Buying on pullbacks

Quotes

This point is key: I like to see these stocks pullback to support levels on LOWER VOLUME. Sometimes the pullback is pretty intense, especially in higher priced stocks. But, as long as the volume is average or, better yet, below average, I stay the course. If this occurs I am pretty confident that this is …

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Bottom

Quotes

It’s almost impossible to hit a bottom without a massive price/volume spike down on a 5-min chart. Some call this a “flush” but I like to call it a “puke” because people are literally “puking” out their positions, causing this market action. Watch for it. But the real nail in coffin for me is price …

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Time and price

Quotes

Confirmation of a powerful impulse move comes when the new price level is sustained for a period of time. Once I see the sustaining of the new price levels I will begin to commit a more significant amount of risk for a possible new trend. for 20+ minutes I would be willing to commit more …

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