I thought I have to draw the Fib line on the shadow. Good that you posted this, thanks!

(Sorry, can't remember all the names)

Panelist:

1. Cineplex entertainment - Jacob xxxxx

2. Hxxxx Capital - Vince Mizza

3. Richard Ivey School of business - David Simpson

Even though Jacob mentioned that their business only has type 1 plastic, he is still very interested, like the green teck.

2nd guy - Intrigue by business, good it's green, timely. Keen on learning!

3rd guy - John has a too good to be true smile, if pans out, this is the kind of project the financial market will reward him. Will do more research

Hi Low,

Not sure if you heard of INT.V but it has been crazy in Canada, haven't seen action like this in few years. I suspect there is something fishy there but chart vice, I have no clue how to interpret it, can you help? I don't really see the 3 volume surge setup.

Thanks!

Thanks Low! This is a good example of TA charting!!

Hi,

Am I reading this right?
http://stockcharts.com/h-sc/ui?s=GCU.V&p=D&b=5&g=0&id=p39930057645

GCU.V showing a bump and run pattern. The 3 points I drew on the trendline is Nov, end of Jan and middle of Mar.....and the run line is in the month of March. Assuming no news, it will fall back to $2.50.

Thanks!

I really hope that John B. is working closely with the Ontario government(where Toronto, Niagara falls is for the people that doesn't know :)). As some might already know, they have a fairly extensive recycling program and people basically takes out the blue box (plastic/cans/paper) to their driveway for collection every other week, that is a lot of plastics! Just imagine if JBII is teamed up with the government on this front. The government does all the sorting at their end and probably sell the profitable/sellable items, I doubt they could make much $ out of it, more of just a green initiative. Setting up P2O machines at the recycling plants will be huge for financial, enviornmental and political gain! (Assuming the machines work as intended:) ) I believe John B. has worked in the Toronto government offices before, should have extensive contacts. Since they are setup in Niagara falls, I would assume that should be their first target customer as they could possibly request for green initiative grants etc.

Question on "C" (Citigroup). Been a while so will try to look up how to post chart again in ihub.

Looking at the 6 months chart, there appears to be a few gaps - ~$5, $4.50, ~$4.25. Given a stock with such heavy volume, will they usually get fill?

As well, is that a bump and run pattern? First line I drew was from Sep to Dec...and the steeper line from Dec to Jan.

Thanks again!
Soul

Thanks, nice charting. I should have looked at 6 months instead of just 3...thanks again.

Hi,

Question on CAK (Camac Energy Inc). I know there is a gap in the week of Dec 13/20 which likely won't be fill. How about the one in the week of Jan 10, 2011? That's also consider a gap given that it's not the open/close price, is that correct (the jump from 1.81 to 1.89)?

Thanks much!
Soul

Hi,

Just wanted to get some opinion. Looks like the "gap" on UNG should be fill within relatively short time frame?

Thanks!
Soul

Hi Low,

If you don't mind me asking, wanted to understand the chart for "FRE". I see a symetric triangle (not sure if I see it right)and given the previous uptrend, I assume the potential for it to continue with the trend is high? Reason I ask is the range has been really tight and appears that it will make a move soon?

Thanks in advance.

Thanks langlui, much appreciated. I got out at $1.70, out well.

Thanks! I am still learning TA and is some what surprise that it works well on an index as well. Take DOW for example, the head and shoulder that took more than half a year and has just completed. I am in cash as well now, been playing around with some DJX options, pretty much breakeven so far this year.

Thanks,
Soul

Hi gb55,

Nice charts. Is your entry point on the DOW based on the fib ratio of 61.8% from your previous chart?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26839237

Thanks,
Soul

Hi guys,

Hope all is well.

Am I reading this correctly? Divergence signal the eventual price drop? Looking at both the daily and weekly chart, the 5/10/20 started to tip south but no crosses yet. What do you guys think?

Thanks,
Soul

Dead,

Think you could annotate an INDU chart on this board? Many thanks!!

Soul

Only one I was holding was "LEN". Sold off all puts this morning.

weeeeeeee is right! Thanks to you, I started paying attention to the housing market last year, finally recovered all lost from 2006 and 7 as of today :)!!! Thanks Raw, thanks LENNAR! LOL

Anyways, Happy New Year to all!! I will hopefully learn to make money for a change by following this board.

Are you referring to your PPO parameter? The daily chart looks ugly as ur short term PPO is showing a lower high in comparison to a higher high in September and the price is actually higher this time (negative divergency? or am I dreaming again?). Most of the other daily indicators are pointing down and the 5 dma is pointing down about to cross the 20 dma. The weekly still looks ok but it doesn't appear that it will make a strong move.

Am I interpreting this correctly? Thanks.

Hi Dead! I copied bits and pieces from reading the stockchart support forum, also tried your ppo scan but I must not be using it correctly lol, not getting anything or maybe I am not reading it correctly. Apparently my scan is not working well as ADPT doesn't seem to be going too well, thanks for the heads up. Lots more to learn! :)

Hi all, here is my scan.

Please let me know if I could better refine this. Currently, it is making sure that the current week's 5/10/20 is greater than the previous week's 5/10/20 and the weekly 5 sma is > than the weekly 10 sma. I also wanted to try and make sure that the 5/10/20 sma are relatively closed to each other (I was hoping that it could catch any up trend that have just started) so I set the sma at +/- 3% of each other, does that make any sense?

Thanks.

[type = stock] and [weekly sma(20,weekly volume) > 100000]and [weekly close >=1.00] and [weekly close <=5.00] and [weekly sma(5,weekly close) >= last week's sma(5,weekly close)]and [weekly sma(10,weekly close) >= last week's sma(10,weekly close)]and [weekly sma(20,weekly close) >= last week's sma(20,weekly close)]and [weekly sma(5,weekly close) >= weekly sma(10,weekly close) * 0.97]and [weekly sma(5,weekly close) <= weekly sma(10,weekly close) * 1.03]and [weekly sma(10,weekly close) >= weekly sma(20,weekly close) * 0.97]
and [weekly sma(10,weekly close) <= weekly sma(20,weekly close) * 1.03]and [weekly sma(5,weekly close) >= weekly sma(10,weekly close)]

Hi all, what do you guys think? On the weekly, I see that the 20ma is slightly turning up. However, monthly shows downtrend which indicates that one should stay away from it?

I am trying to build a scan, can I post it so that you guys could comment on it or is this not the right place to do so?

Thanks.

Understood, thanks.

Hi Will, looking at your AFFX chart. In terms of entry point, would you wait for the price to get back closer to the 5 ma or it doesn't really matter since the weekly looks good and monthly seems to be turning up?

Thanks!

Hi, here is your analogy:

"Now picture a 200 pound man walking down the street as the 20 day moving averge(dma), now picture a 30 pound kid(1dma) comming up and pushing on him, the likelyhood of the man being turned around is unlikely, now add 4 more kids pushing on the man, the 5 kids can slow him down but probably not turn him around, add another 5 kids now its more likely that the man will weaken and slowly start to go the other direction. But the man is still strong, and can push the kids back some, so we add 10 more kids, total of 20, once the 20 kids start pushing on him the man can no longer hold up and will turn around and go the other way. This is the very basics behind the 5/10/20 method."

I am not too bright and here is my understanding of it. Basically the daily trend doesn't really matter until it is happening for consecutive days and slowly (and only if the daily trend continues) it will change the 20 dma to have the same trend.

Thanks much guys for your help!

Hi, question on chart reading. Is this weekly chart showing that the trend is slowing down? I see the MACD histogram trending down (meaning that the MACD will trend down as well? negative divergence with price)?

Or the trend is still in tact until the 5MA touches 10MA and watch it not to go through the 20MA.

Thanks for your input.

Hi,

Thanks very much for your info.

The question I have is should people buy into EGMI in June 2006 (the uptrend lasted for 3 months time), that is when 5/10 crosses the 20ma? MACD is also showing a positive trend. Does this consider as a reversal of the downtrend (new up trend) or is just merely an upswing during the downtrend.

Thanks again,
Soul

Promise, last post for tonight.

Here is my most recent failure "KRI.TO".

Bought in at $2.60, reached high of $5 ish and didn't sell, it's now sitting at $2.17.

I can see from the weekly chart that I should have sold in June as the 5 clearly crossed 10/20. However, looking at the daily chart, is the sell signal in end of April when the 5/10 are both under 20 since the MA's are starting to turn downwards on the weekly chart?

Thanks again,
Soul

Hi,

A related question, maybe I should be a little bit clearer. I am actually confuse with trend.

By looking at EGMI's 2 year weekly trend, I can see that:

from Oct05 to Mar07, it's a down trend
from Mar07 onwards, there is the 5/10/20 cross and an uptrend has been established.

How about Jun/06, is that considered a change of trend (to the up side)? Or it's simply the MA getting too far away from the price and it's getting back close to the price.

Thanks again,
Soul

Hi,

This could be a stupid question but based on the chart you posted for 6 months, is NTGR now trading sideways and resistance is sitting at $32? How would a new trend be identified? Based on breaking the resistance? (I have read 1000+ of your prior posts but I might have missed these few points))

Thanks, much appreciated.

Soul

I know I am a newbie but...don't shoot!!! lol

Sorry I am relatively new to BB stock. Is BB stock anyting under $1?

Thanks!