Here is a chart that burst onto the scene and took off into outerspace - Now one of the interesting things - that we often encounter on the DT thread - stock goes up to ridiculous levels on day one - a lot buy it up there - and inevitably it reverses the next day - then the catcalls come in - See it's a dog blah blah- day three comes and it reverses up again- takes out the high of day two and closes on day two high - just looking at the volume on day three - which is equal to day two -
Notably not a mention today (I think I was not watching ) daytraders have a short attention span- however there is now a flag formation going on here which will inevitably swing to a point - which can also provide great trades - just thought it might be a study piece - I have short attention span too
So much going on that you can't have eyes on everything - however one point with stuff like this - is it pays to watch how it plays out- given that it had such a powerful rise - Mr market is not 100 % stoopid there may be a bit of substance to these ones - guess it pays to check the FA on such rises - they can also land in the trade trash bin - that is always the risk -
I will tip my hat as usual to Jako for giving insight to how he categorises his scanning choices - CR pumps I do know he ignores - Rightly so if not paying attention during the day- however I welcome any comments and theories insight - and just a note when I looked at the homework chart got me to thinking - it has taken 13 years for the chart to play out ...
It looks the same to me as any chart - they all look the same - just thinking out loud -
Here is the chart anyway -
Just best to mention that I have done NO FA homework - the more I use charts the more I am not really bothered to do all that reading either - I used to - and more and more I am finding it just disrupts my thinking -
However I don't recall we had these types of problems a few months ago either - or ?
