Technical Analysis and Charting

» DanG_6 - Dell

Kirk, Dell looks like it's good at least for a low risk trade here, what with the support in the 36 area and the stochastic oscillator in oversold territory. In fact, I just purchased some at 36 1/2. Since you pointed it out, I will of course hold you personally responsible for any loss! (That's the order of the day, isn't it? Blame someone else!)
I think it's worth a 2-3 point risk at these levels, and should be good for an 8-10 point "bounce"--hopefully. This is, of course, with "fun money".
- Dan

-- posted by DanG_6

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» KirkL - Fair is Fair

so I suppose i get half of all profits too! 8)
Technicial extroidainaire RalphA was on the tube yesterday saying we are ALMOST down enough (5-10%) to be considered a correction and he likes buying stocks like these on big dips.

If I were to play with Fire....I'd be buying semicap equipment stocks for they are better long term bets then Dell and are really getting hammered after some really good news. Sometimes the market just feels like hammering a correction for no good reason.

I do like Dell better than AOL (valuation is key) so I'd buy them over AOL though AOL might have more upside if we recover.

Glad I don't play these games! 8)

-- posted by KirkL

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» KirkL - A few TA Links for Dan....8)

Here are a couple of technical analysis links covering a wide range of topics

http://www.hardrightedge.com/tw.htm
http://www.equis.com/free/taaz/rsi.html
http://www.koslen.com/tao.shtml
http://www.geocities.com/WallStreet/Floo...
http://www.e-analytics.com/tutor2.htm
http://www.clearstation.com/education/co...
http://www.iqc.com/education/indicators/
http://www.geocities.com/WallStreet/Floo...
http://mail.traders.com/S%26C_homepg.html
http://news.bridge.com/NEWS/gfiv4_12.html
http://news.bridge.com/NEWS/gfiv42.html
http://invest-faq.com/articles/
http://www.moneyflow.com/library.htm
http://www.tradermade.com/support/macd.h...
http://www.wallstreetcity.com
http://news.bridge.com/NEWS/gfiv318.html
http://www.worth.com/articles/B07.html
http://www.hardrightedge.com/control.htm (LINKS)
http://www.taguru.com/educational.html (LINKS)

Triangle only
http://www.chartpatterns.com/
http://www.rightmove.com/triangle/about_...

Elliott Wave only
http://www.ozsurf.net.au/elliott/impulse...
http://news.bridge.com/NEWS/gfiv48.html
http://news.bridge.com/NEWS/gfiv316.html
http://www.elliottwave.com/education/ind...
http://invest-faq.com/articles/tech-an-e...

Point and Figure only
http://204.232.40.6/pfbasic.html
http://www.ianr.unl.edu/PUBS/farmmgt/g10...
http://www.teleport.com/~znmeb/pffaq.sht...

Candlesticks only
http://www.iqc.com/education/candlestick...

Fibonacci only
http://www.mcs.surrey.ac.uk/Personal/R.K...

I don't even know what many of these are, but it is an impressive list of links!

-- posted by KirkL

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» TONYBRIG - Wow Kirk!

If you dont hear from me for a while realize
that you BOWG (ged) me down with all those links!

VBOLHH

-- posted by TONYBRIG

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» Karin - Chart for MARKET MOMENTUM

I hope this is not a duplication-
after Kirk's "explosion"--

http://equities.barchart.com/pl/wsrn/mom...

-- posted by Karin

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» DanG_6 - COUPLE of links?

Kirk,
Thanks for the "couple" of TA links! That should keep me busy for the next "couple" of days (see you in, say, July!). Just as well. The market looks pretty trashy right now anyway. By the way, I got stopped out real quickly in my ill-fated Dell trade. But thanks to your generous offer, Kirk, I only lost half as much as I would have. Please remit check quickly. Settlement day is Friday! Thanks in advance!
- Dan

-- posted by DanG_6

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» KirkL - Keith Massey deserves the credit.

I forgot to give Keith Massey on the SI boards credit for compiling the long list of TA links. I sent him our link and he said he would drop in now and then and went on to recommend this discussion to the TA thread there.

Thanks twice Keith!

-- posted by KirkL

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» KirkL - few stocks saying "Buy me"

Good article with a TA slant.

Author is bearish as charts show few stocks saying "Buy me".

What does this mean?:

Of course, there are some exceptions, including a few enterprise software names that are breaking out. And Hewlett-Packard busted out of an O'Neil cup-with-handle basing pattern nearly three weeks ago. Yet, for the most part, tech isn't "ready" just yet.

Can some chartist give a URL and explain the pattern?

-- posted by KirkL

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» DanG_6 - Only 1 of 4 major indices still bullish for intermediate term

Of the 4 major indices (Dow, S&P, Nasdaq, and Nasdaq 100), only one, the Dow, remains bullish for the intermediate term in my judgement. For this reason, I think Bob Brinker's analysis makes a lot of sense (though I don't know how he comes to his conclusions). That is, that the Dow could very well make a new high before a severe correction (or--gulp--the beginning of a bear market), and that the weaker Nasdaq could POSSIBLY also make one. Usually the "big guns" (ie, Dow stocks) are the last to give up before a major change in trend, and I think this time will be true to form. Just an opinion, and I'd certainly welcome others.
- Dan

-- posted by DanG_6

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» KirkL - Flight to quality.

Dan, that would make sense in a "flight to quality" as money came out of the riskier and pricier NASDAQ and into the "better valued and still liquid" DOW or even the S&P500.

Why do you only feel one is bullish? Fundamentals, feelings, TA or a combination possibly with a gypsy input?

BTW, what is an "O'Neil cup-with-handle basing pattern" that I mention above?

-- posted by KirkL

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