Many times traders fall in love with stocks. They feel as if they actually are a part of a club or organization. This is very far from the truth. The traders motto is "stocks are for trading not loving." Do any of the CEO's know the small share holder? The answer is simply no. Instead traders want to take advantage of the price action of a stock by using the chart.

For example, look how INTC traded higher on earnings and faded right from the gap higher. This is telling you that traders do not believe INTC should be at that price are are taking profits or selling short. This is a way the market talks to us. Then on 10.22.09 INTC hits the 60 minute 200 moving average and gets a sharp 1 point bounce. Then on 10.30.09 INTC makes a double bottom pattern and has a nice quick bounce. There are endless opportunities when you understand how to read the charts like the Pros. Remember stocks are not for loving, just trading. It is critical to always use stops and to move your stop in the money to secure profits. By learning the key tools that the InTheMoneyStocks traders use everyday (Price, Pattern, and Time) you will place yourself on the road to prosperity and begin to see the markets in an entirely new light!

See the chart here: http://inthemoneystocks.com/n_article_archive...