Why Patience Pays
Once in a while I get an email from a member asking me why our team of
analysts will post the same setup in the Insights
From the War Room two or three days in a row. Something Jeff
Cooper said while filming his new
video course is the best way I can describe the reason why:
“Speculation is about observation pure and simple. You have to have the
patience to stalk a stock.”
Today we have a prime example of how persistence pays. Arch Coal
(
ACI |
Quote |
Chart |
News |
PowerRating)
was a stock we had been profiling throughout the week.
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Monday, April 2
12:55:25
 Arch Coal (ACI)
is forming a flag pattern following a five-bar move higher. ACI is currently
down 0.42 to 29.56 and is carrying a 3-month
relative strength rating of 99 with an uptrending ADX of 45 from
TradingMarkets.com.
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We have been continuing to profile ACI throughout the week, and observant
traders were rewarded this morning:
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13:22:34
Arch Coal (ACI)
is breaking out of the flag pattern we have been stalking over the past couple
of days. The stock is now trading up 1.65 at 31.50 and holds a 3-month
relative strength rating of 99 with an uptrending ADX of 45 from
TradingMarkets.com.
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Yes, Virginia, patience and persistence do pay off. As Jim
Morrison sang, “keep your eyes on the road and your hands up on the
wheel.” Use the Insights From the War Room and
put the stocks on your watchlist, then follow them for pattern breakouts and
possible inflection points.
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Deep Thoughts ….
Tiger, if you manage to win the Masters this week, it will be a
fantastic feat, winning four majors in a row, but alas, it will not be the Grand
Slam. Despite some of your supporters contentions, you have to win them all in
the same calendar year.
Dave, why didn’t you tell me Hot Topic had Johnny Knoxville
t-shirts? I’ve been looking all over for them. Oh, and by the way, can I have my
Korn CD back?
Until tomorrow,
Duke