Discussion in 'Stocks' started by ghostzapper, Aug 1, 2007.
loook for CROX to trade higher as a new stock split will be announced soon.
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...
Silver Parabolic Arc...
AAPL Parabolic Arc...
Gold Parabolic arc...
"when they stop rising" knowable only with hindsight.
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 ????
I do wish you well and best of trades.
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...
crox will hit 40 prior to 63.
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