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Williams Companies, Inc. Message Board

  • carolyn_novice carolyn_novice Apr 1, 2013 7:16 PM Flag

    Bullish Looking Chart Patterns WMB @ 37.94

    For long-term investors, up turn has just begun and will go on for a few years.
    Date………..Short interest….Daily Volume……Ratio
    3/15/2013……. 11,762,350….. 8,407,901…….. 1.39
    2/28/2013……. 10,155,854….. 11,853,229…….. 1.00
    Date………Volume………………New Life Time High
    4/1/2013…..5,161,541…….$38.24
    THE GRAND STRATEGY OF STOCK TRADING
    THE STOCK TELLS 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 …………………………………WMB is making this chart
    2. Flat base breakout
    3. Coming off a double bottom
    4. W Pattern
    5. 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 platea

    Sentiment: Strong Buy

 
WMB
48.92+1.24(+2.60%)Aug 28 4:01 PMEDT