EWZuber
1,373 posts
msg #31996
- Ignore EWZuber |
5/7/2004 12:08:54 AM
This is the first day since I started using SF where the new 52 Week lows ( 37 ) has exceeded the new 52 Week highs ( 24 ).
For the most part Weekly chart -xover / +xover Market Monitor Screen has been weighted heavily towards -xover since about the beginning of April. This indicates that the majority of stocks have been in a longer term distribution phase since then ( except for a brief period ).
NASDAQ came up against minor resistance at a cycle low at 1973 a couple sessions ago and bounced down, indicating considerable weakness.
Looks like some kind of Bearish Wedge pattern is forming on the Daily .COMP chart.
I suspect this pattern will fail and the market will continue to drop because Weekly and Monthly chart stochastics are firmly in distribution. This daily chart accumulation phase will likely be severely muted.
.COMP will likely test the 50 Week MA at about 1890 bounce substantially then eventually drop at least to the 15 Month MA now at about 1800 ( & rising ).
But thats JMHO
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txtrapper
548 posts
msg #31999
- Ignore txtrapper |
5/7/2004 7:53:09 AM
Zuber;
Just send one or two charts at a time.
TxTrapper
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TheRumpledOne
6,529 posts
msg #32006
- Ignore TheRumpledOne |
5/7/2004 11:39:32 PM
Hey EWZuber:
I thought you were going to start a new thread this month?
49 pages is a little long.. don't you think?
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EWZuber
1,373 posts
msg #32023
- Ignore EWZuber |
5/11/2004 4:17:12 AM
Yea, I spose.
Watch for a bounce tomorrow in the NASDAQ. It has become extremely oversold very quickly with this gap down on Monday. It is testing 1900 as support and only has to close above that level by the end of the week to confirm it as support since this 1900 level is a weekly chart 50 WK. MA.
Also it looks like the volume was extremely light at only 1.3 Bill. shares.
This could produce a Morning Star type pattern if there is upside on Tues.
JMHO
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txtrapper
548 posts
msg #32024
- Ignore txtrapper |
5/11/2004 8:41:06 AM
Zuber;
Zuber;
Please try again to email the charts we spoke of on an earlier post, please try again. thanks
Can you send just one or two with that new computer?
txtrapper@sbcglobal.net
TxTrapper
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DasKapital
36 posts
msg #32028
- Ignore DasKapital |
5/11/2004 12:22:00 PM
Hi EWZuber,
In order to reduce the size of your charts, either for emailing or posting at ttrader.com, it sounds like you're gonna need a graphics compression program. There are many shareware versions available, and usually have enough functionality in the demo versions to do what you need, without having to purchase. I've had shareware version that still works fine after several years, although it's no longer available for free download.
This one might suit your needs, assuming you're using a Windows operating system. http://www.tucows.com/preview/194926.html I know some people are reluctant to download programs from the internet, so it's just a suggestion.
I just downloaded the executable file, scanned it (says it's clean!)but didn't run it....just tryin' to help!
Regards,
DK
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txtrapper
548 posts
msg #32029
- Ignore txtrapper |
5/11/2004 1:00:13 PM
Try this Zuber;
Best Free ZIP Wizard I've found;
http://www.coffeecup.com/zip-wizard/
TxTrapper
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EWZuber
1,373 posts
msg #32035
- Ignore EWZuber |
5/12/2004 3:03:11 AM
I reworked & updated the charts for DNYY and this time compressed each one before pasting it onto MSFT Word. It took a 54 Meg file and compressed it to 1.5Megs. Still too big for my hotmail account to send.
I'll have to break it into two emails.
Not sure when I'll have time to do that so the charts may be outdated again. I've put about 9 hours into this and have other things that need attention.
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EWZuber
1,373 posts
msg #32036
- Ignore EWZuber |
5/12/2004 4:26:48 AM
Test of Hourly Chart DMI(2) indicator. These stocks look like they will continue higher tomorrow morning;
SIRI, HOMS, EMRG, FNSR, VIGN, ASTT, possibly STEC.
Other indicators pointing to;
WLSF, looks almost ready to bounce up off of 25 WK.MA @ ~ $1. May need some time yet.
JMHO
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txtrapper
548 posts
msg #32037
- Ignore txtrapper |
5/12/2004 8:47:37 AM
Zuber;
Try running a web site!
Your charting task can be cut from hours to minutes by simplly using "my charts", you can upload and edit them right there.
(cut&paste) http://www.ttrader.com/mycharts/index.php
Behold the power of the triangle, for it leads to big profits!
TxTrapper
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