Saturday, August 22, 2015
appy
APPY is in a great, great position. It's all set to rally big, maybe even huge. There are signs, even that the end of the bottom is at hand, but maybe not just quite yet. Well, there's also still uncertainty and sort of anything could happen. It's either keep adding money and if it goes down, do it some more, or wait for The Pattern. Examples of The Pattern are already in the chart, in April and in June, and now the price is down, but, again, not catastrophically, but rather working into an even better pattern.
8/22 sunday Canyon Bottoms are the real deal. The only thing is, they can plunge before they break out. If we wait for The Pattern, we have a better chance of buying after the plunge - although, APPY flashed the pattern twice this year, and after it did, plunged. Nothing serious, it's holding up fine, just at lower prices. Nothing for it but to buy The Pattern. The key thing is I might be in a position, now, to check it often.
Hmm. An actual good stock with this kind of pattern could be a really good thing. It actually is a very flat bottom.
Ohhh, wow. The next target is something like 20.
OhhhKayyy. It is not, Venaxis, an exciting company. It does sound like it might be a serious company ... in its one extremely specific market.
vxx
No, really interesting. It kind of just has to go up tomorrow even though it would normally surprise me. True, it's been making The Pattern pretty much once a week for a couple of months without going anywhere, and, too, the upside seems limited, and the bottom pattern is amazing but feels unfinished, so that's both a minus and a plus.
Whoa. And this is something weird, iPath S&P 500 VIX ST Futures ETN. Yup, OK, should be good to reach nearly $35 Monday. Sure looks dodgy but if it survives it goes to elevated levels. Meanwhile, it is producing short term moves. In a couple of days we'll know what it all means.
spil
I don't trust it. It's not an ideal The Pattern. It's fishy. It says something long term according to the theory. Looked at the fundamentals. I wouldn't call them completely uninteresting but, oh, what shall I say, not for the inexperienced.
Looked at the fundamentals again. Wrong company. This one is a little bit sweet. Siliconware Precision Industries Co. Ltd. Tomorrow's move is only to 8, though.
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