Subscriber Emails
John,
I love your service. You have been right on since I joined. I entered NGS at your recommended price. Am delighted by results. What do you mean by monitor your gains? My tendency is to sell too early. I am reading the trading wisdom and I am listening to your updates. Do you have a stop loss follow up policy or is it a break of trend that you give us an email reminder on?
Ps. do you ever sleep? Thanks for letting me sleep more comfortably, no matter what the market is doing.
sincerely, a new fan, Robin
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Hi John,
When you talk about the RST what do you mean by that...........Link
Thanks,
Tom
also, when you put a recommended stock on the stock portfolio table how can
we find out what sector/industry the stock is from?
can you make a separate column on that table to show it?
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Pixster,
Any new info on the tutorial/medved (bullish-bearish reversals) ???
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June Seminar News
Cruise--Seminar--We are leaving it uo to you to give us feedback as to where you would like to go, if you can even go and where you want to go. We have several possibilities and we are flexible but it does require your feedback........Link (There are 2 links one that goes over some cruise details and then the voting is up on the top link. (It also includes the contest rules so several subscribers have the chance to win the entire trip with all the amenities for free on Trending123.com)
Continuation Wedge (Bullish) Classic Pattern
Implication
A Continuation Wedge (Bullish) is considered a bullish signal. It indicates a possible continuation of the current uptrend.
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Description
A Continuation Wedge (Bullish) consists of two converging trend lines. The trend lines are slanted downward. Unlike the Triangles where the apex is pointed to the right, the apex of this pattern is slanted downwards at an angle. This is because prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. A bullish signal occurs when prices break above the upper trendline.
Over the weeks or months that this pattern forms the trend appears downward but the long-term range is still upward.
Volume should diminish as the pattern forms.
Click Image Below To Learn About All Chart Patterns
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Trading Considerations
Pattern Duration
Consider the duration of the pattern and its relationship to your trading time horizons. The duration of the pattern is considered to be an indicator of the duration of the influence of this pattern. The longer the pattern the longer it will take for the price to move to the Target. The shorter the pattern the sooner the price move. If you are considering a short-term trading opportunity, look for a pattern with a short duration. If you are considering a longer-term trading opportunity, look for a pattern with a longer duration.
Target Price
The target price provides an important indication about the potential price move that this pattern indicates. Consider whether the target price for this pattern is sufficient to provide adequate returns after your costs (such as commissions) have been taken into account. A good rule of thumb is that the target price must indicate a potential return of greater than 5% before a pattern should be considered useful. However you must consider the current price and the volume of shares you intend to trade. Also, check that the target price has not already been achieved.
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Criteria that Supports
Volume
Volume should diminish as the pattern forms.
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Criteria that Refutes
Moving Average
The penetration of the 200-day Moving Average by the price is a false bear signal.
Rising or Stable Volume
Volume should diminish as the pattern forms. If volume remains the same or increases this signal is less reliable.
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Underlying Behavior
In this pattern prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows indicating that bears are winning over bulls. However, at the breakout point the bulls emerge the victors and the price rises.
Gains in points 114.18 on the past 33 trades suggested
Industry Group Loctated At the top of every webpage chart and chart pattern scan chart
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