Replies to post #45650 on lowtrade

[lowtrade]

Same thing with a flag play I closed quick on the gap up, at http://stockcharts.com/h-sc/ui?s=ASNA&p=D&yr=0&mn=3&dy=0&id=p56243465217

Parabolic runs normally end as bad as the emotion run is good.

You MUST watch for exhaustion !!! Either a large high candle tail, on strong volume or a larger then normal gap open.

The tail usually see's a reversal a day or two after the high candle tail. And with the gap open, it's usually the turn day, next day.

The main thing to keep in mind for any parabolic run is don't wait for red. Get out on any whim that causes concern. Take profits and be happy. Greed is NOT your friend in parabolic plays.

[lowtrade]

Now that the emotion has settled, GBLX has formed an interesting pennant pattern. Well worth keeping an eye on.