Replies to post #10786 on CHARTSTALKER

[mcmike]

SMSI added today for candlestick pattern

was hoping for harami and got harami cross, an even stronger chart reversal pattern.
exhibited same pattern on 11/29&30, 12/20&21, and a similar structure the last time it was oversold on 1/05&06. It gapped on 1/7.
SMSI has been a nice cycler getting to the bottom of BBs when oversold and the top when overbought. Current top of band is 40% move, and therefore, in my thinking worth the risk of being early due to it's tendency to gap up (12/2 & 1/7) & i hate chasing gappers

Stop at 6.80 which would be a break of support back to November lows and retested 1/12. 2/1, & today.

[mcmike]

IPIX added bouncing off intraday low

stopped out SMSI...of course it bounced right after
scalped FMDAY to hod....got one right
trying to be patient with SCON (actually own it in LT acc't from years ago)