Doug,
Thanks for taking a look at the four I mentioned. I'd be especially curious as to your thoughts as to whether any of them are worth entering at this point. (also, STMT and USAD, for that matter).
As I mentioned to Ivan, it is quite frustrating to track a sequential, and see it EXPLODE in one day without being in it! I'm really hoping to be able to come up with some filters to apply to the sequentials, as, at least in my opinion, the sequential is a good indicator to start from.....it just needs something more...and hopefully you or someone else can provide something to help in this arena!
well, on to your question...
AKLM
I'm sorry to say that AKLM has no sequential in progress right now. (the setups just keep on get cancelled out! for instance, look at 6/17/99...) In fact, it hasn't had a sequential in the last 150 days...
There are two TDST support lines that exist from the last 150 days [generally there's no point to go further back than that], and they are 6.09 & 5.63
Note that TDST lines apply to CLOSING prices, so even though today's action dropped below both these lines, the close was above the, so these lines are still intact. So far, the 5.63 line seems to have been holding very well on a closing basis (only one violation on the close over the last 150 days). In general though, I'd be wary of this one, unless it starts to show the TDST lines as support over the next week or so.
-dave |
