In the stock market, trading challenge students have learned there are very few things that are very predictable.
Tag Archives: Charts Rock!
The Seemingly Unchanging Million Dollar Profit Stock Market Pattern: [8 PRETTY CHARTS]
December 15, 2010 at 8:30 am by Timothy Sykes
Uh Oh, Guess Who’s Now Exhibiting The Perfect Technical Breakdown Pattern?
July 11, 2008 at 8:01 am by Timothy Sykes
Memba 4 days ago when I featured Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) as perfect technical breakdowns/a short selling pattern I looooooove? Well, since then those two turds have dropped 16% and 33%, respectively. Forget all the BS media noise, rumors, tips, fundamentals, screwed employees, just all the shitty things/petty human waste products that are a part of every day Wall Street and focus on the charts. Can you guess which financial company is showing the EXACT same pattern?
Uh Oh, Guess Who's Now Exhibiting The Perfect Technical Breakdown Pattern?
July 11, 2008 at 8:01 am by Timothy Sykes
Memba 4 days ago when I featured Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) as perfect technical breakdowns/a short selling pattern I looooooove? Well, since then those two turds have dropped 16% and 33%, respectively. Forget all the BS media noise, rumors, tips, fundamentals, screwed employees, just all the shitty things/petty human waste products that are a part of every day Wall Street and focus on the charts. Can you guess which financial company is showing the EXACT same pattern?
American Beauty: Two Stocks Exemplifying Perfect Technical Breakdowns
July 7, 2008 at 7:43 pm by Timothy Sykes
You know me, I prefer trading frauds and pump and dumps to real companies, especially real financial companies, especially really f#!$ed financial companies, but I can’t help but appreciate the perfect charts on Fannie Mae (FNM) and Freddie Mac (FRE). These companies are moving based off news, financing, possible collapse, blah blah, blah…go watch CNBC, it bores me…but notice how the panic really set in when they both took out their March lows. This is what I’m talking about when I say I want to short into lower lows, whether that appears on an intraday, daily or monthly basis, preferably altogether as that’s when there are stop losses galore getting taken out simultaneously, or at least within a few minutes … Continue reading
Trust No One But Respect The Action: 3 Oil Breakouts & 4 Breakdowns
July 2, 2008 at 1:27 pm by Timothy Sykes
Ahh you gotta love it when new players enter and old ones retire—traders AND stocks. The key is being able to take what you can from each and then move onto the new hotness… With that thinking, I loved CNEH—it was a weekend affair—but its proving itself to be too slow to continue to interest me (that’s right, I have commitment issues, I said it), CHQ and GST have been trying awfully hard, but their volume just plain sucks. Traders are fickle, we gotta have big moves and big volume… So check out the 7 charts below, 3 of them are the new hot plays
Trust No One But Respect The Action: 3 Oil Breakouts & 4 Breakdowns
July 2, 2008 at 1:27 pm by Timothy Sykes
Ahh you gotta love it when new players enter and old ones retire—traders AND stocks. The key is being able to take what you can from each and then move onto the new hotness… With that thinking, I loved CNEH—it was a weekend affair—but its proving itself to be too slow to continue to interest me (that’s right, I have commitment issues, I said it), CHQ and GST have been trying awfully hard, but their volume just plain sucks. Traders are fickle, we gotta have big moves and big volume… So check out the 7 charts below, 3 of them are the new hot plays
Book Review: Either Read Technical Analysis Using Multiple Timeframes By Brian Shannon Or Lose Money Trading
June 30, 2008 at 6:23 pm by Timothy Sykes
The vast majority of finance books written in the last decade are complete and utter shit. (I know this, you know this, hell, even our joke of an industry itself knows this, but nothing’s changin’ anytime soon cuz shitty books still make money due to the financial miseducation of the general public aka Watch TV and you won’t get rich, you’re just gonna get fat…or fatter!) Because they are written by marketers, fee-earners aka scum suckers, frauds, talking heads and sugarcoated / generalized to the point where we find our once great profession near-dead last in understandability/openness/excitement and widespread profitability. Given these dark times, there are only a few wise choices—my book An American Hedge Fund (total openness/understandability) a few … Continue reading
2 Wild & Crazy Stock Charts & Videos That Teach Important Lessons
June 5, 2008 at 3:47 pm by Timothy Sykes
First up is NTI, which I shorted successfully again and again, several points ago…proving that while there’s money to be made on the short side, there’s even more to be made on the long side. More importantly, if you do short, you gotta recognize the difference between consolidation and gradual fading…NTI kept making higher lows and when you’ve got a stock this illiquid filled with determined/naive long-term shorts, it’s practically a short squeeze made in heaven, which is what’s goin’ on today. Learrrrrrn
2 Wild & Crazy Stock Charts & Videos That Teach Important Lessons
June 5, 2008 at 3:47 pm by Timothy Sykes
First up is NTI, which I shorted successfully again and again, several points ago…proving that while there’s money to be made on the short side, there’s even more to be made on the long side. More importantly, if you do short, you gotta recognize the difference between consolidation and gradual fading…NTI kept making higher lows and when you’ve got a stock this illiquid filled with determined/naive long-term shorts, it’s practically a short squeeze made in heaven, which is what’s goin’ on today. Learrrrrrn
15 Low Priced Stocks: Buy & Short Sell Some, Avoid Most, Despise Them All!
May 6, 2008 at 8:59 am by Timothy Sykes
First, let’s get the fun / useless guessing game contest over with—with YHOO’s $24.37 closing price, there were 2 winners: Ann-Nan Lo $24.50 and DarkMatter $24.24—congrats guys! (UPDATE: Ann-Nan Lo has been disqualified cuz her winning guess was her second…wow, my readers are on top of things!) Now to business, stocks with predictable charts—doubt any of these topics will get 200+ comments, but gimme a few years to set you straight. Tons of plays, gonna be handicapped yet again by the SEC pattern day trading rule—all that handicapping inspired me to write one hell of a post, which I gotta vet with a lawyer… VNDA Yes its bounced, but its a ton off its highs and it’s an earnings play, … Continue reading
