Wayne,
I was reading over your analysis list for 2/13 and I feel like my data is not lining up with yours!!! I'm using Alphacharts.
Two of many examples:
>>>EFII $20.125--uptrend and 5 day stochastics at the lower bollinger band. Buy here.
I don't see this at all!!! Yes 20.125 is the price - but it appears in a downtrend - 5 day stochastics point down, I read upper bollinger band pointing downward, DMI shows a warning that the cautious uptrend may turn quickly south - I would be on sidelines and wait to see what it is going to do before I would jump in.
>>>ORCL $26.500--uptrend and narrow bollinger bands. 5 day stochastics at the lower band. Buy now or wait for hook.
ORCL appears to be in a downtrend, bollinger bands will only narrow if it comes down a good deal, 5 day stoch looks about half way down like it did with EFFI, with DMI, it is doing something I call "riding the rail" the D+ is riding on the D- line downward. As long as the + is above the - it is bullish but very cautiously so. If we get a day or two of upward movement - then that could be a strong buy signal - but till then, I'd be on sidelines.
In both stocks, the stochastic lines have moved below 80 and are aimed downward fast, bollinger pointed down. I don't understand why I am reading the exact opposite of what you see.
Richard |
