
How do you define lateral resistance? The term to me sounds like a chart that is trending sideways without much up or down price action, but the way you use it sounds more like vertical price action between support and resistance.

Laterakl resistance is a line drawn horizontally across the chart at key resistance points; usually at high points in a chart (ie. like a double top). Also at low points (say where a stock gapped down).

why 12.50? KURA

consolidation level
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@Turbobob $CBI has been forming an interesting chart since its big move a few weeks ago - been consolidating between 17-18 and for the past 5 days it has been making higher lows. I believe its a good swing candidate once it can stay above 18 - thought i would put it on your radar incase its not already

@RolandWolf Congrats pal! Huge milestone - out of curiosity I was wondering how much you started with? You've come a long way very quickly! Also great 10 tips on Tim's blog!

Thanks! Funded E-trade account w/ 1200. Then another couple of paychecks after a month or so... About 4k in total.

damn thats impressive lol - and inspirational
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Thanks Bob

No covred at $1.00. Looking to reshort on a move towards $3.00

Yes, it was incorrect. But, the trade is still the same as anything that happened in 2010 is unlikely to affect the stock today. Too much passage in time.
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@Turbobob AUPH burned me today too. Bought 2k shares on the pullback at 8.05 and it immediately dropped and i got out at 7.85. This stock always seems to burn me..

28.44 million divided by 808000 = 35 days to cover


Thank you sir

No, I will wait to go long over $2.83
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It probably starts running into resistance earlier at $9.25 but a move from $7.50 to $9.25 is still pretty good. Yo have let the market tell yo where to exit. And be aware of the various resitance areas. I think that stocks move to half and whole dollar markes.

Hey Turbobob, thoughts on AXGN? I love your watch list play on this one, it has trailed off a little after spiking above the 11.45. I got in at 11.65

Needs volume. Longer term trend remains strong.

awesome profit/wl thanks
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Where do you see that 50 is the top of the channel for MOMO?

Bob: on CRBP, what made you think it going to $6.25 rather than the $6.90's or $6.50's?

Sorry for the late reply. I am away this week.

Sorry for the laste reply. I am away this week.
Extraordinary presentation, thanks for posting this Roland!
Yea I liked this one too. Greg is an amazing speaker.
great lessons. Thanks Roland.
What a great lesson! I need to watch this 10 times!
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