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Stock Sound Bases Vs. V-Shaped Bases

Companies / Learning to Invest Jul 12, 2011 - 12:24 PM GMT

By: David_Grandey

Companies

Best Financial Markets Analysis ArticleDon’t get us wrong, we are all for buying breakouts into new highs. But we do so with a catch and that is — OFF OF SOUND BASES VS V SHAPED BREAKOUTS.

Below is TSCO which is a good example of a sound breakout.




Below are some of the names with V-shaped patterns




This is the power of not chasing names via an emotional state called fear, as in fear of missing it after you already missed it. It also shows you the power of good patterns vs faulty sloppy patterns too. Lastly it also shows one how the “Art Of Allowing Them To Come To You” works.

The pink lines are what we call Pullback Off Highs — we’ve added these stocks to the watch list for our paying subscribers. A break above the pink link triggers a long side trade.

Which would you rather do? Buy them as they are breaking out into new highs or wait for them to come to you and buy them several points lower?

    By David Grandey

    www.allabouttrends.net

    To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

    David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

    © 2011 Copyright  David Grandey- All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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