TYC is trading at an all time high. Anyone care to pick the reversal point?
Weekly chart is either showing major breakout or... fakeout:
stockcharts.com[L,A]WAOLYYMY[PB50!B200!D20,2][VC60][IUK8,1,1!LA12,26,9!LL10]
Monthly chart is one of the strongest i've ever seen:
stockcharts.com[L,A]MAOLYYMY[PB50!B200!D20,2][VC60][IUK8,1,1!LA12,26,9!LL10]
I think that aside from your wanting to get optimal leverage (especially with options), part of the allure in trying to pick absolute tops and bottoms is due to the belief that the reversal will be swift... offering a higher percentage return in a relatively shorter amount of time.
Witness the price action in ALSI yesterday:
stockcharts.com[L,A]DAOLYYMY[PB50!B200!D20,2][VC60][IUK8,1,1!LA12,26,9!LL10]
In a similar manner, we might expect THQI to reverse quickly: (double top in daily)
stockcharts.com[L,A]DAOLYYMY[PB50!B200!D20,2][VC60][IUK8,1,1!LA12,26,9!LL10]
BARZ: very intriguing company... trading at an all time high. Admittedly, the weekly chart shows amazing strength... but, the daily has almost nothing in terms of support: stockcharts.com[L,A]DAOLYYMY[PB50!B200!D20,2][VC60][IUK8,1,1!LA12,26,9!LL10]
On the other side of the spectrum... the chart of microcap BLZN is trading at an all time low. Nobody wants it. It is priced as though it's going out of business. Because there is little evidence of resistance, this stock could correct to the upside dramatically: (currently sitting at a double bottom with a return in volume):
stockcharts.com[L,A]DAOLYYMY[PB50!B200!D20,2][VC60][IUK8,1,1!LA12,26,9!LL10]
I would appreciate any clues about what one might look for in an effort to 'shamefully' pick these tops and bottoms... say, if one were interested in becoming 'shamefully' rich? <gg>
All kiding aside Teresa, your a great asset to the boards... thanks for sharing your charts, etc... |
