wallman
299 posts
msg #31411
- Ignore wallman |
3/15/2004 6:48:09 AM
imo these should start to run in a day or 2 : EMED, JGMHA, GIGM, IPVO along with pure momo plays from the squeeze : NSOL, ROCLF, ELTK, BVEW, PRXX, RECM, SWKE, TZIX, XTCI, NSCT .... if vol picks up quick early in the day for MOBL , CVGR they should bounce nice
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EWZuber
1,373 posts
msg #31418
- Ignore EWZuber |
3/15/2004 6:06:47 PM
wallman
Thanks for the heads up. I put a couple on a streamer.
Markets keep violating oversold indicators, indicating panic selling.
Market still edging towards 1,900.
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EWZuber
1,373 posts
msg #31423
- Ignore EWZuber |
3/16/2004 3:02:37 AM
wallman
GIGM has been on my Monthly chart oversold watchlist for a couple weeks now. It is testing the 15 Month MA as support. If the stock drops below this level and rises above it by the end of the month, this would be considered a successful test. Stochastic fast line is approaching the slow line in that time frame.
On the daily chart it looks like $1.42 formed as a low on 12/29/03 is the next support.
With the Weekly chart oversold @ 12 that would work out just about right.
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EWZuber
1,373 posts
msg #31424
- Ignore EWZuber |
3/16/2004 4:43:44 AM
LPTH has a very interesting candlestick pattern.
INNO on a break above TL Res. @ $2.82 ( & falling slightly ) w/ stochastic confirmation.
MARKET MONITOR...WKYL -XOVER WITHIN 4 PAST WEEKS & SLOW%D DECREASING =1605
MARKET MONITOR...WKYL +XOVER WITHIN 4 PAST WEEKS & SLOW%D INCREASING =1046
These are two screens that I use to keep an eye on the status of Weekly stochastic accumulation and distribution cycles of stocks throughout the markets.
The -xover ( fast line cross below the slow line ) or distribution phase has once again taken the lead over +xover or accumulation phase.
What is alarming is how brief the accumulation phase lasted. This is because,imo, the Monthly chart distribution cycle is muting the Weekly accumulation phase.
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EWZuber
1,373 posts
msg #31434
- Ignore EWZuber |
3/17/2004 2:21:54 PM
INNO has worked out very well and is currently going through a distribution phase on Hourly charts after a nice run up today.
Looks like something may be happening on CCUR. There was a huge volume spike at $3.29 ~ $3.30. The selling was intense but buyers kept a big bid time after time, holding the price steady. CCUR is also in distribution on the hourly chart. Waiting for a decent buy signal. A break above TL Resistance at about $3.35 ( & falling ) while oversold on the hourly chart would be ideal, IMO.
EMRG also getting set up for another move. It is testing the 15 HR.MA @ $2.02 as support and is mildly oversold on the Hourly chart and oversold on the 30 min. chart which seems to be serving as an important time frame with this one. Selling volume has dropped dramatically. This has been an excellent trading stock lately.
All JMHO
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EWZuber
1,373 posts
msg #31435
- Ignore EWZuber |
3/17/2004 2:53:56 PM
EAG Just broke TL Resistance on the hourly chart and Bid size is increasing. Looks like it may be ready to move. Need to see it break above $1.33 or more conservatively $1.34 while oversold on Hourly chart. JMHO
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wallman
299 posts
msg #31440
- Ignore wallman |
3/18/2004 12:37:21 AM
ZUB, any thoughts on MRKL,i'm in at 1.28 at the close Wed,and MDDM which i will be in if it holds green,both seem ready to bounce very soon
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EWZuber
1,373 posts
msg #31441
- Ignore EWZuber |
3/18/2004 5:09:09 AM
wallman
MRKL, looks interesting but was uncommitted at todays close. It came up against TL Resistance formed from the high at 10:00AM yesterday at $1.90. Within the last 10 minutes of the session it tested this TL and dropped just a tad.
Also it broke TL Support of a wedge pattern that has formed over the past 7 days on the hourly chart.
Normally I wouldn't put much weight to this break of the supporting TL in this particular pattern but with markets in a downtrend I like to see the break of TL Resistance first before comitting.
It's very tough for me to say which this will go tomorrow morning but I suspect it is going lower. In say this because the buying interest just hasn't been there and when I am undecided about a stocks direction the volume bars usually rule IMO. Yesterday the 50 DMA was confirmed as resistance and today the 25 DMA was confirmed as resistance.
If it manages to make a big run, I see resistance at the TL Resistance at $1.81 ( & falling ).
MDDM, This one is testing a Resistance Trendline also at the close. It is oversold on Hourly chart so odds favor a move higher but only to test resistance. It looks like it will drop tomorrow morning because it is testing TL Res. and is overbought on the 5 min. chart and also on the 30 Min chart there has been a recent -xover of stochastics. Right at the close it tested the 2 HR.MA on the 5 min. chart ( 50 period MA ) and bounced down.
I suspect by the time this Hourly chart stochastic accumulation phase is over the stock may rise to test a resistance level but I can't tell yet if that will be higher or lower than where it is now. What I really don't like about it is that it has broken the supporting TL on the Daily chart with a -xover stochastic confirmation. This typically indicates distribution phase is under way.
The big volume spike on 3/15 is not what it may appear to be. It was early buyers selling into strength.
JMHO
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EWZuber
1,373 posts
msg #31442
- Ignore EWZuber |
3/18/2004 5:14:45 AM
CCUR looks ready to move higher tomorrow morning. It closed the session breaking both TL Resistance and the 50 HR.MA.
JMHO
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txtrapper
548 posts
msg #31444
- Ignore txtrapper |
3/18/2004 10:02:06 AM
MRKL.....up $.07 at the open.....good call Muddy with or without TL Resistance.
TxTrapper
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