CC,
Those who subscribe to Stockcharts will be able to see this, others won't.
Notice how the 10, 20, 30, 40, and 50 day moving averages are all bunched together? This indicates that the market is nearly in perfect balance between supply and demand. The market doesn't allow for these situations to maintain themselves, or the market wouldn't work.
The price is lodged in between those ranges. I've had some very good success playing these perfect balance plays by waiting on the price to break out. If up, go long. If down, go short, although the other stocks I've shorted weren't as low priced as TMR so, I wouldn't attempt a short personally.
The reason behind the success of this pattern is that you have a lot of technicians who key on different averages. All of them are bunched together so, you have more eyes keying on an outbreak. When it comes, volume should start rising because more people will key off the signal.
stockcharts.com[h,a]daclyiay[pc20!b50!b150!i!b10!c30!c40!f][vc60][iut!Lb14!Lo14!Lg!Lj[$spx]!Lm12!La12,26,9!Lah5,17,9]&pref=G
Since the market is hot and I'm getting some very good double digit returns in 3 days or less elsewhere, I'll wait for the breakout on TMR as opposed to tying up money, not knowing when the break will come.
Just my thoughts. If I'm wrong on the strategy, I haven't lost anything. If I'm right, it should be another quick double digit gainer.
dabum |
