Shares of NEXM we alerted to twitter/tkathlinastocks followers this morning as to the potential level 2 breakout above the zero number resistance. We first took down shares above the level 1 neckline of the inverted head-n-shoulders pattern. Our second purchase was at the level 2 break out; resulting in over 100% returns. To view video example of this trade go to:Video Example
S&P Chart 2006-2007 Showing same 5-wave struggle, then drop after option expire 15th:
Chart of 1982 5-wave, resolved higher then went into trade channel:
2003 Chart, 5-wave struggle, exhaust into high, choppy downward pattern:
When trading, it is best to have an expectation of a trend; then when the trend materlizes, we are able to capture maxium profits because we are confident in our purchase. The most important trend to anticipate first, is the broad S&P trend.
The charts above show possible outcomes for the current S*P 5-wave struggle higher.
