China Power Equipment, Inc (CPQQ)

[NickC]

Technicals (GMMA analysis): I am still holding my full position and will do so until the fundamentals degrade (I hope this may not happen for a long time :) or the technicals for the longer term fall apart.
GMMA (Guppy multiple moving averages) analisys: >>I can't figure out how to cut and paste a snapshot of my GMMA chart?<<
Because of my longer time horizon I may looking at a daily chart for my GMMA analysis instead of lets say a 30 or 60 minute chart.
The short term moving average group (Represents Shorter term investors/Traders) shows weakness when looking at the latest base that formed since the beginning of December as opposed to the prior base that formed from November 17th to the end of November. This confirms the actions of some on this board (and others obviously) that bailed out in the last two weeks. I also saw this weakness in the 30 minute charts, however I am in it for a longer time horizon and held my position during this weakness.
The Longer term moving average group (represents Longer term investors) this moving average group is continuing to spread apart nicely from each other which shows a longer term investor consensus that all is progressing well.
I note that the distance of the short term group in relation to the long term group is getting wider which is also a bullish indication.
I wish that I could have posted my chart which would have surly made this a lot easier to visualize ..... :)
To summarize in easy terms:
1. The short term weakness shook out some traders out there.
2. The long term picture continues to look good.
>>>>
The hard thing about what we do; the market is a bundle of contradictions. we as traders/investors have to decide which piece of contradictory information we will base our trades on (thats what makes it so hard). I have chosen GMMA to best represent CPPQ's near to medium term picture.
I hope I am right .... I have a vested interest :)

Hope you have a great day and nice to see CPQQ making a new high today and closing above the last 52 week high (all bullish).