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ragnar: We are not yet sitting at the top of the wedge, the top is at approximately 3.19. I would also like to add to your post by saying that the wedge will only become invalid if we break the upper line (currently 3.19) and then fall back through it.
Just wanted to make sure that people don't get confused.
AMEX REG SHO question: What's everyone's experience here when a stock becomes listed on the AMEX REG SHO list.
goose: I have a subscription and highly recommend it.
MBAH Without all the squigly lines this time ;)
How do I figure out a stock's float? I've been looking at income statements and can't seem to figure it out.
Thanks
Thanks for the quick reply, lots of people seem to have different opinions. If I were not a long I would not buy until we break the resistance line I drew in with strength.
Ragnar, I'm interested to know what stocks you currently have on your watch list?
Thanks ragnar: Do you agree that GTE is at a turning point right now? What are your thoughts? I believe that within the next couple of weeks we should find out where this stock is going to continue to trend. Personally, I believe the trend should turn upwards because of the way that the indicators are trending alongside the falling wedge theory.
Does this mean anything?
The double bottom in stochastics:
speaking of gtel, anyone agree that it might be prepping for another run?
It has formed a falling wedge:
http://stockcharts.com/education/ChartAnalysis/fallingWedge.html
:) yep... Check out this Canadian BLDP, it is coming out of being heavily oversold. This company is producing fuel cells for many companies like Ford Motors.
Snap: UTS.TO hit resistance today, let's see if if it can break through...
It's a good observation, because if you draw a line from the high in feb 2004 through to today, you will see that the 2.7 to 3.2 area has not experienced much accumalation until recently. But it's just an observation, don't know if there is any merit to it.
Xcentric4: Thanks xcentric, but the bump and run pattern does not match up to gte's pattern. It would be nice to get ahold of a chart patterns book and see if there is any merit to my observation...
How do you figure out the float? What is a good float?
What is a reasonable range of outstanding shares?
Ragnar: It makes sense and could very well be true... I've have seen that happen many times on the AMEX.
PBLS
It looks like an symmetrical triangle to me.
ragnar: All in all, I just felt that the dip was "unatural" IMO and regarding the angle observation, it's just an observation, I have no academic or technical analysis articles to back up the observation except for that history repeats itself in the stock market.
40500 share buy/sell and 3.01 @12:09:59, I believe it was a buy because the price shot up after it happened. That equals $121,905. I also believe that it backs up tech's claim of how the price is walked down to pick up shares and shot down to pick up 121000 dollars worth of shares. IMO technically, the stock should not had dipped that quickly after a steady climb and indicators looking healthy.
I have noticed that the best plays are stocks that fit into a pattern and follow the pattern's confirmations such as ascending triangles, assymetrical triangles, and pennants etc.
Tech: That post just inspired the following thoughts:
I pulled out the the old geometry set and measure the following angles. Does this mean anything? Print it out and measure it yourself!
Very healthy climb IMO
Just another stock that I've been watching and did not buy because I told myself I would not start playing stocks until I am truly confident with my trading techniques...
Damn it makes me feel kind of sick to my stomach but also makes me proud that I am holding my ground on rules that I am setting for myself.
ragnar:We must break the resistance line I drew in my last post with strength before any of the moves I have spoken about can begin to be confirmed. I think we will have a much better idea within the next two weeks to a month (at the latest).
Once we break out of the falling wedge, the measured bull move will be confirmed in my opinion:
When will we breakout of it? It may take a few weeks to a month to get confirmation IMO
http://stockcharts.com/education/ChartAnalysis/fallingWedge.html
Another Canadian Beauty: TAH.TO/TAHDF.PK
http://stockcharts.com/education/ChartAnalysis/fallingWedge.html
Do your DD to see the company's future potential.
IMHO
FWIW, we have been on the homepage for a quite some time now. Over three months at least.
TBUS looks really good, look at all the positive divergences in the indicators, especially stochastics.
Do any of you see yourself playing TBUS?
Please elaborate on my TA regarding NEOM ADDED MORE:
ATR is definitely interesting...I'm inviting all the TA greats on this board to help me out with this and comment on this analysis.
It is my opinion that we will move up from here in the short term. Many positive divergences in the indicators on the 15min chart.
ragnar:IMHO We must first break 3.10 again before we can start talking about a move back down towards the 200MA.
Note: This thing will shoot up very quickly the second a pr is released
"A Measured Bull Move":
I admit my mistake "technically" I should not have reffered to it as a pennant. IMO GTE is showing signs of a "A measured bull move". The quick decline in price we just witnessed could very well be the confirmation we were looking for but if we break support levels again we will continue to trend downwards as you explained earlier Ragnar.
We are still looking for signs of a reversal through the indicators I posted earlier like a surge in volume.
http://stockcharts.com/education/ChartAnalysis/measuredBullMove.html
IMHO
Pennant if the stratellite viewing is disregarded:
It's actually forming a pennant if you disregard the viewing of the stratellite.
rgnar: your chart does not properly represent the stock, take a look at the weekly chart and you will see that GTE is actually quite bullish
I wish you all the best MAC. My goals are similar to your as I would love to make a steady income on the stockmarket and then open up businesses on the side. What exactly are Mad bags?
I just signed up with Ameritrade because they seem to have the best deal because they don't take a percentage of my principal every time I make a trade. I want to trade actively and it seems to be the best deal. Would you all agree?
UALAQ another run perhaps? Indicators are lining up and beginning to look quite bullish.
Gotta go study, I shouldn't be here!
lowtrade: I wish you the best of luck here, she looks very healthy.
I hope TNOG pulls back so that I can get some...
snap: you watching uts.to :), did that link i gave you on aroons help at all?