Tuesday, August 02, 2005 6:33:41 PM
YHOO--RBAK--CPTC--Rock On!...
YHOO:
I didn't trade YHOO today as I was busy with the two below...
I kind of wish I had...After four sessions of underperforming the Nasdaq, as is usual, today it outperformed by a LOT...The runup that lasted until noon was too steep, so a 50% retracement was expected...Look at the doji candlestick it formed at the top...Now the RSI is turning up at above the 50 line...I'm looking for the DMI+ and DMI-to diverge...The stochastics to rise..."IF" there is a MACD kiss...It all depends on what the Nasdaq does tommorrow...Both the Naz and the S&P 500 closed at four year highs AGAIN today...You would think they were getting toppy, but the rally continues...
RBAK:
I can't say enough good things about this one...It has a way of Continuing to AMAZE me!!!...It is famous for stairstepping up, which is one of the best bull chart patterns I know...Not too far-too fast...The two year weekly shows it having already broken out into clear blues skies, with NO resistance all the way up to 11.00 GO REDBACK!!!
CPTCQ:
Another very strong day again today, even without a PR...It exceeded my expectations after breaking above 2.55 at the open by nine cents (I figured it would top out around 2.75 and it went to 2.84 instead)...Then I expected a pullback to around 2.65 and it didn't...It closed at the high of the day at 2.84! I'm looking for a PR before the open tomorrow, and if not, will be listening to General Cable's Conference Call at 10am tomorrow, to see what GOOD things they say about CTC... If it breaks above 2.84 within the first hour of trading, I think it will take out 3.00 tomorrow...The day it takes out the old intraday high of 3.17 I will finish loading up the truck (The BIG Truck) and put the cruise control on autopilot, kick back, and enjoy the RIDE!
Good Luck To ALL ;^)
#board-4166
YHOO:
I didn't trade YHOO today as I was busy with the two below...
I kind of wish I had...After four sessions of underperforming the Nasdaq, as is usual, today it outperformed by a LOT...The runup that lasted until noon was too steep, so a 50% retracement was expected...Look at the doji candlestick it formed at the top...Now the RSI is turning up at above the 50 line...I'm looking for the DMI+ and DMI-to diverge...The stochastics to rise..."IF" there is a MACD kiss...It all depends on what the Nasdaq does tommorrow...Both the Naz and the S&P 500 closed at four year highs AGAIN today...You would think they were getting toppy, but the rally continues...
RBAK:
I can't say enough good things about this one...It has a way of Continuing to AMAZE me!!!...It is famous for stairstepping up, which is one of the best bull chart patterns I know...Not too far-too fast...The two year weekly shows it having already broken out into clear blues skies, with NO resistance all the way up to 11.00 GO REDBACK!!!
CPTCQ:
Another very strong day again today, even without a PR...It exceeded my expectations after breaking above 2.55 at the open by nine cents (I figured it would top out around 2.75 and it went to 2.84 instead)...Then I expected a pullback to around 2.65 and it didn't...It closed at the high of the day at 2.84! I'm looking for a PR before the open tomorrow, and if not, will be listening to General Cable's Conference Call at 10am tomorrow, to see what GOOD things they say about CTC... If it breaks above 2.84 within the first hour of trading, I think it will take out 3.00 tomorrow...The day it takes out the old intraday high of 3.17 I will finish loading up the truck (The BIG Truck) and put the cruise control on autopilot, kick back, and enjoy the RIDE!
Good Luck To ALL ;^)
#board-4166
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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