Doug,
I've had such an enlightening since meeting you!
I think AILP recently oversold but it's back above the line. I know it's too early for an entry as the technical damage destroyed an Andrews regression channel that covers the past 3 years. Lots of symetry to the 2 major downtrends and good parallels on the uptrends.
It has been in freefall for an eternity and could be ready to signal. That 512 point drop in the Dow ruined the pattern. I used a wide line and didn't anchor anywhere particular, but I sense the fit. Somebody is supporting it as there is obviously money being made in this pattern on this stock, just have to get the timing right.
Ailp broke support, pulled back above it and is sitting there now. Target is the median line at 3.81 and rising but it's a full 2 months out in the price time continuim :)). There is a nice hitch near the center of the channel aprox. christmas 96 midpoint in the downtrend.
I know I can refine this, so lets just consider it a starting point. I haven't attemtpted to calculate any of your magic lines on it and am really interested in your take on it. Lets do a few just for fun and watch it for a signal, a big signal, this markets too risky for anything less. I pulled up AIRM accidentially, and noticed the same type of trading pattern on it but it's got good fundamentals so that can't be possible :) This is fun!
Ailp has been profitable recently, but lost 700k in 95, AIRM has been extremely profitable recently, but lost big time back in 94 and 95, they've turned the corner, but I want my timing to be nearly perfect. GTNR is another I'm watching. I've got CADE support at 1.88 and rising, most recent low was 1.93, it's been freefalling too
osci |
