Hey Bob, thanks for your watchlists. They really help me plan my day. I'm trying to become self sufficient, but until I get there, I use your watchlist to help shape mine. Quick question, how do you determine your price targets? Your targets are normally much higher than mine. Thanks and good luck!

I look for historical resistance levels, upper limit of up trending channels (or down trending if short). Also if a stock bounces off the bottom edge of the up trending channel, resistance will be mid channel. Lots of my targets are also swing target points. But I am a day trader mostly so I will exit before I hit the target quite often. Or at least take partial profits.

I figured you used historical resistance levels, and I do as well. I just seem to pick different levels. I guess I never really looked at trends in the yearly chart. I'll have to start looking at them. Thanks!

Thanks Bob !

James - I watched it all day long and the lvl 2 suggested that buyers weren't confident enough. It kinda formed a descending triangle too. Have been watching SAEX since a long time now. Shorted it 4 times in the day and got only 3 right.