Zeev, I was out this afternoon, but I saw where you dumped SFNT, I am still in it (at a loss of $1.96, so far) but with my "Change of Direction Point" and the Bradley Turn Date due tomorrow, I'll look at it then and decide what to do. I am sorry that you lost on it as (I think) it was my suggestion.
As you know I don't understand Candlesticks, so I use Bar Charts with my Trailing Moving Average System and one pattern that has been profitable for me is where a stock declines, then rallies, pulls back to a higher low, then (frequently) takes off (up). An example of this is the Weekly Chart of PDLI in March 2005, where it hit a low of $13.79, ran up to $17.74, then fell back for three weeks (to $14.84, a higher low) then took off for the $30's. Another example was TASR last October when it hit $5.31, then ran up for four weeks to $8.61, then fell back to $5.94 (a higher low) then took off for $11+.
I have the same Weekly chart pattern on ISCA now, it hit a low of $43.60 last December, ran up for four weeks (to $49.22), then pulled back for four weeks (to $45.66) and now (hopefully) is moving up. I bought 200 shares this morning at $48.55 average (although they filled to order in bits and pieces ranging in price from $48.51 to $48.59). You may want to take a look at ISCA.
Cheers, Jim
