Looks Like Mon 24 Oct05 was day to Swing OUT of GTE, huh ? RESISTANCE HAS MOVED HIGHER, SO HOLD GTE CORE POSITION IMHO. BUT MAYBE SWING OUT WITH THE TRADING POSITION.
RSI HIT 70 MON 24 OCT + ADX BAND IS VERY WIDE
CONCLUSION BY JAWZ_2020 TUE 25 OCT @ 2 PM:
EVEN BOTH STOCKTA.COM AND BUYSELLORHOLD ADVISE TO "HOLD"
JAWZ_2020 HAS FOUND STOCKCONSULTANT.COM TO BE MORE ACURATE PREDICTING FUTURE MOVES
ALSO, GIVEN THE HISTORY OF GTEL TO RETRACE AFTER EVERY HIGHER MOVE
JAWZ_2020 PREDICTS THAT GTE WILL FOLLOW ITS HABIT OF RETRACING AFTER THIS HIGHER MOVE, RATHER THAN CONSOLIDATING AT THIS LEVEL BEFORE MOVING STILL HIGHER.
SO, MAYBE SWING OUT WITH YOUR SWING TRADING POSITIONS WHILE HOLDING YOUR CORE POSITIONS IN CASE THE SELL IS WRONG ONLY IMHO ____________________________________________________________________
GTE UNABLE TO BREAK THROUGH RE$I$TANCE @ $ 2.18 - SO FAR
GTE TESTED THE $2.18 RESISTANCE LEVEL ALL DAY TODAY ITS HEADED LOWER
My Sunday 23 Oct 05 GTE update noted a resistance level of $2.18 from stockta.com shortsharks post # 17941 http://tinyurl.com/9xeax ------------------------------------------------------------------- from stockta.com: http://tinyurl.com/92b7h NOTE CHART INDICATORS IN LEFT BAR @ http://tinyurl.com/92b7h from SS post # VERY STRONG support @ 1.59 - strength: 27 < < < < < < < < < (ie, Do not expect/wait to buy now below 1.60) NO RESISTANCE TILL $2.18 - sTRENGTH: 9 < < < < < < < < < < < -------------------------------------------------------------------
The inability of GTE to go past $2.19 MON seems to confirm the analysis by stockta.com based on trading FRIDAY 21 OCT 05.
maybe HOLD GTE until "Discovery" Show on T.V profiles the zeppelin, I mean, stratellite. The run up from last Thursday's PR about the future TV exposure for the company LOOKS LIKE IT COULD HAVE PEAKED MONDAY (YESTERDAY) 24 OCT 2005.
There is a possibility that the actual TV show or other news can boost it past the current resistance level, but probably not, if the only media exposure is the Discovery Show we already now is coming, and which the market has used to test the next resistance level.
HOWEVER THE STOCKTA.COM ANALYSIS SHOWS THAT THE RESISTANCE LEVEL HAS CHANGED. http://tinyurl.com/92b7h
THERE IS NO LONGER ANY RESISTANCE @ $2.18 !! < < <
SUPER STRONG SUPPORT AT 1.76 !! BUY GTE FOR $1.40 IS LOOKING BETTER AND BETTER NOW, HUH ?
jawz screamed BUY GTE 28 Sept 05 when it was $1.43 @ SS + Rocky's see Rocky's TA board 28 Sept 2005 @ $1.43 http://tinyurl.com/bqyau ___________________________________________________________________
Daily Opinion: HOLD Tuesday's very Bearish (down) move, forming a recent low, is not accompanied by increased volume (65% of average), suggesting that the current move lacks broad participation. Unless the volume picks up, the move could be short lived.
Short-Term Opinion: HOLD On a short-term technical basis, the trend is Bullish (up) and the stock is above its 50-day moving average at 1.67 which also confirms its Bullish (up) trend. The stock is extremely overbought according to the Stochastic indicator (78.93). ____________________________________________________________________
Craig Waldrop has not updated his GTE profile since Aug 7, 2005 on the FREE web site http://www.stocktriggers.com/weekly/stock5.html ____________________________________________________________________
STOCKCONSULTANT.COM http://tinyurl.com/9lg3t STILL SHOWS RESISTANCE @ $2.18 (which is gione from stockta.com) next RESISTANCE @ $2.43, STRENGTH: 8 < < < <
also SUPPORT @ $1.84, STRENGTH:10 next SUPPORT @ $1.63, STRENGTH: 6
STOCKCONSULTANT.COM SAYS ODDS FAVOR GTE PPS MOVING LOWER FROM $2.07:
Upside Trade Trade indicators for long trades. Upside Trade & Breakout Help
TRADE QUALITY 30%, Poor < < < < Good trade quality is a combination of good profit, profit/loss ratio and target potential.
TARGET 1 Price: 1.84 Profit: 0% , There has been a strong rally and the current stock price has exceeded Target 1. Stop Limit/Trailing Stop Limit: 1.9 Loss: 8.2% Profit/Loss Ratio: 0 : 1 - Poor
TARGET 1 POTENTIAL Excellent, there are 1 resistance areas on the way to Target 1. Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.
TARGET 1 RESISTANCE Current price at resistance: 2.18 ± 0.11, type triple, strength 10 +0% at 1.84 is Target 1
TARGET 2 Price: 2.09 Profit: 1% , Profit/Loss Ratio: 0.1 : 1 - Poor for an extreme rally.
BREAKOUT None. - - - - - - - - - - - - - - - Downside Trade Trade indicators for short trades. Downside Trade & Breakdown Help
EVEN BOTH STOCKTA.COM AND BUYSELLORHOLD ADVISE TO "HOLD"
JAWZ_2020 HAS FOUND STOCKCONSULTANT.COM TO BE MORE ACURATE PREDICTING FUTURE MOVES
ALSO, GIVEN THE HISTORY OF GTEL TO RETRACE AFTER EVERY HIGHER MOVE
JAWZ_2020 PREDICTS THAT GTE WILL FOLLOW ITS HABIT OF RETRACING AFTER THIS HIGHER MOVE, RATHER THAN CONSOLIDATING AT THIS LEVEL BEFORE MOVING STILL HIGHER.
SO, MAYBE SWING OUT WITH YOUR SWING TRADING POSITIONS WHILE HOLDING YOUR CORE POSITIONS IN CASE THE SELL IS WRONG ONLY IMHO ____________________________________________________________________