EWZuber
1,373 posts
msg #31598
- Ignore EWZuber |
4/2/2004 4:27:00 PM
FMDAY gave a buy signal @ $1.91, bought @ $1.92. FMDAY broke TL Support at $1.95 closed at $1.95 at break even. Should have sold into resistance at $2. Looks like it is headed lower. The volume wasn't there today. But I suspect it will base and move higher to form a cup pattern on the Hourly chart over the next several days and I suspect I'll get a better entry. Looking at past performance for FMDAY, todays action was typical.
ANCC gave a buy signal @ $1.04 just before the close yesterday. Bought at $1.05. Just 5 seconds before the close today ANCC violated the Supporting TL on the Hourly chart with a large sell order. Will have to wait until Monday to see if this was significant enough to trigger more selling.
MSFT made a long term buy signal this morning as it dropped to close the gap formed at the open. Looks like MSFT has bottomed on the Monthly chart.
JMHO
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EWZuber
1,373 posts
msg #31606
- Ignore EWZuber |
4/3/2004 11:27:05 PM
Looks like the big move in BVEW was for the most part a flash in the pan and not the big move I was looking for. It was a sucker play to lure in retail traders, get the price back up again to where big money could sell into what ever strength they could incite. With selling volume accelerating up into the final hour of the session Friday it will likely go lower. Possibly test the 200 DMA at about $3.05, which is what I expected when support at the 100 DMA was violated a couple days ago.
FLDR has completely surprised me with its extended run.
EAR may be forming a double bottom pattern on the hourly chart as it tests the 200 DMA as support @ $1.79. 8 DAY TL Res. @ $1.95.
JMHO
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EWZuber
1,373 posts
msg #31607
- Ignore EWZuber |
4/3/2004 11:56:50 PM
CNLG looks very interesting. An excellent trading chart, IMO.
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EWZuber
1,373 posts
msg #31634
- Ignore EWZuber |
4/5/2004 10:57:31 PM
Saw a lot of stocks break TL Resistance just before the close today. This looks bullish for the market tomorrow. NASDAQ closed above channel Resistance. Some resistance may be at 2094 in NASDAQ.
TXCC looked good at the close today, also GIGM showed some interest. Both broke short term TL Resistance.
Picked both up. Will see if they continue tomorrow.
I've found that this seems to be an alternative method to enter a stock if one has less than $25K in their account. If the position goes south it won't count against you as a daytrade when it is exited the next morning. There is added risk though as one does not know for certain what kind of event could impact the markets after the close and cause a gap down.
Wanted to get back into FMDAY as it broke short term TL Res. but couldn't risk another day trade and get forced out of the market.
It dropped as expected below my entry point but it did not stay down. Conservation of capitol is primary from my perspective.
JMHO
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EWZuber
1,373 posts
msg #31644
- Ignore EWZuber |
4/6/2004 10:34:29 PM
There's that gap down. lol. Thanks NOK.
Did some DD on ANCC. Its been basing for several days getting nowhere. Found that there is massive insider selling going on this month.
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EWZuber
1,373 posts
msg #31652
- Ignore EWZuber |
4/7/2004 2:36:23 PM
Finding that many stocks are testing their 10 and 15 Month MA now. Just watched POSO gathering huge Bids at about $0.47 which is the 15 Month MA. and then proceed to jump +46% in the following two days.
XYBR gathered bids at the 15 Month MA. at $1.12. Weekly stochastic F & S lines have converged. Daily chart lines are beginning to converge above a deep cycle low ( at a stochastic value of 38 which is not very oversold). This is usually a bullish indication that distribution will not be significant this cycle due to convergence of stochastic cycles all beginning accumulation in different time frames. So far a break of TL Res. has not been possible for several days.
BVEW testing the 200 DMA and the 10Month MA @ $3.12. Has bounced up a tad. I suspect this is the bottom for a while.
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EWZuber
1,373 posts
msg #31654
- Ignore EWZuber |
4/8/2004 12:11:53 PM
ANCC finally getting off the ground. Started to have some doubts but held in there due to the low entry point. With Weekly stochastics lines completely converged now it looks like there should be considerable upside left over the next several weeks.
JMHO
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TheRumpledOne
6,529 posts
msg #31657
- Ignore TheRumpledOne |
4/8/2004 4:29:27 PM
Hey EWZuber:
This thread is getting LONG, IMHO.
Any chance you can start a new one each month?
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buzzcraft
11 posts
msg #31661
- Ignore buzzcraft |
4/8/2004 8:48:43 PM
Okay, I just have to whine a little - I finally got out of ANCC (I'm black and blue from it too). I've been in and out 3 or 4 times over the last two months and it's demonstrated what a timing idiot I am. It should be a great stock/company, all the right ideas and plans. But, have you seen all the insider selling? I know you have and that it doesn't matter. I hope you do great with this one, I'll celebrate with you! Keep us posted, a vicarious success is better than none!
--buzz
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txtrapper
548 posts
msg #31666
- Ignore txtrapper |
4/9/2004 3:45:29 PM
Members;
ANCC.... Two year/weekly chart...Full Stochastics (5,3,3) does not look
promising IMO, it's a "sell".
TxTrapper
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