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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EWZuber
1,373 posts
msg #31527
- Ignore EWZuber |
3/27/2004 4:27:55 PM
txtrapper
Thanks for the suggestion but that indicator is not available on any charts that I use or have access to as far as i know.
It was a calculated risk. The only things i found interesting about the timing was that the stock had just bounced up off of the 25 WK.MA @ $5.05 and because I didn't want to miss getting in if this was near the bottom I decided to try it even though the technical picture was not compelling. The stock was rising during the distribution phase on Daily chart which is bullish but by itself does not present a compelling buying situation. Weekly stochastics were in distribution which adds to the risk but the big bearish indicator was the fact that ASX had gapped below long term trendline resistance making this a high risk entry particularly since the stock is traded in Taiwan after the close here. This makes gaps up and down common, adding even more to the risk.
Friday it tested the Supporting Trendline at $5.25 as Resistance and when i could see that the big Ask at resistance was not going away and was going to force a close below the Supporting Trendline it was time to bail.
Basically, I was hoping that the Taiwan market would drive it past TL Resistance but instead they sold into the strength generated in the US market.
Not surprising just disappointing.
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EWZuber
1,373 posts
msg #31528
- Ignore EWZuber |
3/27/2004 4:36:39 PM
BVEW never broke TL Resistance but tested it several times, so no buy signal yet.
ECGI traded above TL Resistance @ $0.80 and tested the 25 DMA as resistance at $0.85 but needed to close above $0.80 at the end of the session. In the last hour sellers sold heavily into strength at resistance and drove it down to close at $0.79 so no entry here either.
JMHO
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EWZuber
1,373 posts
msg #31536
- Ignore EWZuber |
3/29/2004 5:54:57 AM
GIGM bounced up off the 25 Month MA. @ $1.32 Wednesday while stochastic lines on the Monthly and Weekly charts are converging and are very oversold.
BVEW looks about ready.
JMHO
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tomsemail
4 posts
msg #31541
- Ignore tomsemail |
3/29/2004 1:23:15 PM
Did STEM meet the basic criteria Friday for a match and then get the green signal today? Just want to make sure I'm not out in left field! Or if I am, that I am!!! So I can get out my compass :)
tickerpicker2
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tomsemail
4 posts
msg #31542
- Ignore tomsemail |
3/29/2004 1:24:01 PM
Sorry... for the muddy method!
tp
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wallman
299 posts
msg #31544
- Ignore wallman |
3/29/2004 1:57:10 PM
TP,yes STEM was a match and held green this a.m
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tomsemail
4 posts
msg #31545
- Ignore tomsemail |
3/29/2004 3:01:51 PM
Cool! Thank you... I've been consuming as much as possible from your posts both here and at the other group's board, although I must confess I had a tuff time finding it even AFTER I joined! How sad on my part! Thankful for favorites:)
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siliconhippy
37 posts
msg #31549
- Ignore siliconhippy |
3/29/2004 9:09:59 PM
EWZuber and txtrapper:
I looged on to prophet.net to find out that your wish has been granted by their Genie (my observation could be delayed.) See below, re: new chart features, including Heiken-Ashi and latest others.
--------------------------------------
Another build, more great new features:
* Attention Penny-Stock-Traders: Four-decimal price charting is here - now you can view stock prices down to the hundredth of a cent!
* Five new studies for Premium Members (Not a member? Take a 7-Day Free Trial!)
* Displaced EMA (Exponential Moving Average) - Similar to the Displaced Moving Average (DMA), this new study plots an exponential moving average and shifts it left (negative displacement) or right (positive displacement). Please don't confuse this new study with DEMA, which stands for Double-Exponential Moving Average.
* MADC Hist+2 lines - This new MACD variation combines the Histogram and 2-Line formats into a single window
* Heiken-Ashi Diff - A trend indicator described by Dan Valcu in the February 2004 edition of "Technical Analysis of Stocks and Commodities Magazine"
* Trend Quality and Trend Noise Balance Indicators - Described by David Sepiashvili in the April 2004 edition of "Technical Analysis of Stocks and Commodities Magazine"
* Inverse Fisher Transform and Cyber Cycles - Described by John Ehlers in the May 2004 edition of "Technical Analysis of Stocks and Commodities Magazine"
Send comments to feedback@prophet.net.
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Happy Filtering...even though Stockcharts.com has the best chart quality, prophet.net has way more integration and features.
siliconhippy
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