Amazing Power Patterns

Harlan Pyan Author is a PRO member Rank: 64 Followers: 6 Votes: 24 Years Member: 1 Last Update: 16 February 2018, 20:46 Categories: Chart Patterns
Momentum Stocks
Swing Trading

Welcome to Amazing Power Patterns where we keep it simple by trading what we see not think hear or fear. Its really as simple as that.

In the stock market, there are only 3 things you need to know:

1. Uptrends and how to trade them
2. Downtrends and how to trade them
3. Changes In Trends and how to identify them





DISCLAIMER:
This material is strictly for educational and informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any security or financial product that may be referenced herein. Further, the information contained herein does not constitute investment advice or investment advisory services. All securities trading, whether in stocks, options, or other securities is risky, people can and do lose money. Do your own homework. Trade at YOUR own risk.

Less

!

!

2-7 As you can see, when compared to the current state of the indexes its WAY TOO SOON
to even ask the question of whether or not its a correction or the start of something more because
as of this date we are still in tree shaking mode in the indexes.

!!

!!

!!

12-21 As mentioned in the mid day update - Welcome to day 4 of sit and spin into the holiday.

!!

!!

2-2 As you can see trend channel resistance told you all you needed to know in advance of today's move to stay away from new purchases. This is why we use this tool quite often. It keeps you out of trouble by keeping you from chasing a stock. Ever hear of buy support and sell resistance? That's what trend channel resistance does for you when you apply it to your charts. The chart notes of 1-20 told you all you needed to know.

1-3 Sure enough, The 12-18 'Late to the party' notes told you all you needed to know at that moment in time. As you can see since then its pulled back from 1080 to 1040 in the form of a pullback off highs pattern only to stage an upside crossover much like it did at the beginning of Dec.
12-18 Here we are with another good example of just how powerful the use of the 50 day ave. can be as well as side to side support at the $1000 level. Those two tools told you all you needed to know in advance of this current run. Now? Can you say late to the party? Buying here is buying AFTER its already ran 70+ points.

!!!

!2

!3

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.