Friday, February 09, 2007 4:24:16 PM
Observations of a Chartist: Inverted Red Hammers
I was asked my opinion the other day on OLGC at 1.46
I recommended scaling in and waiting for confirmation of breakout before taking the plunge. She dipped for a couple of days and today broke out-
more volume would have been nice but- it's Friday
Notice the recurrence of inverted red hammers on this chart and how they were flawlessly followed by a rally of some sort ... I find it interesting that some stocks have there own unique personality traits in this way ... I dig stuff like that and just thought I'd share my observations with the board.
Enjoy!
I was asked my opinion the other day on OLGC at 1.46
I recommended scaling in and waiting for confirmation of breakout before taking the plunge. She dipped for a couple of days and today broke out-
more volume would have been nice but- it's Friday
Notice the recurrence of inverted red hammers on this chart and how they were flawlessly followed by a rally of some sort ... I find it interesting that some stocks have there own unique personality traits in this way ... I dig stuff like that and just thought I'd share my observations with the board.
Enjoy!
People who say it cannot be done should not interrupt the person doing it.
http://www.perry-mansfield.org/index_fl.html
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