EWZuber
1,373 posts
msg #33169
- Ignore EWZuber |
9/7/2004 8:56:18 PM
BPUR Broke TL Resistance this morning at $0.48 and moved up fairly well. Is currently consolidating on hourly chart. Not much resistance till the 15 DMA at about $0.59 ( & falling ).
Watching TFSM closely. Stuck in a trading range today. Looking to buy at support or on a break of res.
May be a daytrade with CNLG. Watching for a clear buy signal.
JMHO
|
EWZuber
1,373 posts
msg #33180
- Ignore EWZuber |
9/8/2004 1:52:27 PM
MSPD...looks like his one may be getting ready to move higher.
|
EWZuber
1,373 posts
msg #33183
- Ignore EWZuber |
9/8/2004 5:01:32 PM
TFSM did well today breaking out of it's trading range.
CNLG provided some good daytrading material. Missed the entry at 10:50 this morning so stayed out.
CMRC is in Distribution on Daily Chart so only watching.
Bought some MSPD today at $2.93. Will see if it goes anywhere. Hourly Chart is in accumulation just a tad above the 25 DMA ( at about $2.88 & flat ).
TL Res. @ $3.12 & 50 DMA is major res. at ~ $3.18.
It will be tough for MSPD to break this MA with it in a downtrend.
JMHO
|
EWZuber
1,373 posts
msg #33201
- Ignore EWZuber |
9/9/2004 5:45:09 PM
MSPD did well today closing just a tad above the 50 DMA on 1.4X ADV and brought about a stochastic +Xover on the Daily Chart. Up about 8%. Looks good.
ARDI is up 15%
CMRC still basing around $0.60 trying to eliminate the seemingly endless supply of sellers, still watching.
JMHO
|
EWZuber
1,373 posts
msg #33212
- Ignore EWZuber |
9/10/2004 5:06:51 PM
MSPD still doing ok. Up about 12.5%.
ARDI doing well also up 21%.
CMRC has technically broken TL Resistance but this has not been confirmed by a stochastic +Xover on the Hourly or Daily Chart. Hourly is still in distribution and Daily Chart fast & slow lines are converging. Looks like this could move very soon and this time the 25 DMA is just about flat so it can serve as support.
Another one that looks like it has very good potential is ASTSF. A Tiawanese semiconductor test mfg. part of ASX, a semi manufacturer. The business has seen a turn around lately and the stock just broke 5 Month TL Resistance. Stochastics are lined up very nicely on M/W/D charts.
One observation I have made this year as the Convergent Stochastic Theory evolves, when the Monthly Chart stochastic cycle moves into distribution and this is confirmed by a break of TL Support it is time to either take a break until this distribution phase is over or take on only short positions because the trend is down. The Weekly and daily Chart accumulation phases are severely muted when Monthly Chart is in distribution.
The gains that came out of these trades to the long side were typically not worth the risk. Short positions on the other hand would have yielded huge gains.
I suspect that this Monthly Chart cycle could very well be just a test of resistance on the major indexes since the Quarterly Chart has -Xover. If The NASDAQ Sept. quarter closes below 1850 this will confirm a distribution phase on this chart. This would send the Monthly Chart back into solid distribution and likely force a completion of this phase until completely oversold. Right now it stands at 29.
When Quarterly Charts are in distribution it is common to see the Monthly Chart stochastics drop into the low teens before beginning accumulation again. So it appears that it all hinges on how the Quarterly Chart pans out.
JMHO
|
EWZuber
1,373 posts
msg #33235
- Ignore EWZuber |
9/13/2004 5:07:11 PM
MSPD still doing well. Up 18.5%.
ARDI also doing well. Up 24.4%.
CMRC appears to be at a possible buy point at $0.62 or on a break of $0.63 with a close stop. Hourly Chart is oversold and testing a short term 2 day Supporting Trendline.
|
EWZuber
1,373 posts
msg #33245
- Ignore EWZuber |
9/15/2004 3:28:29 AM
MSPD generated a sell signal today at $3.60 and again at $3.48. Watching for a new entry.
ARDI still OK but momentum is slowing.
|
EWZuber
1,373 posts
msg #33252
- Ignore EWZuber |
9/15/2004 5:24:02 PM
ARDI generated a sell signal today at $4.89 and again at $4.81 for a 24% trade.
MSPD ended at an 18% trade.
NASDAQ bounced down off of the 100 DMA and broke ST ( Short Term ) TL Support. Weekly Chart is threatening to go into a distribution phase. If this happens we could see a precipitous drop and a continuation of the Distribution phase on Monthly Charts. A close at the end of the week below the Weekly Chart Supporting TL at 1870 ( & rising ) would confirm a distribution phase has begun in that time frame.
JMHO
|
EWZuber
1,373 posts
msg #33254
- Ignore EWZuber |
9/15/2004 5:57:17 PM
Two days ago a market watch filter I use indicated that a huge number of stocks had crossed into distribution on Weekly Charts.
Today the ratio stands at 1,122 -Xover to 344 +Xover. A very dramatic shift.
|
EWZuber
1,373 posts
msg #33321
- Ignore EWZuber |
9/20/2004 3:51:39 AM
Picked up MSPD again Friday at $3.15. Very happy with that entry. Not planning on holding it long, just a quick few percent but will see.
EGHT has been on a roll but is overbought on Weekly Chart and has a double top going on on the Hourly Chart @ $3.08 and this needs to be resolved so entry is more difficult right now.
EMRG looks about prime for a move very soon.
IVAN, ALAN, OPLK, ASTSF, TERN, WSTL, SQNM starting to look interesting also.
REV also looks interesting as a long term technical play.
Several stocks have broken Long term Trendline resistance and have begun an accumulation phase on Monthly Charts.
NASDAQ however is threatening to go back into long term distribution again.
So far the 100 DMA is immediate resistance and holding after being tested several times.
Short Term TL Support at 1886 ( & rising ) is critical. If this TL holds then I believe the NASDAQ will begin a ( probably muted* ) Monthly Chart accumulation phase before very long as it recently tried but couldn't quite hold it.
* Quarterly Chart is in distribution.
SPX and DJIA both look like they are ready to move into long term accumulation.
JMHO
|