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- 2006-7-3
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楼主 |
发表于 2009-3-26 16:31
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OK, I'm on a roll here; let's do another fun example. BORL, shown below, was clearly a fantastic winning stock. The bulls loved it, and wish good reason. You can see an "ANR-like" climb, as this company was seriously considered a threat to Microsoft's dominance in the microcomputer software field. Now click on "Present". How the mighty have fallen, eh? It's pretty sad.
I had taken profits on AZO a little while ago, and I'm sorry that I did. The (crude) diamond pattern in this stock seems to be fulfilling, and the price breaks beneath support.
One stock that was frustrating people with its slow movement was COF. This seems to be changing. COF had been, for about 7 months, bouncing between about $57 (on the high side) and a series of "higher lows" on the low side. But this trendline, shown below, was broken last month, and the damage is clearly done. Bears are finally getting their day on COF.
In May, I pointed out what looked like a nice little H&S pattern on LNN. This pattern was never really completed, though, and there's little more dangerous than a failed pattern, so I got out at once. The stock pushed higher. On Tuesday I was toying with the idea of shorting it, but shorting based on the conjecture of a double top is often dangerous, because there's very little to keep a stock from rendering the double top moot by having simply one more good day. In any event, a short here would have played out nicely, as the stock got zapped hard. Ah, well. This is something my charts wouldn't have been very good at predicting. |
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