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AAVG- 500M A/S, 210M Float, $1.2M Revs First Half 2011
Chart and DD
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BYSD Chart:
Hazcat7
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The FIRE HOUSE...
All of this board picks are based on using detailed technical analysis of charts, small float plays, fundamentals, along with upcoming forward looking events...GLTA
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TRAINING FOR PENNYLAND!
The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar:
According to Steve Nison, candlestick charting first appeared sometime after 1850. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. It is likely that his original ideas were modified and refined over many years of trading eventually resulting in the system of candlestick charting that we use today.
In order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display. The hollow or filled portion of the candlestick is called "the body" (also referred to as "the real body"). The long thin lines above and below the body represent the high/low range and are called "shadows" (also referred to as "wicks" and "tails"). The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow. If the stock closes higher than its opening price, a hollow candlestick is drawn with the bottom of the body representing the opening price and the top of the body representing the closing price. If the stock closes lower than its opening price, a filled candlestick is drawn with the top of the body representing the opening price and the bottom of the body representing the closing price.
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DISCLAIMER: THE FIRE HOUSE, does not receive any compensation for any plays mentioned. The picks mentioned are just recommendations based on chart indicators, share structure, fundamentals and forward looking events. Previous picks performance are not indicative of future picks performance. Only invest in these picks, if you are willing to lose your entire investment. With all that out of the way, lets make some money.
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