Bo Yoder recently posted an interesting free video analysis of the kind of play that you won’t find in any book but can be very profitable nonetheless.

Here is the Link to the Video

The strategy here is simple & powerful, look for instances where an issue fails to followthrough based on a widely accepted technical pattern and reverse. This is an example of one of the kinds of plays that I look for often in my daily picks. The benefit is that you enter only after a breakout when the whole technical analysis crowd is anticipating a breakdown. As people rush to cover shorts & change their opinion, there will be relatively little risk in getting stopped out since you have A.) The first group of buyers that originally prevented the stock from falling when it “should” and B.) The T.A. people out there covering their shorts and jumping on the bandwagon.

While he doesn’t post often, Bo does have some good bits of information on his blog that may be worth your time.