creeps, page-106

FAR chart is so typical of any pumped stock that is lead directly into distribution, or to put simply - back slammed. The easy and most effective way of riding a stock that has come out of a base or off its lows .......1. watch how the lows of any HV up bars are respected. 2. If the lows are broken, watch by how far and if they are supported by close/earlier similar HV up bars. 3. When (and there is always the when) they are broken by a considerable amount or overlapping HV bars.. time is up, get out. On the FAR chart shown below it is plainly obvious to any Freddy that all was well in the build up to about 10cents. All the HV up bars had nice follow up action with quiet inside movement. Following the two HV up bars that surround the 10cent level, you would then expect to observe the same 'quiet with inside' action. This did not occur but what you got was a buyers climax (BC) or a ton of supply. I would expect the bottom of the higher shaded area (supply) to put a ceiling on any higher price for a long time.