Wednesday, August 03, 2005 12:53:02 PM
YHOO is a runaway train today...
As you can see on the daily chart, it has broken out into clear blue skies, and into the area where the gap can be filled...This could happen rather quickly...On the shorter term charts, it needs to pullback a bit here, as it ran too far too fast today (again)...It has above average volume today for this hour of the session...To be sure it's going to run further, it must close above the close set on July 27th at 34.29 which is the neckline of the double-bottom (or: breakout point) shown on this chart...Too bad I was busy with other stocks again today to be playing this one...Shame on me...After all, this IS the "Daytrading YHOO" Board...I promise if today's close is good, I will be all over this one tomorrow, as it's gaps "usually" fill, and I want to be in on it...
Todays's BIG green candle signals there are more to come, maybe not quite as big--maybe BIGGER! It could go up another two dollars in the next few trading sessions...The RSI is not too high...Look for the DMI+ to cross up through the DMI-...The stochastics have broken out on a "W" and are not anywhere near being overbought...The MACD Histogram is about to go positive, and the Lines there are crossing up...And volume is Good today...All in all, very bullish in many ways...
Good Luck To ALL ;^)
As you can see on the daily chart, it has broken out into clear blue skies, and into the area where the gap can be filled...This could happen rather quickly...On the shorter term charts, it needs to pullback a bit here, as it ran too far too fast today (again)...It has above average volume today for this hour of the session...To be sure it's going to run further, it must close above the close set on July 27th at 34.29 which is the neckline of the double-bottom (or: breakout point) shown on this chart...Too bad I was busy with other stocks again today to be playing this one...Shame on me...After all, this IS the "Daytrading YHOO" Board...I promise if today's close is good, I will be all over this one tomorrow, as it's gaps "usually" fill, and I want to be in on it...
Todays's BIG green candle signals there are more to come, maybe not quite as big--maybe BIGGER! It could go up another two dollars in the next few trading sessions...The RSI is not too high...Look for the DMI+ to cross up through the DMI-...The stochastics have broken out on a "W" and are not anywhere near being overbought...The MACD Histogram is about to go positive, and the Lines there are crossing up...And volume is Good today...All in all, very bullish in many ways...
Good Luck To ALL ;^)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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