jthehut
124 posts
msg #29014
- Ignore jthehut |
10/3/2003 6:33:23 PM
EWZuber:
are you a buyer if acumm/distribution is in accum stage (meaning increasing) BUT the close is decreasing? Also, how do you account for stochastics when this happens ie if stoch is decreasing but accum is happening.
One last question, if money flow increases but price decreases, is this a buy signal in your books?
thanks in advance,
Markus aka jthehut
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txtrapper
548 posts
msg #29016
- Ignore txtrapper |
10/3/2003 8:20:16 PM
DROOY..
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txtrapper
548 posts
msg #29017
- Ignore txtrapper |
10/3/2003 8:25:41 PM
DROOY....
I would have bought DROOY at 1:50PM today 10/03/2003
for $2.70 a share when it bounced off lower L/R would be up $0.15 now.
Prophet.net charts 2d/3m
Never chase a stock.
tx
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EWZuber
1,373 posts
msg #29051
- Ignore EWZuber |
10/4/2003 9:51:26 PM
jthehut
Your first question, "are you a buyer if acumm/distribution is in accum stage (meaning increasing) BUT the close is decreasing? ".
My answer is generally no. It is a very bearish indication for a stock to be trending down while stochastics are rising in accumulation.
"how do you account for stochastics when this happens ie if stoch is decreasing but accum is happening."
I havn't accounted for it to the point that I could explain it.
I have primarily focused on the results of the indicators rather than on their composition. But thats a good question and I'll look into it.
"if money flow increases but price decreases, is this a buy signal in your books?"
I played with Monmey Flow a bit while looking for the mix of indicators to rely on but never really used it much so I can't help you with that one.
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EWZuber
1,373 posts
msg #29052
- Ignore EWZuber |
10/4/2003 10:08:59 PM
txtrapper
Friday DROOY hit trendline support formed from the lows of 8/7 & 9/4 that ended up at about $2.69 on Friday and was oversold at a stochastic value of 12 on the hourly chart when it hit this level. This would have been a good buy point for me too for a short term trade.
Rule 2520 has me down to only one trade left so I felt I had to pass it up because DROOY formed a Dark Cloud Cover candlestick pattern Friday and if I were to get forced out of it then I wouldn't be able to trade for another week and that really makes me unhappy.
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EWZuber
1,373 posts
msg #29195
- Ignore EWZuber |
10/9/2003 5:01:19 AM
Took a position in SPIL today, looking for a break from a consolidation pattern.
Think it was around $2.14 if memory serves me.
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lanninb
17 posts
msg #29196
- Ignore lanninb |
10/9/2003 6:15:04 AM
Zuber,
I enjoy reading your posts. You obviously have a lot of knowledge , particularly of the stochastic indicator and are willing to share. That in itself is a big plus .Keep up the good work.
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EWZuber
1,373 posts
msg #29197
- Ignore EWZuber |
10/9/2003 9:45:05 AM
Thanks. I hope it helps some people out here. I wasn't sure if the concept that I was trying to convey was getting across without the direct use of charts.
A correction about SPIL, that was @ $4.14. SPIL broke 1 month trendline resistance at about $4.11 yesterday.
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petrolpeter
439 posts
msg #29207
- Ignore petrolpeter |
10/9/2003 12:37:06 PM
Hey EWZ,LOOK showed up on a Parabolic SAR scan I veiw daily over at the filter exchange.Don't know if your still holding but you'might get a lot of it back,good luck.Pete.
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EWZuber
1,373 posts
msg #29211
- Ignore EWZuber |
10/9/2003 4:41:22 PM
petrolpeter
Thats the same thing i have been thinking.
LOOK is still very oversold on daily charts and has been doing quite well.
Considering the gains made off the bottom the stock did not sell off much when it became overbought on hourly charts. Now it's oversold on hourly charts and broke a resistance trendline on 5 minute charts but the 1 HR.MA ( 15 period MA on the 5 minute chart ) needs to flatten out a bit first.
I missed this earlier though, LOOK bounced up off a trendline formed on the low of 10/3/01 to 10/3/02 to the exact bottom of the gap on Tuesday morning.
I sold at 1/3 of the position @ $1.54 so damage could have been worse.
Thanks for the heads up.
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