Sykes’ Saturday Seven: March 22nd, 2008 Edition
Techcrunch might be right about Inspectd.com being fun and addicting, but it sets a very very very very very very very bad example. The problem lay in the fact that pattern recognition is only part of the game, you also have to understand the variables that align to CREATE those patterns. Comparing a 100% one-week stock price jump based on a positive earnings report—meaningful, further strength likely—is very very very very very very very different from the same kind of jump based on two ANALyst upgrades and a newsletter mention—hype, reversal probable. Exemplified by the pic below:
Check out THIS sweet 20 minute podcast talking to some other traders
Also check out THIS interview I did, chastising those pathetic people who can’t pay their debts
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1timsykes
March 22nd, 2008 at 4:31 pm
Also wanted to link this article from thestreet.com on NEON’s cool little touch screen phone:
http://www.thestreet.com/_yaho.....;cm_ite=NA
the stock has been crap for a very long time and i won’t buy it until i see some volume, but its on my watchlist for a possible ZVUE-type pump
2Zykosis(TIMBUCKS: $9)
March 22nd, 2008 at 5:24 pm
are you saving some good intraday charts to really detail some trades for your next book? that would be awesome!
3JJ(TIMBUCKS: $72)
March 22nd, 2008 at 9:42 pm
nice interview & great advice for people in debt! I couldn’t agree more!
4Oliver(TIMBUCKS: $12)
March 23rd, 2008 at 1:43 am
Hey TIm, I saw you had MALL on you “Stock Watching List”. What so you think of VVTV? They have pretty much the same chart pattern.
5dome
March 23rd, 2008 at 7:21 pm
hi tim
whta do you think about the financial system in us troubles are over?
6Tyler Hall
March 23rd, 2008 at 8:20 pm
BUY SKIP SELL is now burned into my retina’s
7Ugly
March 23rd, 2008 at 10:06 pm
Yeah, there are a lot of other factors that come into play with trading - but I don’t think it sets a bad example. I think it is a good tool for recognizing trends in charts.