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The Hartford Financial Services Group, Inc. Message Board

  • carolyn_novice carolyn_novice May 13, 2013 8:43 AM Flag

    Bullish Looking Chart Patterns HIG @ 29.66 BUY

    THE GRAND STRATEGY OF STOCK TRADING
    THE STOCK TELL YOU THAT IT HAS MADE A BOTTOM OR A TOP BY SACRIFICING A POINT OR SO FOR INSURANCE.
    The Most Bullish Looking Chart Patterns
    All your buying for maximum profits should be concentrated on stocks having the following types of chart patterns:
    1. Long-term decline followed by a breakout ……………………HIG is making this chart 3 year Chart
    2. Flat base breakout…………………………………………….HIG is making this char 5 year Chart
    3. Coming off a double bottom
    4. W Pattern…………………………………………………..HIG is making thus chart 2 year Chart
    5. Growth……………………………………………………HIG is now Growth
    6. Cyclical at historic lows
    Let us examine each of these separately:
    1. Long-term decline followed by a breakout
    This pattern is mentioned first because it is capable of producing the greatest capital gains. The pattern is exactly as described, a long-term decline (the longer the better) followed by an eventual bullish reversal above a previous declining peak. The stock gains an upside impetus commensurate with the duration and extent o f the previous decline. The theory here is that the stock has been so utterly oversold that upon the first evidence of a turn for the better the stock will advance at a greater rate than it previously declined. Let me add-MORE GAINS OF 10070 AND BETTER OVER A SHORT PERIOD OF TIME HAVE SPRUNG FROM THIS TYPE OF CHART FORMATION THAN FROM ANY OTHER. (A successful parlay of ten such gains can turn $1,000 into $250,000.)
    2. Flat Base Breakout
    The longer the price of a stock remains in a very restricted range of fluctuation the greater is the potential rise upon a breakout above that price range. If the line of accumulation is at the bottom of a previous long-term decline so much the better. A stock coming off a 10-year base is potentially ten times more bullish than a stock coming off a 1-year base. The base or plateau may be at a more advanced level but the same principle holds, a move above that restricted price line is quite bullish. The mo

    Sentiment: Strong Buy

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    • 5. Growth
      The growth pattern is characterized by a long continuing advance in the price of the stock with a tendency toward acceleration on the upside in the latter stages of its growth pattern. The astute trader who is only aiming at maximum profits is only going to pay attention to this type of pattern during the later stages of upside acceleration.

      6. Cyclical at Historic Lows
      This pattern is listed last because it contains the greatest degree of risk, a risk that can only be minimized by an expert judgment of timing factors. If the timing is right, the gains can be very great.

      For best results the six key patterns must be geared to the market
      Newton would have been fascinated with the stock market as it exists today because he undoubtedly would have enjoyed watching his famous Law of Gravity at work on security prices.

      (Source: A Strategy of Daily Stock Market Timing for Maximum profit, by Joseph E. Granville)

      Sincerely,

      Carolyn Novice

      I am long on this stock and will add after if make new high. Please keep an eye on the volume and price, (Volume X price =Momentum).

      If HIG trades above $30 in the morning, it will come back to refill, and allow shorts to cover and go short.

      Sentiment: Strong Buy

 
HIG
37.05+0.19(+0.52%)Aug 29 4:00 PMEDT

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