EWZuber
1,373 posts
msg #31509
- Ignore EWZuber |
3/25/2004 4:13:26 AM
wallman
as it turned out I didn't fare very well on MFCO. I watch the market every morning, usually all morning, but my youngest son caused some trouble at school that I had to deal with today. I stopped in at my wife's business and loaded up the RT charts while I was waiting and saw MFCO had broken out. Since they didn't have the correct Java plug in I had to run into town and load my trading platform into a computer at a cyber cafe. Hated to do it but glad I did ( so far ). I watched it tank from $3.35 as the software loaded up and by the time it was ready there was only an 11% gain left for me out of a possible 26%. Its always something.
MDDM closed todays session just below TL resistance at $2.77 & stochastics are rising. Looks interesting.
ITRA has a very interesting chart. It looks like it can be traded on every cycle bottom on the 30 Min. chart as long as daily chart stochastics are in accumulation. Its approaching resistance right now but put it on a watch list.
DJT came up on several different screens today and i think bears watching.
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wallman
299 posts
msg #31510
- Ignore wallman |
3/25/2004 9:30:59 AM
Zub, one i know you have watched in the past ,FMDAY looks good to watch today plus i think FXEN,Q,SGI,DGIT,OMM,MXO
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EWZuber
1,373 posts
msg #31511
- Ignore EWZuber |
3/25/2004 12:48:33 PM
Looks like BVEW is about to move higher. It's oversold on daily and Hourly while testing TL resistance. Looks good. JMHO
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EWZuber
1,373 posts
msg #31512
- Ignore EWZuber |
3/25/2004 1:14:29 PM
walman
TNX for the heads up on DGIT. I have traded this one before. Picked up a bit just as it broke TL. Res. @ $1.09. Looks like first short term resistance is at the 50 HR.MA @ about $1.25.
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EWZuber
1,373 posts
msg #31514
- Ignore EWZuber |
3/25/2004 4:06:19 PM
Also bought ASX again @ $5.17. I suspect Asian markets will trade higher and cause ASX to gap up tomorrow.
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EWZuber
1,373 posts
msg #31515
- Ignore EWZuber |
3/25/2004 8:37:22 PM
Looks like NASDAQ 200 DMA was support @ 1900.
Next resistance looks like the 25DMA @ 1990 and the 50 DMA @ 2037. They are both in too steep of a downtrend to serve as support. So even with a good oversold bounce it would seem to me that considerable basing will be required for the market to actually go anywhere and hold the gains.
It will likely take at least from 3 or 4 weeks to a couple months to flatten out the 25 & 50 day moving averages so they can serve as support.
JMHO
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EWZuber
1,373 posts
msg #31518
- Ignore EWZuber |
3/26/2004 2:07:33 PM
BVEW looks like its about to move considerably higher. IMO.
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EWZuber
1,373 posts
msg #31519
- Ignore EWZuber |
3/26/2004 2:36:31 PM
ECGI looks like it may break out soon also. A close above $0.80 today would be a break of TL Resistance. 12 Month TL Support is at $0.76.
JMHO
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EWZuber
1,373 posts
msg #31521
- Ignore EWZuber |
3/26/2004 4:13:06 PM
ASX was a big disappointment. It closed yesterday on a long term Resistance TL and this morning gapped down confirming it as resistance. Closed ASX at break even @ $5.19. Looks like it wants to retest support at about $5.05.
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txtrapper
548 posts
msg #31524
- Ignore txtrapper |
3/27/2004 11:45:12 AM
EWZuber
If you add the *Heikin-Ashi Indicator to your current TL analysis technique, disappointments such as "ASX" could be avoided altogether.
*A trend indicator described by Dan Valcu in the February 2004 edition of "Technical Analysis of Stocks and Commodities Magazine"
TxTrapper
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