QUICK UPDATE – The last report(s) are still valid, but I wanted to add a few thoughts.
First – Some work was being done on the website & a few got an email alert saying a new report was posted. It was a “Test” and I apologize for the confusion. That alert was not meant to be sent. If ever in doubt…Do you see the RED chartfreak box at the top left of the website …click it and it will always take you to the home page & most recent post.
Second: my last report discussed the reward of BUYING THE DIP. This was the same day following that report (Yes, we still have FED WED ahead, but so far so good). Good volume on a reversal,so far.
I am writing and posting this picture, because if you have been following my reports for the last few weeks, you know that I was buying VIMC around $3.75, and then trading it. I also have been calling for some “GIANTS” to POP UP and with VIMC earnings, I did feel that this one is a candidate. You also know that….
I SOLD A PORTION OF VIMC yesterday as shown on the chart below !! Thankfully , I held on to some too. When we get a bit overextended, I tend to sell 1/2 a position and plan on buying back in on a pullback. JESSE LIVERMORE, however, told me to just ‘sit tight’. lets see how my selling worked out?… Sold near $6.50 yesterday
I have been reporting that this weekly is EXPLOSIVE! Above $5 is GREAT!!
This was Today- Did it really hit $9.38?!!
AHHH, the GIANTS AMONG US! see http://www.chartfreak.com/2014/09/09/giants-among-us/#more-1172
OTIV IS THE SAME set up as VIMC , with a close above $4 wkly…Keep that in mind!!
Well, I am just here to do a quick update…The last 4 posts are STILL valid. Please read them or re-read them if you need to (I often do) . So Review them if you need to, the charts that had Probable set ups …many still do, some have xploded, and of course some have become a bit “SKETCHY”. Ones that have EXPLODED since I mentioned them (CGA, OTIV, for example) have now pulled back already. So keep track of them and look for opportunities. In the “COMMENTS” section at the end of each post, feel free to ask questions and I will try to answer them in a reasonable amt of time. UPDATE:
I mentioned AEZS a while ago in AUG …a great base & a few other positive points. ( See that POP? It doesnt look like much, wait till we get to the daily )
It is moving up in stealth mode & I don’t think many see it. I showed this base in AUG –
Since then I lowered the trendline and see that it BROKE OUT , and TESTED the trend line here, then ran up
What I see today (A close up of the green circle in the above chart) Is a great move & the reversal today looked fairly strong
I bought a IFON early today from my phone! “FROM MY PHONE?” Really, why? Whats the hurry? I was away from my laptop, but I have been stalking this one ever since they released earnings. They had a great report I.M.O. Just like VIMC, but it hadnt POPPED again. Today I see potential.
LOOK AT THE WEEKLY!! It already Broke out last Dec , tested that break, and today resumed the uptrend. THAT’S WHY I jumped in.
Think about this...IFON ran from under 50cents to almost $5 in months...It HAD TO REST RIGHT?
So it dipped down and went sideways all yr around $2 to $2.50 up & down on avg volume…now it POPS on Huge volume, great earnings .
HMMM, where is it going in your thinking? . UP or DOWN?
If it forms a bull-flag, get ready to buy, but honestly…this “Might” be just launching upward from here soon.
I see it this way as a probability – Volume is HUGE on a wkly for 2 days!
LUNA is still setting up correctly. This was SEPT 15…today, Sept 16 – it did the same. Low risk entry is here or if it drops again… these lows.
I wanted to write to mention a few more things like the fact that some SHIPPERS really caught my eye today.
Look up SINO, TNK, SHIP ..those reacted with good volume, others are set up nicely So they go on the immediate watch list.
There is almost too much to watch, right? SO MANY stocks on my stock-list…Seriously , you all only know 1/2 of them. I feel like these Markets could just be on a parabolic type bullish run. ‘Buy the dips’…Its like Musical chairs…you run around having fun until the (FED) music stops and then theres no place to sit down comfortably. When the music starts again, what do you do? You have to run around and have fun until it stops…tomorrow is FED WEDNESDAY. The markets reversed today in anticipation that the FED plays the same ole song. We’ll see if the game is still “On”!!
Thanks for reading, stay alert and STAY FROSTY MY FRIENDS !! (And thx for all the re-tweets and sharing of my stuff with your friends and followers)