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U.S. House Prices Analysis and Trend Forecast 2019 to 2021

Why We Don’t Buy Stock Breakouts

Stock-Markets / Stock Markets 2011 Nov 16, 2011 - 04:07 PM GMT

By: David_Grandey

Stock-Markets

See the 1st breakout into new highs above the green line? Four days later it rolled over, triggered the 8% rule and everyone got stopped out. For us? We chose to sit back and allow it to come to us in the form of a Pullback Off Highs pattern and the rest is history.  33.55 to 41.06 in just a few days!

 
Care to wonder what those initial breakout buyers who got stopped out are feeling about right now?  Even worse, we wonder what happens to new buyers if in the next few days this NOW EXTENDED stock happens to roll over. 
 
ALWAYS ALLOW STOCKS TO COME TO YOU, after all this isn’t the 1990′s anymore. We’ve said it before and we’ll say it again — We’re All About Alternative Entries here at All About Trends.
To learn more, like us on Facebook to learn more or visit our web site.

By David Grandey

www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

    David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

    © 2011 Copyright  David Grandey- All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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