EWZuber
1,373 posts
msg #29730
- Ignore EWZuber |
11/7/2003 2:06:16 PM
Sold ANCC @ $1.09 as it broke short term TL support. Re-entered when new TL formed but it only lasted 10 minutes then broke trendline support right away. Bailed.
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TheRumpledOne
6,407 posts
msg #29739
- Ignore TheRumpledOne |
11/7/2003 10:07:35 PM
"JoeGrossinger 11/6/2003 3:04:17 PM
Good luck, my chart says ANCC is headed lower."
ANCC up 8% today...LMAO!!!
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EWZuber
1,373 posts
msg #29747
- Ignore EWZuber |
11/8/2003 5:13:37 PM
therumpledone
ANCC was my favorite of the lot. With stochastics and trendlines in synergistic agreement followed by excellent volume, I was certain as I could be that it was going much higher. Stochastics & volume favor a much higher move from here too.
I'm teaching a 2 month class at our community schools on TA and showed them this one on Thursday.
What was really impressive was, with the chart projected on a big screen, I drew a 1+ month resistance trendline on the daily chart ( bigcharts ) and then brought up the 5 minute chart ( this was unplanned ) and exactly where the resistance trendline was broken on the 5 minute there was a large clear candlestick accompanied by heavy volume.
This drove home the level of precision that many traders put into their entries and some of the advantages it affords. I could see the amazement in their eyes.
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TheRumpledOne
6,407 posts
msg #29762
- Ignore TheRumpledOne |
11/9/2003 3:07:57 PM
EWZuber... would you mind emailing those class notes?
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EWZuber
1,373 posts
msg #29767
- Ignore EWZuber |
11/10/2003 2:22:39 AM
TheRumpledOne
Not much of the class is documented yet except for information websites, but I will try and make an effort to copy some charts and send them.
I need them for this class and other projects anyhow.
I would be interested in seeing some charts and indicators that you use also.
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EWZuber
1,373 posts
msg #29768
- Ignore EWZuber |
11/10/2003 3:44:14 AM
Stocks to watch
CHTR...Double bottom while oversold on Weekly and daily charts. This could break very quickly.
Watching for a substantial move one way or the other within the next 2 sessions.
Fundamentals improving but very slowly.
HMSL...This could be explosive. The stock is sitting just below the supporting trendline at the end of a 10 month consolidating wedge.
Weekly chart stochastics show a converged fast and slow line.
Daily chart is oversold with a +xover and volume.
I have been seeing this over and over where these wedges break momentarily through the bottom and it acts like a handle pattern on a cup w/handle. It takes out stops and allows big money to pick up a few more shares cheaper before running it up.
Needs to break resistance and test it as new support support at $0.58.
MCEL...Watching for a break of $3.02.
ANCC...still looks good.
JMHO
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TheRumpledOne
6,407 posts
msg #29771
- Ignore TheRumpledOne |
11/10/2003 10:23:14 AM
EWZuber... you hotmail account rejected my email...
Email me, so I can reply
therumpledone@yahoo.com
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EWZuber
1,373 posts
msg #29772
- Ignore EWZuber |
11/10/2003 11:33:23 AM
Sorry about that I need to clear it out. It gets jammed up with spam.
I'll do that right now.
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EWZuber
1,373 posts
msg #29779
- Ignore EWZuber |
11/10/2003 2:14:01 PM
SPIL breaking out again! Very cool.
ANCC doing very well also.
HMSL doing well as expected also but havn't picked that one up yet.
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TheRumpledOne
6,407 posts
msg #29787
- Ignore TheRumpledOne |
11/10/2003 10:29:11 PM
EWZuber...
A few of us were in the paltalk chat room watching your HMSL go up up up...
Figured you made a quick 10% today?!?!?!? What happened?
Come join us... www.paltalk.com Just PM me, THERUMPLEDONE, and I will invite you in. Voice/text chat.
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