Tuesday, September 27, 2011

Kimberly Clark (KMB) Wolfe wave

Kimberly Clark (KMB) is a swing trade I've been holding since the August lows but now it seems to be getting ahead of itself. Here is the exit strategy and even a short set-up if the market swoons. Wolfe waves are elegant when they work and this one is a classic set up.

My cost basis is 65.29 and I set my sell-stop on the long position at 70.50 (white trend line). The short set-up is good only for the next few trading sessions on this test of top. If KMB drops below the red trend line then I'll enter a short with a target at the green line or Oct 23rd, whichever comes first. There's a chance that KMB takes off to the upside in which case I'll ride it. If it pulls back it may just trade in a range between the white and red lines in which case I won't have a position. This strategy takes patience but feels great when it works...ie, a fun vanity trade.


  1. Reach international audience for your site using a tiny, but very versatile Google gadget offered free on our site. Your visitors will have instant access to translations of your site in over 30 languages. The gadget can be inserted anywhere within your site obtaining outstanding results.

  2. Even apart from trading, KMB is a great stock to hold for the long term as well.

  3. so in this blog is very great information.....so nice post...

    Hill Stations India

  4. Unfortunately for those of you investing in stocks like Mcdonald's and Yum brands Apple computer Wallmart Wallgreens some of these companies do lots of their business in china you can expect only mediocre investment returns over time. The really great returns in these type of stocks were made decades ago when they were small unknow companies unlike today.

  5. This comment has been removed by the author.

  6. This comment has been removed by the author.

  7. This comment has been removed by the author.

  8. Shubhkamna Group is coming with a brand new residential project Shubhkamna Epic at Noida Extension. Shubhkamna Epic, Noida is one of the beautiful places, where your dream of having comfortable and affordable home comes true.

  9. This comment has been removed by the author.

  10. Finally wait is over and found some new article in your blog.. the topic of your blog is really nice and modern which helps many people.. thank for share looking for your next post.

  11. Free Facebook Likes, Free Targeted Facebook Likes, Make Unlimited Likes on your Facebook Fan Page, Facebook Share, Facebook Followers, Facebook Post Like and Share, Twitter Followers, Twitter Tweets, Twitter Favorites, Google Follow, LinkedIn share, Youtube Views Likes and Subscribes
    Social Media Marketing is the easy way to increase your Folow Likes and Subsribes

  12. Pengen yang lebih seru ...
    Ayo kunjungi www.asianbet77.com
    Buktikan sendiri ..

    Real Play = Real Money

    - Bonus Promo Red Card pertandingan manapun .
    - Bonus Mixparlay .
    - Bonus Tangkasnet setiap hari .
    - New Produk Sabung Ayam ( minimal bet sangat ringan ) .
    - Referal 5 + 1 % ( seumur hidup ) .
    - Cash Back up to 10 % .
    - Bonus Royalty Rewards setiap bulan .

    Untuk Informasi lebih jelasnya silahkan hubungi CS kami :
    - YM : op1_asianbet77@yahoo.com
    - EMAIL : melasian77cs@gmail.com
    - WHATSAPP : +63 905 213 7234
    - WECHAT : asianbet_77
    - SMS CENTER : +63 905 209 8162
    - PIN BB : 2B4BB06A / 28339A41

    Salam Admin ,

    Download Disini

  13. Welcomes to google terminal from Austin Texas! google snake
    Amazing insight you have on this, Happy wheels it's nice to find a website that details so much information about different artists... Age of war 2 This article always blew me... Earn to die For how many times I have read this.
    slither io Hi! I’ve been reading your blog for a while slitherio it's nice to find a website that details so much big farm