Techcrunch might be right about Inspectd.com being fun and addicting, but it sets a very very very very very very very bad example. The problem lay in the fact that pattern recognition is only part of the game, you also have to understand the variables that align to CREATE those patterns. Comparing a 100% one-week stock price jump based on a positive earnings report—meaningful, further strength likely—is very very very very very very very different from the same kind of jump based on two ANALyst upgrades and a newsletter mention—hype, reversal probable. Exemplified by the pic below:
Check out THIS sweet 20 minute podcast talking to some other traders
Also check out THIS interview I did, chastising those pathetic people who can’t pay their debts
Be sure to visit some TIMlinks, I visit the top 5 regularly cuz they’re actually good
Have you seen the new JPMorgan/Bear logo? IT ROCKS! (gratzie Lindzon)
Trainee Trader not only won my FREE PennyStocking DVD package giveaway, but he’s also ranked lots of finance blogs based on their readability
WHY Tracey Coenen, whose book about uncovering frauds I’m currently reading, is in love with me…awwwwwww
UPDATE: Die Duke!