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NTS06, that chart changed a bit from the time I was using it to make the post about my observations and the time I posted it, LOL.
It will not make sense to you, what I said about the Aroon up; because it WAS pointing directly down, about to hit zero. However, when I hit submit to have the message post, and the chart came up for the message; well, what do you know? but that Aroon UP has popped right back up to 100 - really weird!!!
I do not know what to think. That is a GREAT position for the Aroons, so it looks good, but you can see how quickly the indicators can change on intraday trading. That is why I see the benefit of waiting till the last hour of trading to make a decision. Once the market closes, the indicator readings for that day do not change, so you can depend on the information on which you are making your decision much more.
That is assuming you are not daytrading, of course. I prefer swing trading of a few days to a few weeks (or months on really solid moves), and some position trading.
VPFV:
Let's see:First, in Quicksand at the moment. However, all the indicators are looking pretty great, The Slow Soch, MACD, RSI, Williams, and ADX are all looking good, pointing upward, and have crossed the buy points. I'm a bit concerned that the Aroon Up, although dominant, is getting pretty close to the level of decision (zero) along with the Aroon Down. From what bit I know, it seems that the Aroon Down has a greater chance of a pop upward into dominance from this position than the Aroon Up, which spells trouble. I do not see a confirmed MB anywhere, maybe Ken can help us out here and state whether or not it meets any MB criteria, and what he thinks of the Aroons.
IMO, right now, I'm thinking that much of the nice positioning of the indicators could all just be due to the move it has already made and it may not be ready for much more. This is where knowing about the news that might be driving this is helpful - serfdom is great on picking up on news items. But, with it being in Quicksand, and the move being the cause for the change in indicator directions, I would be very cautious about getting into this one since I cannot find a Magic Box at all to go off of and the position of the Aroons has me a bit nervous.
Sorry. Didn't mean to upset you. I think it was your conversations with Ken that got me started at watching it. You are very good lemmy, you know that. You just lost patience here, evidently.
Sometimes, I think boredom should be an indicator that we can put on a chart because it seems like when the boredom peaks, the stock is getting ready to move up, LOL.
CSHD looking good here.
I bought in at $1.07
I can't get my charts to come up anymore. Is anyone else having any trouble? Is stockcharts down?
If noone else is having problems, it must be that my program is messing up on MY computer. NOT good.
However, you should be aware, I am by no means an expert chartist. I still have a whole lot to learn. I just have been intensely studying this for the last two to three months, and have traded for six years now.
I have learned a lot and FINALLY, I have enough knowledge to read the indicators, after Ken's help.
I have not yet been able to use the chart indicators to FIND the right stock to get into at the right time to make some BIG profits. That is my next goal.
So far, it has been finding an acceptable point get out of the stocks I was in when I found the Seasonality site, and then some stocks in which I made pretty small profits, but at least those are better than losses 8>).
Like Ken says, "the power of compounding", right?
Hope so too, Good luck.
I think the MB would have formed on Aug. 23rd, with Williams confirmation on the 25th.
That looks impressive and MAY stimulate some move - watch it for a while. If it moves some more, please poke me in the side about it again. If it moves enough to get into pre-Gold Rush, I may have to just start paying some attention to it, LOL.
I liked the stock at one time for a short period, but I'm not sure where they can go now. If it shows good CONSISTENT, SEQUENTIAL revenue growth WITHOUT
DILUTING the stock, or
using capital for financing, or
having some stressful debt situations leveraged against the value of its equity, or
selling off its equity in capital equipment/structures to support operations and growth, or
without having gluttinous directors,
then this growth in revenues may cause this stock to become quite attractive.
But that is a whole lot of IFs, and the way the chart and concomitant indicators move is the only thing that will TRUTHFULLY indicate to you what "they" are doing with their capital structure and equity in the business. THAT is why I follow the charts, and follow the news merely to see if there might be a profitable play generated because the masses following the news are getting euphoric.
First, it is in Quicksand, and has been in Quicksand for almost a year now. Does not seem to be showing any inclination to be coming out of Quicksadn either, so keep this at the very front of your mind - which means tell your self that IF you do fins a trade that you want to enter, BE VERY NIMBLE AND READY TO EXIT at a moments notice of weekness.
Now, for the short-term indicators (Seen in the top chart that I posted): I see a possible, but very shakey Magic Box that tried to form, but I do not like it. The Aroon has come down and the Williams is coming up to confirm, but it looks too shakey for me.
I do like the ADX DI+ crossing above 20 and taking dominance over the DI- and the Full Stoch coming up after it crossed the its signal line to the upside; but these are not enough to give me any confidence in this stock mired in Quicksand. You could always get a quick move, but do you want to take on all that risk for the POSSIBILITY of a big move when you could look at a stock with a better long-term history that has just as much potential to make a nice move? Yes, you may miss the first 20% of the move, but how many do you get into a losing situation before you pick the one that actually moves? Sometimes a nice big move out of Quicksand can be QUITE profitable, but I would give up that first 20% or so for some historical price movement to minimize the downside risk. I want to have it move enough to develop enough of a trend to get it into at least pre-Gold Rush status, before risking my money.
The medium-term indicators (in charts 2 and 3) all look pretty ho-hum to me except for the Fast Stoch which had a nice cross to the upside a few days ago - not enough to draw my interest here.
Again Ken, I always welcome your critique of my critique, until I establish a pretty definite history of not missing the fine points that you see.
PLKC charts:
In addition to watching the stock I pick to look at during the day, I am always always watching the stocks that the dependable guys here on the board post for good entry points, like ATWT and PBOF. I may be watching them to paper trade to test my chart reading ability, and then, if I have cash out of a recent sell, I may decide to buy into one or two - all depends.
Jiorden has had some pretty good picks lately - some really NICE moves have occurred on some of the stocks he tends to watch.
Serfdom comes up with a bunch to consider, and what is nice about his leads is he provides a good, quick feed on what is driving them at the time - some develop into something and some don't.
And, of course, Ken provides a general grouping of what may be getting ready to move or is moving.
WOLV
I was typing out my thoughts to you just as you were posting this question. Isn't timing funny, LOL.
Now, if I can get my timing skills honed in on the markets a bit better, I'll be ok. Wouldn't we all, LOL.
That's what we are here trying to learn, now isn't it?
OK NTS06, On MXXR:
It did NOT confirm yesterday. With that Full Stoch starting to curve back and all the other indicators not looking that impressive today, and add on top of that, this is going into Quicksand, I'm gonna just walk away from this one and not even consider it anymore. There are much better plays out there to watch and consider buying into.
I'm gonna watch CSHD today and see what it has in store for us. It has more potential to give nice move if it gets going since its longterm indicators still have it in Gold Rush mode right now.
I'm watching 3 or 4 others, but right now, CSHD has most of my attention.
CSHD:
Ken, could you refresh my memory?
What is the green supposed to mean on all those Quicksand stocks again? Does that mean that they are close to going into Pre-Gold Rush?
I posted at the bottom of my charts:
If the Williams confirms today, I'm buyin in a bit.
If the Aroon down crosses 70, this will fit
1) MB confirmation,
2) Knights Crossing and
3) Money Mountain
I think a good play may be here.
OK, first I am looking for the Williams(9) to cross below the -50 in the top chart - that will confirm the Magic Box.
The Knights Crossing has already set up (top chart), but it needs to get that Magic Box confirmation to make it valid. (correct me if I am wrong here, Ken. Am I correct that it is not considered a valid Knights Crossing if the Magic Box does not confirm even thought the Knights Crossing 5dMA cross and ADX cross above 20 have occurred?)
A Money Mountain set-up will confirm IF the Aroon(8) crosses the 70 going down (first chart). The MACD has just gone positive a day ago, so all we need to make this valid is the Aroon(8) going through 70 to the downside. Now, on this set-up, I don't think you must have the Magic Box cofirmation for it to be valid - again, Ken, correct me if I am wrong. However, I think it is probably highly unlikely that that Aroon will go through the 70 line without the MB also getting its confirmation by the Williams crossing through -50 heading down.
It should be noted that this stock is in After the Gold Rush and getting ready to enter Quicksand, so you should be EXTREMELY CAUTIOUS buying into this. If you decide to buy on the signals, wait for good SOLID confirmation and then be ready to exit VERY QUICKLY, because long-term, this one looks pretty pitiful, ;>(.
Ken, feel free to correct any misconceptions I have here. I just want to learn and, ABOVE ALL, I do not want to mislead anyone.
Not yet. I'm waiting on confirmation.
Ken, or Jiorden, if you are around; I have not had a chance to mess around with the tool for calculating high and low prices that will dictate movement of the Williams over the -50. If one of you have time, would you mind running that calculation for me, please.
MXXR:
If the Williams confirms today, I'm buyin in a bit.
If the Aroon down crosses 70, this will fit
MB confirmation,
Knights Crossing and M
oney Mountain - I think a good play may be here.
Very true that "charts predict the future through the past", and yes, it is good to read about what the company is doing. However, more often than not, the information that is released gives shareholders a false sence of potential for the share prices. Shareholders have NO IDEA whatsoever, what the "theys" are doing with the value of the shares behind the scenes. THAT is what the charts do for you. Charts give you a feed on what is being done with the shares and their value, behind the scenes. The price trends follow what those in power are doing to the share structure - so the charts are a whole lot more truthful about what is likely to happen regarding share price appreciation than are PRs and filings, etc..
Hey Augie,
I would not touch NMKT with a ten foot pole right now. The only thing that is see that has anything positive to it in the charts is the Aroon(8) shows the Aroon up crossing over the Aroon down to the upside. However, EVERY OTHER indicator shows that there is still a whole lot of pain to endure before there is likely to be a positive move worth any money being placed on the table.
I would bet that that Aroon up starts to turn back down and goes below the Aroon down within a few trading days, and that the Aroon down takes a dominant position at 100 for a while.
Don't like these charts at all right now.
Let's see what happens over the next week or two and see if my studying is starting to give me a better feed on reading indicators. Man, I sure hope so, LOL.
Family is well. Hope all is going good for you. Good luck.
Charts:
ATWT
SLJB
PHYH :
CHDT again:
VSPC:
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Finished with this set.
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Chart exercises: BBs
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