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 (17531)	5/24/1998 11:33:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79262

As an addendum to the previous post: Along with BMC which completed a PGDCEB signal on Fri., there are 3 others threatening to signal: HCIA, AGP and the one Ivan pointed out, DEPO. Also, Ivan's concerns being duly noted, MMGC is a double bottomed cat. Hmph, must be Siamese. Doug R

To: Doug R who wrote (17531)	5/25/1998 12:23:00 PM
From: Rooster Cogburn	Read Replies (1) \| Respond to of 79262

Doug On your volume watch list, is it LABS or LABZ? RC

To: Doug R who wrote (17531)	5/31/1998 10:30:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79262

Now for the list of short term bullish patterns for volume watch. The size of this list is indicative of the amount of stocks that became very oversold early last week. I've divided the entire dreadnought "volume watch" list into different categories. For those that like to bottom fish or play short term technical bounces there's the "showing signs of a short term bottom" list. The downside risk is easily identified on these stocks as any trading below the recent bottom put in (unless of course a quick recovery from there on heavy volume is exhibited). Entry is dictated by the beginning of a move up on good early volume: AND ANEN ANGN ARTT AS ASFT ASPX ASTM--very volatile stock ASTX AVRT BCGI--strong sign of a bottom CHK--still trying to bottom...low risk if 4 3/16 is used as a mental stop DAVE--a PGDCEB FDLNA FISV GMTC HCIA--a PGDCEB ICGX--looks like a good one LIPO MAIN MCRE PRTL RLLY TMO UTI VII WBB--a very strong one XION *************************************** Next are the stocks that have broken out of a downtrend or other chart formation. Volume is critical to these stocks in order that they continue moving. Movement early on heavy volume would signal a buy and waning volume as trading nears a close would raise a caution flag. If volume for the day does not approach very recent levels, any continuation is likely to be over for the time being (examples of this critical nature of volume in the following stocks can be seen in last week's performance in RECY, RAYS, MTIC, RGEN and MEDX): AIM.....ALDNF.....APCO.....APOG.....ARTC.....ASGR ASTE.....ATLPA.....AW.....AZA.....BFT.....BIOX BKE.....CLCI.....CML.....CSNO.....CSRE.....DTE DUK.....EAII.....ELGT.....FFGI.....FNM.....FRE GPS.....HURC.....IVX.....KTIE.....LHSPF.....LTC MATH.....MDYN.....MTON.....NTKI.....ONPT.....PLAT RNTK (looks very good).....TACO.....TXCC.....VVTV ****************************************** Next up, stocks that really got hit hard last week and are on there way to what could be called a strong recovery: ABN.....BAR.....DBCC.....EXPO.....HNV.....MCLL.....WAST ************************************************ Last but not least, the rest of the list with assorted short term bullish stuff going on in their charts: AABC--thinly traded but lately the majority of it is on the buy side AAHS--could sneak up and go ABE--a strong breakout ABTX--look for a break above 19 3/4 on volume as a signal ACTC--could sneak up and go ACYT--A nice bullish engulfing candle on Friday AHA--could easily roll back up to 20 again AINN--seems to be waiting for uptrending support to arrive AKSY--monthly chart remains bullish ALHY--a decent sized bump up is possible ALLS--A nice bullish engulfing candle on Friday ALN--now that's a short term unsustainable down trend, a quick bounce is likely soon ALSC--approaching the major down trend line for a nasty retest of the MIMBO AMHC--the most frequent entry to the "volume watch" list AMTC--resolving a pennant--upside break on volume would be a buy signal--volatility suggests a quick trade ANIK--could sneak up and go ANLT--is telegraphing 35 for starters ANRG--looks to be moving strongly AQM--wants to move up and test 5 again ARMF--possible quick speculative trade opportunity approaching ARWM--hmmmm ASGN--looking ready to resume ASHW--another unsustainable downtrend--a good bounce at the bottom is likely ASM--current strong volume with a breakout possibility just overhead BDK--seems to like it up there BLDG--still maintaining well BUS--a nice triangle--wait for the breakout on volume COST--seems to like it up there DEEP--hmmmmmm EGPT--HMMMMMMM C, F, GM, HDI--looks like stock market profits are being turned into autos and hawgs GNTIY--interesting ascending triangle GPI--newly broken out GRH--nice pennant GTNR--another nice pennant HDIE--its HTF is still very much intact IVIP--a possible snap back is in the works--watch it closely KRY--still well positioned for a breakout LABS--uptrend intact leading into the beginning of a symmetrical triangle LAKE--a very nice day on Friday LPGLY--still chuggin' ORNGY--still chuggin' SCVL--looks very ready TFCE--has everything going for it. I'm in it @ 2 15/16 for starters. If it goes, I won't chase it past 3 1/4 though (I'm funny like that) Doug R