So with that in mind, let me utilize the same chart. If I would have bought in late January or early February 2004, I would have remained long due to that spike on 2/10. But I disclose that I would have been suckered into selling on 3/30, and I don't think I would have come back, I usually don't repeat trades in the same stock, as I am off looking for another popular pattern du jour.
I'm starting to notice another trend that is pretty enticing. I've been watching stocks that do a breakout similar the ".03" break-out I talked about earlier that have these attributes: spike to that level and close at 100% stoch, not 99 or 99.5% stoch, but pure 100% stoch, with bullish acc/dist and Chaikin Osc after the peak (these two indicators are not nearly as important as the 100% stoch, but should at least have a decent cup and handle formation after the peak). This formation is, more often than not, becoming a firecracker. I have to feel pretty cocky in a strong market to chase the second up wave, because these trades can result in long term investments. I'd like round trips to be under 3 months, worst case scenario, and my CMKX timeframe has been a lot longer than that. I chased a second wave up on that one....almost two years ago. Still long and strong at an average of .00027 on that one. I don't understand what is keeping CMKX down, and I'm serious about that.
Avarice Monopolist
