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.

Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (580)	1/23/1999 7:40:00 PM
From: Ward Nicholson	Read Replies (3) \| Respond to of 2259

TUV: Please, by all means...question my reading of it! That's what this thread is all about. The first thing I ever look at is the slope of the 40-day EMA...the trend is your friend right? tscn.com TUV is trending nicely above it's rising 40-day EMA. It's not that I don't ever trade on the long side when the 40-day EMA is moving down, just that the probabilities are with you when it's trending up. With respect to stochastics...remember that this indicator works best when a stock is in a trading range as opposed to a trend. If the slope of the 40-day EMA is the benchmark used to determine whether a stock is trending or not, I would definitely argue that TUV is trending upward and, therefore, that stochastic is not the correct indicator to use here. Stochastics will often signal a sell when a stock is breaking out to new highs for weeks on end. OBV...sometimes this indicator is useful, sometimes not. Looking at TUV's OBV, it doesn't seem to give any useful info. Because of the lack of liquidity in TUV, when you get some block trade going through and the stock happens to close higher for the day, then you get these false jumps in OBV... tscn.com MACD [12,26,9] is giving a buy signal, but I would agree that it's not a strong one given the pattern of the histogram... tscn.com So, that brings my bullishness down to subjective judgement with respect to the chart itself... tscn.com It appears that TUV is looking to retest it's all-time high, as the long-term trend is still up. I don't know how to quantify what I'm saying here...this is a very subjective field. Of all the charts I've looked at, this one falls into the category of "probably going higher". Must go for now...having sushi with a friend. Later. WN