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Say folks, I was just doing some screening for tomorrow and I noticed that KING is in a strong accumulation pattern. Throw up the MnyFlw, OBV, and Accm/Dstr indicators (assuming your chart system has them). Talk about a divergence!! WOW. KING is a buy, gang. (IMHO, of course)
Imperial whazoo
OT: The thing I most like about it is that you don't get attacked by board bullies because there don't seem to be any. They all appear to have enogh common sense to treat others as though they might just be nice people. And I picked up a couple of good stocks to add to my watch list too. I don't have a breakout trading mindset, but maybe my "steady as she goes 1.33% targeted per day" approach will gain some traction over there. They all appear to be jackrabbits and I'm a turtle compared to them, but if I remember... didn't the turtle end up winning?
Good board over there. And, yeah, it was cool to take apart poor little ole tu in Austin.
Imperial Whazoo
Wave -
That was too funny!
I like China 3C Group (OTC BB: CHCG). That one is being accumulated IMHO. Check the OBV, MnyFlw, & AcmDst. All strong. CHCG is on one of my watch lists.
I wish I'd known of it yesterday as that is a pretty darn textbook piercing line formation. And now that I'm looking at it, there is a tweezer bottom too. Seldom really see one of those.
Nice find.
Imperial Whazoo
Look at IMH
Breakout? I think maybe.
1. it closed on big vol above the recent highs
2. It set a higher high on hihger volume
3. Check the Money Flow
4. Check Accumulation/Distribution
5. it smashed thru the 50 day today
Anybody got a confluence calculator? Where is confluence on this one?
Imperial Whazoo
Hey gang, check this link.
http://www.investorshub.com/boards/replies.asp?msg=15132437
I stand by what I've been saying. Imperial Whazoo
Well, I like PLYCF too. Watching the vols.
My initiation to this board was my post #10067 and I'm smiling rigth now. Riding AW up today. Unlike a lot of folks, my gameplan is to do 1.33% per day and the compounding takes your balance up bigtime each month. My 1.33% on AW ia 12.47. Gotta go, to protect the gain.
Cheerz
Good board, by the way.
Imperial Whazoo
Its just as you say, nosey. And, by the way, you've not been being negative, either.
GLTY
Imperial Whazoo
The bears on IHDR may be able to retest the 11/20 lows or even the 10/5 lows. The issue isn't whether they test. Its whether their test is successful. Its a matter of volume. If they have the muscle, they have the muscle. If they don't they don't. As of this moment, this is not a volume move to the downside.
Imperial Whazoo
Oh yeah , now I remember, zig -
I've been really working on a set of propritary indicators for my own day trading. I have it to the point where I'm not any longer back testing it and paper trading it. I'm actually relying on it. Anyway, I came across that board (shakerzz) when I was looking for a place to begin to interact with the new leads I'm getting daily as a result of my new indicators. You should feel gratified, (I hope so, anyway) that I looked at that baord and at several others and decided this was a better boardd to try to reveal and fine tune my new trading system which I'm basing on the new indicators I've invented. Of course, I may loose my ass with these new indicatore (LOL), so don't anybody follow what I say for a while. Let it either show itself to be worthy or to be just another of my several stabs at it. In any event, this looked like a friendlier place to begin interacting about what I'm now undertaking. Some boards are just plain mean. I intend to start showing folks what I'm digging up each day. I rejected that board in favor of this one. Nuff said.
Thanx for the helpful answer.
Imperial Whazoo
Sorry. Message unclear. Also what? And, who ys Shakerzz?
Imperial Whazoo
I wish I'd seen the Playstar thing earlier.
Today's action is a nice piercing line formation. Nice little trade ya got there.
Imperial Whazoo
I don't think these guys (the Toronto money venture cap guys, that is) have any intention of taking a single cent of loss.
They are building as the deals come in. Their goal has to be to build something (or things) they can sell off at a hefty profit. I'm just along for the ride.
Imperial Whazoo
Thanx man,
I'm a Texas A & M Aggie. Sad thing we did to poor ole "small t little u", wasn't it? And at Austin, no less.
Also, I am into the Dallas Mavericks. Guess who just might have a little agenda as regards payback this season?
Imperial Whazoo
Cool & thanx.
I'm watching SPZI, Q, AW, ALA this morning.
Put a money flow up on SPZI. Its a potential big mover, IMHO. Also, Q is strong, right out of the chute. Been watching it several days. Lots of accumulation as it made its recent downleg, and it is behaving like it wants to go on back up.
Imperial Whazoo
Wave, re Mammoth, -
I just went over to that site (your link). Real active little company in terms of drilling activity. Throw a money Flow indicator, an OBV, and an Accumulation/Distribution up and you might want to hold off. Its in need of a sign of strength, IMHO.
GLTY
Imperial Whazoo
I hope you folks don't mind my joining
the posting over here. I don't just trade pinkies & BBs. If its OK, then, I'll post on non-pinkies & non-BBs as often as not. Before starting out on the wrong foot, then, please let me know if this is counter to the template of this board.
Imperial Whazoo
Also, It has been demonstrated that RYLP is the money bags and thus has investment positions (money lent that is represented by ownership positions) in BIGN. To my knowledge, (and please correct me if I'm wrong) it has not been demonstrated that BIGN has positions in things RYLP is point man on. It is, to my knowledge, a one way street as regards who owns who. The reason this is important is that a PR by RYLP on property they have bought does not necessarily translate to a BIGN PR because of the who-owns-a-part-of-whom situation.
Now, given the theme that keeps showing up of BIGN and WWNG and TYEG and SBRX and RYLP all cross pollenating, owning a piece of this action over here and then sharing a piece of that action over there.... I wouldn't be at all surprised to discover shortly that one (or several) of these entities are also in this new New Mexico property. After all, as has been so adroitly pointed out, the BIGN PR did take care to mention that there was a plan to do this kind of thing in New Mexico. So, my bet is BIGN is in it, and/or that one (or several) of the others are. My point, perhaps too fine a point, was to try to answer the question about why BIGN had not PRed on this New Mexico property. RYLP is in BIGN but not necessarily the other way around. That could be why there is no PR as of yet. What I'm doing in this regard if I'm scanning the horizon with my binoculars for a PR from one of the related entities, including BIGN. If the pattern of the past crops up here, it is a slam dunk that somebody else is in this NM deal somewhere and somehow. It just may not be BIGN.
Regards etc...
Imperial Whazoo
Yeah baby - Me too!!
Always praying.
"Lord - make the field I plow fertile. Please don't let the seed I plant rot beneath the clods.
In Jesus name we pray.... AMEN!!"
Imperial Whazoo
Yeah - There I go again calling it a pinkie... My bad.
Imperial Whazoo
I think it might be helpful
for folks to look at the chart.
Beginning 9/25, there was a BAWC day (big ass white candle, for the uninitiated). It was not a remarkable high volume day, but it held up against all retracements that followed, so it is thus self evident that it was speaking loudly and that it deserved to be heard. What it said was that the decline was halted forthwith. And that’s what happened.
The volume of the pullback that followed was miniscule vs. the volume of the BAWC. Basically, a BAWC that holds and that is not retraced (c.55% pullback is all in this case) is confirmation of the message of the BAWC, especially given the piddly ass volume of the retracement. This was therefore a base building event. At this point, there was no strong move that declared an up trend, but there was a strong enough statement that should have been heard that declared that the downtrend was finished. Its like a gearshift. It went from reverse though neutral before shifting into a forward gear. Its as simple as that.
The confirmation that we were in fact looking at a new uptrend was the BAWC of 10/5. It is also true that a doji on extremely low volume on 10/4 presaged this. Dojis, like piercing lines and haramis, are trend reversal signals.
The 10/5 upsurge lasted two days. It was followed by a tepid pullback that declared in a loud voice that it was a weakling: the indicator that was its noun & verb in this case was a harami on 10/10. It was a classic harami. It foretold the next upsurge. It did not merely go "Ahem", like a butler clearing his throat. It elbowed you in the ribs and stomped on your toe. The inadequacy of the pullback was further highlighted by the low volume of that pullback.
There followed 3 BAWC days on solid volume. Two things were of note, however: (1) the volume on each day failed to attain that of its preceding day & (2) none of the three days had volume as high as the original BAWC day of 10/5. When the climax was announced by a long legged doji at the top on 10/17, since there had been 3 BAWC days with declining volumes each day, the chart announced that the climb had peaked for the moment. There followed the first decline in this timeframe that had any volume to it. However, the volume was not as high pulling back as it was going up. This always means that the pullback will fail. Guess what? It did. Fail, that is.
Next there was a retest of the top, but the climb was on inadequate volume and it only succeeded in retesting the prior top (10/25).
Since this 10/25 retest, there has been a steady price decline, but the volumes as this retrace happened (10/26 - 11/20) were way below those of the upmove (10/5 - 10/16). If there is high volume in a pullback, people are bailing. If there is a pullback but the volume is not there, then people are not bailing. What happened in this case? People held. They did not bail.
Now the appropriate question is this: did the people who held simply mistakenly miss their sell point or is there evidence in the chart that buyers are returning?
Lets answer that: What happened on 11/20? There was a classic hammer formation. Why is this Japanese candlestick candle called a hammer? Becasue the stock is said to be hammering out a bottom. Take a gander at the volume on 11/20 and go left on your charts and compare it to the corresponding volume level of the upmove days in the same price range (10/5 & 10/12). The volume on 11/20 was the highest volume in the downmove but it was far from even coming close to the volume of the two updays it spanned in price. In fact, what happened here is graphically depicted by the long wick of the hammer: this was a selling climax. The sellers tried to muscle the price to a low that would have traversed 90% of the body of the 10/5 BAWC candle body. They failed miserably. The chart spoke a plain sentence: the pullback was over.
Now, it is one thing for the decline to end. It is another for a new uptrend to begin. The next 4 trading days (11/21 - 11/27) were extremely low volume. The price action was sideways. Today, we have a candle that reached a higher high on on markedly higher volume. In my opinion, this is the first day of the next upleg. The hammer hammered out a bottom and, sure as shooting, today we got confirmation and, IMO, a prediction that up is the next prevailing price direction for this little pinkie stock. Today was a good day for going long, IMHO.
And, if you aren't convinced by my analysis above, throw the following indicators up on you charting package: MnyFlw & AcmDst. Now, heres what I see. Tell me if I'm wrong. Starting 10/5, money flowed in bigtime to this stock. Starting 10/5 it was accumulated and it did not get distributed on the pullback. Ask yourself this question: if smart money is putting money into this stock and is not pulling it out, what does that say smart money thinks about the prospects of the EC being a worthy innovation?
Anybody who thinks that I'm wrong is welcome to call me any name in the book. I don't care. I don't care whether Craig is a liar. I don't think he is, but as regards my investment decisions, I don't care. I don't care if aliens from the planet Zargon beam our cuddly board screamer to their spaceship, where they surgically insert a brain in her pretty little head. I don't care. I do think that even the most advanced aliens will discover that its just not possible to surgically implant gonads in her, though. Some things are impossible even for aliens from the planet Zargon.
As for me, though, I'll watch the price volume action each and every day and I'll study constantly to try to improve on what I presently understand. One other thought, though: what difference does it make whether an argument is "won" and a "point" proven to someone you wouldn't even know if you passed them on the street? This is about making money. IHDR (John) sold his shares and repositioned his $$ into Strat Petroleum where, if he has sold, he made at least 100% return. Was our cuddly screamer smarter or did IHDR prove he was smarter than everyone who wasted their time arguing? Kudos IHDR. Bravo!
IMHO, folks should quit paying attention to the screaming of the screamer on this board who keeps telling us that this is a corrupt and lying company. If this recent chart history tells you anything at all it should be instructing you that it simply doesn't matter at the present time whether these people are honest and whether this device works. Smart money is not bailing. The money flow is in and not out. The stock is being accumulated and not distributed. It doesn't matter whether Craig is some vulgarity decent people don't ever say, even in private. What matters is, to judge by the charts, this stock is being accumulated, and the only reason a stock is steadily being accumulated is that somebody with sufficient resources is a believer in the story behind this stock. Reality is often unknowable in pinkieland, but perception is plain and obvious if you quit being distracted by the howls of the wind through the ear sockets of the empty minded and the hate hearted.
I hope the subject matter that has come to predominate on this board will change in the future. I'm rather weary of all this senseless arguing.
From the outer bands of a far galaxy very much like our own... from the verdant forests of the planet Zargon...
Best Regards, Imperial Whazoo
OT (Sort of): Check out kitco this AM.
http://www.kitco.com/charts/popup/au24hr3day.html
I have it as a regularly open window on my daily desktop and I can't remember it being so violently volatile.
Imperial Whazoo
fratboy -
I posted yesterday about the chart showing support here. Yesterday, I posted that the piercing line signaled the end of the former trend. Did we get confirmation of the indicator pattern or not today?
Today, the stock sufferd a seller or two but ask yourself this question: did the seller succeed in making the stock price stay down or was it ultimately unfazed by the attempt to drive it down? To be exact, 1.19 million shares were dumped suddenly at 1:25 PM. As of this moment, that single transaction accounted for 63% of today's volume. On the face of it, it sounds bad. But was it? What actual price action was there? The seller was willing to sell from .0135 all the way down to .012. Assuming .0135 as your denominator, then the seller was willing to sell, even though his ending price was 11% below the start price of his selling. Thats a pretty msjor event... 63% of the volume for the day and a seller so determined to sell that he took a progressively higher loss even as he sold. But, did buyers immediately drive it back up? The answer is a resounding Yes. It emerged from the swoon unfazed. And it did so almost immediately, too. It was back up at its former level in 25 minutes. Conclusion? BIGN had the strength to resist a good sized seller and to recover almost immediately.
Thats the point: there was a seller (or maybe two) who decided to bail but were there immediately buyers... buyers, by the way, who not only were willing to buy it at the lower levels, but who demonstrated a willingness to buy it even though, to do so, they had to pay a higher price as the minutes ticked by. So, was this or was it not further evidence that accumulation is going on? If the seller was willing to take .012 but it immediately snapped back to its previous level, did the sellers win the day or did sellers fail to prevail in pushing it down? Where was support?.012? .0125? .013? .0135?
If the price had fallen with this trade and stayed below the open, wouldn't it have been fair to say that the price went down on volume? After all, upon completion of the 1.19 million share sale, 63% of the volume up to that point in the day was down volume, wasn't it? The headline would have justifiably read "Sellers push down BIGN on high selling volume". Instead, the headline reads "Sellers fail to push down BIGN".
Yesterday, I mentioned the formation was a piercing line. A piercing line is a sign of strength. Not strength that will manifest itself in a muscular move up necessarily. It is a reversal formation. It also does not stand alone. It requires confirmation. Ask yourself this question: If the piercing line was a sign of enough strength for the prior trend to be retarded (if not halted), were todays sellers able to demonstrate the opposite by both forcing the price down and holding it down? The answer is, of course, no. The piercing line was a sign of strength that was tested by a pretty muscular attempt to overcome it, and it held. BIGN held support and closed at .0135, up 11% from the low of the day where it also experienced the most volume. It held. Strength.
We are not out of the woods, but the price action today confirms the prior day's piercing line. We have not received the signal that is evidence of a new uptrend. We've seen evidence of the end of the prior trend, and evidence of support, even strength, at these levels. Every day is a new day in pinkyland, but today was good if you are a long. Tomorrow is another day, and we'll watch it and see what the price/volume action tells us. If something happens tomorrow and it breaks support, then so be it. Today, something happened and it held support. Tomorrow... who knows. After all, its pinkieland.
Regards etcetera...
Imperial Whazoo
Thank you very much. Regards etcetera
Imperial Whazoo
Another support for the theory
that the near term will be up is the fact that the last two candles constitute a "Piercing Pattern". Two details detract. (1) the piercing is a reversal pattern. In that the present trend is a consolidation, the piercing may not apply. (2) the piercing needs to close above the 50% line of the prior day's black candle, which is not the case here because it actually closed exactly at the 50% line of the prior day's black candle body.
Frankly, I'm of the opinion it is a piercing, but you can make up your own minds.
ImperialWhazoo
Well, for one thing, after I read that post about the CMF indicator, I went to my AIQ & jacked around with it and came up with confirmation of what that post said.
Since AIQ is not a web browser product, I don't know how to cut-n-paste the BMP of the charts I have on screen. As a matter of fact, I just gave up trying to post it because it appears to be too involved and I have to get ready to trade tomorrow. If I have time tonight, I can return to it and figure out how to post a BMP chart that confirms what that CMF post said.
One thing I'll do right now is try to describe it verbally... a picture is worth a thousand words, I know, but I'm late getting ready for tomorrow.
On 8/15, there was what I call a BABC (Big Ass Black Candle) which was a down day. The next day, there was a bullish engulfing that was quite pronounced. I threw the AcmDis & the MnyFlw indicators up after reading the post about the CMF and I was quite impressed by how clear the divergence was. Since that day and its bullish engulfing, there is a distinct up angle to both AcmDis & MnyFlw while the price chart itself has been in a decline. There is an obvious divergence. So, that was what impressed me enough to confirm what that post said: there appears to be accumulation going on all throughout this timeframe. Thats what my charts appear to depict. Now, generally, when you have a divergence as pronounced as this one, it reaches a point where it breaks the divergence. Price can thus turn and go up or the AcmDis & CMF & MnyFlw can break their trends and turn down. Anyway, divergences are always temporary. Something has to give, and as its been in place a while now, it becomes statistically more likely to happen as each day passes with the divergence in place.
Now, which is it going to be? If the chart is to be believed, the bottom was 10/18, since which time it has been consolidating, the decline having stopped. So, in that it appears that good news is soon to be upon us and given the continued flow in but not out and given the turn from declining to consolidating, I tend to agree that there is a pretty good chance the worst is over. But, bear in mind, this is pinkieland and in pinkieland... well, its just a high risk kind of place. Make your own mind up. I've made today's analysis for myself, and its as stated above. I'll watch it each day and reevaluate on an ongoing basis. My eye will be on volume, but you decide what you think for yourself.
So, thats the best I can do to explain my reasoning, such as it is. Just my opinion.... just trying to let the chart tell its story.
GLTY
Imperial Whazoo
Charts tell the story. Or as spiras put it last week.... "wakey wakey"!!!
Watch the relationship between volume & price. Sombody always knows something ahead of time. Always. And money flowing in but not out.... you complete the sentance.
Imperial Whazoo
If you are calling them, feel them out as to whether they will let you have the PDF so you can post a link to it on the iBox. It is my thought that the prospectus / "deal description" / red herring... whatever from it takes is very important to get a detailed description of. So, please see to it that they get a heads up of the interest folks out here have of the importance of it being made available.
Imperial Whazoo
I agree wave. Solid body of thought there buddy. Well thought out.
Imperial Whazoo
And, whether it would be wise. I mean, we all have families and all families have people in them with troubled pasts. Is it necessarily the right thing to push "raw truth" out into the spotlight, or is it wiser to let decent people work toward reasonable goals.
I am not in favor of what joeB is proposing. In my opinion, BIGN and the rest of these companies have not screwed us, despite all the screams of agony that often get voiced on this board, and the decisions Lancaster has been making are proving themselves to be far better than people thought and I actually think such a move would play right into the hands of lurking bashers who spread trouble while always calling it DD. As near as we are to this hand playing itself out under the steerage of Lancaster, I say step back, take a deep breath, and deliberately avoid doing something that creates more trouble than is necessary.
Imperial Whazoo
Thanx spiras. Couldn't agree more,
I've something to add but I have to step out. Later then, probably tomorrow evening my time (you'll thus likely be asleep, so, GLTY for Monday AM).
Best regards
Imperial Whazoo
In thinking about the impending name change,
I happened upon this message from another board concerning the trouble that can happen when a name change gets screwed up bigtime. Apparently, the situation the message concerns is not ordinary, but it will make you stop and think.
Something to think about. Also,has anybody been thru anything like this? It won't happen with BIGN... or?!?! Just a heads up.
So, to see a name change situation gone way bad, check this out:
http://www.investorshub.com/boards/read_msg.asp?message_id=15054336
ImperialWhazoo
Excellent wave, and thanx!!
I presumed it was obvious what a land bank was but you have done the excellent thing of finding actual clear examples. It is as I presumed. You have done the board proud.
Excellent!!
Oh, and after a moment I realized something else: your example is with Royalty interest, not WI (or so it appears). It is always bantied about that ownership is WI (as regards land bank, that is). In this case, it appears to be RI. The implications of this as applied to BIGN are that in the E. Texas deal, it is thus possible that RI or ORI is being used to make the deal "no debt". It is lookin' good, IMHO!!. These guys, despite what everybody has been throwing at them, do not appear to have been behind the door when the brains were passed out.
Imperial Whazoo
PS: I still wish you'd give your bouncey gal a reprise!!
Thanx a great deal for your excellent post.
I am unclear about some of your post, though. What do you mean when you say that "it appeared initially not to be listed on the NASDAQ OTC´s although appearing there, this is ultimately unusual but not unheard of"? Being a busy broker, I'm sure you were in a hurry and may have garbled your typing, but as the sentance reads, it isn't clear. Would you help by revisiting that sentance to clarify it a bit? TIA.
The next point I don't get is the matter of not being able to contact the market makers. I suppose this is because it is not trading yet. Is my conclusion on target?
As I read further, another unclear matter showed up. What and where is the secondary market to which you refer?
Then, you noted that PDFs are in existence. Now thats the ticket! Could you post contact info and/or web site info so folks can contact the "various companies who are promoting this" and from whom, presumably, we could get the PDFs? TIA big time, sir.
In the meantime, do you happen to know if Royal owns WIs or PPs or ORIs or a RIs or what? What do you know about their ownership, generally? I am interested specificly about whether other entities own parts, given that Royal is the finance arm of this group and Tyche is the land bank and that there is a pattern of behavior where each of the several entities (WWNG, BIGN, TYEG, RYLP) takes a position in properties. So, is it spelled out anywhere what is owned and by whom?
Thanx very much. Your observation that this looks like a larger version of BIGN is quite interesting, by the way. Well done.
Thanx in advance for elaborating further on your post. I would not be bothering you if it were not unclear to me. Probably just my bad, but I did not understand so I thought it important to ask.
GLTY
Imperial Whazoo
Well, good morning etcetera...
OT: I think a glance at http://www.kitco.com/charts/popup/au24hr3day.html is in order.
Imperial Whazoo
Now Billiam - That is a REAL blessing, man. A real blessing indead!!
Imperial Whazoo
And now for something entirely different...
Any thoughts on ZVUE & ZVUEW?
Imperial Whazoo
Well, couldn't push back from the table: Look at F & TASR for tomorrow.
Imperial Whazoo
One more for the road... LWSN
This is a pretty cool one. I like the Harami & the 100% retrace of the move but it was not all that low volume a pullback. thats my only doubt. If it was generally a negative chart, it would cause me pause, but it is not a down trend chart. It is right about the right distance above the 50 day MA, which is one steady climbing MA, I'll note that!
And, it takes only a .11 cent move to 7.82 to get 1.33% out of it.
Its on my list for the next few days, in any event. Watching the vols for a sign of strength.
Imperial Whazoo
COMS... Another decline halting doji, or not?
Onto my watch list it goes. As id the usual for me, I'll be watching for volume data to clue me in to the timing of an entrance.
Imperial Whazoo