| Boneapart |
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Member, Platinum User, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, August 23, 2005 |
| Thursday, February 23, 2006 4:27:53 AM |
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Well .... ARBA had some attention today. Heavy volume early on and the price ran to 6.45 mid day. I really didnt like how things went at the end of the day. No news to reflect the sudden interest and looking at previous surges this year, it seems to drop rather sharply. I got out with a 5% gain so I consider it a "win" regardless of what happens Monday. I figured if there was any big news coming out today, the big players wouldnt have let it drop 5% from todays high. I would really like to hear how others would have viewed this activity. The sale is done so its not like there is any monetary risk involved by offering any opinions.
Purchased some ADPT yesterday after unloading CAMD. Im not too impressed with todays activity on it. Ah well. Time will tell.
John
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Well .... I just couldnt take the pressure ... hehe. I ended up putting a stop loss @ 8.77 this morning for a 25% gain. Ended up being a 25% gainer for me. My first big hit. Beginners luck Im sure. If it drops back to fill the gap I may re - enter for a longer term play.
Im still in ARBA. Almost bailed again this afternoon. Guess that " I dont wanna be wrong" syndrome is here 8(. One thing that I did find interesting was the fact only 433,000 shares were traded to the bell ..... of which 165,000 of them were in the last 5 minutes. These stats were from an R/T intrady chart I use. ( Im seriuosly considering a Platinum subscription). Anyhow ... for the last few days when it hits 6.88 it has been a wall to break. In about the last 15 minutes when the volume surge began it broke thru 6.88 and the asks couldnt stay ahead. Suddenly it hit 6.96 and whamo .... Holy Crap! ... a 40,000 share road block. ( generally only see up to 5,000 at its heaviest since Ive been watching this).
It tore right into that wall and in seconds I watched that 40 almost completely vanish and suddenly more piled on. It hit 6 in the aftermarket. Not sure what to think. Ah well ....
Good luck tomorrow everyone.
John
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Thanx for the input everyone. Appreciate the help.
John
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One of the 3 stocks I purchased was CAMD. Now Im not sure what has happened but thought I might share this with other board members. In the last half hour the volume has gone whacko and the stock price has hit the 10% mark. I have no idea why but thought perhaps any board members may wanna take a peek before todays close.
The stock was at very low volume today /shrug.
FWIW
John
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First off .... my apologies for these oversized charts /sigh. They appeared to fit nicely in the preview window.
Thanx for the replies.
Joelfour ... actually when I purchased this thing it was simply something I wanted to watch. I made a note that a target price on it should be at 6.90. (Thanx for sharing the info on a possible long purchase @ 6.92 .... gives me a little confidence that I wasnt too far off the mark from what a seasoned trader might see.)
Wasnt much else happening that day and all of a sudden I noticed it hit 6.90. I have trouble "pulling the trigger" so figured I should get over it and go with my initial instinct ( which I'm still questioning).
Bustermu ... ouch. That looked rather ugly. Actually the chart template above is a Warden Template I saw several times in the Worden notes. I wasnt ( and still arent) sure what settings I should use for the shorter term investment. I "assumed" that the 18TSV in 3 day would in theory be an indication of the momentum over the last couple months? Hehe ... now Im confusing myself. Is this correct .... ave of 3 days = 1 period?
Unfortunately Buster I already updated this evening /sigh. However, using the 67TSV in 3 day mode is still horrific. On the daily 67TSV I would guess is tolerable, showing positive divergence from mid May thru the latter part of August. Using the 67TSV in 2 day appears to be heading north with strong positive divergence.
Im confused again 8). Guess Ill go try and do some more research on the subject. Am I correct in assuming that the 67TSV 3 day is still majorly reflecting the big downfall Jan/Feb.
What Im trying to figure out is what the appropriate period settings would be to get a feel what the consensus is from say ... April and thru this consolidation period.
Thanx again for the replies and please ... feel free to set me straight 8).
John
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Hello everyone. Im new to trading and TA. Recently (prior to obtaining TC) I purchased 3 stocks. This is the one that I " regretted" getting into. Now Im not so sure. After watching some of the Worden videos, I noticed they looked in multi day formats ( something I never knew was possible) to view possible new breakouts. I also had never heard of TSV ( Im impressed and plan on using it alot).
Anyhow .... this 1 day chart looks pretty stagnant. Something I should have waited on for some type of commitment in either direction. However, after seeing the Wordens view in several multi day settings I decided I would take a peek .....
In the 3 day view, the TSV Divergence looks great. Am I interpreting this correctly? Also I noticed with BOP that since the beginning of August its been on a pretty consistent rise.
To be quite honest I was gonna dump this thing tomorrow morning until I saw some of these things in the 3 day perspective. Any input would be greatly appreciated. Not sure if Im seeing things correctly. Incidently for the trading style Im considering following is short term. I don't wanna daytrade by any means.
TIA
John
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I just recently began dabbling in the market. Technical analysis has always interested me so I figured out it was time to delve in and learn. I downloaded several charting programs and began the journey. Every program I got lacked something. I liked certain features of 1 program but didn't like others, so ..... I ended up using certain programs for certain things. The one thing none had was the ability to scroll back in history and actually advance in daily increments.
The analytic tools out there are totally mind boggling to a newbie. I started out just playing around with a system consisting of Macd, Stoch and ADX. One thing I had read in many articles was Discipline being the key and to stick to rules you have made. I have only made 3 trades to date and so far, "knock on wood", I havent lost it 8).
Anyhow .... I ended up getting TC 2500 the other day as a gold member. I am so glad I did. I want to give a warm thanx to the Wordens and Staff for this program and Website! The videos are tremendous and Newbie friendly, not only to learn how to use the TC program but explaining how the indicator works. The Macd, Stoch, and ADX tutorials were fantastic.
The Wordens taking the time out of their busy day to post or create a video explaining in detail why they think a certain stock is potentially a good buy or sell in "kindergarten terms" ( which I require ) is admirable. Im a Construction worker and the last thing I want to do after "the bell" is carpentry.
Thanx again guys. Hope this was the appropriate forum to post these views on. I hope in the near future I will be able to contribute and share any knowledge I learn in the future.
Boneapart
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