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RBAKW +17.06%, from Monday's OTCCD Matrix. EOM
Hi Steve, after today's action, I'm back to neutral with a bullish bias. I hope tomorrow's CPI number will at least be in sync with today's PPI number, else we will have one big whipsaw.
No... it's a pinksheets stock. It's a flat liner, and should only get it at bid if you must trade this stock.
May I suggest you to stop using log chart. Also, try to rethink the reasons behind the techincal tools you use.
KAIH +36%, from the Pulsing Stocks section. EOM
ARGA +21.95%, from the Pulsing Stocks section. EOM
CHDT +38.75%, from Friday's OTCCD Matrix. EOM
CTUM +16.07%, from Wednesday's OTCCD Matrix. EOM
CGHIE +16.99%, from Tuesday's OTCCD Matrix. EOM
STTC +16.77%, from Monday's OTCCD Matrix. EOM
CGHIE +19.67%, from Tuesday's OTCCD Matrix. EOM
After Friday's action, my take for next week would be down.
FXSC +100%, from the Pulsing Stocks section. EOM
GEEX +28%, from the Pulsing Stocks section. EOM
PFNC +30%, from Friday's OTCCD Matrix. EOM
VSPC +28.52%, from Wednesday's OTCCD Matrix. EOM
There's always another one, and I won't kick myself for not getting in. Good trade. I'm still happy with my decision of not taking the trade.
SSVG +69.70%, from the Pulsing Stocks section. EOM
STTC +28.79%, from Thursday's OTCCD Matrix. EOM
VSPC +17.31%, from Thursday's OTCCD Matrix. EOM
SDRG +20.79%, from Monday's OTCCD Matrix. EOM
STTC +28.79%, from Monday's OTCCD Matrix. EOM
Hi Steve,
I don't know what's the most correct way to draw a fork, or does it work at all. I'm sure you can draw it differently to obtain another price channel.
About the huge price swings. On my book, since 7 trading days ago, the market has topped out. So bullish action should be rejected. I'm just happy to see the bull everyday, so I can find a way to whack it. I think that should explain the big swings.
The question is, does it look toppy now? Not anymore, not after today's action. It looks neutral with a downward bias to me. Assume we've just made the top, the market is now searching for a bottom.
I've been doing some economics readings lately. I'm convinced that we will see a recession next year, as early as 4th quarter of 2006. I'm going to check the GDP number carefully, I think we are heading to 0% or even negative, a number far away from the current projection. The FED will scramble to ease rate, and any rally will become a sucker's rally. At first, people will think that the rate easing is normal, but when they figure out the rate easing is actually due to the recession, the stock market would be down another 10% already. In short, I expect to see a hard landing. I'm ready to convert my USD to other currencies in any rally, USD has zero upside, unless core inflation goes through the roof, FED will not increase rate anymore. FED will never say that they are worried about the coming recession, they would only say economy is slowing down to offset the inflation rate. Soft landing is just a wishful thinking.
NGNM +24.44%, from Monday's OTCCD Matrix. EOM
STTC +24%, from Friday's OTCCD Matrix. EOM
PFNC +50%, from Friday's OTCCD Matrix. EOM
NVAO +19.05%, from Tuesday's OTCCD Matrix. EOM
VYGO +92.86%, from the Pulsing Stocks section. EOM
IMMG +37.50%, from the Pulsing Stocks section. EOM
VCSL +30.16%, from Friday's OTCCD Matrix. EOM
CPNE +19.59%, from Wednesday's OTCCD Matrix. EOM
MXXR +32%, from Monday's OTCCD Matrix. EOM
Thanks Char, but it's not tradable, the volume is too low and it's a flat liner. There is zero technical aspect for this play except you are going after the earnings. I guess if one could get it at bid, it might be okay, but I won't touch it, there is no way to get out...
We are not interested in pinksheets stocks here. Thanks.
CLBE +16.36%, from the Pulsing Stocks section. EOM
CTPS +15.41%, from the Pulsing Stocks section. EOM
SRCO +19.05%, from Thursday's OTCCD Matrix. EOM
TOVC +25%, from Thursday's OTCCD Matrix. EOM
ACKHQ +25%, from Wednesday's OTCCD Matrix. EOM
PGMI +20.59%, from the Pulsing Stocks section. EOM
DLTM +21.43%, from the Pulsing Stocks section. EOM