StockFetcher Forums · General Discussion · NAVI - Thoughts On This Stock - Looking for a 2% Gain Tomorrow<< 1 2 3 >>Post Follow-up
EWZuber
1,373 posts
msg #58039
Ignore EWZuber
12/12/2007 8:53:52 PM

TRO, well, maybe from your perspective it is guessing, but when I see a trade forming I am not guessing. I have a pile of information that is telling me what is very likely to happen.
Take for instance this trade,
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12/11/2007 11:51:20 AM
Short PSEM $18.02

12/11/2007 12:06:21 PM
Should hacve waited a bit. as the 30 min. chart is in an accumulation phase and PSEM could go as high as $18.20 before dropping to test the 50 HR.MA at $17.50.

12/11/2007 2:56:28 PM
And there it is PSEM to $18.20 then a drop to $17.50.
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I initially missed the 30 Min chart accumulation phase that held up the drop for a while, but i was so confident about what was going to happen that I went back to bed when the stock was still at ~$18.03 knowing the position would be underwater for a short time. When I got up the stock was testing $17.55 as support. That was not a guess. That was a trade based in very disciplined technical system.







EWZuber
1,373 posts
msg #58040
Ignore EWZuber
12/12/2007 9:20:05 PM

davesaint86, NAVI has just barely touched on the 25 MO.MA at ~$5.45 (& rising).
Previously I stated it was the 50 MO.MA, that was a typo.
There are several time frames to approach this with depending on your level of technical expertise.
Someone that is an accomplished day-trader could look for a buy signal on the intraday charts. A break above the ST 10 or 15 HR.MAs with a stochastic +Xover would give an initial ST entry. A position that is based in this short term (ST) time frame will most likely require maintanance trades.
I would suggest that you watch the EoD charts for a consolidation pattern to play out. Out of this consolidation pattern a trendline will form. When this trendline is violated and stochastics +Xover, that is what I would use as a buy signal in that time frame.
It is not possible to be certain yet that this will not fall to the next LT support at the 50 MO.MA at ~$4.28 (& rising).
This will take time and require patience and discipline to prevent buying at the wrong time. But using this system it has a very high success rate and will most likely keep you out of trouble.

EWZuber
1,373 posts
msg #58041
Ignore EWZuber
modified
12/12/2007 9:36:05 PM

Here's a chart of a cycle bottom that NAVI put in earlier this year as an example.

EWZuber
1,373 posts
msg #58042
Ignore EWZuber
12/12/2007 9:36:52 PM

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TheRumpledOne
6,358 posts
msg #58046
Ignore TheRumpledOne
12/12/2007 11:28:50 PM

"TRO, well, maybe from your perspective it is guessing, but when I see a trade forming I am not guessing. I have a pile of information that is telling me what is very likely to happen.
Take for instance this trade, "

==================================

EWZuber:

I noticed you said "... what is very likely to happen".

"Very likely" implies there is a chance that it might NOT happen. That's my point!

If you KNEW it was going to happen, then you would have entered the trade with your entire portfolio at risk.

By the way, NICE TRADE!



EWZuber
1,373 posts
msg #58284
Ignore EWZuber
12/19/2007 1:22:46 AM

NAVI hit a low of $4.81 then bounced, only 10 cents off my projection.

There was a buy signal on the Hourly Chart on Monday. Again these ST signals often require maintanance trades.
25 HR.MA is support and 50 HR.MA is immediate resistance.

Daily Chart also offered a buy signal today.
There has been no consolidation pattern on the Daily Chart so the move will most likely be tradable but may not be a buy and hold entry point.
IMO

EWZuber
1,373 posts
msg #58290
Ignore EWZuber
12/19/2007 10:56:12 AM

NAVI now forming a Daily Chart consolidation pattern.

StockFetcher Forums · General Discussion · NAVI - Thoughts On This Stock - Looking for a 2% Gain Tomorrow<< 1 2 3 >>Post Follow-up

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