SWHI CHART 6BEERS1DOOB
ACCUMULATION/DISTRIBUTION = assesses the cumulative flow of money into and out of a stock. SWHI sits at -106 which is very low buying pressure BUT this method has trouble pinpointing a reversal...thus we move to the Chaikin Ocsillator that is more precise in the most recent few trading days and we find.......(a question I have here is could the lack of refelctive buying power be because the MM's are accumulating shares?...how could more shares sell then are bought as another member stated....IF this is true....when the MM's are stacked with shares to sell....YOU BET the PPS is GOING UP that's how it works....consider that a question)
CHAIKIN OSCILLATOR- This addresses more precisely what direction the readout of the Accumulation/Distribution line is likely to go (-106)....and the Chaikin Ocsillator shows MASSIVE BULLISHNESS! [a moving average crossover is like butter to the bread (we have butter!)of the Chaikin Oscillator (quality whole weheat!) is like the buttered bread to the meal of the Accumulation /Distribution(still cookin)]...get it? This Ocsillator reads -25 as of Friday 3:00 p.m. and was spiking nicely but to be honest looks like the .27 trade close turned it back down BUT if we have a GOOD OPEN....the bullish trend should become even more evident........Guess we stay tuned because we want both these to turn up for the long haul and we still have the MACD to evaluate that will help define the integrity of this one. If history repeats itself and SWHI bounces from this -25 we should see at least a .001 gain in pps creating new support well into the .002's!
MOVING AVERAGE CONVERGANCE/DIVERGANCE- Pretty simple....SWHI is riding steady above it's signal line with a (12,26,9) and a (6,13,4) MA working its way to cross "0" ...this shows steady increased strength or movement and creates a better looking picture for the previous indicators mentioned. The (6,13,4) is crossing "0" MONDAY!!!
CHAIKINS VOLATILITY INDICATOR= This ones great...rode "0" for months (can't tell by the chart) showing signs of a market bottom as less volitility (not in pps but trading activity) but as for the last 3 days SWHI has gone from 0 to 1 indicating "get ready"!!!BREAKOUT!!!
DIRECTIONAL MOVEMENT (DMI)= On July 14th SWHI's DMI+ crosed over DMI- showing a change in "trend" or "reversal"...the next day SWHI tapped the .0029 resistance. DMI+ is riding high bringing the average up showing an upward trend is in effect...this was backed up by Fridays again tapping the .0029 resistance!!!(BREAKOUT!!!)
MOMENTUM= SWHI is going up and "crossing 0 "!!! This indicator shows a a channell since July 1st(good sign) anda reversal previous months selling pressure
RELATIVE STRENGTH INDEX= This backs up the Momentum study...SWHI is at an uptrending 47 after June 1st start of bottom floor channelling...this indicator is moving rapidly to "0" (a great buying indicator when crossed for the momo traders).....this is perfect and reflects a great time to get in and ride the wave!!!
ON BALANCE VOLUME= Once again spiking after a "long stall" moving from -125 to -70 in 2 days...this indicator preceeds price movement showing that SWHI pps should increase....and has a long way to go before being considered oversold! SCREAMING BIG MONEY$$$
VOLUME RATER OF CHANGE= again "crossing 0" to the upside.....good stuff!!!
COLDBEER!!!!MORE MONEY$$$$SWHI$$$$$
