Technical Analysis and Charting

Top 147. Apr 14, 1999 3:25 AM

» TONYBRIG - Bad T/A's people

Dan

If jerry Favors (sucks) so to speak then why
does CNBC keep using him?

How can we expose these phonies?

VBOLHH

-- posted by TONYBRIG

Top 148. Apr 14, 1999 7:22 AM

» KirkL - Charts n Bears

Cool chart, Greed! Thanks for sharing it. I like you you use graphics to illustrate your point.
How about looking at the chart for ^RUT and how it was forming a classic H&S (Head & Shoulders) pattern recently? That was extremely bearish if I remember….. what was the result?

Dan/Tony - CNBC is a news show so they feel obligated to show opposing viewpoints. It is clearly getting much more difficult to find bears with credibility. I watched this new bear on NBR last night, Mike something, opposing bull Michael Holland. The guy was terrible and appeared to be sharing the same prescription with Roger! He actually seemed high! The only one I find with credibility left is "Honey Bear Gail Dudak" and she is probably too mild to provide entertainment on a "news show". She admits to being in the market, just only at a low level.... she isn't short.

-- posted by KirkL

Top 149. Apr 14, 1999 7:46 AM

» KirkL - TA Fails?

Either that, or this H&S Chart needs to see a Dr to have that growth removed off its right shoulder! It is now about equal to its nose!

Dan, when would you declare this chart predicting a bear in the Russell2000 a failure? To my eyes, unless we have a reversal today, it predicted the bottom which is 180 degrees off what it is supposed to predict!

-- posted by KirkL

Top 150. Apr 14, 1999 1:01 PM

» DanG_6 - SNC and $RUT

First of all, I sure don't see anything in SNC to get me excited, at least not on the long side. It's been in a downtrend for almost exactly a year, and still sports a P/E ratio over 100. If I HAD to take a position, it would be short somewhere near the long term downtrend line starting in April of last year.
As for $RUT, a perfect example of a H&S failure. Nothing works 100%. But hey, that's what stops are for.
- Dan

-- posted by DanG_6

Top 151. Apr 14, 1999 1:13 PM

» GoodGuy - SNC charts

Hi Jen,
Thanks for sharing the chart. Is there more explanation (for understanding puspose) available any other place ?

TIA,

-- posted by GoodGuy

Top 152. Apr 19, 1999 10:50 PM

» DanG_6 - One-Day Reversal?

Today's action in the Dow sure looked like a one-day reversal to me. First a tremendous rally, then a total retracement, and finally closing with a loss near the day's lows. And the volume was huge. Could be the start of that correction everyone has been waiting for. Of course the Nasdaq had a heck of a correction just today! More to come? I would say so. Anybody else care to take a guess?
- Dan

-- posted by DanG_6

Top 153. Apr 19, 1999 11:06 PM

» KirkL - Kirk's TA...

Dan.

I agree it sure seems a good chance for a one day "correction" which will turn out to be just more noise in a market working higher. FUNDAMENTALS actually should have driven everything higher today (with all the good news) unless someone thinks the World will recover completely in a week and we'll have inflation suddenly due to Russian and Chinese workers going on strike for chaufers to drive them to work...

My guess is was a "Rodman Correction" where the stock market couldn't find its shoes and socks for a day and thus had to go down to prove it is not supposed to make sense every day! The next day, the Lakers fired his sorry arse thus we can most likely get back to the business of being in a bull market tomorrow.

Also, if I look at charts of some stocks I follow, it seems they just got back onto their more normal growth curves after getting ahead of themselves. MSFT and INTEL do this all the time... What else is new?

just a guess... 8)

-- posted by KirkL

Top 154. Apr 20, 1999 4:00 AM

» TONYBRIG - Market

Nervous Im ready to act on any kind of News
vehicle to me.
Prepronderance of Bad News it tanks.
A leader reports Good News then maybe it will
change.

VBOLHH

-- posted by TONYBRIG

Top 155. Apr 21, 1999 8:50 AM

» DanG_6 - Advance/Decline Line Chart

Anyone interested in keeping tabs on a daily plot of the advance/decline line chart can do so by visiting the following website, which is updated each day.
http://www.decisionpoint.com/DailyCharts...
This shows how fewer and fewer stocks have participated in the bull market in the last year. Can't put any time frame on this, but I think it just shows that the "market" is a lot less robust than it would seem at first glance.
- Dan

-- posted by DanG_6