Wednesday, September 22, 2010

More timing and pullbacks



Despite its call letters NFG was anything but "No Fucking Good". It was a stellar performer.
I was late to this trade but shorted it at the top after it put in massive volume.












and covered it down here.








After playing the SVNT pop and shorting the pullback, I went long again right after and got stopped out when it fizzled. I thought to myself if I was the ones that wanted to acquire this stock I'd wait until the markets were going down in order to disguise my buying(if that was the reason for the big pop earlier). So I waited. When the markets did a feeble pop then moved down SVNT popped up. AH ha!
Soon a nice little trend developed







SVNT exit

Timing


I bankrobbed more than $1 on the rocketship up in SVNT.
Sold and shorted here
















covered $1 lower, now looking for the pullback to end and the force that made it jump up before, to take over again.

Pops and pullbacks



Optimum times to enter stocks that are moving is when they pop or pullback contra or with the real trend. The risk is minimal when you can time it right. Your job is to wait for it to tell you it is time by the way they move. In each case set the stop just under the range of the previous candle.
1st chart NZ pullback after big pop
2nd chart NZ running away now, we are way ahead of the crowd




TNA popped a bit after showing much weakness











TNA resumed its downtrend
money is being made with almost no risk involved.














TZA pulled back after moving higher strongly
















Stop was sniffed at but not hit, TZA lifting again. We are sitting pretty.