Well the week has ended and I will go over what the current work on the theory has been. Here are some general rules.
Stick with a few stocks and study their patterns. Use the patterns to invest. Don't simply hold and pray. Holding is ok as long as you know one precise answer should you be long or short.
Use the different charts to make decisions on which position to be in either long or short. The 60 minute wave form is the best one to use.
With this in mind lets look at two stock this week. One is apple and the other is tie. Look at the 60 minute wave form and remember the principle:
short ema above long: be in a long position.
short ema(green) below long (red line) be in a short position. To get an even bigger picture look to the daily chart and see if it is rising to a peak or falling from a peak. Using this information in conjuction with the dow patterns which can amplify a pattern when in sync and help to confirm a pattern when the opposite pattern for a stock is continuing against the dow direction. With this information I was short for the week in tie and long in apple. Each stock made money in this fashion.
