I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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For th' life o' me I can't see where a good sell location for this one mighta been.
Look at that chart. It looked like a decent long to me. (1). Cup with handle; (2). I picked it after three red days (ie, looked like a good dip trip entry); (3.) it was sporting a triple top breakout; and (4) I was buying support on a rising trend line. Usually when you have four good reasons to buy a stock, you don't get burned so badly . . . .
Look at that chart. It looked like a decent long to me. (1). Cup with handle; (2). I picked it after three red days (ie, looked like a good dip trip entry); (3.) it was sporting a triple top breakout; and (4) I was buying support on a rising trend line. Usually when you have four good reasons to buy a stock, you don't get burned so badly . . . .
Looks to me that $14.25 is a decent entry now.
NBB.... have you ever heard of "GapFib" technical theory?
Thanks! I understand completely now. I'd never heard of GapFibs before. According to the site it was discovered by the author in 2007, so it is fairly new. I appreciate the enlightenment very much, Lye. I really do. Thanks again.
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