EWZuber
1,373 posts
msg #30105
- Ignore EWZuber |
12/3/2003 10:02:14 AM
Looks like TRAC may be ready to make a move. JMHO
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EWZuber
1,373 posts
msg #30124
- Ignore EWZuber |
12/4/2003 4:24:45 AM
Bought some TRAC at the Ask @ $1.50 trying to push it through resistance. It's down just a tad and the chart pattern is getting down to the wire.
It appears that money is flowing out of the laggards now and many of these low priced stocks are not getting the attention they were.
MEM hit up against resistance and having trouble here.
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EWZuber
1,373 posts
msg #30184
- Ignore EWZuber |
12/7/2003 4:16:33 PM
Looks like WSTL could hold support at the 50 Week MA at $6.30.
Weekly chart stochastics are finally converging.
If support here holds then it would also form an almost 5 month double bottom pattern and the increased volume of late would indicate capitulation. JMHO
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EWZuber
1,373 posts
msg #30230
- Ignore EWZuber |
12/8/2003 2:54:07 PM
Picked up just a little MXR @ $0.66. Looks like it wants to head higher.
So far TRAC hasn't done much. Looks like it is being lowballed before a run. Very few Asks on it but the bid has been staying, what seems to be, artificially low. jmho
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TheRumpledOne
6,529 posts
msg #30235
- Ignore TheRumpledOne |
12/8/2003 7:59:58 PM
Nice positive divergence on TRAC.
Hope you cash in on MXR.
MAY ALL YOUR FILLS BE COMPLETE.
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EWZuber
1,373 posts
msg #30243
- Ignore EWZuber |
12/9/2003 9:23:07 AM
Pulled this up on mika's Dragonfly Doji screen, CHRZ. Looks good as a long term play. May try to get into this today for a move to test Trendline Resistance at about $4.15. Not a great percentage but technically looks like a good trade. JMHO
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EWZuber
1,373 posts
msg #30251
- Ignore EWZuber |
12/11/2003 4:39:25 AM
I suspect we are on the verge of a substantial move higher for many stocks. On a screen looking for oversold Weekly and Daily chart, I got 93 hits today. Here's the screen.
Show stocks where Weekly Slow Stochastics(5,3) Fast %K is touching Weekly Stochastics(5,3) Slow %D and Weekly Slow stochastics(5,3) Fast %K is below Weekly Slow Stochastics(5,3) Fast %K 2 Weeks ago and chart is Weekly and Slow Stochastics(5,3) Fast %K is below 25 and Williams %R (14) crossed below -90.00 within the last 1 day and Average Daily Volume(30) is above 100,000 and Volume has been below Average Daily Volume(30) before 1 day ago and Volume is above 100,000 and the close is between .25 and 150
Today the NASDAQ formed a Hanging Man Doji, often indicative of a cycle bottom. JMHO
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EWZuber
1,373 posts
msg #30254
- Ignore EWZuber |
12/11/2003 12:46:43 PM
CHRZ up substantially today.
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risjr
230 posts
msg #30255
- Ignore risjr |
12/11/2003 3:03:07 PM
Hey EW
With 93 Hits, how do you screen/separate the strong prospects from the weak ones?
Thanks is advance
RON
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EWZuber
1,373 posts
msg #30256
- Ignore EWZuber |
12/11/2003 4:34:01 PM
risjr
When it comes down to just a couple choices I look for a stock that closed dead on trendline or moving average support with a Doji Star or Hanging Man type candlestick pattern.
Also look for either declining volume as the stock approached support or a volume spike indicating capitulation.
Also the stock should have good volitility and average daily volume. Good fundamentals too.
Hourly chart needs to be oversold and preferably the 5 minute chart also.
Or a very small move above short term trendline resistance on the 5 minute chart is also good, indicating that this one has a very high probability of continuing the move next session ( while oversold on the hourly chart ).
What was interesting about the number of returns from the filter is that it was telling me that the market was ripe for a bounce, which it turns out it was.
Also running a basic 52 Week high and a 52 Week low filter just to keep track of the balance. It's very interesting.
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