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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: quasi-geezer who wrote (527)	8/15/2001 6:40:28 PM
From: eichler	Read Replies (2) \| Respond to of 2290

fc, In high school, I topped out at 10 miles per day. Now that I'm 45....I get my exercise on the basketball court. Gotta do something to stay in shape! If my damn life and schedule wasn't so impossibly hectic, I'd take up running again. I can still run a 5 min mile and still run a 60 min 10 mile, even out of shape as I am. It takes the first 3 miles just to break a sweat. Not kidding... Eichler

To: quasi-geezer who wrote (527)	8/15/2001 8:52:56 PM
From: eichler	Read Replies (2) \| Respond to of 2290

fc, OK, let's get down to business home.earthlink.net home.earthlink.net home.earthlink.net Just for an overall feel, we see the daily, weekly, monthly are all negative. The weekly and monthly are less negative due to the recent bounce and the peaked ADX D- indicates an abatement of the intense selling pressure. I would consider this as a positive in that I would expect price to base now for some time and eventually make bullish noises once again. However, on the daily chart, we see stochastics having turned back down, ADX D- is about to cross D+ which would constitute a fresh sell signal. The lowest price I see on the daily goes back to April 2001 @ 1.75 hit on two days. After that jump in May up to a high of 6.50, price has been drifting back down, having drifted below 2.00 on one occasion, 7/31 @ 1.95 where it bounced to a high of 2.50 the following day. If I was stuck in your position (and I would not be...would have taken my loss loooong ago) I would consider playing a new game with that one. Might as well leave your initial position alone, you've waited this long...but I think you can start with a small position ($1,000) and buying and selling that position, increase your shares each time by plowing your profits back into more shares. After a couple of round trips, you will find out how powerful the leverage of your profits are and you will increase your profits without increasing your additional risk ($1,000). BTW, Datek commission is only 10 each way so 1,000 is not too small an amount to start with. Other more costly options will kill you on the commissions..... Before you get all worked up about this idea....take a look at the daily chart (wider view) from a slightly different angle. home.earthlink.net Here, we see I've marked the chart at seemingly regular intervals above the price and below the price. We are trying to get a feel for this stock's rhythm. Note that every single mark made corresponds to a high (one exception) +/- two trading days from the mark. The exception was with price at a low and stochastics giving a buy signal, so the information derived at that time was not too confusing. Know what those marks are?...... The marks above are the Full Moons, the marks below the New Moons. Your stock has a tendency to peak at those time-markers. Idea starting to come together? Also, note that blue line which for some strange reason, price seems attracted and repelled. It's a 30 ema, an idea of my own and it was meant to correspond to the 29.5 day lunar cycle. I use it on all my charts, all timeframes. Why exactly it works so well I really don't care, only that it serves very nicely as a magnet to attract and repel that price. You can use it to great advantage by realizing when price is far away from the line, price will at some point strive to greet it, and when price is close to the line...it will strive to move away. Considering whether the touch is a high or low should further clue you as how to react. Also keep in mind that trading below that line has a negative implication, trading above...positive. The hard part is going to be the initial entry. At this point, we don't want to make a single error. Patience will be our friend. Play with your Playstation if you get bored, but don't make the mistake of jumping in and out excessively of your stock before it is time. You will wait for the lows, and patiently wait to sell (looking hard at those FM's and NM's as target dates!) WITH PROFIT! You're not going to be greedy and hold out for the last penny. If you have a decent % gain, you will take it and wait for your next buy opportunity. Also, if you miss your entry, no chasing price...wait for the next opportunity. Plenty of opportunities, guaranteed. Now, we know we have a NM 8/19, this weekend. Price is coming down. We can confidently expect that we either have a buy or a sell opportunity coming right up. Does it seem likely that it will be a selling opportunity if price is coming down? Not likely.... Let's now take a peek at the 60 min view..... home.earthlink.net Right now, stochastics are oversold (as with the daily) and note the flag formations I've delineated with the angled lines on the chart. The idea would be to sell the peaks and stay out until the apex of the pattern where you would like to reload at the lows and wait for the next pop. We see on the 60 minute we are in buy zone and can try to enter at a low price. Your current trading range is 2.00 (1.95?) to 2.3-2.5 area. From 2.00 to 2.30 is a 15% gain. If you bought near the apex of the pattern before the last full moon 8/4 (stochastics signaled a buy on 7/30 between 2.00-2.05) you could have sold the FM (Blue line touch on daily) at 2.40 (2.46 high) without much difficulty (several opportunities to do the deed 8/2-8/3). 20% gain.... Anyway, I've added this one to the top of my Watch List and if you like, I'll help you track this one. If this idea sounds reasonable to you and you want to give it a go, let me know and I will continue.... Right now, I've been staring at your charts for too long and I'm bored to tears, gotta go do something else. Check it out, give it some thought, let me know. This $hit works, I ain't blowin smoke............. Get yourself back into that saddle, cowboy..... Eichler