Michelle B submits:
On Tuesday, April 24, approaching 2 PM, the time of the day that I regard as the Period Of Treachery—fondly referred to as POT—I noted MNST screaming red on the low ticker. I checked to see if there was news to explain the decline, and there was none. I quickly [...]
Browsing down-legs™
A ‘Monster’ Capitulation Daytrade
Posted by Michelle B in April 25th, 2007
4 Comments
Posted in: Michelle B's Posts, Stock Market Tags in: Bear-Flag, Bullish_Candlesticks, Capitulation, down-legs, Measured-Moves, MNST, POT, Reversal, Risk-to-Reward_Ratio, Stop_Losses and Technical Analysis
Understanding and Using Capitulation for Reversal Daytrades
Posted by Michelle B in April 2nd, 2007
Posted in: Michelle B's Posts, Stock Market Tags in: Bear-Flag, Bull-flags, Capitulation, Chart-Patterns, down-legs, Price, QQQQ, Reversal, Technical Analysis, up-legs and Volume
Michelle B submits:
LP, in a recent comment to this blog entry, expressed interest in understanding trades based on capitulation. Capitulation means that there are no more sellers for the moment, and the stock price will rebound sharply. The most important aspect is not to confuse capitulation with the low-grade drip, drip of continuing [...]
