Fortitude Group, Inc. (FRTD)

[Imperial Whazoo]

I never know what I am going to do until I see a sign of strength. Generally, volume is the chief indicator that tells you if a move up or down is a strong one. If you want to know the future, you need to ask another guy. I only know how to react to what happens. At the moment, IMHO, the stock is trending sideways waiting for the next news. It may drift down a bit. I'm not worried and I won't decide what to do until I see it happening.

I use candles. To trade candles, you need to learn the setups. As of today, the volume was low in comparison to the prior day and it merely retraced the down action of that day. So, we are in neutral until we are not. It sounds like circular reasoning, but its kind of like trying to describe yellow. You just have to see it.

It is not possible to tell someone else how to trade. They have to learn that for themselves. Some people like to trade breakouts. I can't trade breakouts. Some people trade gaps. I hate gaps. Its kind of like playing hockey. Some people can play goalie. Others are defensemen. Its all a question of your own personal style. As for me, IMHO, I'm treating this stock like it is in neutral until its not and I'm watching it like a hawk for signs of strength.

As for my existing position, though, I'm long. And truth be known, I'm looking to accumulate on dips. In fact, if it wants to retest the 11/20 hammer on lower volume, it wouldn't hurt my feelings one little bit. A lot of people might panic if it retests. I wont see it as bad unless it tests on big volume. And thats my basic point. Watch the volumes. Thats my style anyway. Someone else might point you to something else and it might be better. All I know is how I do it and how I do it works for me.

Wish I could say what is going to happen. Never could and never will. What I can do is interpret it when whatever happens happens. Chart reading is reactive. Thats simply the way it is. So, I'll watch the volumes and the patterns and react accordingly.

You need to understand that the reason I wrote that long post was to point out that the chart is telling us that this stock has considerable hope of being a very profitable investment. Some people are swayed by all the arguments that populate this board. My point was to say to one and to all that I, for one, have my mind in the chart itself and that I think the lessons of the recent chart history are subsatantial persuasive arguments to counteract all the sophisticated negative posts that are all over this board. I just felt it a worthy thing to change the subject from arguments over opinions to something pretty darn basic to traders: the message of the chart. And I actually did it because I am truly grieved to watch everybody succumb to the attacks. This chart is not a disaster area and I think somebody needed to weigh in on that. So I did so.

Sorry I can't tell you what to do, and, of course, don't treat anything I say as a recommendation to either buy or not buy, sell or not sell. I will not venture into that minefield. Everything I say is my opinion only.

Imperial Whazoo