TA on DAVX and a coupla charts...................
Thanks Michael but this is a one time thing. I would not consider becoming
a regular on someone else's TA thread. Hard to explain why...it just
ain't done.
I had a TA thread once, perhaps I'll reopen it someday if time allows. It would be a few
months fron now at the earliest. Plus, I would never again put in the time and effort
that Doug does here. You guys have a treasure.
Okay to DAVX. A really crappy looking chart. Rounded tops that consistently
break support and fail in it's meager attempts to rally. Trading under all it's major moving
averages etc.....UGH!!.....but
Daily chart...http://www.geocities.com/WallStreet/Floor/3879/chart10.gif
This chart shows that with the momentum indicators (named at the top of each box)
have all crossed from oversold and triggered buy signals within the last two days.
The blue lines show what has happened in generally similar circumstances during the
last few months. The RSI, Williams %r and CCI are all at settings of 14 day and the
Stochastics are 5,3,3.
Comparatively it's done well...the last time however it failed. Note that was coupled
with a downgrade. A further note, that downgrade has been reversed. If interested please
look at the news, I honestly have not kept up.
One further note on this chart the security has just crossed above it's 6 day weighted
moving average (grey line)....note when it has done that before. Further confirmation
will occur IF and WHEN it crosses the 10 day weighted (magenta)and as the 6 day crosses the 10.....it's easy to see when that has happened before.
Looks a little better....okay next chart.
geocities.com
Top box green line..I'm not gonna explain this but look at the peaks. When the current
peak is LESS than the previous and turning down it generally signals an ending to the
downtrend. By the way I have not moved the blue lines...they are the same in each chart.
It is less and needs to be for this signal to mean anything. Note this and previous peaks
that are less than their..well their previous peaks...huh?
2nd box from top. White line is the Money Flow Index...self explanatory. The red line
is the composite binary wave. A combination line of Moving ave., Stochs, MACD,
and RSI. Again note it's past movements....both up and down and yes it HAS
given some false signals.
3rd from top. Chaikin Acc/Dis showing some accumulation. and the MACD showing a definite flattening and perhaps a slight upturn.
Lastly in the bottom or chart box I included the RSI 3 day....in red with dotted
trigger lines.
That's it for the case for the daily chart.
WEEKLY chart
geocities.com
Okay the data is compressed into WEEKLY increments.
I'll admit it looks like holy hell. In fact it may have drop some more..........but
when you compress the same indicators into periods instead of days....
again 14 period for RSI, CCI Williams%r and 5,3,3 Stochastics....
You can see how significant the reversal (or move) can be once it kicks in.
Note the indicators....possibly getting close. Not there yet on the weekly.
If a reversal occurs this is a very early stage and still risky. No confirmations
from the weighted MA's!!!!
That's it. Gawd this is a lot of trouble (but not for you NC (;o)
Anyway, those who have followed my posts know how ominous I think the NAZ etc
looks and I have gone mostly to cash. No recommendation.
Hell, this'll probably trade at 5 by next week.
Good luck to all, the above is nothing but talk.
No responses necessary....thanks for your indulgence Doug, good luck to all.
Uh, go ACRT.
Stan
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