Catch Me, I’m Falling
When momentum gets built up in a stock, it sometimes takes a little while to
slow it down.
10:09:04
Plunge Alert
Genesis Microchip (GNSS)
has dropped more than 4 points in the last half hour. GNSS is currently down
4.39 to 61.79.
I still get email from time to time asking me why we post alerts like the one
above. “What good does it do me, to know this after it has moved? I need
to know before it happens!”
Let me assure you, if I knew how to look into the future, you would not be
reading a column in this space written by yours truly. I would be out on my
island somewhere and you would not see hide nor hair of me.
What this alert does do, however, is alert you to a stock to take note of,
because there is action here.
10:17:43
Intraday Setup Alert
Genesis Microchip (GNSS)
is now pulling back from its intraday low. GNSS is now down 3.63 to 62.55.
After triggering out of the pullback from low in the 10:17 post,
the stock goes on to form and fall out of a Slim Jim as well.
Our goal is to point you to where the action is. Get in the
habit of following a stock for patterns and setups and develop the patience to
do so. Trading is not always an instant gratification endeavor.
Until tomorrow,