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One more thing....
One of the reasons I post both the WEEKLY and MONTHY charts for you guys is so you can step back from micro-managing NEOM and see the very healthy and constructive action over a broad period of time.
It's still very early today....
Chartist1
Suggestion to Board:
Try to detach your emotions from the action on any stock you are invested in. Why, you ask? While we all know the old adage of "Buy low and sell high" you will surly not be in a mental state do act on such a fundamental concept IF your thinking of hanging yourself as a stock declines fairly rapidly. AND, on the flip side, when a stock rockets upward, you'll be swigging Dom and crowing your "genius move" when you should be selling.
Having said that, ignorance is NOT bliss in the stock market. The more you KNOW about the technicals and fundamentals of any stock you own, the more tools you have to keep your emotions as bay.
At home today in a Vicodin induced stupor from post root canal trauma.....
Chartist1
Everyone relax....
We have been open for only an hour and 40 minutes....
Chartist1
Vines....
Notice the volume on the MONTHLY CHART attached below.
See....
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]maclyyay[pb50!b200][vc60][iut!uc20!lh14,3][J...
Vines.....
That's a WEEKLY chart....it shows volume for the ENTIRE WEEK as well as price appreciation for the ENTIRE WEEK.
Trust me, they are correct.
Zacked.....
please, no comments about that.
Sorry, and thank you for understanding.
Chartist1
NEOM DAILY CHART UPDATE (FINAL TRY)
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
vines....
where did you get 9 million from?
I never said that.....
My charts are not annotating correctly tonight....I just found out why, but never mentioned 9 million.
Stockcharts automates volume etc....so I know it is right....I just make the annotations and dial in the time frames.
Chartist1
NEOM WEEKLY CHART (REFRESHED)
LOST Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
OT: Norske....
Are you in Wisconsin? "badger"
Trojan here....
Norske.....
Ohhhhhh, I will.
Right on!
Chartist1
Please remove posts.....
#37481 & #37485
Not annotating and I don't want confusion.
Thanks!
1st Daily Chart post working now, eom.
Re Charts: I give up! eom.
NEOM DAILY CHART UPDATE...
Not sure what happened to the last one.....
Very nice action today as anticipated!
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]gaclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
NEOM DAILY CHART UPDATE:
1) Recent action looks very healthy and more like a consolidation after the initial 2 day thrust.
2) Yesterday's gap filled today (see chart).
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
For the record.....
I am very bullish for the remainder of the week....
Daily chart still looks like a wound-up Roman candle that has only spite out one volley.
"IF" we do go higher I think it could be violent. No guarantee’s.
Not so grumpy Chartist1
Goodnight Rudolph.....
UPDATED WEEKLY CHART:
1) No volume to this rally yet (see chart).
2) Weekly Chaiken Money Flow bouncing back nicely.
3) all the primary indicators on this chart still look very healthy.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
vines3
I already took 2. I had a root canal today.
Goodnight....
beacon.....
you said it better than me.
Night all......
Chartist1
vines3....
Hey, someone needs to be the breakman for this runaway train.......just poking you.
I do notice that comments like, "This thing could be at 5 bucks overnight if Google is the 20% partner" gets met with......"Brilliant post".
Come on.
Grump, grump....
vines3 only....
that WAS the response I expected....but, hey, I was hopeful.
Just give it some thought on your own time. I speak from lots of experience....that includes many past mistakes that I diligently work to correct....always learning (aren't we all).
It has nothing to do with NEOM specifically, it's just good practice at all times.
As far as "getting it off my chest"...I would be just as content keeping in in my chest if it really bothered everyone. I don't have an itching need to say it.
You guys are waaaaaay ahead just by knowing about NEOM!
Ok, enough of that. Where's the party!
Chartist1
Sorry, double grummpy post eom.
Some of you guys are funny......
at the open "everyone was rich" and 3 hours later it was "sell on the news".....
LOTS of speculation and "what could be's".
While I to am enthusiastic (and I am), I would encourage some here to try and tune out the "noise" and watch what you see in the market action...not what you want to see. I can't stress how invaluable that ability is. Try it, ESPECIALLY during very optimistic times....it's priceless discipline. Priceless.
Again, I am very positive on NEOM, but a blind bias is not in anyone's best interest......never is.
Note: it is much harder to do in an all long chatroom.
Ok, back to your Champaign....
Chartist1
Some of you guys are funny......
at the open "everyone was rich" and 3 hours later it was "sell on the news".....
LOTS of speculation and "what could be's".
While I to am enthusiastic (and I am), I would encourage some here to try and tune out the "noise" and watch what you see in the market action...not what you want to see. I can't stress how invaluable that ability is. Try it, ESPECIALLY during very optimistic times....it's priceless discipline. Priceless.
Again, I am very positive on NEOM, but a blind bias is not in anyone's best interest......never is.
Note: it is much harder to do in an all long chatroom.
Ok, back to your champaign....
Chartist1
Glad you enjoy the charts....eom.
Side note: Go Trojans!
Note to board:
Can we agree to limit the groundless speculation about what "can" happen and continue to do more reporting of what is happening.
I am well aware that it is common faire on all boards to fan the flames of speculation, but let's continue to distinguish ourselves with a pinch of discipline.
I think we all know what CAN happen.
Grumpy Chartist1
NOTE ON WEEKLY CHART.....
I did not update my comments on the chart...a bit busy today.
1) The Chaiken Money Flow has moved higher again
2) We are now getting a delayed bounce after price held at support from 5 weeks ago
Chartist1
NEOM WEEKLY CHART - UPDATED
Same chart as before but refreshed for weekend viewing.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][J...
MONTHLY CUP & HANDLE CHART (REQUESTED)
Here you go....
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]maclyyay[pb50!b200][vc60][iut!uc20!lh14,3][J...
NEOM DAILY CHART - TREND CHANGE?
Note: VERY nice close today and it looks like the gap below will not get filled. After you have looked at charts for awhile you can "feel" the thrust of the 1st two white candles that began this rally....this looks like a pullback before a snap higher next week.....like a wound-up spring. This is just a hunch as I don't like to predict.
I loved today's action....have a great weekend.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[d20050323,20050923][pb50!b200][vc60...
Type in "Disney"...
then click on what comes up
Ring tones and all sorts of cool stuff.
Chartist1
NEOM DAILY CHART UPDATE:
The annotations in the chart cover everything tonight.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!uc20!la12,26,9...
Zaked.....all, slow down a bit.....
Try not to get obssesive with the gaps. We can have several "break-away gaps" that don't get filled...and they may all get filled. Note: We still have not filled yesterday's gap...and it may not get filled (hince breakaway gap). The bigger picture, however, is very good and we have a clear breakout above the 4-month downtrend line.
It's nice that you ARE reading everything and I do try to explain many aspects of the resent action.....but don't put all your vegas chips on one aspect of the analysis ;).
There is much time left in the day......sip some coffee watch for the action at the END of the trading day. Smart money ends the day.
Chartist1
Drmyke3......
The "crowd" is most definatelly not in NEOM now....
I was just soap-boxing with a general comment.
Nice to see you too.....
Chartist1
DAILY CHART: w/bollinger bands....
I thought this was worth showing (exlained in last post but did not show).
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200!d20,2][vc60][iut!ub14!la1...
NEOM DAILY CHART....
Some very nice things on the daily chart.
1) As noted in my annotations, the 50day sma is continuing to flatten out and stay above the rising 200day sma (slower to react signal because of longer time period). This run is likely to continue and that would turn the 50sma heading north again faster than the 200. That's good news.
2) "Break-away gap" today on rising volume.... we created a gap today that was not filled, but breakaway gaps often don't get filled as they are designed to leave you flat-footed at the station before you can put your money to work. Gap could still get filled, but I would be mildly surprised.
3) We ripped the lid off the upper bollinger band today (not shown) and price can still get to 60cents before we get to the weekly upper bollinger band.
4) I would think we still have at least one strong day up left before we see some consolidation. What you don't want to see is a gap up tomorrow and a close below today's high that leaves a red candle.....that patern marked the prior high at 74 cents.....not likely tomorrow. For consolidation in future days look for a LOWER open and a candle that is called an "inside-day"...meaning a red candle where the body of the candle is "inside" the body of the prior days positive white candle.....this is typical of healthy consolidation as technicals will need to "cool off" at some point before a run higher can resume.
5) Look at the MACD on the bottom of the attached Chart. Moving up nicely now....look what happened the last 2 times it moved up strongly.....
This "should" be a very nice week!
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
alexandre & board: t/a & general comment..
We are all learning every day.....
.....and you took my comments very well.
I spent a long time learning t/a behind the scenes, from many places, BEFORE I offered any viewpoint that could be remotely considered from a point of authority.
Your free to do whatever you want (of course), but when you and others practice t/a on a board during 'Real time' (from a viewpoint of authority) it makes it tough for the more practiced technicians to be taken seriously.
Note to board: Very exciting times indeed, but as hard as it may be, ALWAYS try to be in independent thinker with ANY stock issue.......learn all you can about what really makes things move if you are really serious about The Market, because the crowd is ALWAYS WRONG.
I learn something every day....
Have a great week!
Chartist1
alexandre....
No offense, but that is not technical analysis.
The 1st 3 points might pass for a pedestrian technical observation, but everyone can see that.
As for "shorts are trapped".....they have to catch-up?!?!?!?!
I see more and more every day why true T/A folks get a bad name.....everyone thinks they are one.
It took me a long time to understand T/A to the point where my contributions were worth another person's time.
Chartist1