Why Didn’t I See It?
Once again, I couldn’t have
looked stupider–or could I???
You tell me (that’s rhetorical of course). When
looking for ‘edge’, my goal is to look for stocks that develop into
high-probability intraday plays, and then alert our members to something that
seems to make some ‘cents’—at least in my humble opinion.
09:42:36
Reversal Setup
Hot Topic (HOTT)
has formed an
Opening Reversal with long triggers above 28.35. The issue is a member of
TMs
Intermediate-Term Report under potential swing candidates. Today’s trade has
the issue off .41 at 28.20 after yesterday’s strong, high volume up-thrust
bar–within the stocks 4-week high level base.
As Dave Landry likes to say, ‘No tickee, no
tradee.’ With the humility and honesty to accept the fact that I will never be
able to see, or catch every high and low that develops in the market, all I can
say is thank you– ’cause in my book, ‘no harm means no foul’, and moving on to
the next high-probability trade that just might do something for the long-term
edge.
Chris Tyler