TheRumpledOne
6,529 posts
msg #29221
- Ignore TheRumpledOne |
10/9/2003 9:49:03 PM
RSI(2) says get ready to load the boat with SNUS. Should hit bottom soon.
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jthehut
124 posts
msg #29226
- Ignore jthehut |
10/9/2003 10:52:48 PM
I usually fill my boat with Coronas...what does this SNUS taste like???????
Actually, if it doesn't hit a "respected" volume ie more than the 52k from yesterday, would you still accumulate if rsi(2) hits a low??? It needs a big volume day like near the end of Sept before I think I would consider it (just from liquidity issues)...810k looks more enticing to me.
But who am I to argue with you, oh Great One (sorry, RumpledOne), if a g-note is somewhere, you have the nose for it!
M aka j-the-hut
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EWZuber
1,373 posts
msg #29235
- Ignore EWZuber |
10/10/2003 1:27:39 AM
TheRumpledOne
Williams %R at max oversold but suspect it may want to at least briefly test the 50 DMA @ $4.50 ( & rising slightly ) as support.
Volume too low for me too. I need an absolute minimum of 100K, but 200K or better is more comfortable for me. JMHO
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EWZuber
1,373 posts
msg #29238
- Ignore EWZuber |
10/10/2003 2:29:46 AM
Avery
Take a look at BNBN.
Came up on a basic oversold filter. It closed testing resistance at the 15 DMA which also happens to be trendline resistance.
Today would have been a killer daytrade.
It closed the session getting pummeled the last 25 minutes so.
I'm going to set a price alarm and keep an eye on it.
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TheRumpledOne
6,529 posts
msg #29249
- Ignore TheRumpledOne |
10/10/2003 9:06:10 AM
EWZuber:
BNBN had an RSI(2) bottom on 9/26 with higher bottoms on 10/2 and 10/7. Using Muddies' "wait for green", one would have been it and out with nice daily profits the day after each bottom.
Looking at BNBN with your slow stochastics (5,3), I think the crossover may have caused one a tough battle to take profits during this time period or cautioned one to not enter. Is this a valid interpretation?
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EWZuber
1,373 posts
msg #29275
- Ignore EWZuber |
10/10/2003 5:47:31 PM
TheRumpledOne
Yes it is.
I wouldn't have looked at that as a good low risk entry and would have passed on it.
The best entry using stochastics and trendlines would have been on 8/15 or 8/18.
Here we have the Weekly chart stochastics +xover and Daily chart +xover also.
Also BNBN tested trendline resistance as new support on 8/15 and tested that same level on 8/18 and confirmed it as support.
That started a new uptrend with a new supporting trendline that was intact until 10/7 when it was broken on a closing basis and traded below it for a couple days.
Today BNBN gapped up to trendline resistance and sold off.
As you probably saw a wedge pattern is just about to be broken one way or another very soon.
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TheRumpledOne
6,529 posts
msg #29286
- Ignore TheRumpledOne |
10/11/2003 1:04:49 PM
RSI(2) < 1 spit these out:
EYEM 0.02
FLMIQ 0.02
MASG 0.02
CDED 0.04
WCOEQ 0.06
SLGLF 0.17
BIOHF 0.18
BEV 5.38
EMN 32.24
GIS 45.24
IT'S NOT WHAT YOU TRADE BUT HOW YOU TRADE IT!
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TheRumpledOne
6,529 posts
msg #29302
- Ignore TheRumpledOne |
10/12/2003 1:55:15 PM
MIRKQ ... bankrupt energy stock... showing positive divergence.
Missed the boat from .2x to .7x
Can't trade them all!
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TheRumpledOne
6,529 posts
msg #29341
- Ignore TheRumpledOne |
10/16/2003 9:17:15 PM
SNUS closed $5.30 today
10/14 bottomed at $4.63 RSI(2) = 1.02
Any questions?
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jthehut
124 posts
msg #29342
- Ignore jthehut |
10/16/2003 9:37:33 PM
Yes, I have a question....
If it actually doubled volume 2.5x (which it did), am I right or are YOU right about the stock?!?!?!?
Stopped watching it a few days ago since no price/volume movement, obviously a good $ maker, I humbly acknowledge your "crystal-ball"-like predictions, I only wish you could predict me my next stock... (you know my email addy!!!).
jthehut aka M
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