wallman
299 posts
msg #31358
- Ignore wallman |
3/10/2004 7:46:47 PM
ZUB,any thoughts on DCTH, looks like a ubb runner,i caught it at 1.94 on a break from the bb squeeze on monster volume increase,just as i did on 1 - 7 under the exact same circumstances,in fact RSI 2 in both cases was the same at 67 before the break and now into the 90's which usually indicates a few days more run
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travlr
80 posts
msg #31379
- Ignore travlr |
3/11/2004 1:09:29 PM
WOW ... Wallman!!!
Talk About Monster Volume... your DCTH is 88 times avg Vol, and it's only 1 PM.
Looove them squeezes!!!
travlr
PS... Thanks again for the smallcapcenter info you gave me the other day.
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EWZuber
1,373 posts
msg #31381
- Ignore EWZuber |
3/11/2004 5:14:00 PM
wallman
Sorry missed your post till today. A monster run for sure. The set up was very nice from my perspective also. Closing the session yesterday slightly oversold on the hourly chart but breaking Trendline Resistance in the final two hours, extremely bullish and on a high volume day.
Longer term indicators, Monthly, Weekly chart stochastics are in accumulation. Daily chart was very bullish as it was oscillating in an overbought condition since 3/1. This reveals that the buying pressure has been so strong that as soon as one trader sells there are several waiting to buy his shares. Consequently the stock does not go into distribution.
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EWZuber
1,373 posts
msg #31382
- Ignore EWZuber |
3/11/2004 5:14:44 PM
NASDAQ 1,900 getting closer.
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EWZuber
1,373 posts
msg #31409
- Ignore EWZuber |
3/14/2004 11:21:50 PM
LUV just tested a 20 Month Supporting TL and bounced while volume asppears like capitulation the last few days. Monthly chart is extremely oversold and fast and slow stochastic lines are converging. This could be the convergence of events that is marking a long term bottom.
Considering recent market conditions it may be wise to wait for a break of TL. Resistance at about $14.30 ( & falling ) with stochastic +xover confirmation.
JMHO
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EWZuber
1,373 posts
msg #31410
- Ignore EWZuber |
3/14/2004 11:45:31 PM
EGHT is testing an 8 month supporting trendline right now along with the 10 Month MA. Looks very tempting. EGHT closed above the short term Resistance TL ( Trend line ) on Friday. Looks like this could be a buy signal for me.
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wallman
299 posts
msg #31411
- Ignore wallman |
3/15/2004 6:48:09 AM
imo these should start to run in a day or 2 : EMED, JGMHA, GIGM, IPVO along with pure momo plays from the squeeze : NSOL, ROCLF, ELTK, BVEW, PRXX, RECM, SWKE, TZIX, XTCI, NSCT .... if vol picks up quick early in the day for MOBL , CVGR they should bounce nice
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EWZuber
1,373 posts
msg #31418
- Ignore EWZuber |
3/15/2004 6:06:47 PM
wallman
Thanks for the heads up. I put a couple on a streamer.
Markets keep violating oversold indicators, indicating panic selling.
Market still edging towards 1,900.
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EWZuber
1,373 posts
msg #31423
- Ignore EWZuber |
3/16/2004 3:02:37 AM
wallman
GIGM has been on my Monthly chart oversold watchlist for a couple weeks now. It is testing the 15 Month MA as support. If the stock drops below this level and rises above it by the end of the month, this would be considered a successful test. Stochastic fast line is approaching the slow line in that time frame.
On the daily chart it looks like $1.42 formed as a low on 12/29/03 is the next support.
With the Weekly chart oversold @ 12 that would work out just about right.
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EWZuber
1,373 posts
msg #31424
- Ignore EWZuber |
3/16/2004 4:43:44 AM
LPTH has a very interesting candlestick pattern.
INNO on a break above TL Res. @ $2.82 ( & falling slightly ) w/ stochastic confirmation.
MARKET MONITOR...WKYL -XOVER WITHIN 4 PAST WEEKS & SLOW%D DECREASING =1605
MARKET MONITOR...WKYL +XOVER WITHIN 4 PAST WEEKS & SLOW%D INCREASING =1046
These are two screens that I use to keep an eye on the status of Weekly stochastic accumulation and distribution cycles of stocks throughout the markets.
The -xover ( fast line cross below the slow line ) or distribution phase has once again taken the lead over +xover or accumulation phase.
What is alarming is how brief the accumulation phase lasted. This is because,imo, the Monthly chart distribution cycle is muting the Weekly accumulation phase.
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