February 20th 2008
Renova For Sale
Renova For Sale, Do you have a go-to setup. Something you know has a high probability of success, japan, craiglist, ebay, overseas, paypal. Renova blogs, Something you know that when you see it, you're going to make money, Renova from canada. Renova recreational, I have one setup that is my "money trade". It's hard not to get excited when I see it, online buy Renova without a prescription.
The setup is very simple, Renova For Sale. Cheap Renova, I want to see a stock in a confirmed up trend, the longer the better, where to buy Renova. Renova reviews, Next I want to see the stock get slammed downward, the steeper the drop the better, Renova price, coupon. Buy cheap Renova, Finally, I want to see the stock consolidate forming a base or flag, Renova overnight. Order Renova online c.o.d, Simple enough, so let's look a little deeper and talk about the emotion behind the trade, no prescription Renova online. Renova For Sale, Remember: emotion equals opportunity. Buy Renova no prescription, First the confirmed uptrend. The stock has been moving higher for some time, about Renova. Herbal Renova, The public is buying, jumping on the bandwagon, Renova canada, mexico, india, Get Renova, giving each other high-fives, then BAM, Renova cost. Renova pics, The stock sells off, in a big way, ordering Renova online. This decline can be over a few days, but it's sudden and dramatic, Renova For Sale. Renova dosage, An eyesore in what was a sickeningly positive uptrend.
Of course, Renova from canadian pharmacy, Renova treatment, this causes some nervousness in those with positions in the stock. A potential "chink" in the armor, Renova dangers. Real brand Renova online, Obvious to the smart money. Renova For Sale, However, the stock will continue to be touted by talking heads, mainstream media, and brokers. So what happens, discount Renova. Renova no prescription, People keep buying or holding at a minimum. But the smart money has left or is in distribution mode, Renova description. Comprar en línea Renova, comprar Renova baratos, So, the stock never recovers from it's decent, order Renova from United States pharmacy.
What you end up getting is consolidation after the drop in the form of a flag or a base, Renova For Sale. Purchase Renova online, Then the stock breaks through support and continues it's decent. Much to the disappointment of those who have been buying for their retirement accounts, taking Renova, Doses Renova work, kids college, whatever, Renova samples. The general public unloads, but the selling is gradual. So we get a nice downtrend after the break. Renova For Sale, KO is forming this type of pattern. Let's look at the weekly chart. You'll see what I mean.
KO has been trending up since October of 2006. KO is historically a slow mover, but over the past several months we've seen ATR increase 100% (from 1 to 2). Then during the second week of January 08 it all came to an abrupt, brutal halt, Renova For Sale. KO sold off and did so the following week.
Then comes the consolidation. KO has been forming a triangle on the weekly. So my play will be under the pivot low of the triangle. Renova For Sale, That would be 56.49 for those keeping score.
Let's take a look at the daily chart.
Now that I look at it more closely, the daily consolidation is more of a flag, but the concept is the same. There's also an entry under 57.31.
Want to really juice this setup. Find a stock that has gone parabolic. The more emotion in the chart (extreme buying) the better the setup.
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3 Comments »
thewild1 on 20 Feb 2008 at 3:37 pm #
haha… now I do
Options Strategery on 21 Feb 2008 at 3:03 pm #
How would you trade this setup? Short the underlying, buy puts, sell calls naked, sell spreads? What’s the exit strategy? How long would you hold it?
I am primarily swing trade and usually am long; trying to expand my strategies. Thanks!
Jonathan on 21 Feb 2008 at 5:45 pm #
Short the underlying.
Exit strategy is to take partials at 1R then ride it as long as possible. Could exit at whole number support at 50 or 200 SMA(weekly).
My exact exit points can be fluid. It depends on the stocks behavior.