StockFetcher Forums · General Discussion · Just a Heads Up lV<< 1 ... 4 5 6 7 8 ... 41 >>Post Follow-up
EWZuber
1,373 posts
msg #58049
Ignore EWZuber
12/13/2007 12:18:51 AM

The gap up in the COMP this morning was intended, IMO, to make it possible for the 15 DMA to hold as support. An open where the market left off Tuesday would have certainly violated the 15 DMA as support which would have led to a closing of the gap at 2580. This would have created so much technical damage it would have been near impossible to recover from, with LT bearish implications.
We got the confirmation of the 15 DMA as support with a bounce up off of 2640.

Odds now look like a retest of 2800 ~ 2850 is back in the works. A recovery of this magnetude indicates conviction by Big Money to maintain the bullish trend.
A close above the Weekly Chart 25 WK.MA is not absolutely imparitive to maintain the WC (Weekly Chart) accumulation phase but it is significant.
IMO

EWZuber
1,373 posts
msg #58053
Ignore EWZuber
12/13/2007 3:55:35 AM

Seeing what appears to be some nice set-ups for tomorrow. Focusing on alternative energy stocks & semi's.
--MSCC bouncing off its 15 DMA looks very nice. 5 MIn chart even shows high volume buying just in the last few minutes.

--SPIR also bouncing up off it's 15 DMA. HC pattern support must hold at $21 to prevent a distribution phase

--PLUG also looks good with an HC buy signal right at the close Wed.

--PSEM worth watching. Looking for a test of the 15 dma at ~ $17.11. Will buy at support.


EWZuber
1,373 posts
msg #58089
Ignore EWZuber
12/13/2007 4:58:23 PM

MSCC broke support at the 15 DMA and I actually ended up shorting it because I knew at that point that it would drop to TLS (Trend LIne Support) at $22.34 which it did and a tad more.

QQQQ broke pattern TLR but that may not be the end of it. I suspect we will see a bit more of a consolidation pattern develop here tomorrow. Expecting Q's to rise to ~$52 and bounce down for a while.

ASX appears to have hit bottom I suspect. Touching on its 25 MO.MA today and bounced a tad. Bought a small position near the close.

SPIR did very well today.

PLUG did very well also.

PSEM waited until the last hour to move and I was already busy elsewhere so I missed that one .





EWZuber
1,373 posts
msg #58093
Ignore EWZuber
12/13/2007 5:40:38 PM

I suspect PLXS rises to test the 50 DMA which has converged with the 50 HR.MA tomorrow at ~$28.50.



EWZuber
1,373 posts
msg #58109
Ignore EWZuber
12/14/2007 12:18:03 AM

Alternative energy stocks and semi's are showing lots of buy signals on the Hourly Chart just before the close.
We'll see if they are still valid come morning.

EWZuber
1,373 posts
msg #58119
Ignore EWZuber
12/14/2007 10:11:35 AM

COMP/QQQQ keeps hitting up against the 15 DMA as resistance (Q's 51.30) this morning. If it can't get through soon then things will start to get bearish, IMO..

EWZuber
1,373 posts
msg #58129
Ignore EWZuber
12/14/2007 1:13:05 PM

COMP & QQQQ found ST support at an intraday trendline. Today looks like a day traders market.

EWZuber
1,373 posts
msg #58130
Ignore EWZuber
12/14/2007 1:26:25 PM

nikoschopen, This is what I have so far for today, a day traders market for sure.
Image and video hosting by TinyPic

EWZuber
1,373 posts
msg #58132
Ignore EWZuber
12/14/2007 1:44:57 PM

TEST

[url=http://img40141.pictiger.com/images/13419828/][img]_th.[/img][/url]

EWZuber
1,373 posts
msg #58133
Ignore EWZuber
12/14/2007 1:45:36 PM

TEST


StockFetcher Forums · General Discussion · Just a Heads Up lV<< 1 ... 4 5 6 7 8 ... 41 >>Post Follow-up

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