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william2112
Could you tell me your thoughts on this shooting star? Is it real bearish or would you say there's a chance for continued up trend? PPs over 20 & 50 MA, upper shadow crossing upper BB.
Thanks
One more thing I did wrong today. Didn't watch my 1 day 5 minute DMI chart for a trend reversal. Remember the other day I posted my home made theory about day trading with DMI. Well look at the chart I posted then and look at todays chart at the link below.
When the DMI- started closing on the DMI+, while PPs tested double bottom around 10. It showed a reversal by closing divergence and confirmation of any change with ADX staying above. Wasn't time to sell until this pattern change back at 12 noon. Divergence closing RSI lowering and ADX lowering to Tight DMI range.
This trick works most ever time when I want to day trade.
Keep it in your bag of tricks. IMO
Choose 1 day 5 minutes; DMI & RSI as indicators!
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=gtel&time=&freq=
kgoodrich
I second that, he's a real asset here, helped me see new things, as with your post yesterday about tues, being the 280% day for Gtel.
Thanks to both of you.
Just looked at the daily volume chart. The MMs made out find, they picked up about 2.5 mill on the early double bottom test and moved about 2.5 mill at the top. $75k cask between Schb & Nite, a good morning all and all.
No wonder they didn't fight the run. They wanted to fill the last gap! Now I feel better. I was so interested in the bearish flag bottom, I lost my MMA perspective. Should have seen this coming. That's what happens when you take your eye off the ball for a few days.
The balls in their court, I just forgot, to watch it. At any rate Tuesday is the largest growth day for gtel. With this move, the short down trend indicators should start to change, and maybe tommorrow will see a larger bounce.
I'm sure there are alot of spec traders sitting on the side lines, waiting to see which way it went today. Should help momentium if they play tommorrow.
Cab You probable know me the best here, after a year of MM posts on RB. I just hate being suprise by them and I can't figure out what's going on with todays play.
Their not getting the volume they usually get on a pop like this and they didn't seem to fight to hard, on Pit's oversold reason. They always fight over sold. Gtel is over sold but they didn't fight. Hardly saw any signaling.
It's driving me nuts, not being able to get into their heads! LOL
Who cares but me. Sorry! DA, maybe it's not them and we have a freely trading market for a change. That never entered my thought processes. LOL
Double test the bottom and off we go. Had a hunch but this is very unusual! Looks like an MM play day! But why, they had us? Volume doesn't warrent 3 cent out of no where, run strange! Looks like a volume setup, for those worried about breaking the 20 support. Not understanding their plays bothers me. LOL
Anyone check the real time news? Does any one see American Exchange before May 1? Hope it's the MMs last hura! Something very strange going on here!
Guess I'll have to sit back and enjoy also, William2112.
PS; Hit my target on mobl today, on a 25% jump, strange things happening all over.
OT: Marty you never told me you were a DJ. That's why you know the words to all those oldly but goodies on RB.. LOL
If design 33 stays arround, we have another Canton, Farmington, NE CT. guy! YOO!
Recentlly read 2 things which goes along with your TIMELY Q filing. Gtel has issued millions of money cards for sale and Mr Huff hinted something good coming by May 1. I expect larger growth in high margin business then 1st though.
Because of this, I think our present TA down trend, may turn around quickly soon!
william2112
Very good point for a learning board. You got to see both sides, to make a educated decision.
I very rarely ave D, because of just what you posted. Should have mentioned that. Thanks! I normally sell at my loss target!
wolfrun
Agree with your post. I'm looking for a ave D buy below 18 also. Don't know if I want that, or the PPs to just start back up, at this point.
The MMs held a Gtel good Q report to mini runs before and it could take a Strathead PR to get this in high gear again.
So here we sit! Charts show we test 20 again, I THINK it will hold. But won't cry if it doesn't, because I'm ready to buy lower also.
kgoodrich Thanks for the GTEL Tues,info, I'll keep that tid-bit in my back pocket. Don't play the DOW, but have some stocks in there. UCK.
As for fear sellers, stop losses and holding some cash for a retrace, I'm in agreement with you guys. Playing in penny land is like going to Atlanic City, the house has the odds in their favor, but at least, here, you have some back ground DD, about the other players before you sit at the poker table. LOL
Always said, if you want to play pennies, you have to sit at the table.(computer)
Starboy, your confusion (OTC:BB stop loss)was the thing I was talking about the other day. Applying big exchange terms to the OTC:BB which don't apply. Many use the same terms, but the meaning doesn't stand in pennyland.
AS for sold half to protect what resources I command, maybe some would like to talk about the reasons to "average down". If you do the math, you could find a point to put that money back in with a resonable chance to gain the losses back on the next run, plus a larger over all profit.
This way to trade is a big gamble, as with most penny plays, but can work to your advantage if your stock preforms as you expect. You should have some cash on the side, but can sell at a loss, to reposition yourself for a long play.
This would only be done when your cash poor, KNOW the long looks excelent, and you have BIG BA-Ls!!!
The math has to work, and your targets have be reached. But you can end up better selling at a loss, to buy way lower, average down way lower and get a much larger profit on the next big run, event if it doesn't go as high as the last run.
Think about the basic math involved to lose 50%, buy back 50% lower then that, to ave down 25% over all, then how high the PPs has to go to get a 75% profit on you orignal lump, instead of 50% if you didn't sell. The percentage are general, use your own case, see if the new profit target is possible and if the math fits, play if your ba-l's are big enough.
Not recommending this, in you case, you should have sold because you wanted to do this in the first place. But for the future it's an option I've used and succeeded at. Should be part of your trading plan. Not an after thought. What can I do if , plan B thing before you get in a stock in the fist place, with little cash!
2004 Gtel has a history of real high runs and real large retraces. So what would I do if this happened to me again in 2005, PLAN? What if I get in at 20 after a run to 35 and the PPs goes to 15, knowing in time it will get back to 30.
Laptop with ADD on
Maybe this will help!
http://stockcharts.com/education/IndicatorAnalysis/indic-Aroon.htm
With little teaching chart below.
Laptop You seem to have it, except you have to get out of the vertical mindset and get into the horizontal.
Aroons show TREND not rise. As you say, the longer the two stay at the top/bottom the longer the PPs rise/fall will occur. The only time a trend is signaled, is when one indicator is at the top (over 70)(the trend) and the other is at the bottom (30). Anything between is showing direction.
Both together shows indecision (No trend) high or low, but something must happen, PPs won't stay flat for ever. If they move together from bottom or top, it shows accumulation on "expected" reversal. If one changes before the other, it shows weakening or strengthening of which will win the "expected" reversal.
As for cross points, what I've read doesn't say the aroon will predict size of pop, but I've noticed as you, that the lower the cross, the higher the original pop.
I think that's because when they cross below 30, both indicators show weakness and if it's high, strength. So depending where they cross, shows the amount of resistance to the reversal.
Cab yes it must be posted somewhere on the internet to use the internet address than IHUB can find.
design333
You have to type bracket [ then chart then bracket ] paste the link without http// then type bracket[ back slash / chart bracket] see below
Cab yes, I thought I'd put a face on the mouth! LOL
IMO it would be nice to see everyone we talk to.
You can add it in the signature section of your profile, just like a chart!
You have to have it posted on a (your)website though.
SEBASS When you see a chart pattern forming and start drawing lines the triangle intersection will show when the reaction should occur. If that pattern is for a longer chart the intersection will appear less accurate. But when it a few days, like I saw, you can count the days to the intersection.
I will add, at first it looked like a descending triangle, because most of the bottoms were so close. But as the days went by, the bottoms started to rise just enough to see the bearish symmetrical aspect. Both were bears, so it really didn't matter but I thought I'd point that slight change out.
All I had to do is count the days out to the point on the 19th. 1 day reached the point and was when an action should happen, day 2 was showing me it should have happened or the triangle was wrong. Couldn't miss the formation, so IMO I couldn't miss the targets.
as for target drop or rise that's less accurate, but normally the height of the first range. In this case 4 cents.
BoomTime
As I understand it, if both are below 30 or above 70 together a trend change will occur, because there is no trend.
If there up or down, the reversal signal would be the firsts to cross the 30 wins & 70 loses.
doc80ca
IMO the saying is for off OTC:BB markets. Too many, keep thinking you can use the same thought basis & terms for both. But the reality is most OTC:BB stocks have many more factors involved and the big guy terms in some cases can't be applied. Two different fruits, apples/oranges kind of thing. IMO
It also depends on the term "speculation". If your using it to refer to PPs, I agree with your post. If your using it to refer to potential or business plan execution , (traders perceived value) no EPS - no value to the company. I'd say last year the OTC:BB GTEL share, market price was 10 cents, speculation and this year it's speculation price to be 20 cents, so far.
Support / resistance levels, you can see them on the chart and read their strength to the left.
Click link:
http://www.stockta.com/cgi-bin/analysis.pl?symb=GTEL&num1=5&cobrand=&mode=stock
doc80ca
Here's a chart I couldn't post the 19th 3 days ago, my website was down and I could't get up. You'll see I expected the down break out in 1 or 2 days. Got 1/2 the first and the rest the second!
I like chart pattern for short term indicators. Candles are also chart patterns, but I can't remember so many things at once.
As for the 1 month I asked for, I agree not much of a change, but easyer to see action. Thanks, checking a point I made the other day, which doesn't seem to hold up.
doc80ca ADD ON - PS: after a triangle breakout, normally a reversal, not seen yet, starts to form. Watch for it Mon, Tues, & Wens.
Would you redo that chart for a 1 month time and repost? Most indicators you choose were for 30 day look.
Lets see if any thing changes.
grapes
Pretty much normal when MMs hold buy orders on there desks to run PPs down EOD. They have to put them in the open market the last few minutes to balance accounts and close the days books.
IMO the large block was many small ones they had to cover all at once.
Have a GREAT weekend!!
Looked a little deeper, found the Ave trade size to be 14k with 1400 trades for the day. The trade sizes the last hour is ave around 5k. showing me this take down was inexperienced traders jumping, not many daytraders still around. they must have stayed out with the AM gap.
Your correct, with these small trade sizes MMs can do pretty much what they like. But as I first said the larger trades were 10k 20k 30k on the ask, and I read this where experienced traders see JACK"S buying opp.
Didn't get the signal I wanted in PPs, but did on block sizes.
End of MMA ( market maker analysis) today.
Look at today's major market flux 200 points down 100 up with rally the last minutes. Been real crazy for my portfolio for weeks! Thinking about an AC trip again to clear my head!
Two weekends in a row, not normal for me, but wow the indecision is driving me nuts! LOL
Just did a quicky MMA look at the last hours tic by tic and saw the trades at ask much larger then at bid, yet the PPs is going down toward the EOD. Not normal, make of it as you will!
IMO large block buying pressure shows traders expect up , but MMs want EOD lower. There's a fight going on right now. Event if the EOD doesn't end past the open, I think the traders see it going higher, not lower.
Good sign, we'll see who wins the fight soon! LOL
I'd love to see the gap fill or at least the EOD above the open. That would follow the previous support tests, to indicate a new up trend reversal following quickly.
Monday, Tues, & Wens. charts will show the next several weeks trend.
As Tech keeps posting, up trend still the long indicator, but we won't know how fast the stock will resume the up trend short or if this will flux for a while. Until we get some new short history under our belts.
PS: Expect to see william2112 .222 bottom form!
This formed for 6 days and yesterday & today were the breakout. We hit the triple bottom on incerased volume but it was less than half of the strength, last 2 times and held well.
Symmetrical triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. (Aroons both high & low below 30 NO trend during the 6 days!) Attempts to push higher are quickly met by selling, while dips are seen as bargains. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.) Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.) Research has shown that symmetrical triangles overwhelmingly resolve themselves in the direction of the trend.
Show just how dumb basher are! They actually came to this board, on the expected retrace to tell us how bad things are !!! LOL
Pit, new, strat, Jack, doom - doom -doom, Guess I better run out and sell now. LOL
Thanks for your help!
Well we broke out of the bearish symetrical triange on time and tested the 100 day MA @ 20 with a nice rebound IMO.
The 20 cent support level is a good strong one as the last 2 time it was reached in the last 3 months there were volumes well over 50 million shares.
Monday should be a start of a new cycle and I'll be expecting a reversal as we approch Q1 being released mid May.
'doc80ca'
Turn that chart from candles to line nav and you'll see a bearish Symmetrical triangles that the candles formed the last 7 days, next move down.
good work
Have more free posts left before midnight may as well use them.
Been thinking about expanding on support/resistance, as it has been mentioned lately without much discussion.
Here's some good starting points;
http://stockcharts.com/education/ChartAnalysis/supportResistance.html
http://www.stockta.com/cgi-bin/analysis.pl?symb=GTEL&num1=5&cobrand=&mode=stock
There has been talk of the last support line becomes a resistance line when broken, and vise versa. A support line is established at a low, previously untouched, that the PPs pulls back from or vise versa. Also a line can be a support/ resistance line at the same time. I like to think of them as more then one high, one low or both together, but a series of them above and below, each a challenge with different strengths determined by the days volumes when formed.
There do some homework!
Class dismissed. LOL It's an improtant subject IMO .
Success! read links.
doc80ca
I see the light bulb is getting brighter! Keep it up.
success !!
Watney99
Rereading today I found you had some questions, that weren't completely answered. As usual I'll take a wack at them.
1.Most long term investments can be viewed with 6 mo, 1 yr, 2 yr, weekly charts just fine! But TA info plays a much smaller part of the investment decision long. Normally want to find out previous highs/lows, PPs volitility, and ave volumes, to understand what to expect!
2.As above a long investors would check weekly chart to see responses to company events and determin if they should go back into heavy DD mode to reasure original decision to invest. Not understand a group of patterns, to base a trade on.
3.No, the gap was a fact, outers usually are single trade orders mistakes or ETS (electronic trading system) errors, not PPs actions.
These answers are all IMO
Success !!
OT:freeatlast
We feel you pain! If you stopped believing, and sold you lost 75%. If you stopped believing and still have your stock, you lost nothing!
It hurts when you look under the pillow and there's no dollar. Then you start to believe in you parents instead, bing allowances start.
I believe success will become reality. And waiting for a bigger pay day now! Lost money long last year, still up on my swing trades. Made 1 double this year and expect to win long also. IMO never need the money you put in a spec. play! That way you never lose! LOL
PS: Never bought share of Gtel because of TA.
Luck & success!!
ALL (aztreedoc can't follow link private account, I think)
Seems this board is doing well and the number of experience people are increasing, as more lurkers get over their fright and ask questions about the discussions.
Watney99 just brought up a question as to some posters having an "agenda". Readers will have to sort this out by themselves, because there are 3 things being covered here, so far.
Some posts are about TA black & white, some about the TA that posters like to applied to GTEL and some about posters interpretations of that TA. I would say, only question agenda when we post our guesses on what's going to happen next!
Because it's true, one can pick a chart time frame, indicators used and parameters, to prove a point, plus parameters become a personal thing. This got me thinking about all the questions which have been popping up about parameters. I keep replying; use the parameters to match the chart time frame. But at the same time, use my favorites for different chart time frames. Kind of do as I say, not as I do thing.
I have been saying the correct thing, while doing the wrong, and once again realized I've learned another thing by being here. All TA professionals should strive for accuracy and a long term chart, using short term parameters or short using long does not produce accurate results.
I for one am going to kick off those comfortable old slippers and start putting on a new pair for each time frame, I walk into. A 20 day MA, isn't a good match for a 6 month chart, BB's with a 56,2,9, don't fit a 1 month. But if I'm use to looking at 20 day MA and 56 day BB, I use to just put them in. Another thing many do is just use what the chart company pops up 1st. That's wrong also, they tend to focus on the market their website is focused at.
Sorry, a very long post for a simple subject. LOL Humane nature & TA styles. Humane nature & trading style, Humane nature & good practices.
Lurkers, enjoy our banter, except reasonable explanations, but look deeper. When a topic is discussed, take that topic to a few educational website for DD.
http://stockcharts.com/education/
http://www.investopedia.com/dictionary/
http://clearstation.etrade.com/education/cover.shtml
Sucess !!
DARN the iSP was correct, I have a problem !! Thanks!!!
Can anyone see this chart of EOD yesterday? I'm having problems posting charts, think it's my ISP, they say it's my browser. If you can see it please let me know
Thanks.
PS: Thanks, fashion! In @ .084 this AM.
techBear
I agree with your aroon 5 (shows promise) and macd above 0, but am conflicted because, I also see an descending triangle forming Wens, Thur, Fri, Mon, Tues. With the bottom a day or two out.
So we have 2 short term indicators conflicting and Wizetradr bear candle eval, with my other mid term indicator looking down trend. I leaning negative tonight. Not as negative as wize, more in line with William2112 .222 botton, because of aroon 5 & macd conflict.
One thing we all have in common, this is a hard week to predict! LOL. We'll see one way or the other by the end of the week. Yes, a good PR could knock us all out of the boxes!
PS: William2112 keep up your candle info, glad you got your charts working, it helps explain doesn't it!
Success!
Wizetradr
Accurate post, good eval. Thank you!
For all the so called investors here - For those that don't know what a weekly chart is - Just doing what I do best, TA The attitude could have stayed in you head!
Most are here to learn TA, not who's best! Your chart, eval and statements shows your ability! Your comments not so.
Success !!
TWW - Terremark Announces Plans for a 1 for 10 Reverse Stock Split
Business Wire (Fri, Apr 1)
Here's Gtel's closest competitor; size wise, same market cap, 1/2 OS, twice PPs, 3x employees, same EPS, Best I can find went to Amer Exch mid 2004 (could be wrong). Only difference is 99% fo their business is US business; Gtel's is non US business.
Quick DD showed this company is very close to Gtel, without Sanswire, financials about where Gtel should be EOY 2005. Has not been above a buck since listing surge. PPs stagnet! trading around 60 cents.
IT'S BEEN 2 WEEKS since R/S announcement with on PPs fall?
Could this be an example of my website info post? I'm going to watch closely, to see where Gtel may be some day.
kgoodrich, doc, fashion ADD ON J.Lo pattern
kgoodrich it's rocky & tech's board. I just have the bigest mouth.
Doc ADX confirmation in either direction works the same. If the cross is bear then the ADX going up following the DMI- shows down increasing, just like if it was a bull would show the up increasing. If ADX doesn't follow the move should start to change, either case!
Fashion your 8 day eval looks good to me. juststocks likes to use william% & CCI. Doesn't matter to me, I like the way aroon seems to cut PPs action out, leaving just trader buy/sell actions over time, to determine trend!
Anyone notice a double bottom on the 2 day? LOL (NEW TERM)
http://www.investopedia.com/terms/j/jenniferlopez.asp
Jennifer Lopez - J.Lo
A slang technical analysis term referring to a rounding bottom in a stock's price pattern.
Traders like the rounding bottom in a stock pattern because it can be an indication of a positive market reversal, meaning expectations are gradually shifting from bearish to bullish.
PS: MY comcast site is going on and off the last 2 days. charts posted here are being effected. Sorry. Keep trying back to my post, it will show up sometime!
Success!!
ADD on fashion - - 'Laughing Cow' Juststock; keep huffing LOL get well!
candle uses, I understand the basics, should post your question to general board for help there (william2112 is hot on them). my weakest area!
fashion check this link;
http://www.chartpatterns.com/ I'll look at charts I did, will post if it fits you question.