RE: Watchlist - Traders method
(2013-12-10, 11:53 PM)Tryst Wrote: It is crazy all these bullish charts, yet on LSE the mining sector, esp. those on AIM are making new 52 week lows.
I you look at the weekly sector relative performance charts that I post for the UK sectors, you'll notice that currently only three UK sectors out of 38 are above their relative performance zero lines, and this has been mostly the case for the whole year with the UK under performing the US by a large degree. So it's very hard to find decent UK long picks currently.
(2013-12-10, 11:53 PM)Tryst Wrote: a type of pattern that Weinstein has mentioned in his book, and touched on in a few interviews...stocks with saucer bottoms. Two from LSE are below, both mentioned here, but i have zoomed out a bit. Notice the slight pick up of volume on the right-hand side of the saucer as the prices start to rise slightly.
You need to change you scale type in the price settings to "Logarithm scale" as it's hard to see the price action in the bases after long declines using standard scaling, as you'll see on the attached same charts, they both had fairly sharp bases on the standard weekly charts, although you are correct that over the very long term they show more curved bases.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.