USE NEW THREAD!! TA: Technical Analysis &amp; Charting (3150+)

Top 107. Mar 29, 2001 7:03 AM

» 750a - Re: Re: Re: Dent - Looking for 1100?

In response to message posted by nomar:

That Liebovit is a joke. He gives himself so much room "in the work that he does"( I hate that self-righteous phrase), that he can't possibly be wrong. How can he be accurately jugded when he is all over the map. Cripes, Liebo, make a stand and stick with it, ya jerk. What a conceited phony.

-- posted by 750a

Top 108. Mar 29, 2001 7:40 AM

» Kirk - Re: Lower close on lower volume

In response to message posted by Kirk:

Maybe we get a washout in the early AM and then another of those up 8% days to close?

Perhaps there was not much left to "wash out"?

My screen is now showing green and two of my major positions got downgraded today (AMAT and LRCX) and the earnings downgrades were even posted on CNBC in writing! They are now up 3% today. <img src=http://www.suite101.com/images/emoteicon... width=13 height=12>

One stock I bought in January is now back into the green (and I sold some HWP to raise the cash to buy it when HWP was 20% higher so that paid the tax for me!). Thanks again to Ron and Dan for the TA education as that was a falling knife catch and I waited for the TA to signal a buy. We did get a retest of the Dec lows so I saw my stock go negative for a bit, but not by enough to hit my next buy level which is amazing. I am becoming a believer that the TA can help increase your overall return by keeping your hands from getting so bloody knife catching.

Thanks again!

-- posted by Kirk

Top 109. Mar 29, 2001 8:11 AM

» nomar - Re Leib

750a These guys/traders flip flop all day long.He claims to be timer digest # 1 rated trader. I don't know how they track them. On the other hand I dont think he's holding a 6 month 50% loss on the Q's. Thats trading I guess.

-- posted by nomar

Top 110. Mar 29, 2001 10:05 AM

» CaptRon - G'Day, M8s...

Velo, Today:
http://www.raptorgroupresearch.com/

Also, stopped out of yest Qs trade, if anyones keeping track. Gotta deal on Campbells Pork and Beans last nite....8-p

BTW, in making the rounds of sites this AM, came across a name from way back...

To:donald sew who wrote (4455)
From: Justa Werkenstiff Thursday, Mar 29, 2001 9:24 AM
View Replies (1) | Respond to of 4481

Donald: Your NDX 1600 break thesis is supported by breakdown of stalwarts like QCOM, CIEN, JNPR, BEAS and CSCO yesterday. Pressure on these is continuing in premarket. Window dressing pressure to dump any tech at any price at this point should pressure NDX. Sox could join the party if MU report tonight does not satisfy. Also, some analyst is downgrading the chip equipment companies today. Sox looks poised to go down a bit.
Broader Nasdaq is another issue. Will be interesting to see if 1790 and change holds.

Always wondered where he ended up....

-- posted by CaptRon

http://www.bigcharts.com/intchart/frames...

Top 111. Mar 29, 2001 10:07 AM

» Richard_Palm - Some Thoughts on "Bottoming"

I was looking at some charts this morning and found a pitfall in the way I was interpreting them. On a three month chart of QQQ, I have been noticing that it looks like the downward slope was reducing, making it appear that it has been starting to form a broad bottom.

But then it occurred to me that maybe what was really going on is that it has been going down by a constant percentage per unit of time, which would mean that the mitigation of the downward slope was merely a byproduct of the fact that the price is lower than it used to be, and a constant percentage of a lower price is a smaller drop. Put another way, we could be looking at an exponential curve, which has the characteristic that its slope is always decreasing but never goes to zero. To test this idea, I replotted it on logarithmic scale:

http://www.bigcharts.com/intchart/frames...

Holding a straightedge up to the screen, we can see that it is a pretty straight decline since the end of January, with maybe a slight reduction in slope in the last few days, but it is impossible to tell yet whether this is just another blip.

One of the remarkable things about the decline of the past two months is its gradual, inexorable nature. It's been like a slow moving freight train. I've been standing on the tracks looking at the locomotive bear down on me, and wondering if it's going to stop. Each time it hits me, I get tossed a little farther down the tracks, at which point I stand up and wonder if it's going to stop. Each time, there has been plenty of time to get out of the way, but instead it's been wham, plop, wham, plop, wham, plop.

It's the triumph of hope over experience.

-- posted by Richard_Palm

Top 112. Mar 29, 2001 10:09 AM

» CaptRon - Kirk

In response to message posted by Kirk:

YVW, M8. Glad to give a little back for all your hard work here!

BTW, found a site this AM that might be of interest, if you haven't seen it before. Nasdaqs "Heat Map", very colorful!
http://screening.nasdaq.com/heatmaps/hea...

-- posted by CaptRon

Top 113. Mar 29, 2001 10:29 AM

» CaptRon - OT -Telco outlook

Found this on SI. JMHO, but "must read" for anyone holding Telco stocks, bonds or MFs. Too long to copy here, but this is link:
http://www.siliconinvestor.com/stocktalk...

-- posted by CaptRon

Top 114. Mar 29, 2001 10:39 AM

» Andin - Re: G'Day, M8s...

In response to message posted by CaptRon:

Hey Capn., I'll trade you some Rice Krispies for some pork and beans. Wonder if the "Stiffer" is still holdin the Q's.

-- posted by Andin

Top 115. Mar 29, 2001 11:50 AM

» DanG_6 - Kirk, here's a kick in the head!

In response to message posted by Kirk:

I tried to pick up a little more Hewlett-Packard by placing my GTC order yesterday at 29 1/2. Well, guess what the low was today--yep, 29.51! Dang! Missed it by one cent! I HATE these decimals!

-- posted by DanG_6