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Registered User
Joined: 10/7/2004
Posts: 2,181
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Can you say "Blast off"?
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Registered User
Joined: 7/1/2008
Posts: 889
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yesterday it hit a 10 day low...re: short term timing trick thread
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Registered User
Joined: 1/30/2009
Posts: 267
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Nice double bottom now.
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Registered User
Joined: 2/19/2008
Posts: 193
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There are so many charts with pink spikes it makes my head spin. I'm looking at this one and comparing it to WAVE. Both have pink spikes. TIV, MMG, GNBT, FNET, among many others look good too. Could someone talk a little about how they might discern between these? It all makes me very nervous on top of it being Friday and looking as if a retracement is on its way.
Thank you
Jean
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Registered User
Joined: 1/28/2005
Posts: 6,049
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In his 10/6/09 3:04 post here:
jasO501 showed that the stocks in the strongest up-trend tended
to do best.
Since this is a counter trend type trade you are looking for the strongest trend. Since that would be the most likely to resume.
Obviously some traders will also have price/volume/fundamental considerations.
You actually want a large selection of candidates. (my opinion)
It gives you the opportunity to look for the best.
If 1 or 2 come up in a scan. It may be more manageable but you
have to really hope they are the correct 1 or 2.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Good morning;
sorry to be absent so much lately. Anyway, I would not lose sight of this one. Revenues are reported to more than double next quarter and losses have been reduced year over year.
Price is sitting on support right now.
Blessings all!
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Registered User
Joined: 2/19/2008
Posts: 193
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IKAN has found support at the 50 day and has an engulfing candle.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Thanks Sail. this could be a good entry if it clears yesterday's high.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Pressure building.
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