I do best with horizontal breakouts. Somethimes I ue slightly declining resistance lines. I will redo by first 2 charts with the white line as my point.
I hope that explains it better. Horizontal lines are my usually bet, but not always. Read any book by William O'Neil. I do a lot of his stuff, but have my own variations. O'Neil is the founder of Investors Daily and is a very successful trader. These breakouts usually work only during bull markets or strong bear rallies. For the past 2 years they have not worked, but very few to buy. I like to see a few work before i start buying with vengeance. This finally happened 3 weeks ago. ZAGG and CKSW have done me well, my first two this year. The rest of the time I traed ETF's and specialty stocks, and Rhino lives in a different world and is a great help. He got me in one at .0007 a couple of years ago, and tow moths later I got out at .001.
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