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Strategies & Market Trends : Ted Warren's Investolator

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To: Balti who wrote (1301)5/17/2023 2:53:19 PM
From: WEagle  Read Replies (1) of 1795
 
Balti,

What I see by looking at JOB from 2017 until now is a nice slow decline with a relative quiet period leading to a buy signal in May 2020 followed by a quick thrust move to about 2.5. On that type of move Ted says sell -- take the money and run -- it might settle back down and be many more years before you see it that high again. However, in this case it settled back and then made another move up, giving anyone who missed the sell at 2.5 another chance to sell at about 2.0.

After that it declined back down to around 0.5. At that point I see a flat base forming with a false move going up in the summer and fall of 2022 until it collapsed back down to around 0.5 again. This false move ended in disappointment to the public buyer. It was possibly intentional on the part of the manipulators to shake more share out of the public's hands. This smells of continuing manipulator accumulation. Ted would have said that an "investolator" would not be caught in this trap. He would not have bought on this flat because there had not been enough time for the flat to build up the strength that we are looking for. (We want three years or more for a flat.)

None of this is to say a big move can't happen, but we look to follow Ted's rules to increase the probability of buying a stock that will produce a move of 200 - 300% or even more.

WEagle
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