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Strategies & Market Trends : Under $10 and Popular -- Ignore unavailable to you. Want to Upgrade?


To: aniela who wrote (1718)8/9/2003 12:25:39 AM
From: stockid  Respond to of 1903
 
Well, CC as you can see has broke the 20 day moving average of 9.03 on a strong up day.......

stockcharts.com[h,a]daclyyay[db][pb20!b50!f][vc60][iUb14!La12,26,9]&pref=G

I expect it to break 10....on the break of 10 according to the volume I will sell. Then buyback for the second attempt at a new high. If it breaks 10 with high volume on a nice sector up day I will hold because new highs beget new highs............anyhow I check all the stocks in the port daily....I try and look at what news will effect what sector.....in CC case good news for Best Buy, I thought would seep in and effect CC which it did.

SK

An easy example of this applied to these cheaper stocks...would be the news this week affecting SNDK, which fell quite a bit.....so in correlation Lexr which also sells flash media was effected by the news. Easy short from it's recent year high...now down to 10 something looking forward to buying some soon again.



To: aniela who wrote (1718)8/9/2003 12:34:22 AM
From: stockid  Read Replies (2) | Respond to of 1903
 
As far as WMB, it was a strictly chart volume hod close thing. I look at the green bottom line in correlation with my charting candlesticks. If I see green above the daily average volume with a white candlestick then I watch the next day for the same. If I get it and in the last ten minutes of trading the stock is closing near the hod.....I buy. Because the next day usually brings a strong gap up and now with the three white soilders and the gap......higher we go
.........
stockcharts.com[h,a]daclyyay[pb20!b50!f][vc60][iUb14!La12,26,9]&pref=G

SK

As far as short term predictions it has already past my short term prediction, and now I shall reevaluate according to Mondays movement.