Lest anyone think I only short stocks, I'd like to point out a chart which I really like for a long position - GLW (Corning). It's a beautiful dish pattern breakout on good volume - just the kind of pattern typically preceding a nice upward movement.
Tim Knight founded Prophet.net, considered by Forbes and Barrons to be the #1 technical analysis site (sold in early 2005 to INVESTools, where he is the SVP of Technology now). Tim has been trading actively since 1987 and focuses mostly on option positions. He is a dyed-in-the-wool technician, leaning heavily on marked-up charts for his analysis. The contents of this blog are NOT to be considered investment advice, and you should know Tim may or may not have positions in the securities mentioned here.