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What Are the Common Denominators on the Charts?
You have to figureout who the hell you are. That's number one, ok. You can't be somebody else. There's nothing on a chart that is going to jump off the page and say, this is the right thing to do. Everything is trial and error. I look for a stock that puts in an initial move, bases out for at least five days, and once it gets above that initial move, i buy the stock. Supplies ons are where emotional buyers meet technical sellers,. If you don't know that supply one is there, you are going to get rejected 90 % of the time. And then the stock is going to fail.