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hey, now that we are at this fib resistance are you going to sell your trading shares? I might have been tempted to sell stuff I bought at 7.50 if it had bounced back rediculusly fast to the fib line but now that time has passed the oppty to sell those and repeat before a heavy news cycle...
anyway... check this link for the thread we shared:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66122491&txt2find=fib
Short screaming all over the market...
once a bullish pattern confirms a breakout (by retest or consecutive gains on monster volume (which the market didn't get)) then the shorts start covering and if they are sloppy they will create gaps that need to be filled.
ARIA retested this triangle/failed head and shoulders with 4 days of indecisive trading (look at those three spinning tops and yesterday's final test and recovery)... time for a FOMC injection.
What's wrong with Amphastar that they weren't ready to sell product on approval?
My guess is ARIA opens over 50 sma and closes much higher.
I don't know... a gradual return to the highs is my guess as the Europe overhang (dollar strength) is gradually going to go away but meantime provides bricks for the "wall of worry" as the best stocks fight through old highs... the computers have generated this pattern with two rounds of QE... my guess is those computers are humming and planning out the trajectory of the next arc.
Dollar strength gives Bernanke breathing room to print more money with less inflationary consequence.
Lots of charts just had two closes over the 50sma... friday and monday... over a quad OEX weekend and most everything had strong runs at the end of yesterday... Italy downgrade shrugged off by european markets... time for a rally.
Time for a dividend or buyback, and a lawsuit...
don't lawsuits expose company secrets to "discovery"? even for an investor?
Here's a link to the company PR:
http://www.pranabio.com/downloads/Media%20Releases/Media%20Releases%202011/Zept%2019%20PBT2%20Directly%20Restores%20Neurons%20Critical%20to%20Cognition.pdf
Remember they have an ATM that may or may not have been completed or even started, for that matter... I forgot to look into it. that was july 13... they wanted to sell 5million ADR shares equivalent....
Know what, every chart out there has a 13/20 multiple-kiss look to them. They all seem to wanted to get to 50sma
ARIA is one waiting
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&b=5&g=0&id=p47072138494
did you guys have trouble buying in? I tested tdameritrade and it wants me to call in to make the purchase and I have been to busy at the times to do so.
His wife is supposed to be pretty cool.
yeah, that old support line was drawn on july 27 (or before) and it is still in effect.... pps took 3 days to get down through it and has attacked it about 8 times trying to get over it.
now with the 50 sma right there, and the magic $45million number ($3)... well.... sometimes it's good to be so close to strong resistance.
If QE3 happened on time, the head and shoulders wouldn't have happened and the trendlines would be intact, and that blip would be a coorection like a rock skipping across a lake or a can being kicked down the road... it still may be.
shift in gears from dependence on types of purchases for QE (twist?) and now dependent on uncertainties of effectiveness of jobs bill... things to think about as the break of the neckline and trendline and the bigger correction.
here we are discussing is "how long the consolidation is going to be."
Even if it is sideways, ARIA can move to $13 and still be "bearish" until the double top fails.
thanks bell, I was just laughing at how many times I'd heard the word "MACRO", both here and on the BV board, and a few minutes ago listened to Dalio interviewd on bloomberg... just before they cut out he was fielding something like BTH's "95% asset coorelation"
the problem is, the most bullish and wildest chart patterns are failures of other patterns.
Wow. wonder if it was net long or net short... right now shorts are toast in this market... coordinated support for liquidity and I have been reading a lot about record hedge fund short positions.
Also, wondering what George Soros and Ray Dalio are up to... watching bloomberg interview of MACRO DALIO and here him answer the massive coorelation question.
thanks for that euro stuff and thanks for the soros quote... when was that... i haven't heard from him since he retired but wondered, somewhere, what he was holding (because I am a gold bug).
just this second... google... here it seems http://www.bluefly.com/ is interesting to him.
The trendlines I drew on s&p are with closing prices, so any day very soon could open as low as 1150 but:
"I would like to see it hold"
...and then drink.
Chart shows it and timing is right... By the time the broad market confirms "risk on" CRIS will be pushing a new high.
http://stockcharts.com/h-sc/ui?s=CRIS&p=D&yr=0&mn=6&dy=0&id=p86321395071
CRIS 13 20 double kiss and trying to get above 50sma
http://stockcharts.com/h-sc/ui?s=CRIS&p=D&yr=0&mn=6&dy=0&id=p86321395071
Volume heavy and steady now. Market going up before down into OEX this week.
China owns half of everything... I think they own half of all Canadian gold mines.... but be careful... you don't know what they are worth:
http://www.mining.com/2011/09/12/silvercorp-2011-losses-hit-40-after-stock-plunges-again/
The chart in your post is nice because it is a live one that moves and keeps your annotations. BPAX held up very well in a bad market. I am watching libigel and wondering how crazy a female viagra + cancer vaccine company could get... in a wild biotech tailwind.
nasdaq looking to pop hard... ARIA will be high beta... think market wants a tiny bit of encouragement from President Obama, live, now.
http://finviz.com/futures_charts.ashx?t=INDICES&p=m5
Consider OEX this week. Could break out and retest old resistance by Friday.
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&yr=0&mn=3&dy=0&id=p72281070559
RSI on gdxj is right about where it should be for a stock near 52week highs and an impending breakout.
Market moving jobs speech:
http://finviz.com/futures_charts.ashx?t=ES&p=m5