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Post by Sol P on Jun 12, 2005 16:35:41 GMT -5
Orignially posted by John and taken from the passcoded section I'm not sure if I should be starting a new thread, but I wanted to see if I am able to post my first chart. Is there a specific thread that we should use to post new stocks of interest on? I found this stock on the 'Bottom 100 Stocks' (scroll to the bottom) @ www2.barchart.com/sectors.asp?base=industry This one is #99. The link will allow you to check out all the sectors and how they have been performing. I am using Market Browser, so if someone can let me know if this works and is viewable, I would appreciate it. Thanks and have good evening. -John  SOL'S Reply We have a strong positive divergence signal on the hourly charts and since we have some on the daily charts to its a pretty powerful development. 2 time frames are now in agreement with each other. in addition it has put in a double bottom on the hourly charts and it might even put a tripple bottom , if i were to trade this stock i would go long in the 1 to 1.10 ranges with a mental stop at 99 cents. Remember the stock needs to close below this level before the stop is triggered. as for price targets 1st 1.44-1.62 2nd target 1.89-2.01 |
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Post by Sol P on Jun 12, 2005 16:36:55 GMT -5
Sol,
I hope that your trip is going well. Great call on SFP. It took off on the day you responded from 1.10 to close at 1.50. I was wondering you how you came up with the first and second price targets. I've been trying to figure it out, but haven't been able to get the numbers. SFP is meeting resistance at the first price target right now. The reason I'm asking is in regard to learning more about where a stock could possibly go and how you determine where a full sell signal would be generated.
An example is ENY. It took off again - as it did in March - and is currently at 1.28. That's roughly a 100% gain from cost of entry and a great situation. Are there other things someone using the highly/extremely aggressive guidelines should look at to determine if the stock has more room to move? I realize that in this particular situation, this is a question for those who are going by the highly/extremely aggressive guidelines as everyone else would have closed out by now, but thought it would be an interesting topic to begin to discuss for all profit guidelines. Thanks and have a great day.
-John
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Post by Sol P on Jun 12, 2005 16:39:57 GMT -5
Jim send this chart out to everyone, i am going to post it here. By the way congrats to david for finding a real easy way to post images on this site. What is wrong with this picture. Everyone should be albe to spot this because we went over this in the seminar.   Tony mentioned SRLM. Well the chart looks interesting to say the least. I am not going to spend too much time elaborating on the details the picture and some of the trend lines drawn in should tell the whole story. On a seperate note, gold stocks and Silver stocks are starting to diverge from bullion. In fact what is interesting is that the worst stocks are starting to show some strenght in this sector. What makes this sector a bit more appealing now is that its among the 10 worst performing sectors. The chart below is a 1 year chart of Palladium  This is a 9 year chart of Palladium  You guys are getting a first look of some of the contents of the next mkt update. Notice that we have an extreme condition in both the yearly ( short to intermediate time frame) and the 9 year chart ( long term time frame). Also see if you can spot whats happening in ARTX and TRIB; hint use daily charts also. Thought i would just throw in one more chart, it looks rather interesting too. Stock symbol =IG  |
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Post by Sol P on Jun 12, 2005 16:44:40 GMT -5
Basically, these are not true "tactical" trendlines. The "main" trend line needs 2 points, the origin point of this is missing (unless this is a zoomed in shot of a larger chart, and the origin is out of frame). However, both of the "branches" start at the same point, and that is not valid according to the trendline technique that Sol advocates... this looks more like a "fan" technique.
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Post by Sol P on Jun 12, 2005 16:45:12 GMT -5
orignially posted on June 5th As a rule David one should use as few indicators as possible, a minimum of 2 and well a ´maximum of infinity depending your threshold for pain and punishment. A good balance is not to exceed 5 try to really improve your skills with just 3 and you might end up finding out that you really dont need to use more Okay of to the stocks i mentioned before. I am simply going to put up some charts. They took me longer then normal to complete as i am in the mountains of Monte verde a remote but very beautiful place in costa rica Idev daily  computer is acting up so it looks like i am going to be able to post only one for now Okay i am out of monte verde and back in San Jose the capital. there are some really good possible business ideas for those who love nature, good pure food and living with very nice people here in monte verde. Okay i am going to put up the chart of the second stock i mentioned a few days ago. IG  It also looks like we have a hop skip jump channel formation taking shape here.
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