It is really quite simple, the short term rsi's tells you if a turn is coming, RIMM also has a pattern, the first move (up or down) is often a two three bucks move, then, if it is "positive", it will move in about $1 plus range few times (often just three, note my comments during the day, third time is a charm) before making the next box, and the same way down. From time to time, level II indicates imbalances that force me to abandon a prior pattern (happened few times today when I took just few dimes on few trades), and sometimes, I screw up and get stuck, like yesterday when for some time, I fought the battle of the "seconds" and the "thirds" serving. You got to know that everytime I am in "seconds", my former guess was wrong (like ISRG today, which yielded "peanuts" for all the effort, and of course, SNDK disaster where I am still "stuck with a quad position about $5 to $10 above current prices, and yesterday I took close to a quad loss on the fourth and sixth position.). You guys only remeber the "victories", but forget the defeats. A given tactic works as long as it does, when it does, I milk it for as much as I can, and then, eventually it turns against me. Take HANS where I had a great period of big victories, but right now, I am stuck with a quad position from $29.60 all the way to $35 (I still think it will come back). Take NVEC today, one and a half good trade, and then it died on me. Or AAPL today, where I could barely eek anything after a pretty good day yesterday. It also takes quite a lot of concentration, I can't play that furiously more than three stocks at a time, just cannot watch these charts closely enough and report (even though I report on a separate screen). Last, it is really "hard work", but like all hard work, it is really fun when you catch the right tempo in a stock like RIMM in the last week or so. Mind you, I often comment on my next entry/exit as an alert.
