Sunday, September 21, 2014

akam

i do think this is a great bet to go up, not a ton, but nicely, in the next few days. the first chart is a fixed chart, what the chart looks like as i make this prediction. the vivid triangle forming in 2014, the fact that it has broken out above the 2007 high, the rather triangular (and angular) look of the action since the 2009 low, i don't know what more you can look for in a chart. it's probably the beginning of a long term thing, but to really assess that, you would have to look at the fundamentals, and actually understand them, and i don't, so i'll be really happy with, say, a ten dollar gain, in a day, if i get that ... a very modest gain, but a quick one. maybe it'll be a 20% gain, and maybe i can put $1000 into it and make $200. it's kind of stupid. i'll just have to go back to work looking for patterns, all for $200. arrrrrrrrggggghhhhhhh.

on the daily chart, there's definitely the possibility of placing a stop. it's like thought bubbles appear in my mind, in black outer space, of to my right and up. results, now. it's fantastic the way on the daily chart it's breaking out, and then it's returned, so, if i look at a ten day chart, a price of $62 looks available, tomorrow, and the stop is at $60.80, so, about a 2% loss, which looks pretty good compared to a hoped for rapid 20% gain. the odds are right in two different ways.

see how it broke out two days ago? that's like a dream come true, to spot that. i looked at almost 200 charts - using my own home made charting software (that gets charts from finviz) (in about an hour) to find it - but i feel pretty lucky to have recognized it when i saw it. it's scary to think i might have to repeat the feat. and it is, i'm pretty sure, a long term kind of pattern, it will, i'm pretty sure, continue to go up for a while. it'll probably continue well past the +20% mark, and pretty fast, and then it'll probably make sell signals, but continue higher, for who knows how long, before it makes an really big sell signal and becomes an actual sell. that's my guess. maybe treating it as a long term play is the way to go.

these are the updating charts: