China Growth Stocks

[ari5000]

blackthought:

appreciate it. We can all add value -- and we all benefit.

Specifically on YONG -- I really don't have much to say there. I will trust the group here that it'll be a lot higher at some point in the future. With chartwork though... you can really really change your p/l curve... but it takes many years to develop a good sense.

Here's a chart of a name I mentioned (XIDE) and didn't really follow thru on. I drew the trendline support line several days before it got hit. That was a clear area to be a buyer and would have resulted in an immediate return of around 25% within 4 or 5 days -- which is all the more amazing because it had been in a downtrend for the last month and a half.

http://stockcharts.com/h-sc/ui?s=XIDE&p=D&yr=0&mn=9&dy=0&id=p83158616956&a=181880692

I think I have found my niche as a swing trader. I am very bad at daytrading and not knowledgeable enough to simply rely on financials. True swing trading is a very difficult game, requiring a great deal of patience which is hard to practice. (I always want to trade every day.)

I really don't know what next week will bring. The major indexes have pretty much completed a retest with the SPY closing right below 20 day MA. This appears to be a textbook area for a new wave down. I think you have to assume the trend is now down. Or perhaps just rangebound. Timing the entry well can add so much value.

Everyone's favorite BSPM is now in breakout mode... it has room to run... not overextended technically. This has been an amazing group effort. Simply stunning work.

Let's keep it up.