| StockFetcher Forums · General Discussion · Just a Heads Up | << 1 ... 44 45 46 47 48 ... 50 >>Post Follow-up |
| EWZuber 1,373 posts msg #31805 - Ignore EWZuber |
4/20/2004 1:13:49 AM That makes all the difference. |
| EWZuber 1,373 posts msg #31809 - Ignore EWZuber |
4/20/2004 12:48:44 PM That would only be a mere 2000% then, much more reasonable. ( TIC ) ANCC is up around 70 ~ 75% today. This would seem to indicate that the Convergent Stochastic Theory in this case was a more accurate tool that Stan Weinsteins 30 Week MA. I had suspected this would be the case but figured I would let the market decide. |
| EWZuber 1,373 posts msg #31813 - Ignore EWZuber |
4/21/2004 2:51:30 AM Yesterday saw a huge jump in the balance of a screen that looks for stocks either crossing into accumulation or distribution on Weekly Charts. The balance tipped heavily towards stocks where the stochastic fast line crossed below the slow line indicating the start of a longer term distribution phase. With the Daily Chart just starting an accumulation phase it looked like there would be small gains before both Daily and Weekly chart were in phase in distribution when we would likely see a huge drop in the NASDAQ. With the Monthly chart also in distribution this would fuel the drop in the market even more. Now with Greenbomb announcing a coming increase in the prime rate we may see this Daily Chart accumulation phase severely muted. The 10 Month MA was tested last month as support at 1896, and it seems likely it will occur again within the next few weeks. 10 MO. MA now @ 1932. JMHO |
| txtrapper 548 posts msg #31816 - Ignore txtrapper |
4/21/2004 8:41:19 AM EWZuber and Members; EWZuber 4/20/2004 12:48:44 PM ANCC is up around 70 ~ 75% today. This would seem to indicate that the Convergent Stochastic Theory in this case was a more accurate tool that Stan Weinsteins 30 Week MA. I had suspected this would be the case but figured I would let the market decide. ----------------------------------------------------- Stan Weinstein's Advancing Stage There are 2 good times to buy: (1) at the point of breakout above resistance and 30-week MA, and (2) when the stock pulls back to MA after the initial rally. Look for rising volume on breakouts. Reward-risk ratio is very favourable at these points. As long as the wild swings and shakeouts on the way up take place above the stock's rising 30-week MA, don't worry - everything is proceeding according to plan and is on schedule for a big profit! If you miss buying a stock at these 2 favourable points, don't get panicky and chase it at late Stage 2. Either buy it right or don't buy it at all. If you have missed a good stock, don't fret about it. Wait for the next great opportunity to come by. ANCC moved above the WMA(30)with rising volume at $1.17 yesterday on a 3m/d chart and would have become a "buy candidate" using the Weinstein Theory, catching the big move. Perhaps a safer entry than the Convergent Stochastic Theory, don't you think? TxTrapper |
| txtrapper 548 posts msg #31817 - Ignore txtrapper |
4/21/2004 8:45:52 AM EWZuber and Members; A more accurate summary of Greenspan's remarks' Stocks tumble on Greenspan remarks By Mark Cotton, CBS.MarketWatch.com Last Update: 4:37 PM ET April 20, 2004 NEW YORK (CBS.MW) -- U.S. stocks ended sharply lower Tuesday, tumbling in the last half-hour of trading after Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee that deflation was no longer a threat. Investors interpreted his comments as a sign that inflationary pressures were picking up in the U.S. economy, which could lead to a rise in U.S. interest rates sooner rather than later. Tx |
| travlr 80 posts msg #31819 - Ignore travlr |
4/21/2004 9:09:34 AM Sometimes, some of you guys remind me of children playing in a sand box fighting over the red plasitic shovel! Different strategies work well for different traders. There's no useful purpose of crying that your shovel digs any faster. Instead, I personally suppport and respect, intelegent opinion and supposition. IMO travlr |
| EWZuber 1,373 posts msg #31822 - Ignore EWZuber |
4/21/2004 3:41:38 PM Txtrapper There were two buy points with my method. One at support at $1.02 where several stochastic timings were oversold and one at the break of TL. Res. at $1.06. Since it gapped up then the second entry would have to be made at the open. So you be the judge for yourself. travir, I am completely content posting and responding to unhostile responses. It seems though that there are those that feel the need to respond in a hostile manner. Txtrapper responded to my post about ANCC saying that the Weekly chart full stochastics indicated that ANCC was a sell. When I challenged that assertion and asked for an explanation he changed the support for his assertion to the status of the 30 WK. WMA. Having detected hostilities from him before this inconsistency made it appear that he was searching for a way to discredit my statement. These hostilities seem to have begun when I pointed out to him that one of his trades was overbought and testing a resistance trendline which is usually where a top is put in. Thats all I can come up with, because I don't think I initiated any hostilities. Maybe this can be aired and resolved because this sort of exchange can be done in a respectful and constructive manner and everyone is better off. |
| TheRumpledOne 6,529 posts msg #31851 - Ignore TheRumpledOne |
4/23/2004 4:31:58 PM "Different strategies work well for different traders. There's no useful purpose of crying that your shovel digs any faster. Instead, I personally suppport and respect, intelegent opinion and supposition." I support spell check! |
| EWZuber 1,373 posts msg #31870 - Ignore EWZuber |
4/26/2004 3:39:07 AM GIGM looks about ready to move higher. Closed the gap near the end of Fridays session. Stochastics look good. ONT might be ready also. Supporting TL @ $1 needs to hold to keep the short term uptrend intact. JMHO |
| EWZuber 1,373 posts msg #31879 - Ignore EWZuber |
4/26/2004 12:56:54 PM NASDAQ bounced down from a 3 Month Resistance TL this morning signaling the possible start of a rather significant drop over the next few weeks as mentioned earlier. With the index being oversold on the Hourly chart we may see another attempt at breaking this resistance during this accumulation cycle on the daily chart. With the daily chart overbought in the 90s it seems unlikely that this resistance, if broken, would hold if tested as support. SOX bounced down hard from the 25 DMA as resistance. This Daily chart accumulation phase is being muted by the Weekly Chart which has just begun a Distribution phase. Looks very weak right now. JMHO |
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