This site is based on group participation in spotting interesting and potentially profitable stock chart formations. If you see a chart pattern that looks interesting, please post an alert on this site. You can also get opinions from others and even some fundamental analysis to validate the pattern.
After studying the basic principals of reading bar charts, we wanted a simple site to find all these cool patterns. Incredibly, no website could be found containing decent chart formations. Even when websites listed specific chart patterns, picked by their proprietary software programs, the stocks posted under these listings never matched the patterns. It really relies on human interpretation for identification. Hence, this site was created.
We purposely kept this site as simple. However, this site definitely assumes that you are familiar with stock chart patterns. You can post stock alerts and stocks to watch based on your observations. I've included forums and blogs to offer traders an ability to further interact and discuss topics of interest. Please don't hype a stock. This is pure trading and has absolutely nothing to do your intelligence.
What you do with the information on this site is up to you. However, we believe the most benefit can be gained from short term trades or swing trading. Short term typically refers to a time period of no more than several months. Swing trading typically refers to a time period of one day to several weeks.
The best way to use this site is look at postings that are the most recent. We believe they would make good short term trades, but you could definitely use the information for longer term trading strategies as well.
The use of a good chart pattern site is essential. A couple of good websites are www.barchart.com and www.stockcharts.com. There are many others as well.