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Instock--Here's some comments about some of our favorites that I want to make tonight. First, wasn't RECY magnificent today? It blew out all the cobwebs it had been collecting with one blast. It broke out the top of its channel and scored a powerful BOP reversal, as well as OBV and TSV moving into gear. Another interesting note , as a follow up to a post I did some time ago, relates to the whole Waste Management group. I looked at the chart of the group and it also broke out above its channel and registered a moderately improved BOP after 2 months of kaka. It looks like RECY is leading the way with its percentage increase today. Along the same lines, I want to mention another industry chart that relates to other favorites of ours. The Aerospace group. In the last two days, it has broken out of the upper portion of its channel and reached a new high today. (for those of you with TC2000, its symbol is WG100, and The Waste Management group is WG850) This bodes well for LUNN, CADE, and PCTH. PCTH and the warrants still look like superb buys here and also a little lower. Cary, I think I wimped out when you gave me the IBD average volume figures last night and I backed away from my statement that I didn"t think the volume was strong enough to break through 4 3/4. What I was thinking was that the two previous days had much stronger volume leading up to the previous high and it would seem more aesthically balanced if the breakout was more powerful. I don't know if that's written anywhere, but its what I feel. I think PCTH could go down to 4 1/4 or even 4 1/8 interday and be an even more sensational purchase. All the technicals that I look at are in great shape. I don't know what to think about CLHB. It just seems to be gliding along, half asleep, but not losing any of its technical power. I just feel that its going to surprise us one day with a real pop upward. See Doug's late August post on this sleepy phenomena, already cited this evening. Everyone has already said how great HURC and CADE look and I agree. This may be my longest post on SI. Enuff, Myron |
