AI
Wednesday, July 19, 2006 2:54:15 PM
I'm reading a PAIV daily chart right now.
The first thing that impresses me is that the stock is "breathing" nicely, even as is screams upward. Frankly, I've never seen that before. That means every day, peeps are flipping in and out, providing excellent liquidity, which helps prevent a catastrophic crash. You can see the "breathing" quite clearly on the Williams and RSI indicators. Most stocks that uptrend like this are "redlined" at 100%, which can be dangerous. We all know what happens if you redline a car engine for too long lol.
Accumulation shows we have plenty of room to load more shares - it's not yet registering as high as the initial rally from May 19-25.
We seem to be pressing along the upper bollie band in a reasonably sane fashion, although not as conservatively as I would like. And now that we just broke an intraday resistance level of .139, I'd say this thing is green-lighted to go to .18
I really like that there are no unfilled gaps in the uptrend. For a screaming, runaway freight train, it's very stable. It doesn't fly off the rails around the bends lol.
Here's a chart, but it won't show you everything I'm seeing:
The first thing that impresses me is that the stock is "breathing" nicely, even as is screams upward. Frankly, I've never seen that before. That means every day, peeps are flipping in and out, providing excellent liquidity, which helps prevent a catastrophic crash. You can see the "breathing" quite clearly on the Williams and RSI indicators. Most stocks that uptrend like this are "redlined" at 100%, which can be dangerous. We all know what happens if you redline a car engine for too long lol.
Accumulation shows we have plenty of room to load more shares - it's not yet registering as high as the initial rally from May 19-25.
We seem to be pressing along the upper bollie band in a reasonably sane fashion, although not as conservatively as I would like. And now that we just broke an intraday resistance level of .139, I'd say this thing is green-lighted to go to .18
I really like that there are no unfilled gaps in the uptrend. For a screaming, runaway freight train, it's very stable. It doesn't fly off the rails around the bends lol.
Here's a chart, but it won't show you everything I'm seeing:
Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.
>^..^<
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