self control and discipline will make you $$$!
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PLUG..9.54...This 2 year chart does look like a cup with handle.
http://stockcharts.com/def/servlet/SC.web?c=PLUG,uu[m,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,...
The point of True Breakout will be at 10.75 and then this one could move over $20 down the road on sector momentum imho. Time will always tell.
Knock Knock Joke 4 U.....
Knock Knock!
Whose there?
Interrupting COW....
Interupu......
(as the person starts to say "interrupting cow who", you break in and loudly say.......
Moooooooooooooooooooooooo!!!!!!!!
LOL
Rate Hike Fears are irrational imo......
even if rates are moved up bit by bit due to inflationary concernes, I believe it could take a year or more before any effect should be seen in the market (and that is with successive monthly rate hikes).
Rates are so low now, how many hikes and how long would it take to raise rates to 6%, a quarter or half a point at a time.
It took over 6 months for the rate hikes in 1999 to show up in the market after successive hikes and we were starting from a much higher level at that time (rate wise).
Actually, I don't think the economy or market is on sound enough footing to warrant ANY hike as yet imho.
The market is telling the Fed this exact thing at this time imo.
We need to get on very sound economic footing before any hike should be considered. The job market still STINKS to high heaven too, not to mention the fed. deficit! imho. :)
LOOK gaining momentum here. Chart is saying a big ramp is coming soon in next few days imho. LOOK out! LOL
http://stockcharts.com/def/servlet/SC.web?c=look
LOOK holding up very well today imo. Watch today's candlestick, if it holds a hammer formation today, the stock is wanting to move up higher in coming days imho. Good Luck!
How do you define success at your AGE???
At age 4 success is . . . .not peeing in your pants.
At age 12 success is . . . having friends.
At age 16 success is . . . having a drivers license.
At age 20 success is . . . going all the way.
At age 35 success is . . . having money.
At age 50 success is...... having money.
At age 60 success is . . . going all the way.
At age 70 success is . . . having a drivers license.
At age 75 success is . . . having friends.
At age 80 success is . . . not peeing in your pants.
what stage are you at? LOL
LOOK retrace this afternoon to 2.32. That is YTD high. Next move up from here should be very nice gap filler imho.
AVAN..2.47...Chart....
http://stockcharts.com/def/servlet/SC.web?c=avan
could trend up. time will tell.
Happy Easter Greeting to the board. Turn up volume.......
http://www.debsfunpages.com/easterswf/rapeasterbunny.swf
(takes a minute to download). Have a Great weekend!
LOOK not only made a YTD high today but retraced back to it's neckline support this afternoon and is on the way back up. The coming days should be nice imo. Good Luck!
LOOK at the chart.......
Head and Shoulders Bottom (Reversal)
The head and shoulders bottom is sometimes referred to as an inverse head and shoulders. The pattern shares many common characteristics with its comparable partner, but relies more on volume patterns for confirmation.
As a major reversal pattern, the head and shoulders bottom forms after a downtrend, and its completion marks a change in trend. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width. The reaction highs in the middle of the pattern can be connected to form resistance, or a neckline.
The price action forming both head and shoulders top and head and shoulders bottom patterns remains roughly the same, but reversed. The role of volume marks the biggest difference between the two. Generally speaking, volume plays a larger role in bottom formations than top formations. While an increase in volume on the neckline breakout for a head and shoulders top is welcomed, it is absolutely required for a bottom. We will look at each part of the pattern individually, keeping volume in mind, and then put the parts together with some examples.
Prior Trend: It is important to establish the existence of a prior downtrend for this to be a reversal pattern. Without a prior downtrend to reverse, there cannot be a head and shoulders bottom formation.
Left Shoulder: While in a downtrend, the left shoulder forms a trough that marks a new reaction low in the current trend. After forming this trough, an advance ensues to complete the formation of the left shoulder (1). The high of the decline usually remains below any longer trendline, thus keeping the downtrend intact.
Head: From the high of the left shoulder, a decline begins that exceeds the previous low and forms the low point of the head. After making a bottom, the high of the subsequent advance forms the second point of the neckline (2). The high of the advance sometimes breaks a downtrend line, which calls into question the robustness of the downtrend.
Right Shoulder: The decline from the high of the head (neckline) begins to form the right shoulder. This low is always higher than the head and usually in line with the low of the left shoulder. While symmetry is preferred, sometimes the shoulders can be out of whack and the right shoulder will be higher, lower, wider or narrower. When the advance from the low of the right shoulder breaks the neckline, the head and shoulders reversal is complete.
Neckline: The neckline forms by connecting reaction highs 1 and 2. Reaction high 1 marks the end of the left shoulder and the beginning of the head. Reaction high 2 marks the end of the head and the beginning of the right shoulder. Depending on the relationship between the two reaction highs, the neckline can slope up, slope down or be horizontal. The slope of the neckline will affect the pattern's degree of bullishness: an upward slope is more bullish than downward slope.
Volume: While volume plays an important role in the head and shoulders top, it plays a crucial role in the head and shoulders bottom. Without the proper expansion of volume, the validity of any breakout becomes suspect. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing the absolute levels associated with each peak and trough.
Volume levels during the first half of the pattern are less important that in the second half. Volume on the decline of the left shoulder is usually pretty heavy and selling pressure quite intense. The intensity of selling can even continue during the decline that forms the low of the head. After this low, subsequent volume patterns should be watched carefully to look for expansion during the advances.
The advance from the low of the head should show and increase in volume and/or better indicator readings (e.g. CMF > 0 or strength in OBV). After the reaction high forms the second neckline point, the right shoulder's decline should be accompanied with light volume. It is normal to experience profit-taking after an advance. Volume analysis helps distinguish between normal profit-taking and heavy selling pressure. With light volume on the pullback, indicators like CMF and OBV should remain strong. The most important moment for volume occurs on the advance from the low of the right shoulder. For a breakout to be considered valid, there needs to be an expansion of volume on the advance and during the breakout.
Neckline Break: The head and shoulders pattern is not complete and the downtrend is not reversed until neckline resistance is broken. For a head and shoulders bottom, this must occur in a convincing manner with an expansion of volume.
Resistance turned support: Once resistance is broken, it is common for this same resistance level to turn into support. Often, the price will return to the resistance break and offer a second chance to buy.
Price Target: After breaking neckline resistance, the projected advance is found by measuring the distance from the neckline to the bottom of the head. This distance is then added to the neckline to reach a price target. Any price target should serve as a rough guide and other factors should be considered as well. These factors might include previous resistance levels, Fibonacci retracements or long-term moving averages.
LOOK has now broken it's Neck! Neckline that is of head and shoulders bottom chart pattern. The coming days should be very nice imo.
test.eom
LOOK..if 2.11 can be taken out tomorrow on sector momentum, 2.31 is very doable. If LOOK can time a PR off this momentum it will bust out to YTD high's...2.80-3.10. Good Luck!
LOOK rebounding nicely off 1.90 low today! EOM
EONC..2.81..up 20%..nice!EOM
LOOK consolidating at it's neckline here. This one should make a power move once it's neck is broken!
EONC..2.55.. moving today..up 9%. not bad!EOM
JMAR..3.42..up almost 70% from entry. Nice!EOM
EONC..2.33...
http://stockcharts.com/def/servlet/SC.web?c=EONC,uu[m,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,...
at support line and should trend up over time imho.
AOBO should be a major mover in 2004 imho. I will post much more on this little ditty when it gets on the AMEX exchange! Very nice undervalued Biotech. in China's huge market!
Profffitableee!
JMAR and DGIT both up big today! NICE! Bango!EOM
LOOK..just need a little Pay_tience here is all! Major Boomage is comin'!!
DGIT and SYNC..both excellent movers today! Nice!EOM
AT&T with a bit of VOIP news out AH today. EONC at 2.30 looks like a double bottom on the chart. Numbers look nice on EONC! Chart:
http://stockcharts.com/def/servlet/SC.web?c=EONC,uu[m,a]daclyyay[dc][pb50!b200][vc60][iUh14,3!Le12,2...
LOOK technical comment from the chart....
I strongly feel LOOK has to take out 1.75 before 1.85 can be reached. Once 1.85 is taken out, 1.95 must be attained before moving over 2.00. 2.50 is out of the question, unless 2.10, 2.20 and 2.30 are reached first!
Gooo LOOK!!!
this is only speculation after performing hours and hours of advanced technical research! LOL
Smile and World Smiles with you!
Tomorrow is friday, hope Everyone has a great weekend!!
AVAN..hehehehe! you see it today? eom
DGIT..1.08..could be the high volume washout day and bounce soon. We'll see!
AVAN up 17% today on news. not bad!
http://biz.yahoo.com/bw/040325/255275_1.html
hey, do i know you? who are you? aren't you the guy who eats dim sum all the time? thanks for the tip!
pp (patience pays)
I think any SYNC move that may be coming is all chart related. A V-shape bottom with what looks like a small head and shoulders bottom here. Target 4.50. Time will always tell the tale though. Chart:
http://stockcharts.com/def/servlet/SC.web?c=sync
NNPP..2.72..perfect 200 dma bounce..up 21% today. Nice! Last post on this one!
DGIT may be around $1.00 support today. This one on a steady downtrend of late. Chart:
http://stockcharts.com/def/servlet/SC.web?c=DGIT,uu[m,a]daclyyay[pb50!b200][vc60][iUh14,3!Ll14]&...
Yesterday's candle on LOOK may have formed a bullish piercing pattern. The only way to find out is through confirmation in the coming days. Time will always answer that question!
http://stockcharts.com/def/servlet/SC.web?c=LOOK,uu[m,a]daclyyay[da][pb50!b200][vc60][iUb14!La12,26,...
Is April 1st that MM Naked Short date? Is this even significant or is it just BS..? TIA!
SUNW..4.00 and SYNC..2.97..two to peek at in the coming days! Both could be priming for an UPmove.
Good Luck!
AVAN..2.22..Looks like a decent bottom imo. Bioterrorism talk may be forthcoming. Media Hoopla could move this one....Chart:
http://stockcharts.com/def/servlet/SC.web?c=AVAN,uu[m,a]daclyyay[dc][pb50!b200][vc60][iUh14,3!Ll14]&...
Nano: JMAR one to consider around 2.05 if it gets there...also NNPP at 2.03 level is right at it's 200 dma. Nanos!
If I remember correctly ELN moved up to over $3 in late 2002, then down to 2.15 the last day of the year and hit 4.95 at the end of January 2003 a month later. Maybe LOOK will do the same.
If I remember correctly ELN moved up to over $3 in late 2002, then down to 2.15 the last day of the year and hit 4.95 at the end of January 2003 a month later. Maybe LOOK will do the same.