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Re: Stockrocketer post# 37782

Thursday, 08/06/2015 11:02:56 AM

Thursday, August 06, 2015 11:02:56 AM

Post# of 63744
SR, I think I get it, though your last paragraph still a bit unclear.
I believe you are saying that in a market which is under correction, good news of a company, even good news over several quarters, none the less still tends to lead to a slower return to higher prices. There can be strong 50% moves in one day on good news, but in a market correction environment the share price will often, 80%-85% of the time, still sell-off and correct back down, such as to form a shape of a Cassiopea.
Correct?
Or you are saying, that after a Cassiopea technical formation, only 0%-5% of time on a 50% up day will the share price hold when market is in correction mode, and likely 80%-85% of the time, even on good news after a strong move higher (like 50%...?) the share price will still correct lower due to climate of the market in correction mode.
Yikes!
Not sure about your meaning of a 0%-5% chance for a one day 50% jump.

This is kind of fun... ...translating translation.

Cassiopeia:
http://www.allthesky.com/constellations/cassiopeia/visual.html



[this is my final post today. good trading all.]
(also, I'm in today with NUGT at $3.04)

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