Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (11649)	1/31/1998 8:54:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79269

Geez, Posted the same thing twice. I thought the first time didn't take. Yikes. eom Doug R

To: Doug R who wrote (11649)	1/31/1998 11:00:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79269

Well I am running TA's on the stocks I think have great charts. I'll get to as many as I can with brief commentary. Then I'll try to get to requests. A TA of ADTK says to look for 10 to 12% on Mon....if it doesn't gap up. ADX looks like it will take a break here but is strong overall so any dip that is followed by a heavy volume juke to the upside should warrant consideration. Gotta run out to the store for milk and other sundries, back with more soon. Doug R

To: Doug R who wrote (11649)	2/1/1998 1:17:00 AM
From: Doug R	Respond to of 79269

AEN technicals are very toppy. Technically, it looks very shortable. If AHA gets over 21 on volume, don't ignore it. AILP is one to watch very closely in terms of volume for a very nice QUICK trade opportunity (Butch and Laz, two fictional characters in a comic strip, are invited to make their usual mistakes on this one. Their mistakes are a great lessom IMO. Their way of dealing with their own mistakes provide a lesson also). For AILP, only the truly nimble need apply. It's sitting on a hair trigger right now and 30% is possible with volume as the trigger. Watching it for a week or two is advised. Making progress on the list, Doug R

To: Doug R who wrote (11649)	2/7/1998 5:53:00 PM
From: Doug R	Read Replies (5) \| Respond to of 79269

From last week's list, ADTK had a bit of a breakdown Fri. It closed basically unch. for the week. It stays on vol. watch barring any further deterioration. ADX gapped up a bit on Mon., is up 5/8 for the week and looks very, very good here. It stays on vol. watch. AEN was not able to do anything volumewise Mon or Tue and is now accelerating down a rounded top on increasing volume. That's a sign to many to go short on it. The bottom of the rounded top is usually found in trendlines from before the move up. AILP popped on volume on Fri. Up 10.8% for the week. Looks very good. AHA volume never clicked. I'll look at it again next weekend. AINN is getting very interesting. It remains on volume watch. Up a 1/4 for the week, volume growing. AK hiccupped on volume on Tue. It needs to hold its short term uptrend. Up a half point so far. Looks so-so. Continuation still depends on volume. It remains on the list. AKRN has stepped up a notch with a volume hiccup on Wed and good volume on Fri. Another hiccup on volume is all it needs. It remains on the list. AMZN will probably show up on the list every week. I first mentioned it about a month ago along with LHSPF. LHSPF has gone way up. AQUX was miserable. It's removed from the list. ASHW went for nearly a point on Mon. but the close was weak. A definite signal to exit to avoid possible risk. It likes to hiccup though and will be checked daily to see how it might base out here. ALI is up 1/4 for the week. The gap down Fri. is bothersome but the close was enough to keep it on volume watch. On Monday, ALSC gapped up a touch, the volume was obvious early. That was a good hiccup on volume. from 6 to 7 1/2 in 2 days...25%, I should have just sold it there. The ensuing pennant failed as it went back under 7. Overall it was a good profit opportunity on recognition of the hiccup. Chasing it the next day dictated a higher degree of nimbleness as a trade. If the strategy for buying on Tue. was for a longer perspective, it's still quite viable. Support at 6 1/4 looked solid. Friday's close was pretty strong. It goes right back on the list again. AMCV is up 1 3/4 on the week. A good day on Wed. could be considered a "hiccup". Thu. was definitely one. The uptrend was challenged on Fri. but it closed well. Another hiccup will keep things rolling. It remains on the list. ANCO has shown nothing volumewise or pricewise. The 50 dMA is fast approaching. It remains on the list. BEAS hiccupped on Thu. so I bought it. Fri closed just above where it needed to but not as strong as I would have liked. I'm trying to decide on how tight a leash I should keep it on. I'll have it planned out before the open on Mon. BEV volume died early on Fri. stifling the hiccup. When the price surged later in the day, most volume was selling. It remains tenuously on the list. CKEYF is a volatile sucker. I don't quite trust it here but I'll keep it on the list. EGPT hiccupped on Wed. Made a nice move on Thu and pulled back some. Up 1/2 for the week, just over 10%. It remains on the list for another hiccup. I suggest watching intraday trendlines for exit if it does it again. ELGT remains on the list. Wed through Fri is a 3 day widening formation that reached down to check out the 50 dMA. This is bullish if a breakout on volume occurs. ESPRY should be watched very closely. Unch for the week but huge vol. on indecisive seeming price activity Thu and Fri. IFCI hiccupped late Wed. It's broken out now. Up 3/16 for the week so it's not at all out of reach. It looks very, very good. LABZ is still consolidating and still struggling with the 50dMA. It's still on the list. MTON hiccupped on Thu. The follow through on Fri. looks good. It probably needs another volume shot to keep going. I like it for the long term also. ONPT definitely remains on the list. PLAT hiccupped right away on Mon and went just over 10% by Wed. It still looks good for another hiccup, it remains on the list. SEEQ just up and took off on Wed. The close on Thu. was a signal to exit the trade. I'll keep it on the list since it's still under the 50 dMA and may get back over it to start an uptrend. LHSPF is way up. Further review of last week's list and new additions coming up. Doug R

To: Doug R who wrote (11649)	2/7/1998 9:26:00 PM
From: Doug R	Respond to of 79269

On to the PGDCEB's from last week, OCAD is right on the verge now. Good volume and a tick up on Mon. and it's off to the races. FATS signalled on Wed. as it went past 7 1/16 to 7 1/4 with good volume. The break of the intraday uptrend at 8 1/4 on Fri was the signal to exit a quick trade. With the ask now at 8, it would need another volume run to get it going again. The first trade under 7 3/4 will remove it from the list. NANX traded 216K shrs. on Wed. A hiccup when the price move from 5 1/4 to 5 7/16 is thrown in there. It was showing as a buy when it went to 5 3/8 on Wed. and confirmed when it hit 5 7/16. It's up 1/2 from Wed's close so far. 7 then 8 are the next two areas of resistance if it continues up. Early Mon, good volume will be another buy signal if it ticks up on the volume. Friday's closing volume was positive. TTELF hiccupped on Fri. I like it. PLXS flashed the signal on 1/28 and has just kept going. I'll check it again at the end of the week since it's already way up and I wouldn't reasonably expect it to outperform most of the others on the list for next week. MMGC gave a PGDCEB signal on Thu. I expect an uptrend to begin now. NRGN gapped up to 14 7/8 Mon morning and the next uptick was a buy signal. The day to day uptrend was obviously too steep to maintain and Wednesday's failure to hold it was a sell signal for a 10% 2 day trade. ALTS gave a PGDCEB signal on Wed. which failed for a 1/16 pt. loss. I forgot that it had a poor signal history and will remove it from my overall list. Now the GATS: PIR gapped up on Mon. The volume hit on Tue. A buy on Tue at 24 5/8 was good for more than 10% in 2 days. An analyst downgrade on Fri. (go figure) would have made it closer to 8% in 3 days. Since it's a GAT, it stays on that list but I'll remove it from volume watch for now. DVD had the vol. on Tue and the price move on Wed. an uptick with good volume from here would help it go toward 25. I'm not even going to try to make sense of PSX. It gave the volume and price signal 2 Fridays ago and just became a $30 stock on Mon. without so much as a how do you do. It looks like it's going to do it again this Mon. too. COA's volume was screaming all week. It would have been tough to find an entry though. Wed at just over 24 1/2 was probably the only place to get in with any confidence. It's up about 8% from there so far. They declared a dividend Friday and that might push it down a bit now that the dividend has been "captured". DIIG has to hold 27 7/8 on Mon IMO. The gap up and run to 29 7/8 on Mon. didn't follow through. That could be considered unbullish. KNAP has a small float and trades very thinly. A volume signal would have to be something on the order of 100K+ shrs. Now for the bottom fish: MCLL looked very good on Fri. It's definitely one to watch. ASNT stays on the list. MOOV's close on the low on Fri. kicks it off the list. It looked pretty good until the weak close on Wed. TRKN will remain on the list. Next: ASE stopped being interesting. ARTT from 9 3/8 to 11 with volume staying huge keeps it interesting. TLK...still a good possibility. LE definitely got the volume/price hiccup on Mon. and did its 10% by Fri. ASND also got its volume/price hiccup on Mon and did 12% for the week. A rest here if volume eases then another push on volume could come. In any case, it's still on the list. MLOG lost it completely. If you haven't taken your min. 25% in a week on AURA you're not paying attention to annualized rate of return and you're on your own. FCSE has begun a little uptrend since Tue. It remains on vol. watch. Okay, that's it for the review. I'll compile those that remain on the list and throw in the new additions (including the suggestion just previous to this post) on my next visit. Doug R