Grate alais you have there ACL profit Weasel. Any story to it?
There are several people here who know exactly what to look for to boosh with. Watch this board, and I one can get an idea of what to look for. Some people never see it, some people touch it here and there, and others find it constantly. Rufny is a poster here, and he has an eagle eye for them.
What I look for is more formation than anything else. I use indicators for sure, but they are secondary. The psychology behind the formation we look for is when the buyers get drunk on their stock. It is a slow build, takes a lot of time, but at a certain point the confirmation is so contageous that it leads to 20-100% over a few days to weeks. If you can spot them, you can load them, know your break point for loss and otherwise hold on for it. SOmetimes, I'm a couple weeks early, but the best ones I usually am.
Couple examples, that are in my history if you don't trust me.
3 year weekly chart, 13 and 50 week EMA's.
UGNE-Sept. 04, 13 week EMA is over 50 week EMA, consolidation along the 50, bust up out of it as the 13 and 50 squeeze together. Rest at 2 year highs for couple weeks, then WHAM, unrestricted airspace bull frenzy. You buy the squeeze of 13X50 or wait for confirmation by a downtrend break.
HDTV-Oct. 04, Same deal with 13 x 50.
CPTC was same deal. Break of 3 year downtrend and triangle formation, came back and tested the resistance of that break, and then BOOOOOOOOSHED.
Couple new ones to watch.
BIPH-3 year dowtnrend break, backtest, then 1 year dowtnrend break, backtest, bounce, waiting for 1.45 to break for major confirmation. Bulls should get wasted if BIPH breaks that. 2.30-3.60 target if that happens.
VTSI-consolidating and resting right near 3 year highs. 13 above 50, squeeze, bust up a bit, now backtesting the 1.3 year downtrend. If it holds the new support over next couple weeks, this should double.
I'll throw out some charts over the next couple posts.
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