Saturday, October 22, 2005 1:56:13 PM
Well...It took a little longer than I thought...
It would, but exactly one quarter after YHOO dumped four dollars after reporting Q2 numbers on 7/19/05
It finally filled the gap after reporting Q3 numbers on Tuesday 10/18/05 which exceeded ANALysts expectations...
http://biz.yahoo.com/ap/051018/earns_yahoo.html?.v=9
Look at the fourth chart I annotated in the 'Board Info' section predicting that the gap would eventually fill...It took a couple of days to do it though, as EBAY reported their numbers on the next day, which was a drag on the Internet Sector...What got it moving again was GOOGLE reporting their numbers the following day, which were Extremely good...
As this 6Month/Daily chart clearly shows, the gap has been filled, though the pps as of Friday's close shows it just inside the upper Bollinger Band, and will need to move sideways or down to set up for the next leg up...The chart formed a great looking inverse head and shoulders since 8/22/05 which is a very bullish chart pattern...
The 6Month/Weekly Chart is looking Good!:
The pps this week touched the upper Bollinger Band and retraced nicely...It was the highest closing price in 14 weeks...The 5Week Moving Average is trying to cross up through the 15Week Moving Average, and the pps closed above the 50Week Moving Average for the first time in 14 weeks...The RSI broke up through resistance at 50 and can still move up a lot more before being in overbought territory...The Stochastics have broken up through resistance at 45 are far from being overbought...The DMI+ has crossed up through the DMI-which is a BUY signal...The MACD has crossed up through zero and the fast line has crossed up through the slow line, another BUY signal...The Volume last week was 205,337,700 which is a bit higher than the 195,346,900 that was posted for the week of Q2 Earnings...All in all, a very bullish looking chart for the longer term, though it may need to consolidate here for a while, and I'm hoping that 35.00 will be a support level now:
The 3Year/Monthly Chart:
Shows some bullishness also...The upper Bollinger Band is at 40.00 so that is the potential upside plus some, and the Bands are squeezing together signaling a Big Move is nearing...The chart pattern is a consolidation in an uptrend which is bullish, and there is a a flag/pennant formation there also, with a double-bottom at the end of it which could yield to all time new highs, and blue skies ahead...The 5Month Moving Average is just under the 15Month Moving Average, and the 50Month Moving Average is turning up...The RSI is also turning up...And so is the Stochastics and the DMI+ and the MACD...The diminishing Average Volume is to be expected at the end of a pennant chart formation and is of little concern here...
The perfect entry on the Monthly Chart would have been on last months hammer candlestick, which was the second low of the double-bottom it is currently working on...
I think that YHOO will break above 40.00 by years end, or early in 2006 as this is a Very Good Company with Very Good things in store for it in it's Future...
It would, but exactly one quarter after YHOO dumped four dollars after reporting Q2 numbers on 7/19/05
It finally filled the gap after reporting Q3 numbers on Tuesday 10/18/05 which exceeded ANALysts expectations...
http://biz.yahoo.com/ap/051018/earns_yahoo.html?.v=9
Look at the fourth chart I annotated in the 'Board Info' section predicting that the gap would eventually fill...It took a couple of days to do it though, as EBAY reported their numbers on the next day, which was a drag on the Internet Sector...What got it moving again was GOOGLE reporting their numbers the following day, which were Extremely good...
As this 6Month/Daily chart clearly shows, the gap has been filled, though the pps as of Friday's close shows it just inside the upper Bollinger Band, and will need to move sideways or down to set up for the next leg up...The chart formed a great looking inverse head and shoulders since 8/22/05 which is a very bullish chart pattern...
The 6Month/Weekly Chart is looking Good!:
The pps this week touched the upper Bollinger Band and retraced nicely...It was the highest closing price in 14 weeks...The 5Week Moving Average is trying to cross up through the 15Week Moving Average, and the pps closed above the 50Week Moving Average for the first time in 14 weeks...The RSI broke up through resistance at 50 and can still move up a lot more before being in overbought territory...The Stochastics have broken up through resistance at 45 are far from being overbought...The DMI+ has crossed up through the DMI-which is a BUY signal...The MACD has crossed up through zero and the fast line has crossed up through the slow line, another BUY signal...The Volume last week was 205,337,700 which is a bit higher than the 195,346,900 that was posted for the week of Q2 Earnings...All in all, a very bullish looking chart for the longer term, though it may need to consolidate here for a while, and I'm hoping that 35.00 will be a support level now:
The 3Year/Monthly Chart:
Shows some bullishness also...The upper Bollinger Band is at 40.00 so that is the potential upside plus some, and the Bands are squeezing together signaling a Big Move is nearing...The chart pattern is a consolidation in an uptrend which is bullish, and there is a a flag/pennant formation there also, with a double-bottom at the end of it which could yield to all time new highs, and blue skies ahead...The 5Month Moving Average is just under the 15Month Moving Average, and the 50Month Moving Average is turning up...The RSI is also turning up...And so is the Stochastics and the DMI+ and the MACD...The diminishing Average Volume is to be expected at the end of a pennant chart formation and is of little concern here...
The perfect entry on the Monthly Chart would have been on last months hammer candlestick, which was the second low of the double-bottom it is currently working on...
I think that YHOO will break above 40.00 by years end, or early in 2006 as this is a Very Good Company with Very Good things in store for it in it's Future...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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