Replies to post #80 on ABB LTD (ABB)

[lottoplayerslair]

ABB

ABB LTD
Daily Commentary


Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 02.11.2009 (2) days ago, when the stock price was 13.5000. Since then ABB has gained 0.30% .

BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 13.500 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. It opened today with a gap-up and the day’s activity resulted in a close higher than the open. This is one of our valid confirmation criteria.

The slight failure of the previous SELL signal is currently confirmed, too. We closely monitor the performance of the signals, but a few shots missing the target slightly are inevitable when you deal with the stock market. However, such signal failures are more unlikely for higher rated stocks.

We hope that you bought this stock . Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred on the short side last time, but we hope that this is just an exception.

Data provided by: End of Day Data



BUY
CONFIRMED


13.540
+0.1100 +0.82%

Candlestick Analysis
Today’s Candlestick Patterns:
White Spinning Top




Today a White Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.






Stock Quote
Day's Close 13.540
Previous Close 13.430
Previous Open 12.950
Change +0.1100
% Change +0.82%
Volume 4,913,721
Stock Activity
Day's Open 13.500
Day's High 13.735
Day's Low 13.430
20-Day Close M.A. 12.990
50-Day Close M.A. 13.482
65-Day Volume M.A. 5,339,035

[The_Free_Nebula]

ABB - impacted by market but there still is no doubt that in a recovery count on this one being in the mix