EWZuber
1,373 posts
msg #31213
- Ignore EWZuber |
2/26/2004 12:10:51 PM
EMRG just broke out on the 5 min. and 30 Min. charts @ $2.16. Couldn't get a fill anywhere near there so ended up picking some up at $2.19.
The 15HR.MA has flattened out @ $2.19 so there should be support here.
The 25 HR.MA @ $2.23 may act as resistance for a while since it is still in a downtrend.
JMHO
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rn/trader
2 posts
msg #31228
- Ignore rn/trader |
2/27/2004 9:58:42 PM
IPVO at .74 or less if you can on a combination of bolies, flag, volume has dried up, great news, good for a pop to $1 next week if past is any indication. Could possibly touch 50ema but looks like it already tried and failed. Made 60% profit on last run up from .47.
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EWZuber
1,373 posts
msg #31231
- Ignore EWZuber |
2/28/2004 4:12:23 PM
rn/trader
IPVO looks a bit overbought but is showing some indications that it may move higher from here, IMO. I have a suspicion that it will drop to test the 15 WK.MA though at about $0.58 ( & rising ) first. Trendline support is down there too at $0.56 ( & rising ).
Being an OTCBB I won't trade it and my broker doesn't allow it being an ECN.
Nice work on a 60% trade. Congrats.
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muddytraks
40 posts
msg #31233
- Ignore muddytraks |
2/28/2004 6:13:07 PM
Watch BICO Monday ready to run
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rn/trader
2 posts
msg #31243
- Ignore rn/trader |
2/29/2004 7:18:04 PM
EWZuber - Thanks for the response. Here to learn.
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EWZuber
1,373 posts
msg #31257
- Ignore EWZuber |
3/1/2004 7:18:57 PM
ASX...doing very well. Getting a bit top heavy. It had to plow through huge Ask sizes today.
EMRG...went down the can. This is what happens to me when i don't follow my own trading discipline. Someday I'll learn. This should have been closed out when it broke TL Support at $2.27. This would have closed it in the money. Instead I got out today at considerable percentage loss. I was so sure that it would continue higher, that is always a big mistake cause the market doesn't care what I think.
Looks like it wants to test the 100 DMA @ $1.80 as support. I'll be watching for a re-entry point.
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EWZuber
1,373 posts
msg #31258
- Ignore EWZuber |
3/1/2004 7:20:44 PM
rn/trader
I'm here to learn too.
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EWZuber
1,373 posts
msg #31261
- Ignore EWZuber |
3/2/2004 2:47:07 AM
NAVR...showing signs of life again. Has broken TL Resistance on Daily chart. Hourly chart looking very bullish.
EGHT...It bounced down off of the 15 & 25 DMA today but is oversold on hourly chart now and may attempt another test. The 15 DMA is flat and could serve as support @ about $3.88.
HDTV...looks interesting, forming a double bottom on hourly chart.
CRDS... very interesting. Technically looks very good for a short term trade. +Xover on Weekly and Daily chart. Bouncing up off the 200 DMA.
NMGC...worth watching too.
All JMHO
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EWZuber
1,373 posts
msg #31269
- Ignore EWZuber |
3/3/2004 2:05:42 AM
Things were looking pretty good untill Greenbomb spoke today.
.COMP closed below a 7 month Supporting TL again today as it came up against resistance at the 50 DMA but the index has not closed significantly below the horizontal level where the TL was broken. Volume was extremely high @ 2.8 Bill. shares coming in as the second highest volume since this bull market started in Oct.2002. That is in contrast to the buying volume which has been relatively light during this last accumulation phase starting 2/24.
This indicates, IMO, that institutions are selling into retail generated strength.
Short term, .COMP closed below a 6 day Supporting TL @ 2,041 and the 25 HR.MA @ 2,040 so if it doesn't move higher soon in the morning it will likely drop to test the 50 HR.MA @ 2,027 as support.
Weekly chart stochastics are attempting to begin a new accumulation phase which should help keep the market from tanking too badly over the next few weeks.
JMHO
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EWZuber
1,373 posts
msg #31271
- Ignore EWZuber |
3/3/2004 11:23:41 AM
Bought EMRG again @ $1.84 as it broke TL Resistance and tried to sell as it broke TL Support @ $1.97. Even though I was the first to post at that price the order sat for 20 minutes and traded thousands of shares at that price without mine executing. Very frustrating. Ended up selling at market @ $1.93. Oh well, better than a poke in the eye.
.COMP dropped to test the 50 HR.MA as support @ 2,027 and broke through and appears to now be testing it as resistance.
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