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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: robert b furman who wrote (89916)	2/23/2017 10:54:11 AM
From: Underexposed	Read Replies (1) of 218584

Ok... it is a few days later and COHU is showing very bullish still. Here is an update on my first chart which I call my "Trigger chart" because it is easy to see breakouts as I have already shown you. I will also show this time my "Sentiment chart" which lets me know if bearish elements are setting in. Remember I said on my first post that the best scenario was for the share price to re-enter the Bollie envelope on a positive drift... well it has done it in spades!! Well this is the fourth day above the upper Bollie.... if it stays there 2 more days this stock will break a record for my observance of this action.... Look at the indicators in this blue circle... only the Slow Sto shows a sign of curling... Very very bullish IMHO. Many would say that the Slow Sto is in an "over bought" situation.... I AM NOT OF THAT OPINION. I will talk about this more when I discuss the RSI in the next chart... Being over 80 in the Slow sto is just a very bullish situation. here is the next chart in my quiver. I like this "sentiment chart" because it gives me a handle on whether I should keep a stock when it is in the consolidation stage after a breakout... this stock is a couple of days away from that stage though. *My philosophy regarding indicators is that all indicators lie* every now and then. You cannot depend on them totally to give good indications all the time. However, they don't lie at the same time if you choose your suite of indicators properly.** So when I evaluate a stock chart each overlay and especially the indicators can be judged: Bullish...Mildly Bullish...Neutrally Bullish....Neutral....Neutrally Bearish....Mildly Bearish....Bearish once each one is evaluated then you cancel out opposites (ie: mildly bullish cancels mildly bearish)... what is left over is a consensus of the status of the stock. This is usually a reliable result. the only bear result in this whole chart is the DI +/- in the ADX indicator in the arrowed circle(I don't pay attention much to the black line which is supposed to show the strength of a movement...I have found this iffy). That is a bearish cross...above it the RSI is neutral and the Force 100 is mildly Bullish. I have 2 more indicators to look at in another chart. In the first chart the MACD on that day is neutral and the Slow Sto is mildly bearish to me...as an example. Finishing the ADR... currently it is bullish... see how green line has renewed an upward ever widening from the red line. the RSI is over 70... bullish The Force 100 after taking a bullish jump a few days ago, is still rising ... Very bullish (I sometimes add a "very" to the extremes :) You will note I have the Parabolic Sar in the main chart... I generally ignore it unless it strikes from the top of the share price when near a bollie squeeze (circles) then I find it a nice confirmation of bullish breakout. On a major breakout like this some people watch the Par Sar rise and would sell when it strikes the share price again... I watch it but I don't really use it as such. I was going to discuss how to evaluate RSI and similar indicators that oscillate from 0-100 units but I cannot find my graphic on this right now... perhaps another time. Conclusion: What a nice stock!!!! IMHO it will approach the consolation stage following this rise in a couple of days. Then it will wander and eventually return to and oscillate around the 20daySMA and you will come to another Bollie squeeze eventually... It is then you pay attention to the trigger chart to get clues as to what to do. Very nice pick!

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