EWZuber
1,373 posts
msg #30079
- Ignore EWZuber |
11/29/2003 5:30:19 PM
txtrapper
The Weekly chart stochastics wrere taken fully into account before taking the position.
The Daily chart cycle is leading the Weekly chart cycle by about 10 sessions. Weekly chart cycle is oversold and showing a large divergence, which almost always precedes a convergence of the fast and slow lines and finally a +xover.
I suspect that on Monday when the Weekly chart indicators are updated, the chart will show a considerable convergence of the fast and slow line. No need to wait for this confirmation though.
It is the phase relationship between the different stochastic periodicities that must be analyzed.
The easiest to see and understand is the Weekly and Daily aligned perfectly in phase with eachother.
More complex relationships exist between the cycle periodicities as the cycles are out of phase to varying degrees, but are never the less equally as important and useful in finding an entry.
This could actually be the big move for the stock, testing the 52 week high.
I won't be able to tell until this Weekly cycle is further advanced and see how it affects the longer term Monthly chart cycle.
If WSTL breaks about $9 this should bring about a Fast line Slow line convergence on Monthly charts.
If the Monthly chart cycle crosses into accumulation then I suspect that WSTL will break out to new highs. JMHO
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EWZuber
1,373 posts
msg #30100
- Ignore EWZuber |
12/2/2003 11:41:52 AM
Looks like MEM may be about to make a move.
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EWZuber
1,373 posts
msg #30105
- Ignore EWZuber |
12/3/2003 10:02:14 AM
Looks like TRAC may be ready to make a move. JMHO
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EWZuber
1,373 posts
msg #30124
- Ignore EWZuber |
12/4/2003 4:24:45 AM
Bought some TRAC at the Ask @ $1.50 trying to push it through resistance. It's down just a tad and the chart pattern is getting down to the wire.
It appears that money is flowing out of the laggards now and many of these low priced stocks are not getting the attention they were.
MEM hit up against resistance and having trouble here.
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EWZuber
1,373 posts
msg #30184
- Ignore EWZuber |
12/7/2003 4:16:33 PM
Looks like WSTL could hold support at the 50 Week MA at $6.30.
Weekly chart stochastics are finally converging.
If support here holds then it would also form an almost 5 month double bottom pattern and the increased volume of late would indicate capitulation. JMHO
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EWZuber
1,373 posts
msg #30230
- Ignore EWZuber |
12/8/2003 2:54:07 PM
Picked up just a little MXR @ $0.66. Looks like it wants to head higher.
So far TRAC hasn't done much. Looks like it is being lowballed before a run. Very few Asks on it but the bid has been staying, what seems to be, artificially low. jmho
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TheRumpledOne
6,411 posts
msg #30235
- Ignore TheRumpledOne |
12/8/2003 7:59:58 PM
Nice positive divergence on TRAC.
Hope you cash in on MXR.
MAY ALL YOUR FILLS BE COMPLETE.
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EWZuber
1,373 posts
msg #30243
- Ignore EWZuber |
12/9/2003 9:23:07 AM
Pulled this up on mika's Dragonfly Doji screen, CHRZ. Looks good as a long term play. May try to get into this today for a move to test Trendline Resistance at about $4.15. Not a great percentage but technically looks like a good trade. JMHO
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EWZuber
1,373 posts
msg #30251
- Ignore EWZuber |
12/11/2003 4:39:25 AM
I suspect we are on the verge of a substantial move higher for many stocks. On a screen looking for oversold Weekly and Daily chart, I got 93 hits today. Here's the screen.
Show stocks where Weekly Slow Stochastics(5,3) Fast %K is touching Weekly Stochastics(5,3) Slow %D and Weekly Slow stochastics(5,3) Fast %K is below Weekly Slow Stochastics(5,3) Fast %K 2 Weeks ago and chart is Weekly and Slow Stochastics(5,3) Fast %K is below 25 and Williams %R (14) crossed below -90.00 within the last 1 day and Average Daily Volume(30) is above 100,000 and Volume has been below Average Daily Volume(30) before 1 day ago and Volume is above 100,000 and the close is between .25 and 150
Today the NASDAQ formed a Hanging Man Doji, often indicative of a cycle bottom. JMHO
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EWZuber
1,373 posts
msg #30254
- Ignore EWZuber |
12/11/2003 12:46:43 PM
CHRZ up substantially today.
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