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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (4784)	1/9/2005 7:11:01 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 12411

Neither of those two charts look as bad as the charts of the main indices... "When in doubt, get out..." is what they say, and it's probably great advice... so, you can place a stop below the market somewhere or just get out... or lighten up, I have no feel for those charts, except they don't look as weak at the main indices... I have no spirals for these charts, I only look at the main indices, I don't know if these charts are set in the right proportions for the spiral to read correctly here... GZ

To: robert b furman who wrote (4784)	1/9/2005 9:04:50 AM
From: Kirk ©	Read Replies (1) \| Respond to of 12411

Here is my take on your COHU Chart. stockcharts.com[w,a]daoanyay[d20040101,20050909][pb33!b50!b72!b150!b200!a16.20!f][vc60][iUb14!Lh14,3!La8,21,5!Ld20!Lb14!Lf!Lc20!Lg]&pref=G I moved RSI to the top and add lines at 16 & 16.20 to your chart My read is COHU is testing the tip "^" of the "W bottom" at $16/16.20 made in early Oct. Hopefully, the market has bottomed and we turn up from here. The chart seems to support this idea. Otherwise, it does not look good if the support doesn't hold. For my money, I'd wait for more signs of a turn and perhaps $15.10 if I was looking to buy here because that would be a "reflection" of the July low spike. GZ has spirals and I have "reflections." -g- My fav and leading gainer in 2003 at 3500% is CACS stockcharts.com[w,a]daoanyay[d20040101,20050109][pb33!b50!b72!b150!b200!a8.68!a10.05!a!f][vc60][iUb14!Lh14,3!La8,21,5!Ld20!Lf!Lc20!Lg]&pref=Gturned up... If so, then it won't have dropped enough for me to buy back the shares I sold at $10.05... It was testing support at $8.68 so it would have to drop to the next support level around $7.40 before I'd swing at the fat pitch because I'd want to wait for the CLX to clearly signal a turn or oversold condition. Right now, it is fairly neutral by my read. I guess this is another reason GZ and others use indexes to trade. Less influence by company specific news. Me... I like to think I am an investor in the companies first and I trade around core positions to add value. Thus if I am wrong trading, which often happens, then I fall back on my core belief in the company as an investment. Usually, I am trading by selling shares to take profits then looking to buy them back if they go cheaper... if they don't go cheap enough... no biggie and I just look for the next higher profit taking level. I hang out with GZ and others in the hopes I can learn more about trading indexes.... plus their work gives market direction ideas which helps individual stock decisions.