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flash....with recent "cathartic/scared" high-volume low, SYQT finally in position to possible be pot. double-bottom BUY, and/or begin "base-building" via my "PSYCLE sm" trading concept....while it should only be bought, below $ 2., only in a diversified portfolio, with a stop below recent lows, SYQT finally shows the normal, usual PSYCLE-signal of exhaustive downside behavior, accompanied by normal "end of the world worries" from intelligent fundamental/news-followers like you nice people on this string....in order to set up correctly, it MUST look "bleak", and must have the volume catharsis, which, it would seem, SYQT just had....dig ? I appreciate all the cogent comments on SYQT....thought you should know, what it maybhe shaping up as, from a technical/psychological pattern view...only with stops, I have also recently recommended buying, things, like, FRLN, BORL, PRMS, SYSF, IOM, TSATA, TST, ACE, COSFF, only right near their recent lows, in allied industry groups...not great, but decent shots....I am happy to share my output, and I teach my "PSYCLE sm" to any interested....it has done very, very well in recent years, buying only truly depressed issues, with good money mgmt. for others....(also catches many extended Tops, for that side, as well, and is not perfect, but few traders are even aware such a concept exists for their benefit....best wishes to all, |
