Bill Wexler's Profits of DOOM Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bill Wexler's Profits of DOOM

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jumper who wrote (295)	3/9/1998 2:10:00 PM
From: Jim Roof	Read Replies (1) of 4634

Since you are in this shorter's forum you really need to know that a fully verified head and shoulders top is at least 85% predictable of a major downturn. The trick is to know when one is forming and when it is confirmed. The danger in shorting on fundamentals is trying to pick the top and missing - by a lot. 2 years ago QDEK was about 40 and that was the top but the formation was not complete and confirmed until it was a good bit lower than that (mid-high 20's if my memory serves me). A trade in the 30's would have seen a few bad days. A short at 40 would have been on luck alone. The trade in the mid 20's was almost a sure bet. So, do you want the biggest ride in one issue or the surest bet? No joke, these tops are overwhelmingly in favor of carrying out a major reversal. Same can be said for the bottom variety as well (and one of Wexler's picks looks to actually have made a bottom H&S). Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next