InvestorsHub Logo

Profe$$or

11/01/07 8:49 AM

#742 RE: PremierStocks #737

The only advice I can give you is to study study study. Watch charts that have exploded or have gone on to make tremendous moves over time and study the indicators prior to the move.

A stock chart has many lagging indicators. However if you look for certain patterns occurring together you can likely predict a move.

It looks to me like MCZ is poised for nice growth from here. This is what you want and need with your money. Not a used car salesman pumping the next great penny to the moon stock to you. Sure you may double your money and you may lose it all tomorrow too. We are about compounded winnings and growth here.

The bollinger bands...on the daily the top is 1.39..but when you switch time frames you can get a top of 1.49 too...and many major breakouts can occur ABOVE a bollinger band and remain there as well. You have to meld your "instinct" or "gut" with what the chart is trying to tell you sometimes. Will the move happen today or will it happen next week? Will it be in incremental steps or will it be a big push? Dunno. But I see it poised for growth. I see us setting a new 52 week high. Even on a 15 minute chart..sure we may be sitting on the top of the bollie..but yesterday's action caused it to bounce off of the middle of the intraday bollie too....

Do something even simpler..pull up historical data from yesterday...look at every singe trade in the volume yesterday...look at the accumulation...the buys vs. the sells. I'm feeling good here.