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There was some covering on the 4th from the looks of the action IMO, but then on the 5th when it gapped but then it was seen that the 50SMA wasn't going to be broken, new shorting would have been a floodgate of orders. Those are the sharks and they are in schools. We were going against the bigger market's plunge that day.
The whales, were I one, would continue to pick up shares on a nearly daily basis knowing that the PPS would be walked down and perhaps even due in part by their skills; 4k9p seems to be very impressed with what he has determined to be their skill-set.
Likely too, hundreds of us are picking up a block here and there as we can afford. Some buy gold, we buy JBII.
There's a bit of a downturn in the Accum/Dist the last three days. That's likely the overall market's fear.
Thanks for the reply. I agree that the opinions of IW, 4k9p, yourself, and others seem to complete the overall picture of JBII. With that being said, is the vast amount of Accum/Dist to be credited to covering, or whales?
At this point it seems that Imp Whaz has the better handle on JBII TA. From my perspective there is no longer the "early" entry in a reversal trend that I look for in the positive divergence of the Accum/Dist to PPS. Below I've put up a 1yr9month chart to look at Accum/Dist in regards to PPS RSI and MACD. It appears that since mid Jan accumulation has taken place regardless of the PPS. Thats just before the time that 4k9p began to recognize someone consistently outflanking the MMs in accumulating shares at a price near the cellar at every level. Imp Whaz sees 'pro' trading and that is likely from his algorithmic analysis perspective. Could be one in the same accumulator/trader. If I had the skills, I'd have played the run up to $2.93 and then sold off some to buy in later in the day at $2.13. It's difficult for me to let those shares go and on that day the time wasn't available to keep a handle on the fury of activity.
Blah blah blah.
PPS is now trending upwards towards Accum/Dist. What I want to see is Accum/Dist. continue to move upwards; now speculating $9 for Accum/Dist by the time that MACD gets to '+' territory and the RSI reaches 70. Given that, I'm speculating $8 PPS before we see a consolidation as we did last month, but not as severe. I have not correlated this to Imp Whaz's Fib angles and would feel more comfortable if I had the time to do that.
I am inclined to agree with your hypothesis on JBII. Is it still indicating a 'positive divergence'' to you?
SRPX nice divergence setting up here between the Accum/Dist and PPS. Both RSI and MFI are in buy interest ranges. Volume fell way off today. Could be bouncing off the 50SMA - quite a bit of purchasing in this PPS range. Evidently its decline from a high of $15 in late April has come with moderate sell volume. Its at the 13EMA, which might be acting now as a little resistance, otherwise serious resistance is st $2. With this low volume the PPS might still decline a day or so.
GUGO a positve divergence of Accum/Dist to PPS began to form on this today 8.03.11 by the PPS crossing negatively through Accum/Dist. Nothing else looks promising, but it is noteworthy as the Ibox indicates that most shares are tied up with insiders. http://investorshub.advfn.com/boards/board.aspx?board_id=17992
GOHG here's a promising chart as of 8.01.11 to be watching over the next few days. Positive divergence for entry opportunity of the Accum/Dist to PPS has just begun to form at the low low end of the Accum/Dist. RSI wouldn't take long to rise above 50 and the money flow is already attracted. I'm not one for triple aughts, but if the Accum/Dist begins to rise quickly and the RSI gains on that 50 level its of immediate interest.
PSPW presently shows a positive divergence Accum/Dist to PPS from an entry standpoint. Most other TA considerations are weak and its likely still recovering from that jaunt to $2.48 three months ago due apparently to merger PR with Seawinds. Separation ratio is 3.5.
http://investorshub.advfn.com/boards/board.aspx?board_id=4863
yes sdy, will keep ya updated if things start getting interesting. Was writing from phone earlier so wanted to finish my post. Thx again for the response. Enjoy your analysis on these stocks
103 mil a/o Feb 11' is float.....yea seen bids stacking last week followed by some decent hits on asking price. Looked like it could be the start of something. Very thin down here understandably so....many shares traded/dumped much higher than these levels. Anyways def appreciate your insight
ECOF - low floats a worth a lot to me. What is the float? Stronger swings and if the co. becomes a swimmer in the big ocean it'll reward early investors handsomely IMO. I've done no DD on ECOF. The name suggests that its a global warming response.
RSI has headed south, along with the price (albeit one day), Accum/Dist looks like its following the PPS and MFI is nearly maxed. Not a lot of volume action down here, so getting out of here could take time. Unless something improves, and since its well below its weekly 50SMA how can something not improve, I'm not going to watch it closely. Let me know if you do and something improves.
Yes, couldn't not put JBII up, the 'great stock hope'.
First a caveat, too heavily invested in JBII to be fully objective.
Second caveat, was really merely talking to myself here; keeping track of who's on watch and making notes where I can easily find them.
Third caveat, no pro here.
It's a positive divergence 'to me' for the Accum/Dist to be separating from the PPS - when the PPS is in decline: an entry opportunity.
This past week has seen a turn up in PPS where the prior had seen some serious decline. Meanwhile Accum/Dist has been stable and in fact been upbeat a bit. What I'm expecting now, IMO, is the PPS to rise to meet the Accum/Dist.
Maybe more later, have to go tell a bedtime story to the grandchildren.
Looks pennybound imo.
A positive, or negative divergence?
We've seen the market indexes nearly fall off a cliff this past week ending 7.29.11, which raises the question; are they oversold? If we look at them from a positive divergence perspective there may be one beginning to show between the Accum/Dist to PPS and the IWM shows it more clearly than the QQQ, SPY, or DIA. They each follow closely otherwise and it is not easy to catch a potential reversal developing by more than a day or so.
WWPW Not the strongest comfort level with the positive divergence of the Accum/Dist to the PPS here having turned in the trend line as it's begun to follow the PPS. IMO that could well indicate that the positive divergence is leveled off and if the PPS here on 7.30.11 doesn't improve the Accum/Dist will disimprove.
SGGV Here's an odd duck. Positive divergence of PPs to Accum/Dist and yet both the RSI and MFI are tripped down. Looking at the shorting indexes for both gold and silver, and given the loopy 3rd world political regime we have working for us may explain this. SGGV could take off in a blink of an eye given its avg volume and could double its PPS from here - especially if we continue on our negative 3rd world divergence.
QTMM, been watching for a while now. Negative divergence at beginning of the year had the PPS move negatively to join Accum/Dist, still the joining was on a positive trend of the Accum/Dist. Am watching to see if the Accum/Dist will continue to rise here, preferably above .40 while the PPS stabilizes or continues to move up more slowly. For those of you who got in back in late may when the 13EMA crossed positively with the 50SMA and the divergence went positive for the Accum/Dist, congratulations.
.<font color=red>Chart Lessons: Rising Wedgie
good time to buy now, IMO near $10'z
Can't get a good chart on FUQI cause IPO.
look at FUQI intraday chart... shows PD.
Sorry, I meant ISBL intraday chart, not INPC.
Please tell those MM's to lay off and stop Shorting!
Thanks for the annotated INPC chart…
INPC daily chart still looks ugly, but the intraday charts are starting to show life. In conjunction with the strong buying in the last 10-minutes EOD today, the intraday charts showing INPC has bottomed and turning up now.
PHI nice steady accum/dist
TPL check this out. slight divergence during the last 3 weeks.
Fairvalue $270 the classic SS multibagger bigboard stock!!!
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Google negative divergence, albeit only over a course of two days, which is too short a time to conclusively judge. Typically we want to see a "divergence" over the course of several days to weeks, or, if playing momo solely, on the intraday charts.
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