News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
UBET -- Getting a lot of emails on this one for some oddball reason.
TNOG
Looks like it's ready to break that resist on green.
UVSE -- Dilution target is set at 2.5c. Once that is struck, they dump. So if hit 2.5c, be careful.
VOYT -- Double bottom at 15c?
USS (Bottom bouncer)
DPDW Notes -- not a lot to say, keep an eye on the 50% rule since it bounced nicely off the 61.8% retrace. If it fails the 50%, reconsider your position.
Another DJIA. Pass the cognac or vodka.
Hey Bob,
I don't follow the stock, so I don't know anything about it or it's events. But here's the chart.
One thing to keep in mind was that the 14/15 close broke the Fib and Kagi Supports. Usually that means I sold off and ran with the profits. If you're looking to re-enter, I marked where I'd consider it.
Good luck :)
GLCC
DJIA
SIVC -- Encountering resistance on the rebound. Break and hold the dotted line and you got a swing trade.
LLL -- It's looking for a bottom and has yet to find it...
3-Line ascent on QMNM
<font color=red> Alphabetical Index of Kagi Charts
Check the bottom of the iBOX for an alphabetical listing of KAGI chart for big boards and some OTC stocks!
|
Followers
|
7
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
100
|
|
Created
|
06/21/08
|
Type
|
Premium
|
| Moderator Soapy Bubbles | |||
| Assistants | |||
Brief Background on Kagi Charts
It is believed that the first kagi charts, and candlestick charts, were used around the time the Japanese stock market started trading in the 1870s. Candlestick chart expert Steve Nison introduced Kagi charts to the Western world when he published his book Beyond Candlesticks: New Japanese Charting Techniques Revealed, in 1994. Kagi charts, at first glance, look like swing charts. Like swing charts, they have no time axis and are made up of a series of vertical lines, however in the case of kagi charts, the vertical lines are based solely on the action of closing prices, not a bar's high and low prices. Another difference is that the thickness of a kagi chart line changes when closing prices penetrate the previous column top or bottom.
Kagi Chart Construction
Kagi assumes that the trader wishes to day trade or swing a security for profit while accepting a little loss as to ensure the bulk of the profit. All that means is that the trader/swinger enters just a bit after the trend establishes and leaves a bit earlier than the finalization of the trend; in essence, swinging with the momentum. Let us assume, that you as a trader/swinger, you are willing to lose out on 10% of the overall profit in the trade; 5% upon entering and 5% upon exiting. Thus you will retain 90% of the “pop” and that will be your profit. But what does that mean for the KAGI chart? Let's find out buy building one given the above scenario. In the above paragraph, we accepted a 5% loss on entry AND exit – call this 5% the “reversal amount”. This will be the loss you incur during a buy or sell signal on a Kagi chart while riding out the trade. To build the chart on this assumption will teach you how to read the chart and understand its signals.
First step in building the chart is to choose an initial closing price from the past; this price is called the “base price” at Day 1. Now follow these rules to start building the chart from the base price:
Usually the reversal amount is denotes as a percent of the PPS. If there is a 5% reversal on a 1 USD stock, the 5% reflects a 0.05 change in the PPS as to reverse the direction of the kagi line. If the reversal amount is large, it will help you to stay in a profitable trade longer, however you will lose a little more profit when you exit the trade. If the amount is small, you will lock in more profit when you exit the trade, however you are more likely to exit the trade prematurely.
Kagi charts look different from swing charts in that they have thick and thin vertical lines. To draw the line thickness correctly, we do the following:
 |  |
Kagi Chart Interpretation
Kagi charts are an excellent way of viewing the underlying supply and demand of a market. A thick green line indicates that demand is exceeding supply (accumulation) during an upward trend. A thin red line indicates supply is exceeding demand (distribution) during a downward trend. When such lines alternate, the security is “boxed” into a price range and indicates channel trading.
Kagi charts are of great value to a trader of trending markets. Traders can use kagi charts for their entry and exit signals, and to place their stop-loss orders to lock in profits. They would consider buying a stock when the line changes from thin to thick. They would consider selling the stock when the line changes from thick to thin. I say 'consider' because a trader with a proven trading methodology would also consider factors such as the market phase, the relative strength of the stock and the strength of the stock's trend, in order to maximize profits while minimizing risk. More experienced traders can use a smaller reversal percentage when entering a trade, then when the trade is in profit, change this to a larger percentage. Should the stock commence an almost vertical climb, called a blow-off top, a smaller reversal percentage can be used to help lock in profits. As a general rule, when a Kagi chart has made eight to ten higher highs, the market is considered to be due for a correction.
