Wednesday, September 16, 2009

Consolidation Is Key!!


Wow! If you follow a stock and look for patterns, it can really impress you with some great results! RF is a fantastic example. I entered at 5.65 when it broke its bullish triangle and stayed with it to resistance at 6.68! This one was on the alert service immediately, hope everyone got in on it too!

KERX printed an amazing bull pennant during its premarket and roared upward on FDA news which always moves a stock! I got in at 2.00, sent the alert, and let it ride until it formed a huge shooting star on the 5 minute chart. Luckily, there was a nice bounce and patience allowed my exit at 2.42!



I am watching AIG and CROX carefully for an entry point, notice the consolidation patterns!