Replies to post #81 on Swing Trading Model

[tothe]

TREP low floater. Let me know how the scans work out on this one if you get a chance.
I am an old school chartist. I do not subscribe to level-2 because I consider it on the level of a mind eating amoeba video game. I hunt in the Adirondacks with black powder and occasionally use a bow and arrow when it is too wet outside.

 
 https://www.marketscreener.com/TRUCEPT-INC-12250337/  
   
  12/28     12/31     01/02     01/03     01/04     Date   
  0.0398    0.048     0.05      0.06      0.081     Last   
  65,728    185,900   48,932    256,853   1,186,756 Volume   
  -10.71%   +20.60%   +4.17%    +20.00%   +35.00%   Change

TREP weekly chart(s)~~~ up 105.52% or +$0.041 to close at $0.081 on volume of 1,678,441.
Average 5(4) day dollar volume was $28,026 ($0.0558 x 502,433)
source: EMA(5) volume and SMA(5) PPS daily chart.


WEEKLY


Technical
~~~ Monday bullish engulfing, Wednesday bull doji and Friday deliberation pattern. Everything is pointing to a continuation of an up-trend using candles.
~~~ Using the 3 month chart we see the rounding bottom pattern setup.
~~~ Technical indicators are bullish on all the charts.
~~~ CONTINUATION (BEARISH?) INDICATIONS: Number or trades per day under 100 for weeks and $20,000 traded per day stinks. I am so glad we busted through the overhead resistance $0.08 that was "written in stone" since the last week of November.


http://thepatternsite.com/BullEngulfing.html
http://thepatternsite.com/NorthernDoji.html
http://thepatternsite.com/Deliberation.html
http://thepatternsite.com/roundb.html
This link is to my trend line interpretation that creates the daily chart pattern.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129649579



COLLINEAR



Trigger chart

#1. AROON- 8 You watch as the AROON DOWN crosses the 75 down and the AROON UP comes up from zero. Most important. (\0/)
#2. WILLIAMS%R- 9 You watch the line cross the 50.
#3. CMF- 15 You will usually only see growth when the CMF is in the negative.
#4. ADX/DMI-5 You watch as the D+ line either crosses the D-, or crosses above the 20.
#5. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping.
#6. Full Stoch- 5,3 You watch the fast line cross the slow line while the AROON DOWN(8) crosses the 87.50. Crossing the 20 would be best, when the Williams agrees.
#7. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day’s close to it is positive growth in a white candle.
#8. RSI 5 you watch as the indicator crosses above the 50 for a quick pop.

THE MAGIC BOX
A gift from The Seasonality Stock Reports Board
The reason that I named this setup the Magic Box was so that you could relate to it and remember it faster. Without relationship to something, it is nothing to us. It must be something memorable to you before you can set it into your subconscious mind and see it always.

(A) The Magic Box is a pure two-day pattern. Basically the "close" of a red candle printing on or near lower Bollinger Band with the next day printing an "open white candle."
(A1) On day one the Aroon Down is setting at 100 on the indicator and price is near the lower Bollinger Band. The Candlestick is dark-shadowed.
(A2) On day two, to form the Magic Box, the Aroon Down must drop to 87.50, and price to form a white candle, to complete the box. No other indicator is watched until this occurs for this setup, just the Bollinger Band and the Aroon Down.

If you see a Magic Box develop, that being, on the first day the Aroon Down going from 100.00 while the close is either on or just above the lower Bollinger Band and the second day the Aroon Down is now 87.50, you have a Magic Box.

(B) The buy opportunity occurs when the confirmation of two things happens: on day three or few days later the Aroon Down goes to 75.00 and the Williams%R comes above the -50%. That is the buy. The Williams must come through the -50%. It may take more than three days but you must wait for the confirmation of the William%R. I have seen again and again, the Aroon Down come down from 100.00 to zero without the Williams ever crossing the -50%, those are the ones you pass on. There will be no growth when this happens. At most there is consolidation or a small drop. During this process the Aroon Up can rise slowly but without the Williams you have nothing.

There are other Magic Boxes that develop in a stock's life cycle, too, and they, too, can give great growth. These are the supported median, the floating, and the rising Magic Boxes. The buy-in criteria, though, will remain the same for all of them. The Aroon Down comes to the 75.00 and the Williams crosses the -50%. June 7th, 8th, and 9th accomplish this in the 2007 HGR chart, though the William%R took until June 13th to confirm. You must wait.

Trading: It is highly recommended that you paper trade the system to familiarize yourself with it thoroughly. As with anything in life nothing is guaranteed, so, always use appropriate stop loss according to your risk tolerance.

Kenneth J. Goodrich
http://investorshub.advfn.com/SEASONALITY-STOCK-REPORTS-1616/



60min 30d
~~~ This is to find out where the sellers came from after we punched through the overhead resistance $0.08.