3SOF

GTE

another GTE

to make sense out of the pattern I see:

1st stage: up impulse
some people find out news ahead of public and cannot keep price down to get the amount of shares needed(1st high volume move up)  These people are not interested in long-term gains.

2nd stage: down/flat/drift
If stock continues up immediately I have noticed more failures because those who just bought have an instant gigantic profit.

A few down days afterwards solidifies the original purchasers(1st high volume move up) into getting a big gain from this stock and they support it.

Meanwhile those who noticed the volume burst are researching into the company.  Trying to dig up news and check on fundamentals.

3rd stage:  up and away
Those who were digging find something, momentum traders join in, news release or release pending.  The height of this stage may be based on visibility in the trading world.

Obviously, you see, I believe that the penny world is just hot air.  You may find an exception, I hope BRVO turns into this, but I believe that chance is lower that .16%.

Goodluck to everybody, hope these charts help spark some ideas...

Great work elite. Applaud.

This topic is already a «case study»

applaud again

So, as you nail down the theory, see that it consistently applies, we then await the picks you find that meet the criteria ?

I'm traking down some «G-Patterns»
(I guess we could name it like that hum ?  )...

What do you think about this example: SWKJ.OB
it's only one day example, but I guess it fits the G-Pattern ?
what do you think Mr. G ?   

lol  g-patterns..   

about SWKJ...It might do well but I dont believe it fits.  First it doesn't have at least 2 down days.  and 2nd it needs...well its hard for me to explain but it has to be higher in the pattern...more standing out.  You can see it in the example studies.

but of course now we have it for testing  and we can modify the theory accordingly

your pick, ADDI, which I bought on Friday too, looks very close Ramsburg.  Its why I got excited.  What do you think?  notice how the price bar looks all alone?

...we will find out I guess 

Yes... you may be right about SWKJ, because it's only 1 down day... let's keep it on track, and try to learn something out of the move...

About ADDI, yes, it's a classic G-Pattern
LOL... I have to call Mr. Bulkowski, he must update his «Enclyclopedia of Chart Patterns»  

I'm looking forward to see how does ADDI goes this Monday... It would be a good test to this theory.

best regards !

QuoteAbout ADDI, yes, it's a classic G-Pattern 
LOL... I have to call Mr. Bulkowski, he must update his «Enclyclopedia of Chart Patterns» Wink   

i have to applaud that...LOL

EPYH: case study

EPYH is interesting. Its getting approx. one PR per day.

Applauded both elite and rams for their fine analysis.

what do you guys think of this added rule for g-patterns :

The fall-back cannot penetrate the low of the initial volume push(stage1).

HISC thoughts

BLYC - hmm