Actually, those who know me well understand that I also scoff at technical analysis—it's just celestial signs, fortune-telling.

But the thing is,
1) Right now I'm in the hospital, and there's not much else I can do.
2) After Friday's crash, SNDK's trend has become very textbook-like in its technical forms.

For example, we mentioned Tuesday's deep V during the day—1500 indeed became the bottom for this week.
Wednesday's bullish candle that filled the gap was practically a textbook for the bulls.
As for why Thursday's surge stopped right below the 20MA instead of breaking straight to 2000? After you all read my afternoon post, you should have a clear idea.

Following this logic, I managed to do two things:
1) I did buy the dip at 1500 on Tuesday, picking up SNXX.
2) I did clear my position during Thursday's rally, exiting with 25% profit. And today, I didn't chase the high.

For me, being able to do technical analysis to this level is already enough.
Of course, it cannot predict the future—everything is probability. I don't know whether Friday will see a big breakout above 2000 or drop back to 1730 to fill the gap.

But isn't understanding the market through such obvious technical signals and finding a high-probability strategy that works for you exactly the homework and effort we all—including myself—should be doing?

Does it have to be spoon-fed to you? Even if you paid me $599 a month, I couldn't do that.

What do you think?