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I disagree, A price going up in the current market conditions is not likely to keep going up past previous resistance,the SP will mildly pass it and fall midway to the next channel, 'guaranteed within the week'.I pointed out my entry points on this thread yesterday. Yesterday I purchased ROC at a channel bottom and stuck with it today as it finished the day mid channel. BSG I didn't purchase yesterday as it was mid channel, Today it spiked early (its a strong breakout stock and the market was good). I posted my buy at mid present channel predicting it would end the day mid next channel. Shortly after some silly punter dumped his stock on short profit and swallowed me up at SP $2.16, the SP then turned bullish all the way to $2.45. I dumped at $ 2.42 a point which was the same as its previous POR. Bottom channel purchases today were SBM (very nice) & PNA. Holds till tommorow were KZL & ROC ( ROC channel was a welcome suprise and I dumped 70k into it on Wednesday).If you stick to the crude basics, stick with the same stocks and enter only at the bottom POR on a bad market (not early) and exit at the top of the channel (don't get tempted to stay in). You end up trading the same stocks, multiple times for at least a 20% gain each month for minimal risk. The only problem is that you might be locked out if the market goes on a run. Tomorrow might be the day this happens, hopefully.
I disagree, A price going up in the current market conditions is not likely to keep going up past previous resistance,the SP will mildly pass it and fall midway to the next channel, 'guaranteed within the week'.
I pointed out my entry points on this thread yesterday. Yesterday I purchased ROC at a channel bottom and stuck with it today as it finished the day mid channel. BSG I didn't purchase yesterday as it was mid channel, Today it spiked early (its a strong breakout stock and the market was good). I posted my buy at mid present channel predicting it would end the day mid next channel. Shortly after some silly punter dumped his stock on short profit and swallowed me up at SP $2.16, the SP then turned bullish all the way to $2.45. I dumped at $ 2.42 a point which was the same as its previous POR. Bottom channel purchases today were SBM (very nice) & PNA. Holds till tommorow were KZL & ROC ( ROC channel was a welcome suprise and I dumped 70k into it on Wednesday).
If you stick to the crude basics, stick with the same stocks and enter only at the bottom POR on a bad market (not early) and exit at the top of the channel (don't get tempted to stay in). You end up trading the same stocks, multiple times for at least a 20% gain each month for minimal risk. The only problem is that you might be locked out if the market goes on a run. Tomorrow might be the day this happens, hopefully.
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