TIV TA

[jonesieatl]

lefty,

No idea on what that pop was about, could only speculate on the usual "reasons".

The TA setup goes kind of like this:

Aroon Down (8) sits at 100 when a red candle hits the lower Bollinger Band (20,2). That's Day 1. Day 2 has a white candle and Aroon Down moves to 87.50. Then you wait until W%R(9) moves up over 50. That move by itself, in "a lot" of instances, presages price appreciation. Works better in stocks rated A in IBD, you know, plenty of liquidity, fewer games, etc. It has nothing to do with the annotated box I put in, although the setup I just described is called the Magic Box.

Now that box I drew in looks back a bit in time from when the setup described above (the Magic Box) is confirmed. (Like, if TIV keeps its W%R over 50 today, that would be confirmation.) To draw that box you start with the lower right hand corner at the Aroon Down 87.50 which was part of the Magic Box setup that just got confirmed, then draw a line horizontally to the left to the Aroon Down at 87.50 which relates to the PREVIOUS Magic Box confirmation. Not just the next Aroon Down over to the left, but the Aroon Down that was part of a definite Magic Box confirmation. Then you draw the left side by going vertically to the Bollinger Band median line, usually a dotted line between the upper and lower BB's in your charts. Then draw the top by going east from there back to the point above where you started, then come down to your starting point. If the upper BB pierces THAT box, in a lot of cases it signifies the potential for even greater price appreciation than does the Magic Box all by itself. Obviously it shows up when a stock has been in a bit of a downtrend, otherwise the upper BB would never pierce the box.

That "looking back" bit is called the Fairy Square LOL. All these tools have names just for ease of remembering the setup as a whole. Ken Goodman and two other men have been working on these and many others for quite a while, very nice guys, Ken's a saint, if you're interested I'll hook you up.

Just one of many quick tools that I scan lists of stocks with by using my chartscripts in WealthLabPro. It ain't easy programming to find all these sequential moves, but it's worth it in the end. Once you start seeing these things and draw a few out, then keep track of how the stock moved afterwards, what KINDS of stocks moved afterwards, you know, all the documentation you do on real trades or paper trades to make sense out of what you're doing and why you did it and how it turned out ... then you REALLY start seeing them in charts quickly.

Aside from the few stocks we all like to buy and hold based on the longer term "story" that might come with the stock, like on TIV, or the little one I like, NEOM, this kind of thing I'm describing above lets you turn the stock market into an ATM machine, grabbing 5% to 20% in just a very few days on as many stocks as you have the time to keep track of and play. These tools help on the stocks you hold to, for buy points, and even selling points if you want to swing trade a few shares around your core position.

shwewwww, wrote too much, gotta go, contractors here at the house doing some work for me.

jonesie