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Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (68073)	1/14/2011 5:14:22 PM
From: Natedog	Read Replies (1) \| Respond to of 233845

fast and its free. looks like it could see high .40's on a mild correction with support around .23. Hopefully it just does a high .40ss correction before the next leg up. No idea what the company does. :) stockta.com

To: kidl who wrote (68073)	1/14/2011 5:17:40 PM
From: Natedog	Respond to of 233845

take a company like VAX. stockta.com support at .41 was confirmed and resistance at .55. Pretty much how it traded today. obviously good drill results blow this away.

To: kidl who wrote (68073)	1/14/2011 6:07:04 PM
From: fringe	Read Replies (2) \| Respond to of 233845

KLS Hugely strong. Buy the dips on the hourly and daily charts (notwithstanding dips due to financings... then buy the breaks). This is a long hold. I'd say your best TA bet is to look at the Weekly Chart: Immediately apparent is the initial flag and pennant formation from the spring of 2010, where the flag represents a vertical pole that ran from 0.02 to .27 over five weeks in early summer last year, followed by a consolidating pennant from June until November 2010. Technically that gives you some indication as to the future... a run of .25 could be conservatively expected on another pole if one forms. But, one must also consider what that first run also did... it developed the stock my many hundreds of a percent. This cannot be ignored. Now into Phase 2 the stock appears to be stair stepping in preparation for another move. Assume you want to play the legs.. selling the tops of each. Use the first step out following pennant consolidation, from .15 to .35 (mid-Oct. to mid-Nov. last year), and apply the difference to the second... a 50% run, giving you .70 - .80 clear run on Leg 2 (technically speaking). However, the second move upon the stock is still young and undeveloped.. it may grow even more powerful than strictly applied TA rules wold suggest. It would be wise to remain open to this possibility. Noteworthy observations on Phase 2: Money Flow (MFI) is not consolidating between steps like it did following the pennant on the first formation... it just keeps on building. MACD is just beginning to open up. Phase 2 appears to be in its infancy. There is undeveloped, raw power behind the stock.. the energy building exponentially into the thing as the money goes in and does not come back out on speculation following a rise. Playing the steps could leave one in the dust if it decides to pull another pole. There are many possibilities beyond .80... much higher prices into dollar land could easily be in store, and quickly too... the energy in the Momentum and Money Flow indicators is too pent up and strong to ignore. It's like this second wind is igniting the stock. See: siliconinvestor.com If you have Stockcharts Realtime you will be able to read the chart properly. fringe