Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: chowder	3/12/2007 11:22:04 PM
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FOOD FOR THOUGHT! ... Want to buy a stock that moves up more than 100% in under a year? BRCD and GT are two that I have brought to this message board. Here's a chart of another stock that has done the same thing. The buy signal is the high volume, wide range bar. I have shown several of these set ups in recent months. Know why most people won't buy it? They look backwards! This is what most people see: Most people look at that terrific buy point, at the extreme right hand edge of the chart, as price being overextended. They don't want to chase based on where price has been in the past. When your focus is on where price has been, it clouds your judgement on the true relationship between supply and demand. Professional traders buy strength. Their jobs and livelihood depend on results. They can't afford to sit and wait because their income isn't being supplemented elsewhere. They can't afford to double down on losing positions. They must perform now in order to survive. Therefore, they look to buy strength. And when professional or institutional traders start buying positions, they buy in size. Size increases demand. Increased demand increases price. And because they buy break outs, they don't have overhead supply coming to market. They don't have selling pressure to overcome. Therefore, demand driven stocks after break outs have the most explosive moves in a shorter period of time. The most explosive price moves come after price breaks out to a 52 week high on well above average volume. That's where your 100% gains in under a year are the most likely to show up. Just some food for thought.

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