CBBO - One day after the double bottom was form
17-Sep-09 1.30 1.30 1.08 1.19 52,800 1.19
5-Nov-09 1.36 1.36 1.10 ]1.16 157,600 1.16
(Sorry for the misspelling it should be was "formed"
With the position of MACD, RSI and Slow Stochastic (not shown), it looks like this penny stock has some more room to move up in the next few days :idea:
PS: The master advised me that a double-bottom is form when the prise closes above the height of the 2 bottom, in this case, it's $3.50.
I wouldn't play by the book in this set-up.
17-Sep-09 1.30 1.30 1.08 1.19 52,800 1.19
5-Nov-09 1.36 1.36 1.10 ]1.16 157,600 1.16
(Sorry for the misspelling it should be was "formed"
With the position of MACD, RSI and Slow Stochastic (not shown), it looks like this penny stock has some more room to move up in the next few days :idea:
PS: The master advised me that a double-bottom is form when the prise closes above the height of the 2 bottom, in this case, it's $3.50.
I wouldn't play by the book in this set-up.
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I project PRST will gain at least 10% from the current price of $1.79 at the end of next week. Is my dream too big ?
Please share your opinion
. .
The gain is 22.9% on today, the day the MACD is crossing. I used to sell within the first hour tomorrow but will try to hold back for 2 or more days.
No sweat, no glory
CBBO gained 5% today but my feeling on this stock is less now
I picked up DVAX today
Today I bought this little one this morning at $1.36, it opened at $1.45, closed at $1.44. It's a Hangingman candlestick. The technical analysis has this definition:
When I got the quote, the bears were in control of the stock but I looked back at the most recent MACD crossing in September and discovered a similar situation - bearish candles appeared on the day MACD crossing and also the next day, and the second day after the crossing there was a runaway gap up !
I will see if the is a runaway gap the day after tomorrow. There seems to be no logics on the movement of this stock regarding its late response to the positive signals but I have some hope for this one in the next few days
On Sept 10, 2 days after the MACD crossing, DVAX opened 70% higher, moved up some more and the bears started getting in
Today I bought this little one this morning at $1.36, it opened at $1.45, closed at $1.44. It's a Hangingman candlestick. The technical analysis has this definition:
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The Hanging Man formation indicates trend exhaustion, and suggests a bearish reversal. After a bullish rally the day opens with a significant sell-off, creating a long bottom wick. However, buyers are able to push prices back to the upper range, creating a short body.
The meaning of the candle is a bit ambiguous. Even though sellers brought the market to low lows, in the end buyers brought the close price back up near the market open price. [COLOR="Navy"]Overall this candlestick serves as an early indication that buyers are losing control and bearish traders are gaining strength.[/COLOR]When I got the quote, the bears were in control of the stock but I looked back at the most recent MACD crossing in September and discovered a similar situation - bearish candles appeared on the day MACD crossing and also the next day, and the second day after the crossing there was a runaway gap up !
I will see if the is a runaway gap the day after tomorrow. There seems to be no logics on the movement of this stock regarding its late response to the positive signals but I have some hope for this one in the next few days
On Sept 10, 2 days after the MACD crossing, DVAX opened 70% higher, moved up some more and the bears started getting in
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11-Sep-09 2.65 2.66 1.91 2.22 8,455,500 2.22
10-Sep-09 2.95 3.35 2.52 2.55 27,029,300 2.55
9-Sep-09 1.75 1.84 1.71 1.75 552,300 1.75
8-Sep-09 1.75 1.76 1.70 1.73 256,000 1.73xtc_savedmylife
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nice play
GIGM is ready for a trip to the upper band. I think !
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The current set up of GIGM is very similar to that in Nov. '08 and Mar. '09. I'm very tempting to get into the position today unless negative development in the trading day today.
Just hope :innocent:
Thanks
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The current set up of GIGM is very similar to that in Nov. '08 and Mar. '09. I'm very tempting to get into the position today unless negative development in the trading day today.
Just hope :innocent:
SOPW moved below Bollinger Bands
SOPW moved below the Bolling Bands yesterday. Since it's a strong stock, chances for it to make a quick turnaround and move toward the upper band is very good unlike GIGM which is weak stock and keeps hanging around the lower band for sometime before changing the direction.
The negative thing is Stochastic is at the wrong position, and RSI signal is negative due to heavy selling yesterday. I'll be watching SOPW closely today :cheesy:
SOPW closed yesterday at $1.21
SOPW moved below the Bolling Bands yesterday. Since it's a strong stock, chances for it to make a quick turnaround and move toward the upper band is very good unlike GIGM which is weak stock and keeps hanging around the lower band for sometime before changing the direction.
The negative thing is Stochastic is at the wrong position, and RSI signal is negative due to heavy selling yesterday. I'll be watching SOPW closely today
:cheesy:SOPW closed yesterday at $1.21
xtc_savedmylife
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I have an automated program that uses standard deviation bands like this, and even when many told me it would never work long run, well 3 years of backtesting ES proves that wrong, I like this method - good luck to you
I sold DVAX at $1.38, a good move, but I also sold PRST @ $4.16 and this is a mistake due to my eyes kept glueing on the computer screen, and PRST is very slow at the start of the day.
Well, the good news is I got GIGM at $4.05, it closed at $4.13, a 5% gain on a strong volume, twice the average 50-day volume. Day traders pushed it down at the last minutes, and after-hour trading recover the loss. So, tomorrow seems to be a strong day for GIGM since the chart gives god signals now. And it's even better if those Motley Fools guys try to tell the world that the stock they try to promote finally moves to the direction that they like to see.
Maybe I should set up "My Corner"
Here is how GIGM chart looks like at the end of the day, MACD shows the strength and the market responds with enthusiasm. Tomorrow is even better, yes I've said that so many times before
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My next stop is learning to tell the computer to recognize the pattern to kick out the charts to me so I make the final decision. Yesterday I wrote that SOPW is a strong stock and it would react differently in terms of reversion of the trend than GIGM which is a weak stock and sure enough, SOPW gained 16.5% today.
Well, SOPW was very slow at the beginning of the day, that's why I picked GIGM instead. The strong point of GIGM is the MACD crossing will happen tomorrow.
Thanks for sharing your idea
xtc_savedmylife
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How do you find these call signs?
Do you have software that finds these certain set ups for you?
I've been paying StockFinder $30/month in the last 3 months but never had a chance to use it at all. If you want to, you can go to Freestockcharts.com, get their free service, be familiar with their chart structures, and if they have a free seminar of Worden Brother software, go there and learn a few things.
I believe that I can request StockFinder to retrieve from their database the stocks that have the relative strength improves during the last 6 month period by specify:
If: Relative strength is i.e. >= 10+ in the last 6 months
If: Relative strength is (i.e.) >= 4+ in the last 3 months (to make sure that the strength of the stock is still up)
If: The stock is closed below Bollinger Band
I run the search from the 3 conditions above, the program would kick out SOPW and many other stocks for me. And if I want to restrict my selection further I could ask it to be more picky by set up more selection criteria such as:
If: Slow Stochastic <20
If: The fast MACD line is trending up toward the trend line .
etc . . . .
Until the end of October, MSN money has a premuim screener ( ?) type that is fairly easy to use and I was learning to use that to select the stocks. Right now I use Stockcharts.com listing and I use the list and generate the 6 month BigCharts charts to study.
The people at Worden Brothers seem to be very helpful, but since I did not study much of the software functions, I postpone my stock research project for a few more months.
There is Doji Stock screener, it's free and I will get into it in a future time.
Regards,
SC
From the SOPW performance today I've learned one thing about prioritize the various signals in selecting a stock. If a stock is strong, the strength will provide the guidance for the confused signals, normally these are more sensitive signals such as Stochastic, RSI as compared with the one that has more power guide such as MACD. Anyway, this is all in the book but my interpretation is kind of lousy. The thing is I've found a similar stock (that was closed under the Bollinger Bands recently), the chart is strong, and the positions of Stochastic, RSI are in better shape than those of SOPW at the close of yesterday.
I'm posting here to see if AERT will do well tomorrow as the chart implies.
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This penny stock is about to move up
That's my answer to a question asked by a forum member. I watched GIGM since I answered a similar question when GIGM was still going down, and when the chart looked good, I've bought GIGM and so far so good
Hope that I'm correct on this "short term" projection.
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My crystal ball is telling me that SNVP is about to move up for the short term.
My accuracy rate in projecting is 51%
Bollinger Bands are narrow, Stochastic is in positive position etc . . .That's my answer to a question asked by a forum member. I watched GIGM since I answered a similar question when GIGM was still going down, and when the chart looked good, I've bought GIGM and so far so good
Hope that I'm correct on this "short term" projection.
It looks like APT will have green candle tomorrow, the touching of the 50-MA is enough for a turn around
Stochastic, MACD, RSI do not give a clear signals in the 6-month chart but they do in the 10-day chart and the narrowness
of the Bolling Bands suggests that there is a very good chance that APT will turn around tomorrow instead of one more
down day so that the candle would have a chance to hit the lower band
(APT closed @ $6.07 yesterday)
Stochastic, MACD, RSI do not give a clear signals in the 6-month chart but they do in the 10-day chart and the narrowness
of the Bolling Bands suggests that there is a very good chance that APT will turn around tomorrow instead of one more
down day so that the candle would have a chance to hit the lower band
(APT closed @ $6.07 yesterday)
I sold GIGM @ $4.36 (bought @ $4.05), bought and sold DPTR for a net gain that is good for a coffee party, but not enough for a good dinner in NYC, net gain was only $30.
I got into gold stock, bought LNXGF for $.09, it closed @ $.084. I remember my favorite GSS gold after I bought LNSGF. Well, GSS did well for the day and it could be my next purchase
GSS is looking good: A strong stock, MACD, Stochastic, RSI all in good shape
I got into gold stock, bought LNXGF for $.09, it closed @ $.084. I remember my favorite GSS gold after I bought LNSGF. Well, GSS did well for the day and it could be my next purchase
GSS is looking good: A strong stock, MACD, Stochastic, RSI all in good shape
The Technical Analysis books say: Stocks move in group. I see that various troubled non-interstate banks as a group have been on the list of stocks that have improved relative strenght index (RSI) in the last few days: AMFI, FRGB, IBCP . . . to name a few.
The interesting part is that they did move as a group together in the middle of September.
The books also say: The patterns tend to repeat over periods of time, I did not see any good news for AMFI but its price went up nicely. I anticipate that price of AMFI & FRGB will continue moving up in the next few days. So, in the next few days I'll have a chance to see if my learning and interpretation is appropriate or not
AMFI, FRGB clased at $.73 & $.55 respectively
SNBC is another troubled Florida bank that has some nice move-up recently, but it seems to run out of gas with the shooting star candlestick pattern for yesterday.
http://stockcharts.com/h-sc/ui?s=SNBC
ABK is another one I have a positive feeling and want to watch:
The interesting part is that they did move as a group together in the middle of September.
The books also say: The patterns tend to repeat over periods of time, I did not see any good news for AMFI but its price went up nicely. I anticipate that price of AMFI & FRGB will continue moving up in the next few days. So, in the next few days I'll have a chance to see if my learning and interpretation is appropriate or not
AMFI, FRGB clased at $.73 & $.55 respectively
SNBC is another troubled Florida bank that has some nice move-up recently, but it seems to run out of gas with the shooting star candlestick pattern for yesterday
.http://stockcharts.com/h-sc/ui?s=SNBC
ABK is another one I have a positive feeling and want to watch:
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Re: The US dollar is going down and further weakness ahead
The US dollar:
RSI = 35.77 and is pointing downward,
strong selling pressure on Friday,
MACD is crossed down
The Euro:
RSI = 62.76 above the average strenght and is pointing upward,
Run away gap on Friday,
MACD is crossed up
The Japanese Yen:
RSI = 71.98 above the average strenght and is pointing upward,
Run away gap on Friday,
MACD is crossed up
Gold has the same performance with the Japanese Yen
The US dollar:
RSI = 35.77 and is pointing downward,
strong selling pressure on Friday,
MACD is crossed down
The Euro:
RSI = 62.76 above the average strenght and is pointing upward,
Run away gap on Friday,
MACD is crossed up
The Japanese Yen:
RSI = 71.98 above the average strenght and is pointing upward,
Run away gap on Friday,
MACD is crossed up
Gold has the same performance with the Japanese Yen
Nov. 30, 2009
It's advised that if Rabbitt Q-Stock Rank is 90 or higher, it's a strong buy rated stock, COT had a 92 rating at the close of the last trading day.
Wm%R is at the oversold position, RSI is close to 50, it shows a little weakness at the end but not really that bad due to a the Dow was down more than 150 points on the last trading day.
COT seems get ready to move up and has very little room to go down for the short term if there is any.
It's advised that if Rabbitt Q-Stock Rank is 90 or higher, it's a strong buy rated stock, COT had a 92 rating at the close of the last trading day.
Wm%R is at the oversold position, RSI is close to 50, it shows a little weakness at the end but not really that bad due to a the Dow was down more than 150 points on the last trading day.
COT seems get ready to move up and has very little room to go down for the short term if there is any.
Dec. 02, 2009
Yesterday was a very good day for gold and silver stocks
Ticker Last Trade Today's Change Volume
AAUKY $22.31 +0.83 +3.9%
ABX $46.07 +3.38 +7.9% 24,232,388
AEM $65.46 +2.80 +4.5% 4,947,759
ANV $13.94 +0.94 +7.2% 631,763
ASA $82.20 +2.65 +3.3% 122,693
AU $46.31 +2.27 +5.2% 3,319,260
AUY $13.86 +0.53 +4.0% 18,152,882
AZK $5.24 +0.29 +5.9% 715,017
BVN $41.44 +1.29 +3.2% 1,735,336
CDE $23.29 +0.48 +2.1% 4,810,558
CHNR $10.50 +0.30 +2.9% 13,311
DROOY $5.66 +0.35 +6.6% 315,052
EGO $13.93 +0.69 +5.2% 5,654,810
ETQ $6.14 +0.23 +3.9% 67,310
GFI $15.42 +0.64 +4.3% 8,107,656
GG $44.76 +2.76 +6.6% 15,666,372
GOLD $88.45 +3.71 +4.4% 2,134,964
GRS $12.15 +0.60 +5.2% 1,554,293
GSS $4.20 +0.34 +8.8% 9,569,433
HL $7.06 +0.45 +6.8% 24,637,813
HMY $11.68 +0.58 +5.2% 3,792,457
IAG $20.34 +1.39 +7.3% 6,705,285
JAG $12.13 +0.45 +3.9% 1,179,034
KGC $21.10 +1.08 +5.4% 15,710,425
KRY $0.39 +0.11 +39.3% 4,383,753
LIHR $34.11 +1.29 +3.9% 954,855
MFN $11.38 +0.65 +6.1% 815,752
MVG $6.66 +0.62 +10.3% 601,685
NAK $7.82 +0.39 +5.2% 557,310
NEM $55.66 +2.02 +3.8% 10,244,185
NG $5.97 +0.38 +6.8% 4,049,661
NGD $3.77 +0.19 +5.3% 2,582,716
NSU $3.40 +0.21 +6.6% 1,236,970
NXG $3.37 +0.18 +5.6% 3,827,471
PAAS $26.27 +1.03 +4.1% 1,899,776
RGLD $54.72 +0.90 +1.7% 767,169
SA $27.39 +2.18 +8.7% 476,198
SLW $17.00 +0.93 +5.8% 9,472,848
SSRI $23.63 +2.02 +9.3% 2,649,173
SVM $7.72 +0.22 +2.9% 1,797,045
TRE $3.76 +0.21 +5.9%
http://www.tickerspy.com/index/Gold-and-Silver-Stocks
Yesterday was a very good day for gold and silver stocks
Ticker Last Trade Today's Change Volume
AAUKY $22.31 +0.83 +3.9%
ABX $46.07 +3.38 +7.9% 24,232,388
AEM $65.46 +2.80 +4.5% 4,947,759
ANV $13.94 +0.94 +7.2% 631,763
ASA $82.20 +2.65 +3.3% 122,693
AU $46.31 +2.27 +5.2% 3,319,260
AUY $13.86 +0.53 +4.0% 18,152,882
AZK $5.24 +0.29 +5.9% 715,017
BVN $41.44 +1.29 +3.2% 1,735,336
CDE $23.29 +0.48 +2.1% 4,810,558
CHNR $10.50 +0.30 +2.9% 13,311
DROOY $5.66 +0.35 +6.6% 315,052
EGO $13.93 +0.69 +5.2% 5,654,810
ETQ $6.14 +0.23 +3.9% 67,310
GFI $15.42 +0.64 +4.3% 8,107,656
GG $44.76 +2.76 +6.6% 15,666,372
GOLD $88.45 +3.71 +4.4% 2,134,964
GRS $12.15 +0.60 +5.2% 1,554,293
GSS $4.20 +0.34 +8.8% 9,569,433
HL $7.06 +0.45 +6.8% 24,637,813
HMY $11.68 +0.58 +5.2% 3,792,457
IAG $20.34 +1.39 +7.3% 6,705,285
JAG $12.13 +0.45 +3.9% 1,179,034
KGC $21.10 +1.08 +5.4% 15,710,425
KRY $0.39 +0.11 +39.3% 4,383,753
LIHR $34.11 +1.29 +3.9% 954,855
MFN $11.38 +0.65 +6.1% 815,752
MVG $6.66 +0.62 +10.3% 601,685
NAK $7.82 +0.39 +5.2% 557,310
NEM $55.66 +2.02 +3.8% 10,244,185
NG $5.97 +0.38 +6.8% 4,049,661
NGD $3.77 +0.19 +5.3% 2,582,716
NSU $3.40 +0.21 +6.6% 1,236,970
NXG $3.37 +0.18 +5.6% 3,827,471
PAAS $26.27 +1.03 +4.1% 1,899,776
RGLD $54.72 +0.90 +1.7% 767,169
SA $27.39 +2.18 +8.7% 476,198
SLW $17.00 +0.93 +5.8% 9,472,848
SSRI $23.63 +2.02 +9.3% 2,649,173
SVM $7.72 +0.22 +2.9% 1,797,045
TRE $3.76 +0.21 +5.9%
http://www.tickerspy.com/index/Gold-and-Silver-Stocks
