Charting 105

I was so distracted by tweeting that I let SRS get away.



Did you see the double bottom, followed by break above resistance, then a cross over?

Just in case you didn't, here is a mental image of what a double bottom looks like.



Here is what the entire day look like.


I traded FAS today for 10 pennies. Somehow that does not seem to excite me. Here is a little math. 5000 shares @ 10 pennies yield $500 profit while risking 25k+.

The same potential existed in SRS while risking only 7.5k.

I just don't get it, do you?

BUY GBX

Click on title for chart.

Another 4.8,21 signal.

Remember to put stop loss and protect profit.

Warren Buffett Deal Play

BUY AKS

Click on title for chart.

Another 4.8,21 signal.

Remember to put stop loss and protect profit.

BUY VLO (4,8,21 cross-over)

See the nice base it made?

SNDK

SNDK is holding up relatively well considering the sell off in the market today.

Makes we wonder. The longer it base around 38-39, the larger the break out will be.

Just hope it does not close below 38.

BUY SYNA

Another 4,8,21 ema cross over.

SNDK BUY Using 4,8,21 ema

Here is the chart. Give it a chance to work before giving up on it.

It's not easy to catch one of these mid-day.