dr dave, looks like DRYS is in a nice wedge pattern, thirsty to break out.
i know we've been through this before, and i refer to my books, but in your opinion whats the best way to get a target on a bullish breakout on any wedge pattern?
dr dave, looks like DRYS is in a nice wedge pattern, thirsty to break out.
i know we've been through this before, and i refer to my books, but in your opinion whats the best way to get a target on a bullish breakout on any wedge pattern?
QASP is back down below .019 this morning.
The roller coaster continues with this one. It's a great trading stock. The question is where is the bottom this time?
Hey, gang--
I am getting out of BEHL this week, gunning for an exit with about a 40% profit. I will then take that money and begin trading 1-2x per month. (I don't have a margin account, so I will need to hold a week or two.)
I'd like to get in to 1-2 stocks per month, and get out with something. The way I see it, a lot of smaller "somethings" is more likely than one big "something".
Should be an interesting process, regardless.
I may need to rethink my strategy as well. Maybe keep a core position in everything I have and play with the rest. Its a new trading year, why not? I really can't day trade though. So I will need to think about this. A news years resolution of mine us to get educated a bit more, can anyone point me in the right direction...I need a easy to read book on playing the market? Maybe Ill hit the local bookstore today.
Shots - I'm out ANX, just taking the profit, may come back later
im out of ENCO, bought at .31 sold at .35.. i got scared of the big reverse from the HOD
bulkowski wedge breakout target = for bullish breakout, ((high - low of wedge) x 70%) + breakout price. for bearish breakout , ((high - low) x 30%) - breakout price.