just wondering what others think of this thread. at ASF we have a breakout thread, potential breakout thread, what about creating a potential trend reversal thread?
as everyone knows not all stocks are going up all the time. my point is that we can pool knowledge regarding downtrending/uptrending stocks and pick indicators of trend reversal.
for eg, zinc stocks have come right off the boil last couple months, we saw CBH hit bottom arounr 55 cents, KZL around 4.95, ZFX around 15.60. spot price of zinc has come off the highs and i believe many zinc stocks were oversold.
we had several indicators of the selling trend reversing and there are some easy gains 10% plus over 2-3 days for most zinc stocks when trend reversed and stocks bounced.
obviously many people dont like the idea of stocks downtrending or shorting a stock, but as people learn more and more it opens the door for potentially many different trading opportunities.
this thread would not have to be limited to downtrends either, if a stock has been uptrending and there are also signals of trend reversal should be posted here, as people may have the opportunity to short the stock.
just wondering what peoples opinions on this are?