I couldn't help it...a Charlie Sheen reference is just to good to pass up. But seriously, $WINN is exhibiting some interesting trading and it looks like it's ready to explode to the upside. Check out the daily chart:
WINN is setting the stage for an accumulation break out. After long sideways consolidations, these types of moves can be rather large. Personally, I've taken out options positions for this trade as the options on WINN seem a little cheap...probably because of the lack of volatility lately. The confirm dots in the chart are just a trend following indicator that I've been playing with that seems to have some promise. It's basically just an updated version of the turtle trading break out method with a couple of small twists. I'm finding that combining different trend following models that base their signals on different variables offers good trades.
I'm pretty sure Charlie S. would give WINN the Warlock seal of approval (okay, no more Charlie Sheen references).
Have a good weekend.
TLT
WINN is setting the stage for an accumulation break out. After long sideways consolidations, these types of moves can be rather large. Personally, I've taken out options positions for this trade as the options on WINN seem a little cheap...probably because of the lack of volatility lately. The confirm dots in the chart are just a trend following indicator that I've been playing with that seems to have some promise. It's basically just an updated version of the turtle trading break out method with a couple of small twists. I'm finding that combining different trend following models that base their signals on different variables offers good trades.
I'm pretty sure Charlie S. would give WINN the Warlock seal of approval (okay, no more Charlie Sheen references).
Have a good weekend.
TLT
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