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Registered User
Joined: 4/18/2005
Posts: 4,090
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Just curious what you think. I'm seeing C > LR30 good volume today. Positive moneystream and TSV divergence, TSV 18 crossing up through lower BB13. I know they recently had a 2ndary offereing. But that decline is just rediculous. I actually caught the last two up swings. However go creamed on the last upswing fake out. Just got stoped out day before yesterday.
however it's starting to signal "Buy" again I think...My previous purchase was a bit more speculative than I usually go.. but I'd have several stocks gap over my oreder recently.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Scott;
ESLR has a little lower to go before it finds its support (I'm guessing around $8.30). Oil seems like its going to give a bit of a pullback (just the usual market breathing), ESLR and stocks like it will take time to rest whenever oil is pulling back. (The mechanics of that whole issue -- stocks waiting to move while other sectors are correcting -- might be a useful discussion).
A couple of notes about my system (which it appears you are referencing): For what it's worth, I use TSV26 (probably no big difference but just for the record....).
In a downtrending market, I don't see a buy signal until TSV has, at a minimum crossed up over ma13, not just LBB13. Even better is crossing up over UBB13, up over the 0 line is that much better.
LBB13 is sloping down (support slipping away from the candlestick).
Upshot of the discussion? I, personally, wouldn't get in just yet.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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... yet you insist in long positions in a bear market. May be the new monitor will make you some $$$.
/?#???# LOL
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Bigblock;
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