YRCW printed a hammer candlestick yesterday. Today it pull back to yesterday’s high and setup a good dummy long entry. The risk is about 15 cents, reward is 75 cents(+5R).
ITMN gapped up and consolidated near 5 EMA for the right dummy entry.
My problem with dummy trading is that I watched too many stocks and seems always missed the great setup. I need to reduce the stocks in my watch list.
一月 8, 2008 4:15 上午于4:15 上午
I noticed that you are the only blogger who successfully screened and spotted ITMN. I would very much be interested in communicating with you and tracking the stocks that you find on a daily basis. I don’t see that you post the stocks that come up on your screen, but I would love to see your picks.
On ITMN I noticed there was no volume for quite some time. Apparrently the large volume at the open was a big tip off. Of course there is no way in being sure that the price would continue to rise, however the huge volume over the course of the day would be a confirming indicator. I think that this type of set up can be quite profitable, particularly on drug or biotechnology stocks posting results on their trials. Any such news must be factorerd and requires a little extra analysis. Hope to hear from you.