"A picture is worth a thousand words" has never seemed more appropriate than when looking at the market. However, I want to add my own version, "a picture taken from afar is worth one hundred thousand words". This site posts charts of interest, and repeatable chart pattern's that will make you a better trader and hopefully return you some extra cash.
8.13.2011
200 weekly moving avg...
Ah, the 200 weekly moving avg... no blog, that I am aware of, talks about this moving average as much as I do...everyone spends their time on daily and hourly charts... anyway, glad to see the 200 wma do its job..
So, I stumbled across a stock this weekend, that I think can move up big from here, and in a hurry..I like it so much, I am going to buy it this week in my 401k, perhaps as early as monday morning. Hopefully a lower open will make it easier for me to get in at a better price... the chart shows the first of a double bottom is being put in place right here. This is after 3 years of down trends...it's a low risk entry, for 20% upside in 2-3 weeks.
If your are interested, let me know and I will send you the chart...
tb
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