American Bulls "Sell-if" we always see the "buy-If", lets look at the other side.
KATX
KAT EXPLORATION INC
Daily Commentary
Our system posted a SELL-IF today. The previous BUY recommendation was issued on 05.06.2011 (6) days ago, when the stock price was 0.0130. Since then KATX has gained 18.46% .
The market considers a reversal but hesitates in doing so. The previous bearish pattern is not confirmed today. According to our rules, it is by now null and invalid. However, a new bearish pattern is developing and another SELL-IF alert is issued today. It is time to repeat the homework. Sounds tedious? Well, earning money is not easy. Keep an eye on after-hours and futures trading and digest all related news events, economic data and the outlook of the world stock markets prior to the next confirmation session.
You must again check if one of the following three bearish confirmation cases holds or not:
Does the market open with a downward gap? Your benchmark is the opening price of the gap. If the prices stay below this benchmark, sell your shares.
Does the market open at a level, equal to or above the previous day’s close? The benchmark is that closing price. If prices during the session stay below this benchmark, sell your shares. In both of the above cases, avoid selling if the prices during the session start going over the benchmark.
Check also the rare case in which market opens with a big upward gap but the day ends with a long black candlestick though still closing above the previous close. Such activity confirms the bearish alert and the benchmark is the closing price of the long black candlestick.
If one of these confirmation criteria is not met, or in case of a white candlestick or doji, SELL-IF alert remains valid (without confirmation) postponing the confirmation search to the next session. Any long white candlestick following a SELL-IF alert, on the other hand, makes the signal void and invalid.
Bearish alert is still valid so existing short positions should be carried. New short positions may be considered only in case of bearish confirmation.
Data provided by: End of Day Data
SELL-IF
0.0154
-0.0001 -0.65%
Candlestick Analysis
Today’s Candlestick Patterns:
Doji
Bearish Harami Cross
Candlestick Pattern
Today a Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Harami Cross Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here.
Phoenix: Scottsdale
Stock Quote
Day's Close 0.0154
Previous Close 0.0155
Previous Open 0.0146
Change -0.0001
% Change -0.65%
Volume 674,531
Stock Activity
Day's Open 0.0155
Day's High 0.0155
Day's Low 0.0141
20-Day Close M.A. 0.0142
50-Day Close M.A. 0.0177
65-Day Volume M.A. 4,650,873
18-Month Signal History
Date Price Signal * $100
Became
05.06.11 0.0130 Buy 37,540
05.04.11 0.0140 Sell 37,540
04.29.11 0.0151 Buy 40,571
04.26.11 0.0183 Sell 40,571
04.21.11 0.0119 Buy 26,435
03.08.11 0.0237 Sell 26,435
03.04.11 0.0224 Buy 25,035
02.10.11 0.0285 Sell 25,035
02.07.11 0.0280 Buy 24,645
01.19.11 0.0360 Sell 24,645
01.14.11 0.0380 Buy 26,067
01.11.11 0.0420 Sell 26,067
01.07.11 0.0342 Buy 21,268
01.04.11 0.0410 Sell 21,268
12.31.10 0.0320 Buy 16,633
12.17.10 0.0625 Sell 16,633
12.10.10 0.0650 Buy 17,333
12.02.10 0.0830 Sell 17,333
11.23.10 0.0700 Buy 14,647
11.10.10 0.0760 Sell 14,647
11.04.10 0.0609 Buy 11,761
11.01.10 0.0720 Sell 11,761
10.25.10 0.0744 Buy 12,177
10.15.10 0.0785 Sell 12,177
09.16.10 0.0810 Buy 12,590
08.09.10 0.1650 Sell 12,590
08.03.10 0.1444 Buy 11,040
07.21.10 0.1400 Sell 11,040
06.29.10 0.1810 Buy 14,302
06.24.10 0.1775 Sell 14,302
06.18.10 0.1250 Buy 10,092
06.09.10 0.2200 Sell 10,092
06.07.10 0.2100 Buy 9,653
06.01.10 0.2390 Sell 9,653
05.14.10 0.1050 Buy 4,249
05.06.10 0.0800 Sell 4,249
04.27.10 0.0605 Buy 3,220
03.25.10 0.0550 Sell 3,220
03.23.10 0.0550 Buy 3,226
03.18.10 0.0550 Sell 3,226
03.15.10 0.0540 Buy 3,174
02.18.10 0.0540 Sell 3,174
02.16.10 0.0520 Buy 3,063
01.26.10 0.0830 Sell 3,063
01.04.10 0.0180 Buy 666
12.21.09 0.0270 Sell 666
12.11.09 0.0180 Buy 445
12.02.09 0.0196 Sell 445
11.16.09 0.0044 Buy 100
* The negative impact of trade commissions and missed benchmark prices is reflected as -0.2% per trade.
