Banking $$$$$$
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Earnings coming not to far away, will see the dollars move by then, catch ya in a while.
Thanks Bo, bags are packed!
Just made a new HOD after 10;30 usually consider that bullish sign.
Just as i wrote that it jumped .20+ maybe i shouldn't leave.=]
Yep so far, but the day isn't halfway done. Open and close is what matters in the candlesticks and in renko.
going away for a little vacay Mr bigs, lets keep track of that one as an example.
Be well man and thanks.
Guys/Gals I'm going vacation will try to check in, when i can.
Goodluck everyone
Keep your eyes smallcap play
Bnpd might go to penny land on launch drink
Got only a 1000 shares left of cmos, wish i didnt sell the rest.
Merger news today
Yes becareful you don't mis going long on this insurer. Long term no brainer.
Hey check out oil $wtic interesting to see your anlaysis both renko and candle.
By my indicators and patterns were kind of on a pivot point and mon session should determine the fate. Negative day on mon for oil, wouldnt doubt to see 120 as next support. Down tomorrow macd rsi adx etc will be screaming bear for oil. The way i see it.
Thanks, volume is average its normal, were dealing with a tiny os and 7 mil float here, the candlestick chart of this looks far more bullish then its current renko counterpart. Interesting to see as stock finishes up tomorrow what renko does.
The Saudis say they will do more, and Since demand is coming down because of high price, simple supply and demand rule. Oil should come down, world consumption is around 90 mil that 700k increase is more then a drop in the bucket. They have stated they will continue to pump even more and keep adding to production. The kuwaities echo ing the same.
Now is your target on oil based on Mon or longer? Though we disagree, we are all teachers and i always keep a open mind.
Kuwaiti Oil Minister Mohammed al-Olaim said OPEC members "will not hesitate" to increase production if the market needs it.
Also Kuwait=]
http://news.yahoo.com/s/afp/20080622/bs_afp/saudioilsummit_080622193702
Thanks Mr bigz, the daily vs the 15 min is two different stories. The daily isn't giving a buy sign yet is that correct. The candle stick chart is there, but renko needs one brick white, before considered a buy.
Hey could you go here and give me a annotated chart of SSBX adx macd
for ssbx and also include renko chart.
thanks man
http://investorshub.advfn.com/boards/board.aspx?board_id=12634
That +d cross coming over -d while adx is around 20 is one of the strongest indicators that a trend reversal up is about to happen. Always have to use more then on indicator the rsi and macd also seem to suggest a power move coming.
Hey wanted to show this chart, on how adx and macd are about to cross, combined with Rsi one sweet chart forming. Anyone who has a premium account at stock charts you think you can annotate and circle these indicators.
thanks
None of the above is intended as Investment advice.I can't guarantee that all information is gathered from a accurate source.I may buy or sell any stock without prior notice.You are responsible for your own trades.#board-12634
RightyO I'm person marking the hell out of you guys. Learning New things is FUN.
weeeeeeeeeeee LAMAO
So soapy say i was using ABK as an example, my point value would be .306?
Never mind i see my answers in the ibox good thing its there. What trading platform do you use that gives you option of having 5 min renko charts real time?
Thanks chain, nice pooch.
if you see anything you like please post it here, give our gang the first crack at it.
How much variance is associated with period? Ie Using a year vs 6month chart?
What settings do you use for stocks with a 5 10 40 etc price?
What setting should i use?
There are two ways to specify the Brick Size for a Renko chart: Absolute Points and Average True Range (ATR). In addition, you can specify whether closing prices or high/low prices are used.
Absolute Points
With the "Absolute Points" method, you specify the size of each brick on the chart in points. The advantage of this method is that it is very easy to understand and predict when new bricks will appear. The disadvantage is that the point value needs to be different for high priced stocks than for low priced stocks. Typically you will need to choose a value that is roughly 1/20th the average price of the stock during the time frame you want to chart. Common values include 1, 2, 4, and 10.
Important Note: The Default for the "Pts" method is currently 14 which is too large for most stocks. You'll need to change it to a smaller number to get a useful chart.
Average True Range
The "Average True Range (ATR)" method uses the value of the ATR indicator to determine the brick size. The ATR indicator is designed to ignore the normal volatility of a stock and thus it can "automatically" find good brick sizes regardless of the value or volatility of the stock selected. ATR with a value of 14 is the default value for Renko charts and should generate a very usable chart in most cases.
Yea i think they both will rebound huge going forward, just think abk better chances to do it sooner, and better value.
OT: ok you went with the tomb raider. My fav is the cutie with the m16 on that you tube vid.
Us Gdp better then expected see news and my post on Why Abk is better then Mbi and other insurers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30173859
Fumina Hara is such a knockout, shes going in the ibox. Hold that gun fumina.
Why Abk is better then Mbi and other insurers.
Unlike MBI, Abk acted quicker to position itself for recovery, and bad news is priced in and actually way oversold. The recent downgrade at Moodys was a mood point for abk, while it proposes another hurdle for MBI. Abk has all ready raised ample cash and has over 15 billion.
ABk said " Ambac said the downgrade wouldn't have a material impact on its GICs' collateral requirements."
While MBI said "MBIA said in a statement Friday that it will be required to post around $4.5 billion in collateral. The company also said it expects it will need $2.9 billion to satisfy potential termination payments under the GICs."
In conclusion Abk is the better play, and will recover much quicker.
http://online.wsj.com/article/SB121400959257893809.html?mod=yahoo_hs&ru=yahoo
MBIA, Ambac Plans Threatened
Insurers to Proceed
With New Units
Amid Downgrades
By LAVONNE KUYKENDALL
June 21, 2008; Page B2
Plans by struggling bond insurers MBIA Inc. and Ambac Financial Group Inc. for a fresh start may be squelched by sharp, new ratings downgrades by Moody's Investors Service.
MBIA and Ambac recently launched subsidiaries to step in as new triple-A-rated public finance insurers. The moves had quickly followed ratings agency Standard & Poor's decision to strip its triple-A credit ratings from the bond insurers earlier this month.
But those plans were threatened Thursday evening when Moody's downgraded credit ratings for the two bond insurers even more severely -- to A2 for Moody's, and Aa3 for Ambac.
Both insurers said they would move forward anyway, but they may face difficulty getting top credit ratings for the new units. A top-notch, triple-A rating is considered a necessity to do business insuring municipal bonds.
Moody's said a factor in MBIA's downgrade was its diversion of $900 million in capital to the new unit, rather than using it to reinforce its existing bond insurer.
Jack Dorer, managing director of Moody's financial institutions group, said the diversion of capital will be a factor in evaluating the new entity. "We would consider a whole host of factors including the financial strength of other entities within the group."
Moody's also expressed concerns about Ambac's plan to move excess capital to its currently unused bond-insurer subsidiary, Connie Lee.
Customers have lately shunned MBIA and Ambac amid the uncertainty over the insurers' ultimate subprime losses.
"We are moving forward with our transformation plan, which we will pursue in conjunction with the New York State Insurance Department," said Jay Brown, MBIA chairman and chief executive, in the Thursday statement. Ambac said the downgrade wouldn't impair its "ability to proceed with its plans related to the capitalization of Connie Lee Insurance Company."
The downgrade triggered collateral calls on some of the insurers' guaranteed investment contracts, or investments that promise to guarantee principal and an interest rate. MBIA said in a statement Friday that it will be required to post around $4.5 billion in collateral. The company also said it expects it will need $2.9 billion to satisfy potential termination payments under the GICs. Ambac said the downgrade wouldn't have a material impact on its GICs' collateral requirements.
In 4 p.m. New York Stock Exchange composite trading, MBIA's stock fell 86 cents, or 13%, to $5.59, while Ambac rose two cents to $2.05. In the past 52 weeks, shares of Ambac traded as high as $88.65, and shares of MBIA as high as $68.98.
Write to Lavonne Kuykendall at lavonne.kuykendall@dowjones.com
Remember every great Bull market in history has started with Pessimism.!
3.1 trillion + on the sidelines, when that comes back as people see recovery, market will begin the bull again.
None of the above is intended as Investment advice.I can't guarantee that all information is gathered from a accurate source.I may buy or sell any stock without prior notice.You are responsible for your own trades.#board-12634
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Quote: The Invisible Hand = that each individual maximizing revenue for himself maximizes the total revenue of society as a whole, as this is identical with the sum total of individual revenues. source: wilkepedia
Thanks bubbles
Hey hinch thanks for the link, great news! Person mark added!
I know this a lagging indicator, and we are not trying to get bottoms, but it seems by the time you go for the second brick, price could be up very significantly?
Ok guys, Lets get a simple fact sheet together for buy and sell signs using Renko? Im assuming all other technical indicators work and we are just concentrating on the bricks in addition to other technicals as well? Instead of my candlesticks, now i have bricks, sounds much heavier lol.
Bolinger bands still work the same way?
How can we confirmation to buy on the first brick?
Heres Uncle Ron -Weak dollar Inflation is root cause of high oil, so with a rate hike and better then expected us gdp growth we might have one of the best opportunities to go long on the market.
Ron Paul on $100 Oil and the Root Cause
Duh i found it thanks
A hero for the constitution, New Fisa bill is another measure that most of congress is selling us out on. There are a few braves souls who are fighting for our rights.
Dennis Kucinich Arguing Against Changes to FISA
Hey thanks where do i find a renko chart?