an interesting (depressive for investors) chart: http://stockcharts.com/def/servlet/SC.pnf?chart=anr,PLTADANCBO 104 seems to have been a very obvious top ... 3rd time around I imagine some of us would've gotten short? I think a good screen for the future may be stocks that have hit a certain top or bottom 2 or 3 times, but spread out over time. May give some advantageous sell/buy points at the resistance/support.
http://stockcharts.com/def/servlet/SC.pnf?chart=ADS,PLTADANCBO[PA][D][F1!3!!!2!20]&pref=G Keep a lookout for a triangle breakout
http://stockcharts.com/def/servlet/SC.pnf?chart=npk,PLTADANCBO[PA][D][F1!3!!!2!20]&pref=G Short opportunity for NPK?
even more interesting when you put in the Support line. Should be good if it goes a couple boxes below the extended blue line then gives a breakout down. Not sure I'd bite on the first bullish breakout in this market. ( Now that I'm on record, it will probably skyrocket up) Been working on a short indicator from a long blue line that seems to have about an 80% success rate in all I've found, but I've only looked on the high/low charts, so it might not be as consistent on the close only charts. traded 5 of them last week and they did pretty good, but took profit too early.
Not in a bear market http://stockcharts.com/def/servlet/SC.pnf?chart=mt,PLTADANCBO all but one of the longs I took since I opened my account have kicked me in the arse. Now I'm only going short until the recession/depression is over. one of my better trades: http://stockcharts.com/def/servlet/SC.pnf?c=NXY,PLTADANRBO[PA][D][F1!3!!!2!20][J152351412,Y]&listNum=31
good call, but did you wait for the breakout and it already went to the bottom before you could short??
Well, it wasn't really a good call, the market as a whole went down, if that went down, say, 20%, then I'd take credit Regardless, you're right, this is not a time to go long unless everything is lining up (or want to DCA some investments which I'm looking into doing)
Ha, You're right, but I'm still working on just being right consistently. Once I get better at that, hopefully picking the better movers will fall in place.