Thursday, March 22, 2012

it will be there if u wait

waited all day impatiently  and then the triple top resolved --   almost stopped out -- and then I called the bottom to the tick...   the pattern resolved.

 There is no way to be profitable except to determine  support/resistance and then trade when the patterns resolve at those levels -- using Market Signals to determine strength.

 Attempting to buy weakness is disastrous as always. 

 Strong  momo names are strong and that's what will work.    The /gc also worked but it tends to break patterns -- run stops. 

By determining the resistance / support lines -- one can safely enter.  And even the failures will be small so that the winners can overcome the losses.  But there are only 2 or 3 trades max per day so patience is required.

No comments: