Pennies In The Woods (PITW)

[m0m0mey0]

Watching for a ZLR on UVE $6.50 daily chart.
Taking heat, but CZ and SW are still ripe.
14CCI Dipping just below +100 at 83.23 after uptrend confirmation on daily*3 chart, indicating that it's a perfect time to watch as well as lending good support to the daily chart.
Weekly chart looks great too.

Watching, waiting....

[m0m0mey0]

Well, RNWK was good from 8.48->8.59. Not the big move I had hoped, but a winner nonetheless.

[m0m0mey0]

RNWK Tony Trade & ghost on news. 8.48

My Woodies CCI analysis for the day...

RealNetworks.... been watching this for a while, played it from 8.03 ->8.67, daily 14CCI went all the way to +300 and stayed there for 2 days.... above +200 for 2.5 days. Uptrend confirmation didn't show 14CCI at or greater than +100, but given the nature of the move, and the fact that the 14CCI did come from a strong move outside the +100 lines just the day before confirmation, I'm calling it a strong confirmation anyway. Then we consolidate, draw some 14CCI trendlines, and we have a perfect ghost, and a Tony trade too as the dip for the past two weeks never put the 14CCI outside the -100 line.... and within 9 days, we have a TLB from the peak to the last bump, as well as the TLB from the ghost pattern, and then the 14CCI broke to the upside.

Note that this is also a ZLR, and the little famir pattern too for a pseudo-countertrend play. I say pseudo because a negative trend was never really confirmed to my standards. There are something like 3-4 Woodies CCI buy signals all colliding on this one.... something that is pretty rare. Only thing left is for the sidewinder to go green on daily charts... but with the CZ already blue, and the other indicators looking great, and a green sidewinder on the 90 minute chart, it's an early buy, IMO. Still, I'd be really surprised if this one didn't move bigly today.

Only thing that I'm not a big fan about is the fact that it's trading below the 25LSMA, but that's at 8.607, and we're sooooo close, we could easily pop back over it.

Non-woodies stuff:

Volume steadily increasing for 4 days, stochastics, MFI, CMF, RSI, all turning upwards. Sweet.

Yes, I snagged some shares at EOD yesterday. I think the news, the company, and charts are all great, and it's time for this baby to make a move, IMO.

Make up your own minds. I think only for myself.

[jk21]

hey momo, glad to read one of your analyses again. i wanted to tell you i made a board for myself to track some different approaches. come on over and check it out, let me know what you think. i still have lots to learn about woodies cci

http://www.investorshub.com/boards/board.asp?board_id=9317

[m0m0mey0]

My charts look absolutely fantastic for NWWV.

Been a while since I posted here.... sooooo.....

NWWV, Woodies CCI, et al.....

I see that the past 7 days shows more up volume than down volume. I show today's action being down *on LESS volume than the last 9 trading days.*
My full stochastics(14) are up and heading nearly flat, just below the powerzone, RSI(14) is still >50.
MACD(12,26) is a lovely shade of green with lots of room before it goes negative.

Woodies CCI analysis:
We closed above the 34EMA, CCI(14) is +53, uptrend is confirmed with the CCI above the +100 line, all blue chop zone, all green sidewinder, and to me, the chart is absolutely ripe for a powerful buy signal with lots of room to spare. And even if tomorrow is much more of the same... low vol, short covering, maybe even a little dip, I'm TOTALLY happy. My CCI trendlines are drawn, and I'm Looking for my zero-line reject (ZLR) and there's plenty of time to get it. What an AWESOME Woodies CCI setup this could be, and this could be the first classic ZLR pattern of 3 or more in the overall run that will take this sucker way up HUGELY. A solid up-day tomorrow should yield at least one additional day, if not two, as two CCI trendlines might get broken within a 2 day period.

Even when I look at the previous run up in April, the uptrend was [weakly] confirmed, though not as strong as I would have liked, and consequently, pulled back.... but the CCI(14) only broke barely outside the -100 line *briefly* for 1 day in that entire channeling period after it. That's just bullish, plain and simple... the bulls won. The daily*3 and weekly charts look even better in that respect, with no touch anywhere near the -100 line. And this current run has a solid uptrend confirmation this time, with the 6 consecutive days at or above +100 (and more after as well), so it's definitely not a CCI "Tony Trade" pattern for shorts, and this is not a faux move.

Regarding volume balance/money flow:
I see an MFI(14) at 87, almost flat and well above 70 for the past 8 trading days.
For the past 5 days the CMF(14) has been positive. For the past 8 days, the CMF(14) has been moving up steadily with small pullbacks and greater advances.
OBV(14) has been steadily climbing for the past 8 days with tiny pullbacks along the way, but going ever higher. Same with the Acc/Dis.

The L2 shows that NITE has been soaking up shares like a sponge at the bid, and trying to scare people out of shares by sitting on the ask during low volume periods. Any time volume comes in, he moves off the ask. It's been that way all week.

I'm Long on NWWV, and my shares are saying "Hold me, squeeze me." All IMO, think for yourself, and do what's right for you.

[jk21]

hello der.....you know what i didn't get about woodies? Does he have a specific software you have to purchase? where do you find these bars that he speaks of? his software?

[m0m0mey0]

Just posted one of my charts in the I-Box of the QQQ index.
As stated in the I-BOX, I will allow and encourage the posting of current charts of common indexes ONLY. Again, all current charts of penny stock plays posted here will be deleted. Those are the rules.

The daily QQQ chart I created is a bit hyperactive, and is not exactly the best interval to view the CCI for longer term plays. A longer interval chart would definitely help to validate some of the plays here.
Still, if you're a daily QQQ player, this baby is chock full of great plays, both trend and counter-trend.

I have not labeled any of the patterns, nor have I heavily annotated the chart in an opinionated way. I've simply drawn key trendlines on the CCI.
The SW is green and red, the CZ is light blue and brown. I put the CZ indicator in several places to help with visual alignment of time and events.

This is the kind of chart that I expect people to post publicly.
An objective chart. Pure and simple.

This chart was done in Quotetracker.
Don't know how to build a chart like this?
Figure it out yourself. Google is your friend.

[cosmoworld7]

this is an interesting idea. Can you give me an example of a chart that is valid for this board. tia.

[m0m0mey0]

Damn! I start a new board, and you beat me to the punch with the first post! LOL.
Welcome Briboy and all.
Hopefully this will be the start of a valuable journey into charting, personal relationships, and ultimately monetary success.

Peace.

-m0m0mey0

[Briboy]

Best of luck to this new board

I won't be back for a while until I learn to do my own charts.

So much to learn re penny stocks.....only so much time

briboy