InvestorsHub Logo
Followers 5
Posts 630
Boards Moderated 0
Alias Born 01/26/2005

Re: pitbull74 post# 6117

Wednesday, 10/12/2005 12:57:34 PM

Wednesday, October 12, 2005 12:57:34 PM

Post# of 44374
Pit it looks like trent has turned sideway for right now.
It's hard to say but traders should have sold first thing in the morning and there is going to be total of 3 day pullback.
Possibly to $1.24 or $1.14 unless another MEANINFULL PR comes out and that will invalidate current TA. You can tell right a way that yeasrdays PR about strat created a rally where today's is just one of those "Yeah whatever". That should tell most investors that STRAT is the MAIN reason most are here and core is just a support.

I feel for next 3 days GTE will go down to support area of $1.24. If it breaks that then $0.92 is next support. Right now it's holding $1.43 support but 3 day distrubution will occur so say good bye to $1.43 and hello to $1.24.

UNLESS ANOTHER MEANINGFUL PR COMES OUT. Just my opinion.

TA:
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=gte#ttop

Results for GTE →Stocks To Watch GlobeTel Communications Corp AMEX
Wednesday, 12 Oct 2005, 12:22 pm EST (15-20 min delayed) Current1 day ago2 days ago3 days ago4 days ago5 days ago6 days ago7 days ago8 days ago9 days ago10 days ago11 days ago12 days ago13 days ago14 days ago15 days ago16 days ago17 days ago18 days ago19 days ago20 days ago25 days ago30 days ago Long Distance Carriers

Overall Summary:
60%, Bearish 40%, Bullish

BEARISH Confirmation -
Strong bearish 3 day chart pattern with Strong 3 day distribution.
Confirmation - Strong bearish 1 day moneyflow

Timing Indicators
Indicators for timing trade entry and exits. Timing Help

3 Day Chart Alert analyzes over 120 three day candlestick patterns!

3 DAY CHART ALERT -10, Strong bearish 3 day chart pattern.
-8, Strong 3 day distribution, occurs 20% of the time.

MONEYFLOW -8, Strong bearish 1 day moneyflow by 12:22 pm EST (15-20 min delayed),
occurs 20% of the time.

Resistance & Support Areas Over the past 8 months. Resistance/Support Movie Resistance/Support Help

Type: Number of times a stock has stopped at a resistance/support area, the more times the stronger the area.
Stength: Amount of volume occuring at resistance/support areas, the higher the more significant the area.


CURRENT PRICE 1.42, at resistance or support, 1.43 ± 0.09, type double, strength 9

RESISTANCE ABOVE +16.9% at 1.66 ± 0.1, type single, strength 1
+29.6% at 1.84 ± 0.11, type double, strength 10
+57% at 2.23 ± 0.13, type double, strength 4
+71.1% at 2.43 ± 0.15, type single, strength 8
+107% at 2.94 ± 0.18, type double, strength 10
+139% at 3.39 ± 0.2, type triple, strength 9
+166% at 3.78 ± 0.23, type triple, strength 10
+193% at 4.16 ± 0.25, type single, strength 1

SUPPORT BELOW -12.7% at 1.24 ± 0.07, type double, strength 4


BREAKOUT None.

BREAKDOWN None.

Downside Trade Trade indicators for short trades. Downside Trade & Breakdown Help


Downside ReCalc™ : Adjust the downside trade & breakdown parameters. ( Stock Price: 1.42 )



TRADE QUALITY 90%, Excellent

TARGET 1 Price: 0.9 Profit: 36.6% , for a typical pullback.
Cover Limit/Trailing Cover Limit: 1.58 Loss: 11.3%
Profit/Loss Ratio: 3.2 : 1 - Good

TARGET 1 POTENTIAL Good, there are 1 support areas on the way to Target 1.
Stocks may quickly fall to Targets when there are not many support areas blocking the way.

TARGET 1 SUPPORT -12.7% at 1.24 ± 0.07, type double, strength 4
-36.6% at 0.9 is Target 1

TARGET 2 Price: 0.75 Profit: 47.2% , Profit/Loss Ratio: 4.2 : 1 - Excellent for an extreme pullback.

BREAKDOWN None.









And as Jack always says: "You can't handle the truth! Son"

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.