Sergio--I haven't posted TA to you for awhile and I have a lot tonight. I did a little study with my favorite TC2000 indicator, TSV, or Time Segmented Volume, which as you remember is an indicator very useful in recognizing changes of direction in a stock or the market. I just posted some results of this study over at my thread, 99 RS stocks and I came away feeling pretty pessimistic about the whole market. So I decided to look at as many of the 56 thread related stocks that I have on my watch list. I divided them into 4 categories based on their 18 day TSV setting. The Negative TSV group, Neutral with a slightly negative bias, Neutral with a slightly positive leaning, and Positive TSV reading stocks. Here is the list
NEGATIVES---BDLS, CDWN, ASND(GETTING SOME BULLISH BOP HOWEVER), MJWKF, IPMCF
NEUTRALS WITH A NEGATIVE BIAS---PCTH, MTON, BLSC, AAON, BOSCF
NEUTRALS WITH A POSITIVE BIAS--CADE, COBR, HURCO, CLHB, ARX, DSPT, UTDL, FONR, APSG, MLOG, RADAF(SLIGHTLY POSTIVE), ACRT(SLIGHTLY POSITIVE BUT NOT APPROACHING OLD HIGH TSV READINGS), GGNS, CAWS, JMAR, APCO.
GOOD TSV--JAVC, SEEQ, ATMS,CHAT, NURS(Jim, is this forming a HTF?), TRIBY(barely qualifies), TCEL(good BOP and OBV), KRAN(TOPPY), CCUR, NWCI(barely. I like the stock at 1.90), NOIZ(barely), BORL, CPIA, TLC, THQI, SRSL, LAMN, LABZ, FIIF(for Carole), and of course RECY, which like RADAF has a TSV that has not approached previous highs.
BTW, the WASTE MANAGEMENT GROUP gave a buy signal today using the TSV indicator. Good news for RECY. I hope this helps somebody. Oh, I almost forgot, the 56 stocks overall look better from the view of TSV then most of the 99ers right now. Later, Myron |
