 Good afternoon everyone. This is Melissa with the stockswish.com and welcome. Welcome to an Adobe update This was a bullish gap that happened back here just in the middle of September and this chart has shown amazing Strength even through the market pullback has really showed nice strength It actually came down and just sat snug as a bug in a rug right on this area here Remember supportive resistance are areas came down and could have come down deeper Didn't do it gapped up here yesterday with the market followed on through had a huge view beautiful green bar And is carrying through today like a monster over 52 now and this will make new highs next week Which is will be over 53 I'll be brand new highs for stock So once it gets up over 53 is nothing stopping this next target for the swing trade will be 55 Really beautiful show of strength in this chart So this is a good example of really showing you the trend and how to play the trend I know when this gap happened back here in September. I think it was the earnings I don't remember the reason for the gap actually it could have been something else this was back in September 18th and the stock gapped up and opened at 51 68 and I closed the night before at 48 14 so when you see something like this you say gosh You know something gaps up ten dollars It can't possibly possibly go any higher, but I knew that it was a good bullish gap I actually called it as a bullish gap in the training room that day and said it was a buy and One of my traders did it and he waited a week and waited and waited and waited and stuck with it And he got paid he got paid into the rally up into the clothes on Adobe this day And many many traders got stopped out here thinking this was a fade It wasn't a novice gap. It was a new buy for people now When this happened here it retested I thought it might hold but then the market pulled in This beautiful bar here picked itself up and held 50 and when the market pulled in deeper This came in more but every time the stock comes in It's just a buying opportunity now for people to get long this because the stock Wants to go higher and it wants to get bought and how do I know I know from reading the gaps now You say well this gap didn't hold no, but it didn't have to hold This is actually was not the full of first bullish gap in this chart Geez was not even anywhere near the first bullish gap in this chart So many nice bullish gaps in this chart. Here's one even though it went red. This is a good bullish gap This is a great one here look this one actually held beautiful Here was one here right there And this is a very significant one here actually that was December last year almost a year ago Look at the move that this chart has had in a year 37 was the gap. You could have taken this as a swing trade for one year $37 was the gap that happened back here in December 14th 2012 and by this December the stock price point will be up probably around 55 the stocks move $20 in a year Incredible strength so if you understand trends you understand how to read stock charts like this Now you might say well it had a lot of pivot highs and lower lows and lower highs all along the way in here and In this area here in the summer thinking that it wasn't going to make it or even here Or even here you could have said in the last couple of days But the fact is that you cannot determine a stock trend of a chart or the market by looking at pivots I'm sorry to say there's way more to it than that and what is there really? Mostly mostly gaps, but there's other things too that I look at and this is what I teach in the trends class So if you were in adobe and you were long adobe and you didn't get this last part of this move up in here You probably are wishing that you would Thinking that it wasn't going to go higher and you see how again tops are not entries the delby made a top here But it broke on through it and some people think tops are shorting places that the stock is topping It's not going to go higher. This doesn't have any meaning like that you cannot short tops as entries just like you can't buy bottoms as Entries and stuff that's going up to or or down in either way So I mean as it turns out this is just beautiful performance here by this Let's look where the entry was in this this morning. I think it was right out of the gate Now that you're doing this now, I mean this is just too far gone today Yep could have bought it a mealy out of the open look at that 20 cent stop But if you had done it ran up here, and it's still the rest of words So you could have actually got the rest of word out of this and got right out by 945 20 cent stop with the 3r move immediately or you could have held it all the way up to the whole number here to 52 Beautiful beautiful beautiful beautiful entry and a really nice chart in adobe So if you're interested in learning how to read trends in stock charts You can email me at melissa at the stock switch comm the trends class is next week October 15th And 16th is the fall trends class if you would like to sign up for this course email me at melissa at the stocks Wish comm for more information. It's Tuesday and Wednesday from 1 o'clock to 5 p.m. Eastern time Adobe is a beautiful example of why you would buy this right here in this gap and not shorted It's not a fade and why this is a beautiful buy every time it dips down and has carried through just amazingly well Ever since December last year and this is a good thing to be in because the market's long And if you want to be in a in a long-term overnight train swing or core Longs are the thing to do now with the market lifting on through higher Which it's been in an uptrend all along and actually talk about the market in the class talk about the Gaps in the market talk about the trend in the market in the in the trends class So if you'd like more information email me at melissa at the stocks wish comm thanks everyone and have a great day