hi ghostzapper, that is a possibility but most parabolic stocks when they stop rising, they will retrace to at least 62% of the range... Current parabolic arc stocks are: AAPL, RIMM... regards, suri
Suri, I do believe CROX is way overbought and due for a correction or at least some sideways action I want to make note of the massive generalization your are presuming with parabolic stocks (as you call them) Your arc on CROX = Daily Chart yet your arc on the others = Weekly chart Why not use a Monthly or a Yearly ??? Your correct only to the degree that stocks EVENTUALLY will fall after they have a parabolic run and your analysis is useless unless you can find the correct timeframe that is applicable. On a second note re your book: I was tempted to buy it but 65 chart patterns Please excuse me but I know most people have problems even mastering 2-3 ... so what the hell good is 65 ???? LOL I do wish you well and best of trades.
hi joab, I was showing 'Arc' pattern examples... So, Gold or AAPL are shown with parabolic arcs in weekly charts to depict the pattern and how it performed... I was only high-lighting the pattern.. I agree it is difficult to master all 65 patterns.. But it is a 'Book' which presents all. I also wrote that pick few (3-4) patterns of your interest and 'Master' them first. Then if your trading demands learn and master others... regards, suri