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Vendit: I'll give a little help on Candlesticks: Friday's candle is a "hanging man", and not necessarily a reversal signal. The following day (in this case, Monday's)candle is needed to confirm direction. Often, it is part of a continuation pattern----and a beartrap for shorts. Also, you just mistaken on the stochastic---it doesn't show a turn at all. It shows topping, which can go on for days. Don't follow Williams R, myself. Long: Record volume last thursday. No selloff---I expected one, myself. Very, very small float. Large short interest. Bearish sentiment----on this thread. I could be wrong, often am. In fact I'm wrong more than right, but when I'm right it's a bonanza. And I make a living. You shorts are playing with a powderkeg here. If I'm wrong, I'll stop out in the morning, and do better than break-even. If I'm right I'll ride this one to $140. That's a great risk-reward setup any day. See ya at the open. |
