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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (46660)	2/22/2013 12:03:39 PM
From: expiredoptions	Respond to of 219151

Re Fintas: From a longer term standpoint, I see similar lower numbers also. But from a shorter term prospective, I am just using a simple candlestick method learned from years of Pristine training: 1: A down trending stock makes lower lows and lower highs for a given period of time. 2: Suddenly the lows keep stopping at the exact same level......two....three...or even four times, but it doesn't break this support level. 3: Then the next short term rally goes higher than the previous short term rally. 4: Seven times out of ten, the next short term pullback will make a higher low than the previous short term pullback's low. 5: And a new short term uptrend begins! But remember here, this is short term thinking that can (or may not) turn into something longer term. Short Term: Daily candles. Intermediate Term: Weekly candles. Long Term: Monthly candles. It all has to gradually build into the next level of time prospective.