Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RefusLey, Technical Compression can show up in several of the major indicators but my favorite two are %r and cci, that's why sometimes when i post one of my favorite chart templates they look like this...
http://stockcharts.com/def/servlet/SC.web?c=WBR,uu[w,a]declyyay[dc][pb13!b50!b200!d20,2!f][vc60][iUf....
Most people use the key elevations of -20 oversold and -80 overbought in %r. but using %r with cci for a compression tool i use the elevations of -40 and -60 instead.(for %r)
and most people use the key elevations of 100 overbought and -100 oversold on the CCI. I like to use the 75 line on the cci chart along with my secondary elevation of -60 on my %r.
If you look at the chart from about the 1st week of Sept till now, you will notice that once the %r crossed the overbought elevation of -80 it has never dropped lower then our secondary elevation of -60
And once the cci crossed its key elevation of 100 it has never dropped lower then the 75 line.
When those two indicators move up and down together between our secondary elevations without droping below them that's Compression.
ON the WBR daily chart now, if the %r drops below the -60 line and or the cci drops below the 75 line then it becomes a sell.
Until then it's a hold IMO.
If my expanation of this is too confusing for you or anyone else, you can e-mail me at capgain55@hotmail and I'll put you in touch with the person who has a book that explains Compression, Synchronicty and other important things in charts that most novice technicians don't know about.
cap.
Thanks Omni! eom.
Chipped, Remember when i kept bringing up WBR in the .40s and some people laughed when i said it was in technical compression?
http://stockcharts.com/def/servlet/SC.web?c=WBR,uu[w,a]declyyay[pb13!b50!b200!d20,2!f][vc60][iUf!Ub1...
Look who's laughing now LOL
cap. ;)
Thanks Chipped, I still like that chart though It's been a long time since i played a sub but, I'm adding more FXGP next week.
cap.
Omni...
Do you have time to check out post # 8842
TIA cap.
Omni, was wondering you help me out with something on your 50% rule, On this FXGP chart does the bottom wick from yesterdays candle count as breaking the 50% rule, Or is it just the body of the candle that counts? for some reason i have a good feeling about this old POS. I don't think it will be a sub penny in the near future JMO.
http://stockcharts.com/def/servlet/SC.web?c=FXGP,uu[w,a]declynay[db][pb10!d20,2][iUf!Ub14!La8,17,9!L...
TIA cap.
(OT)Good Morning Chipper! We're still waiting for the word from the ESA if the Easterns will be postponed, Ocracoke and Hatteras sure took the big hit. Glad you are high and dry!
http://www.surfesa.org/home/index.html
The storm has passed where's the update LOL!
I really have a feeling we won't be going this week.
cap.
T-4s ARTX is finally starting to break out...
http://stockcharts.com/def/servlet/SC.web?c=artx,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
Omni, ZKID looks real good IMO eom.
They took the direct hit there, I'm sure they were prepared for it.
cap.
Peace, Chipped probably lost power but, he was well south of the Eye (That's the weak side of the storm) But where his parents live took a direct hit, I'm sure they left that area though. The strongest part of the storm is where the Eye hits and north of the Eye.
cap.
UNFY, got this one from a friend, just throwing the chart out there, for you to make your OWN decision.
http://stockcharts.com/def/servlet/SC.web?c=UNFY,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
cap.
ICOA popped up on my scan...
don't know if anyone else has posted this yet but, here's the chart.
http://stockcharts.com/def/servlet/SC.web?c=ICOA,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
cap.
Chipped....
just want to clarify one thing in that post, I've never lost huge amounts of money trading(I always use stops) I'm trying to re build my account due to some un expected major bills.
cap. :)
Stay safe Chipped, Getting a little breezy here 25 to 35 We're only supposed to get 50 MPH here tomorrow. It's going to be a little different where you are LOL!
cap.
Buzz, will do! My mentor that i learned T/A from and a friend of his have a great system for the e minis, one likes to scalp trade them and the other likes to swing them. I'll be in touch.
cap.
Hogs, yes stac still lives and easy has a great T/A book of his own out now. We still have a private board to discuss all the hard work that Easy and others have put into T/A, Several of the stac pack have moved on to S&P 500 e minis, that's where the real money is IMO but, I'm only paper trading them at trhis time. Pennies are fun and profitable right now and that's good enough for me.
cap.
Hogs, I did not come over to this board to argue with you, all of STAC made good money with BIFS, why are you asking me what happend when we all know that JAY and AL are CROOKS? Lets let those days be over. too many great plays on this board to worry about what happened years ago!
cap.
(OT)Chipped, not much time to get ready for the storm, forget the stocks and take care of you and your family! IMO it will make landfall very close to you, that's not good. IMO Atlantic beach/Cedar island will take the direct hit. BE ready!
cap.
BIFS was my 1st stock, I bought after the split @.11 sold over 1.00 but after i sold it went to 2.25!
It happens LOL
cap.
MAGR upticking in PM... resistance at .10 then .15
(OT)Chipped...
you keep a close eye on that one. Right now it looks like it's going to pass to the north of here(if it turns like they say it will)
This tells me it hasn't turned yet!
http://hurricane.accuweather.com/adcbin/hurricane/satellite_large.asp?getarea=hatl&sattype=ir&am...
I dont trust the weather channel period.
Dktway, That ASTM chart looks really good, I think it's my favorite out of the 5.
cap.
5 Nasdaq charts from $1.00-$2.00...
for those who don't play OTCs
http://stockcharts.com/def/servlet/SC.web?c=AFOP,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
http://stockcharts.com/def/servlet/SC.web?c=astm,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
http://stockcharts.com/def/servlet/SC.web?c=glgs,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
http://stockcharts.com/def/servlet/SC.web?c=hska,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
http://stockcharts.com/def/servlet/SC.web?c=SOFO,uu[w,a]declyyay[dc][pb10!d20,2!f][vc60][iUf!Ub14!La...
OT:Chipped
It's not looking good for that area at all, Even if the storm hits below that area, they will still get a big surge.
They will need to move away from it!
cap.
Lucky, didn't know Omni had already mentioned it, darn i was hoping to find one 1st LOL
we'll keep looking.
cap.
Thanks chip, trying to learn these breakout scans ASAP! I need to rebuild my account!
Keep your eye on that storm, sometimes they don't turn near as much as they say!
cap.
Thanks chip, trying to learn these breakout scans ASAP! I need to rebuild my account!
Keep your eye on that storm, sometimes they don't turn near as much as they say!
cap.
Breakout play for Monday...
CDCOR
trying some scans and trying to contribute here.
http://stockcharts.com/def/servlet/SC.web?c=cdcor,uu[w,a]declyyay[pb13!b50!b200!d20,2!f][vc60][iUf!U...
cap.(on hurricane watch I've heard that it's going to turn crap before LOL)
Listen up!(that's my favorite Brig imitation LOL)
When MAGR breaks .10, the next resistance is .15, and the .15 resistance is not very strong IMO.
http://www.stockta.com/cgi-bin/analysis.pl?symb=MAGR&num1=1&cobrand=&mode=stock
cap.
LOL me don eom.
OT: Chipped Hurricane...
It's several days to early to tell what this storm will do, I've watched many of them from here in Surfside for over 22 years. I rode HUGO out 3 blocks from the beach.(it was no fun LOL)
Sometimes they turn sometimes they don't.
we'll know a lot more Mon or Tue on it's destination.
the longer it keeps moving west before the expected turn is not good for us IMO
cap.
Buzz...
I agree, and even though i like longer term Monk and Buzz plays in the $2.00 to $5.00 range, it doesn't even bother me there have been so many OTC plays lately, Most of them are breakout plays and people who know when to get out are doing very well here, the people who don't know when to get out need to learn IMO. I have played a few of the under .10 penny plays this week and have done fairly well.
great board.
cap.
NEOM unreal, was scared to buy that one last week LOL
Chipped MAGR shake over?
Anyone notice MAGR? eom.
OT Chipped...
Put this one on watch LOL! Looks like she's coming in, just don't know where yet. I'm supposed to leave for Hatteras 11 more days.
Note the windspeed...
http://hurricane.accuweather.com/adcbin/hurricane/storms.asp?ocean=atlantic&storm=Isabel
MAGR, check out how it bounced of the 10 EMA...
http://139.142.147.218/HistoricalChart_Image.dll?interval_min=5&cus=&indexSymbol=&securi...
cap