Feeding village children in Mindanao Philippines and watching my boy and girl grow up.
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And I stayed up for this.....
Well, if history is a guide, if "one" had bought the stock each time that the weekly (14) RSI had gotten in the .34 area they had been rewarded with much higher prices within weeks. I bought the stock at .022 to .029 because I felt the .015 area would hold and I figured I wouldn't get the bottom (thinking it would be .015). Man was I wrong. But now in the last two days I have discovered this channel that has been intact since 2003 and the bottom of that channel has been .25, .12, .08, .017 and now .005. When the stock tested the lower end of the channel the weekly (14) RSI was at .33, .32, .34, .34 and now .30 so there is more than one reason to believe that a bottom is here. But only time will tell.
I'm not asking for much today. Just a close above .0090 so I feel comfortable with the candlestick reversal signal.
I don't think anyone is offended, we're just frustrated. Good luck to you.
25 I don't know how old you are but if you are over 30 then you must have lived long enough to know that when a stock has gotten hammered as much as this stock has and there is a ray of hope as there was yesterday then you really are accomplishing nothing more than antagonism by posting negative comments.
If, on the other hand, you are attempting to buy the stock at a lower price and think your comments will get some of these who have weathered this stock getting hammered to sell their stock, then I understand your motivation completely.
I know what it's like to get inundated with negative comments when you post something people don't want to read. That happened to me over at "hurricane stocks" when I defended ECCI two days ago, saying I believed we were near a capitulation bottom. I was attacked for the comments and I can understand that.
But don't expect to be welcomed here by the battle weary holders of the stock that have, in some cases, watched the stock drop 90% in three months, with comments that you may believe are harmless but in actuality are grating.
You have been on R and R while out of the stock while some of us have been in the trenches getting shot at every day.
Ofcourse you can say what you wish. But do you really want to create such negative karma for yourself by stating what you think is the obvious.
I still believe we are at a bottom. The weekly RSI is at 30 (lowest in 4 years). We are at the bottom (.05) of the channel on the weekly three year chart as well as the daily four month chart.
I'll stick around for a while longer....
Well, don't know if I can stay up all night like last night so you may have to support it today.
A close above .009 is a buy signal.
HOUSTON - Hurricane Humberto crashed ashore along southeast Texas early Thursday, bringing heavy rains and maximum sustained winds of up to 80 mph as it made its way to Louisiana, the National Weather Service said.
The Category 1 storm made landfall about 5 miles east of High Island, near Sea Rim State Park, meteorologist Jim Sweeney said. The storm was expected to start weakening as it continued inland.
"It's a very compact storm," Sweeney said. The strongest winds are very close to the center of circulation. The hurricane force winds only go about 15 miles."
Power was knocked out for most of Beaumont as the storm blew through, said Michael White, Jefferson County's assistant emergency management coordinator.
"We're seeing winds at about 75 to 80 miles per hour," White said from the Emergency Operations Center in Beaumont, which lost power. Officials were forced to track the storm with laptops.
A hurricane warning was issued from east of High Island to Cameron, La. A tropical storm warning was in effect from east of Cameron to Intracoastal City, La. The storm was initially expected to strike as a tropical storm until it energized into a Category 1 hurricane after midnight.
At 5 a.m. EDT, the center of Humberto was about 60 miles northeast of Galveston and about 25 miles northeast of High Island Texas. It was moving toward the north-northeast near 8 mph.
The storm's rain bands were spreading over the coast and between 5 and 10 inches of rain were expected, with some spots possibly getting as much as 15 inches. But authorities said evacuations were not necessary.
The area expected to be hit the hardest is in the far southeast corner of Texas from Galveston Island eastward. It includes the Beaumont and Port Arthur areas.
Texas has had one of the wettest summers on record, with Houston soaked under the most rain it's had in a summer since 1942. With the ground already saturated, flooding was likely.
Gov. Rick Perry activated 50 military vehicles with 200 soldiers, plus a half-dozen helicopters and two swift-water rescue teams. Other crews from the U.S. Coast Guard were on standby.
"Some areas of our state remain saturated by summer floods, and many communities in this storm's projected path are at high risk of dangerous flash flooding," Perry said.
In Louisiana, Gov. Kathleen Blanco declared a state of emergency. Calcasieu and Vermilion parishes had shelters on standby. Vermilion also was making sandbags and sand available, said Mark Smith, a spokesman for the Governor's Office of Homeland Security and Emergency Preparedness.
The warning area included Louisiana's Cameron Parish, which was devastated by Hurricane Rita in September 2005. More than 500 federally issued travel trailers and mobile homes remain there.
Last month, at least six deaths were blamed on Tropical Storm Erin, which dropped nearly a foot of rain in parts of San Antonio, Houston and the Texas Hill Country.
In 2001, slow-moving Tropical Storm Allison soaked Houston, dumping about 20 inches of rain in eight hours. About two dozen people died, sections of the city were paralyzed and damage was estimated at roughly $5 billion.
"Parts of East Texas could be hit pretty hard," Houston Mayor Bill White said, noting that the east turn of the storm could reduce possible damage to Houston. "But you can't tell. Remember Allison. It just sat there instead of moving."
Humberto's arrival comes just days after Galveston last Saturday marked the 107th anniversary of the great 1900 storm where more than 6,000 people were killed in what remains the nation's deadliest natural disaster.
Humberto is the eighth named storm this year and formed from a depression that developed Wednesday morning. It became a Category One hurricane when winds reached above 74 mph.
Another tropical depression also formed Wednesday far in the open Atlantic, about 930 miles east of the Lesser Antilles. It had maximum sustained winds near 35 mph and was moving west-northwest at about 16 mph.
___
Associated Press writer Becky Bohrer in New Orleans contributed to this report.
___
HOUSTON - Hurricane Humberto crashed ashore along southeast Texas early Thursday, bringing heavy rains and maximum sustained winds of up to 80 mph as it made its way to Louisiana, the National Weather Service said.
The Category 1 storm made landfall about 5 miles east of High Island, near Sea Rim State Park, meteorologist Jim Sweeney said. The storm was expected to start weakening as it continued inland.
"It's a very compact storm," Sweeney said. The strongest winds are very close to the center of circulation. The hurricane force winds only go about 15 miles."
Power was knocked out for most of Beaumont as the storm blew through, said Michael White, Jefferson County's assistant emergency management coordinator.
"We're seeing winds at about 75 to 80 miles per hour," White said from the Emergency Operations Center in Beaumont, which lost power. Officials were forced to track the storm with laptops.
A hurricane warning was issued from east of High Island to Cameron, La. A tropical storm warning was in effect from east of Cameron to Intracoastal City, La. The storm was initially expected to strike as a tropical storm until it energized into a Category 1 hurricane after midnight.
At 5 a.m. EDT, the center of Humberto was about 60 miles northeast of Galveston and about 25 miles northeast of High Island Texas. It was moving toward the north-northeast near 8 mph.
The storm's rain bands were spreading over the coast and between 5 and 10 inches of rain were expected, with some spots possibly getting as much as 15 inches. But authorities said evacuations were not necessary.
The area expected to be hit the hardest is in the far southeast corner of Texas from Galveston Island eastward. It includes the Beaumont and Port Arthur areas.
Texas has had one of the wettest summers on record, with Houston soaked under the most rain it's had in a summer since 1942. With the ground already saturated, flooding was likely.
Gov. Rick Perry activated 50 military vehicles with 200 soldiers, plus a half-dozen helicopters and two swift-water rescue teams. Other crews from the U.S. Coast Guard were on standby.
"Some areas of our state remain saturated by summer floods, and many communities in this storm's projected path are at high risk of dangerous flash flooding," Perry said.
In Louisiana, Gov. Kathleen Blanco declared a state of emergency. Calcasieu and Vermilion parishes had shelters on standby. Vermilion also was making sandbags and sand available, said Mark Smith, a spokesman for the Governor's Office of Homeland Security and Emergency Preparedness.
The warning area included Louisiana's Cameron Parish, which was devastated by Hurricane Rita in September 2005. More than 500 federally issued travel trailers and mobile homes remain there.
Last month, at least six deaths were blamed on Tropical Storm Erin, which dropped nearly a foot of rain in parts of San Antonio, Houston and the Texas Hill Country.
In 2001, slow-moving Tropical Storm Allison soaked Houston, dumping about 20 inches of rain in eight hours. About two dozen people died, sections of the city were paralyzed and damage was estimated at roughly $5 billion.
"Parts of East Texas could be hit pretty hard," Houston Mayor Bill White said, noting that the east turn of the storm could reduce possible damage to Houston. "But you can't tell. Remember Allison. It just sat there instead of moving."
Humberto's arrival comes just days after Galveston last Saturday marked the 107th anniversary of the great 1900 storm where more than 6,000 people were killed in what remains the nation's deadliest natural disaster.
Humberto is the eighth named storm this year and formed from a depression that developed Wednesday morning. It became a Category One hurricane when winds reached above 74 mph.
Another tropical depression also formed Wednesday far in the open Atlantic, about 930 miles east of the Lesser Antilles. It had maximum sustained winds near 35 mph and was moving west-northwest at about 16 mph.
___
Associated Press writer Becky Bohrer in New Orleans contributed to this report.
___
As far as WFT goes. It is a fantastic chart. The point and figure chart has counts to 80 and I would use the $50 area (200 day ma) as the buying area.
But even with a stock like that, I would use stop orders. I don't know if you were investing in 1987 when the market crashed or if you were in the market in 1974, probably not, but the psychology changes in the marketplace.
I don't know why you have it in your mind that I am trying to talk ickyy out of DPDW and into ECCI. Far from it. Ickyy was in ECCI and bailed. I attempted to talk him back into the stock the other day at .06-.07 because I felt that the stock was making a capitualtion bottom (which I posted here).
DPDW and ECCI are two separate issues. I wouldn't want him to put his DPDW funds into ECCI and I don't see where I ever suggested that. I simply said that "I" would use a stop of the 20 week ma at .63 (weekly close) as a stop. I also said that the chart has shown (check it out yourself) that if this stock has closed below the middle band of the weekly Bollinger band that it has "historically" meant a change in direction. That was when the discussion started that it was a different company, etc.
Anyway, that's enough on this subject. This usually happens when I give my opinion so I will Private Message Ickyy or anyone else with my opinion rather than post it for public discourse.
I am not "anti-fundamentals" but I do know some professional technical analysts who are as they believe that by the time that the fundmentals have caught up with the chart it is old news. In other words the chart will break down way before any negative news comes out (as insiders and those in the know sell their stock)....the opposite is also true. A negative chart will turn positive long before the positive fundamentals start showing up in the balance sheet or news.
And by suggesting that a sub penny stock chart has bottomed at .005 and will probably go up 1000% this by no way suggests that I think anyone should sell all other positions and buy that stock. It only means just what I said. I think the stock had a capitualation bottom and will reverse. That's all.
I am not trying to lead anybody away from anything. I am simply giving my input on where I would use a stop order to protect my profits based strictly on "my" technical analysis. I can understand your zealous recommendation on the stock. I see these all the times. I have seen stocks with book value of $15.00 a share selling at $10.00 and people go "WHAT?" but it does happen. Speaking of book value DWDP has $10million negative book value. This is because of the preferred stock which made it jump from 0 book value to 10million negative book value. I am not saying this as a reason not to own DPDW I am only saying that the "real" value of a company is the value you can sell it for (assets less liabilities) or the tangible book value. So when I see a stock selling at 30% discount to what the break up value is I can say that it is truly selling at a discount. Anything other than that means absolutely nothing in the marketplace. In the 1970's stocks were selling at 4x earning and 1 x bookvalue on a regular basis. the Dow Jones was selling at 8 x earnings. Granted that was the worst recession in the history of the market (since the depression) but it CAN happen in the market. So when you talk about a company's revenues being up 145% that is wonderful but it doesn't mean anything by itself.
I don't want to come off here as being against DPDW as I am totally not. I have said several times that the stock's chart is attractive. To add to that the Accumulation/Distribution chart is very attractive. I am only suggesting that if I were in the stock or if a friend was in the stock I would use the 20 week moving average as my stop point (on a weekly closing basis).
So this is my philosophy and I as I said before, I usually keep my opinions to myself.
As for talking ickyy out of DPDW, I am not doing that, but when someone says they have 65% of their money in a position I feel compelled to give my safety net.
Tom
You're misunderstanding what I am saying. I am stating that it has been my experience that when a stock gets depressed. Cheap in the eyes of the insiders....and they buy the stock on the open market, that this has been a HUGE buy signal for me. A few years ago when GLW was at $1.00 and fiber optics was a nasty word, the CEO bought 1,000,000 on the open market at $1.00ish. I bought the stock and got out way too early. The stock went to $30. This is the kind of thing I like. I am not suggesting what DPDW is a bad thing. I am saying that I have been involved with companies that have awarded stock options and that I have bought the stock under the impression that the stock was PURCHASED. The results were not the same. I am only stating that the psychology of having insiders buy the stock because they think it is cheap is different than those being awarded stock. You may very well be right about DPDW, I am only saying that to me it would be that much better if they were paying for stock out of their own pocket because of the psychological message that sends to stockholders. OUR STOCK IS CHEAP AND I'M BUYING IT.
Well, that is a big positive, the insider ownership. Is this stock that they "bought" on the open market or shares that were awarded. It makes a big difference and I have gotten hurt by making the mistake of getting involved with companies that showed insider ownership only to find out that the insiders had been awarded stock or exercised options (only to sell). If they paid hard cash for the stock out of their own pocket then I will put that stock on my radar. If not then it is a red flag for me but as I said before, as long as the 20 week ma isn't broken on a weekly closing basis I think this chart looks good.
Actually I love it when fundamentals and technicals agree. One thing I look at (not in the pinkies but listed) is insider buying. If a company has insider buying and the chart is giving a buy signal of any kind I love it. Can't find too much of that in the pink world...the dreaded dungeon of dilution :(
No doubt manipulation is a play in pennies even more so than in the listed stocks. Can't get away from it. I just try and find a way of being "alerted" when a trend is changing. I usually keep my mouth shut on my opinions because I know there are some that don't believe in technical analysis at all and especially when applied to pinkies. But I believe technical analysis is a picture of psychology and can be used in any picture of human behavior. But I respect other's opinions and non-beliefs in all aspects of life.
But I will post my opinion when it is contrary and I think a "friend" is about to make a mistake based on greed or panic. That's why I posted my opinions the other day about ECCI when people were in a panic and selling. The jury is still out on ECCI, obviously, but looking a bit better.
Whenever anyone wants to tell me that they don't believe in my thoughts I don't take it personally. I have seen at least one poster ignore my comments and lose another 80% of his money (no names mentioned here) in a stock. That was his mistake and I'm sorry for him. But we all make our own decisions.
Ickyy you might want to heed the BUY IF alert I posted here from Americanbulls.com and get involved if one of the three scenarios holds true for tomorrow (today).
Well, TAKI, you can believe what you want, but I did warn you (APDR) at .05 that the stock was headed lower and you were bullish on it at that time. I mentioned that the weekly RSI wasn't oversold enough for me to take on a big position. But I make a point of not trying to convince someone there is a God if they are atheist nor do I try and convince someone of technical analysis if they don't believe. I believe technical analysis works in every aspect of psychology including the "Tulip Bubble". Good luck to you TAKI. I'm glad you didn't bail on ECCI.
I know. I have heard that before on other stocks. ERFW I was told not to look at the chart because it had been another company. The chart pattern stayed the same on the breakout above .22 just the same and ran to 1.50. The resistance levels from the "previous company" seemed to apply. Perhaps it is because enough technicians look at the same chart and it becomes a self fulfilling prophecy, I don't know. I just know that it has proven itself to me.
At any rate, I heed the middle band of the weekly Bollinger band on all stocks. I also heed when the 10 week ma turns below or above the 20 week as a signal. I just add these comments because I don't want to see Ickky get hurt on something he has all his eggs in.
Thanks.
ECCI BUY-IF alert hast been given:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22822793
You can make fun of technical analysis, TAKI. I am used to it, but I am sorry you didn't listen to me regarding APDR. It would have saved you some money.
Glad to see you are still in it TAKI. I was hoping you hadn't bailed yet.
Nice post. Who wrote that?
Yesterday we had a white "Marubozu" candlestick on the chart above. This means that the stock opened on the low of the day and closed on the high of the day. Regarding this "long white candlestick" or "Marubozu" that occured in the above chart. Here is a description of this type of candlestick:
Generally speaking, the longer the body is, the more intense the buying or selling pressure. Conversely, short candlesticks indicate little price movement and represent consolidation.
Long white candlesticks show strong buying pressure. The longer the white candlestick is, the further the close is above the open. This indicates that prices advanced significantly from open to close and buyers were aggressive. While long white candlesticks are generally bullish, much depends on their position within the broader technical picture. After extended declines, long white candlesticks can mark a potential turning point or support level. If buying gets too aggressive after a long advance, it can lead to excessive bullishness.
Long black candlesticks show strong selling pressure. The longer the black candlestick is, the further the close is below the open. This indicates that prices declined significantly from the open and sellers were aggressive. After a long advance, a long black candlestick can foreshadow a turning point or mark a future resistance level. After a long decline a long black candlestick can indicate panic or capitulation.
Even more potent long candlesticks are the Marubozu brothers, Black and White. Marubozu do not have upper or lower shadows and the high and low are represented by the open or close. A White Marubozu forms when the open equals the low and the close equals the high. This indicates that buyers controlled the price action from the first trade to the last trade. Black Marubozu form when the open equals the high and the close equals the low. This indicates that sellers controlled the price action from the first trade to the last trade
HOUSTON - Tropical Storm Humberto formed off the Texas coast Wednesday, promising to bring more rain and possibly flooding to a state coming off one of the wettest summers in more than 50 years.
Forecasters warned residents along a 220-mile stretch of coastline extending into southwestern Louisiana to brace for the storm, which was expected to slosh ashore south of Houston overnight Wednesday.
The storm's rain bands were spreading over the coast by Wednesday night. Between 5 and 10 inches of rain was expected, with some spots possibly getting as much as 15 inches. But authorities said evacuations were not necessary.
"This obviously isn't an evacuation event or hurricane," said John Simsen, emergency coordinator for Galveston County. "It's too close to be in a position where it's going to develop that much.
"However, it looks to be a prolonged rain event and some pretty substantial tropical storm-force winds."
Texas has had one of the wettest summers on record, with Houston soaked under the most rain it's had in a summer since 1942. With the ground already saturated, flooding was likely.
In Austin, Gov. Rick Perry activated 50 military vehicles with 200 soldiers, plus a half-dozen helicopters and two swift-water rescue teams. Other crews from the U.S. Coast Guard were on standby.
"Some areas of our state remain saturated by summer floods, and many communities in this storm's projected path are at high risk of dangerous flash flooding," Perry said.
Brazoria County Sheriff Charles Wagner said low-lying areas in his coastal county, which includes Freeport, could present problems for residents and "put water into a lot of houses." No evacuations, however, were recommended.
The warning area included Louisiana's Cameron Parish, which was devastated by Hurricane Rita in September 2005. More than 500 federally issued travel trailers and mobile homes remain occupied there, leaving officials concerned about new rainfall.
Gov. Kathleen Blanco declared a state of emergency as Humberto approached. Shelters were on standby in some areas, and sandbags and sand were being made available, officials said.
The storm's center was predicted to come ashore Wednesday night or early Thursday, in the far southeast corner of Texas. The region is generally a sparsely populated and lowland area right along the coast but also includes the Beaumont and Port Arthur areas.
Tropical storm warnings were posted from east of Sargent, Texas, to Intracoastal City, La.
At 11 p.m. EDT Wednesday, Humberto had sustained winds of nearly 65 mph — just 9 mph below hurricane force — and was centered about 25 miles south-southeast of Galveston, moving north-northeast at nearly 6 mph. It was expected to veer northeast into Louisiana on Thursday.
Last month, at least six deaths were blamed on Tropical Storm Erin, which dropped nearly a foot of rain in parts of San Antonio, Houston and the Texas Hill Country.
In 2001, slow-moving Tropical Storm Allison soaked Houston, dumping about 20 inches of rain in eight hours. Some two dozen people died, sections of the city were paralyzed and damage was estimated at some $5 billion.
Humberto's arrival comes just days after Galveston last Saturday marked the 107th anniversary of the great 1900 storm where more than 6,000 people were killed in what remains the nation's deadliest natural disaster.
Humberto is the eighth named storm this year and formed from a depression that developed Wednesday morning. A depression becomes a named tropical storm when its sustained winds reach 39 mph and a hurricane when winds reach 74 mph.
Another tropical depression also formed Wednesday far in the open Atlantic, about 1,065 miles east of the Lesser Antilles. It had maximum sustained winds near 35 mph and was moving west-northwest at about 12 mph.
Forecasters said it could become a tropical storm later Wednesday
HOUSTON - Tropical Storm Humberto formed off the Texas coast Wednesday, promising to bring more rain and possibly flooding to a state coming off one of the wettest summers in more than 50 years.
Forecasters warned residents along a 220-mile stretch of coastline extending into southwestern Louisiana to brace for the storm, which was expected to slosh ashore south of Houston overnight Wednesday.
The storm's rain bands were spreading over the coast by Wednesday night. Between 5 and 10 inches of rain was expected, with some spots possibly getting as much as 15 inches. But authorities said evacuations were not necessary.
"This obviously isn't an evacuation event or hurricane," said John Simsen, emergency coordinator for Galveston County. "It's too close to be in a position where it's going to develop that much.
"However, it looks to be a prolonged rain event and some pretty substantial tropical storm-force winds."
Texas has had one of the wettest summers on record, with Houston soaked under the most rain it's had in a summer since 1942. With the ground already saturated, flooding was likely.
In Austin, Gov. Rick Perry activated 50 military vehicles with 200 soldiers, plus a half-dozen helicopters and two swift-water rescue teams. Other crews from the U.S. Coast Guard were on standby.
"Some areas of our state remain saturated by summer floods, and many communities in this storm's projected path are at high risk of dangerous flash flooding," Perry said.
Brazoria County Sheriff Charles Wagner said low-lying areas in his coastal county, which includes Freeport, could present problems for residents and "put water into a lot of houses." No evacuations, however, were recommended.
The warning area included Louisiana's Cameron Parish, which was devastated by Hurricane Rita in September 2005. More than 500 federally issued travel trailers and mobile homes remain occupied there, leaving officials concerned about new rainfall.
Gov. Kathleen Blanco declared a state of emergency as Humberto approached. Shelters were on standby in some areas, and sandbags and sand were being made available, officials said.
The storm's center was predicted to come ashore Wednesday night or early Thursday, in the far southeast corner of Texas. The region is generally a sparsely populated and lowland area right along the coast but also includes the Beaumont and Port Arthur areas.
Tropical storm warnings were posted from east of Sargent, Texas, to Intracoastal City, La.
At 11 p.m. EDT Wednesday, Humberto had sustained winds of nearly 65 mph — just 9 mph below hurricane force — and was centered about 25 miles south-southeast of Galveston, moving north-northeast at nearly 6 mph. It was expected to veer northeast into Louisiana on Thursday.
Last month, at least six deaths were blamed on Tropical Storm Erin, which dropped nearly a foot of rain in parts of San Antonio, Houston and the Texas Hill Country.
In 2001, slow-moving Tropical Storm Allison soaked Houston, dumping about 20 inches of rain in eight hours. Some two dozen people died, sections of the city were paralyzed and damage was estimated at some $5 billion.
Humberto's arrival comes just days after Galveston last Saturday marked the 107th anniversary of the great 1900 storm where more than 6,000 people were killed in what remains the nation's deadliest natural disaster.
Humberto is the eighth named storm this year and formed from a depression that developed Wednesday morning. A depression becomes a named tropical storm when its sustained winds reach 39 mph and a hurricane when winds reach 74 mph.
Another tropical depression also formed Wednesday far in the open Atlantic, about 1,065 miles east of the Lesser Antilles. It had maximum sustained winds near 35 mph and was moving west-northwest at about 12 mph.
Forecasters said it could become a tropical storm later Wednesday
No it appears you missed the storm. It is hitting east of you.
Ickyy, the chart on DPDW doesn't look bad but I would be careful if .63 is broken on a weekly basis. If you pull up a weekly chart on DPDW you will see that the middle band of the weekly Bollinger band (20 week ma) has been a guide for this stock on the moves up and on the moves down. This last move it has bounced off it on every test and has not had a weekly close below it. When it has done it in the past this has proven to be a sign that the move is over and has provided resistance on any rally after that. If you look at the move down from 2004-2006 you will see that each rally attempt was stopped at either the 10 week ma (50 day) or the 20 week ma (middle band). Something to heed but in the interim if it holds above the 20 week ma it is looking good. glta.
dben, MOMO also posted the same thing at his page: It should get some attention tomorrow.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22817863&txt2find=ecci
Are you kidding. It's 3:43 in the morning here in Hong Kong. I am just waiting for this sucker to close so I can get some zzzzz.
It seems to make quick moves up off the weekly trendline. Did you notice that?
Even though I'm not in it and don't like the breakdown in the chart, I love the weekly 14 RSI at 30. I think you're right.
I think the MMs were the only ones to pick up those shares yesterday at .005. I missed it at .006 putting the order in after I saw it hit down there. So I can't imagine anyone having orders sitting there unless it was MMs.
I hear you. This one fooled me, I have to admit. I never thought it would get down to the bottom of that channel. But as I said before it has a definite channel and the upper end of it is at .05 and the RSI 14 weekly is more oversold than anytime in the last four years.
I am hoping TAKI didn't bail.
Oh, man, I was hoping you were back in. You were talking as if you were long yesterday.
That's my thoughts as well.
That's probably the reason for the run in ECCI. They said they have two machines. If it hits in their state those machines may find a home.
It will be interesting to see how far this goes on this move. As you and I know the RSI 14 daily and weekly were both below .30. The candlestick chart will show a reversal formation (Harami) if we can close up today.