Replies to post #30416 on lowtrade

[floydianslips]

Here is his reply:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74123881

[Silversurfer1]

Thanks TA. I'm in chart school, term I and am just learning the lingo and identifying patterns of potential watch list stocks. What's your thoughts on HBRM? Thanks in advance.

SS1

[picheljitsu]

All the green candles, to me, means big institutional money is chasing it. Seems common with biotechs. Just like RGEN's recent run. AVNR had a similar run before earnings. Seems like someone knows something's up.

Biotechs can be scary to trade. I've reaped some great rewards and have been burned just about as many times. But, if you see steady uptrends, that makes me think big money is comfortable with the risk.

[lowtrade]

Your correct, indicators are negative, CLDX is in the handle stage. See the chart, not just the past few days. You seem to continue to care about whats happening the past few days. Keep bringing 1 day breakout stocks with no patterns before. Keep in mind, you want to find pattern charts breaking out. Not just the breakout.

The difference between your VALV and my CLDX is one has nothing projecting future price movement target and the other does. One popped and the other may. VALV chart tells you nothing about what to expect and CLDX projects 25% target, because of previous chart pattern.

We're looking for patterns, not just emotional surges. Historical patterns give one projections to base trading plans on. Flash this one in front of me, is exciting. Thats just gambling.