 – I said the floor would be close to $20.00.  This was another good chart for me.

QQQQ Chart – QQQQ dropped below the trading channel I drew, but held support at the horizontal trend line I drew.  Williams %R did not break on the 28 day indicator and QQQQ rallied.  I didn’t state a strong enough opinion on this one, so I can’t claim it as good chart for me completely.

DIA Chart – The horizontal trend line I drew held support, but the rest of my prediction was wrong.  This was a bad chart for me.

SPY Chart – SPY traded intraday above the trend line over lower highs two days after I drew it, but closed right on it.  It’s too early to tell if I charted this one right or not.

DRYS Chart – Support held and as I predicted the easiest path was up.  DRYS then fell back to just below or even with its 50 day moving average, so I called it right, but can’t call what’s next for DRYS yet.

USO Chart – I was more bearish than bullish on USO, but gave myself an out when I said it all hinged on the 50 day moving average not holding support.  The 50 day did hold support and USO rallied yesterday.

RIMM Chart – I said RIMM was due for a big move and to watch which side it traded above out of its triangle.  It broke above it yesterday on heavy volume and is set to open pre-market another $12 above that.  This was another good chart for me.

I’m not promising to do these reviews very often, but for a new blog I wanted to take the opportunity to pat myself on the back while I still had the chance.