mika
131 posts
msg #29727
- Ignore mika |
11/7/2003 12:36:31 PM
Well, it's been a couple of days that I've been toying with the money.net streaming chart service, and I have to agree with you Z, the service is not very robust. I'll be canceling my subscription to it once the free trial period expires.
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mika
131 posts
msg #29728
- Ignore mika |
11/7/2003 12:48:10 PM
Looks like I might be selling my CRDM shares today. ;)
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EWZuber
1,373 posts
msg #29729
- Ignore EWZuber |
11/7/2003 1:28:12 PM
Thanks for validating my findings on the streaming charts.
CRDM making a nice supporting trendline on the 5 minute chart. If you are a real short term player a break below this trendline could be used as a sell signal.
Or a break below support at two previous cycle highs at $1.13 on 11/3 & 11/6 would be a good sell signal. JMHO
Good luck
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mika
131 posts
msg #29731
- Ignore mika |
11/7/2003 2:52:51 PM
I hear ya. I hate to sell on a relatively weak market day, but where ever CRDM going, I'm getting mighty bored watching it get there. I'm still holding, but my patience is running out. And the 20 min RSI(3) peaked as well. The only thing keeping me in is that I don't see many sell orders (Island) as resistance to get to where I want it to get to.
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EWZuber
1,373 posts
msg #29732
- Ignore EWZuber |
11/7/2003 3:38:41 PM
mika
Yes $1.13 being tested as support and so far is still intact.
Up till now this has been very stiff resistance but if this holds as support the stock might go somewhere because it's not very overbought on daily charts yet.
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EWZuber
1,373 posts
msg #29734
- Ignore EWZuber |
11/7/2003 4:20:00 PM
mika
I think it looks higher from here. It closed above $1.13 and that was a big hurdle to get over.
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mika
131 posts
msg #29736
- Ignore mika |
11/7/2003 7:31:35 PM
I hope so. I'm still holding..
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mika
131 posts
msg #29775
- Ignore mika |
11/10/2003 12:58:06 PM
Z,
Thanks for the advice, and I guess for holding my hand through this one.
It's been a profitable day.. :)
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EWZuber
1,373 posts
msg #29776
- Ignore EWZuber |
11/10/2003 1:40:09 PM
Sure thing. Glad it worked out for you.
CRDM has bounced down off of resistance from the old high at $1.34.
The supporting trendline formed from the run today on the 5 minute chart has been broken at about $1.28. Drwaing a horizontal line to the left of this break we can see that this line is holding as support.
Because CRDM is substantially overbought on daily charts I would be inclined to take at least half a position at any break below this line with a completed 5 minute candlestick. But thats JMHO
I see as I write this it has already started a new supporting trendline. Watch and see how this acts as it approaches resistance at the intraday high again.
Good luck
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EWZuber
1,373 posts
msg #29780
- Ignore EWZuber |
11/10/2003 3:31:19 PM
CRDM is oversold @ 16 on 5 minute charts so I would hold a bit longer.
Selling volume is very low compared to buying volume today.
Daily chart stochastics have dropped in value due to todays big move. This gives more headroom to the rest of the cycle. Looks good.JMHO
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