Excelling at Reversing

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I believe stocks have personalities, just like people do. I am drawn to stocks that have exhibited a clear tendency to fall hard when they form a clean top. A favorite of mine these days is Advanced Micro Devices (AMD). The pas instances of tops followed by big drops is a marvel to behold.

slopechart_AMD

Here’s a bonus chart, along the same line of thinking.

slopechart_KRO

A few hours have passed since my last post. Since that time, the NQ and ES rocketed higher, erasing much of their losses. That’s exactly why I said I wasn’t “dancing on the desk” (or whatever it is I said………), since we must break those 2/9 lows to be in the clear.