EWZuber
1,373 posts
msg #33871
- Ignore EWZuber |
11/10/2004 4:37:57 PM
On break of TL Resistance
ARDI up 52%
DDIC up 10%
SCKT up 20%
EASY up 1%% but is overbought on Hourly chart and moved up on low volume so bears watching closely.
SGI flat.
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EWZuber
1,373 posts
msg #33872
- Ignore EWZuber |
11/10/2004 4:44:40 PM
LPSN appears to be beginning capitulation and may retest a 2 Year Supporting Trendline at ~ $1.88. Stochastics are favorable but not perfect. Fundamentals look ok and the company makes money.
Waiting for a break of TL res.
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EWZuber
1,373 posts
msg #33873
- Ignore EWZuber |
11/10/2004 5:02:31 PM
markcrisp
Shorting a high flyer is dangerous. However it can be done to using technical analysis and trading discipline. If the Supporting trendline is violated and stochastics confirm then a short position can be taken.
A new Resistance Trendline will be formed from the new downtrend and when this is violated the short position will need to be closed. This keep you out of trouble.
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EWZuber
1,373 posts
msg #33881
- Ignore EWZuber |
11/11/2004 4:56:20 PM
LPSN bounced up off of $1.89 this morning. This could be the start of a Morning Star Doji pattern. A buy at $1.89 was a viable position so far.
A new Short Term Supporting Trendline has formed at $1.95 ( & rising ) and will serve as the sell signal should it be violated. Buying volume still low but this is understandable considering the precipitous fall over the past 11 months. I expect volume won't really move in until a break of TL support on the Daily Chart. This has already occured on the 5 Minute and Hourly Chart. Consequently I suspect only daytrader types have entered.
JMHO
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EWZuber
1,373 posts
msg #33883
- Ignore EWZuber |
11/11/2004 6:23:12 PM
ASTSF about to make a move very soon. Support at $5.63 ( & rising )
Resistance at $5.73 ( & falling ).
Really like this one as fundamentals have recently made a turnaround.
JMHO
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EWZuber
1,373 posts
msg #33894
- Ignore EWZuber |
11/12/2004 10:12:31 AM
Closed LPSN at $2 for 5%. Will check out again when oversold on hourly.
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EWZuber
1,373 posts
msg #33922
- Ignore EWZuber |
11/14/2004 4:22:42 AM
A Morning Star Pattern has been confirmed for LPSN.
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EWZuber
1,373 posts
msg #33945
- Ignore EWZuber |
11/15/2004 4:52:13 PM
ASTSF broke TL resistance and moved up today as expected.
Also SGI moved up +11% today. My system picked it up 3 days early so consequently it's up only +8.5% from entry point.
EASY is still worth holding as sell volume was way down today and it tested the 25 DMA as support and it has held so far. Cut off for this one is at a close below the 25 DMA @ $1.41.
Watching LPSN and SCKT for a re-entry points.
Also watching EMRG for entry signal. It looked promising near the close so I put in a small bid in the aftermarket to test the situation.
JMHO
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EWZuber
1,373 posts
msg #33948
- Ignore EWZuber |
11/15/2004 6:11:24 PM
ZL appears to have hit bottom. Semi's moving in as money rotates to that sector. At this point it looks like we will see semi's take the lead and drive the NASDAQ to test resistance at 2150.
BVSN is up in afterhours above TL res. will watch in AM. Looks like this could be a bottom.
JMHO
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nktanaka
5 posts
msg #33959
- Ignore nktanaka |
11/16/2004 5:27:00 AM
>>Also SGI moved up +11% today. My system picked it up
Nice to see you posting again. It seemed for a while that you left this site.
Anyway, could you elaborate on your system? Looking at SGI, Monthly Sto was oversold, but hadn't crossed yet. Weekly Sto was oversold, but barely crossed. Daily Sto 3 days ago had crossed. So it would seem that you are looking for oversold Stochastics on the monthly and weekly and waiting for a cross on the daily.
But looking at ASTSF, the weekly sto is in distribution. The monthly sto just crossed so is that why you are ignoring the weekly sto?
Anyway, I know you use a combination of stochastics and trendlines. Do you use anything else?
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