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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SHS is a trend reversal pattern. A pretty reliable one too. But not 100%, just like everything else. There are often failed SHS setups, which is why patterns are an edge, not a certainty. Put the edge in the best possible risk reward entry and use an acceptable stop loss and you'll live to play another day.
left the latest thoughts in your thread. As per that intraday chart I put there, an entry long at the pivot today would be working now I did not take it - I will wait for lower channel entry. But bias is long.
Having some PC probs this weekend. I had just about finished charting LSCP for you IamOrien, but lost it before saving! grr. I'll have to fix this prob first.
Good weekends all!
Well folks,
I've been on vacation and haven't watched my stocks for over a week now.
I just checked my portfolio and discovered that I have made a nice little profit on SNCI during my recess time. It also appears to me that SNCI may be setting up a possible S-H-S formation. I'm sure the great Spike could either confirm or unconfirm this.
If this is what I think it is, it should drop a little as it forms a handle and then should build volume and run up. the buy point would be around $10.50.
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