| DownThere |
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Member, TeleChart
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| Registered User |
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| Unsure |
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| Friday, April 28, 2006 |
| Tuesday, May 2, 2006 5:08:22 PM |
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The 1.5 level was tested and it held.
It seems that as long as the trading stays above 1.5, the range will be between 1.5 and 2.0
The volume - in my opinion - still has to increase
I am still not sure if the time is perfect to buy at this moment... on te other hand... a quick "steal" between 1.5 and 2 my be attractive for an agressive "scalper"
Speaking for myself... I will not buy it yet.
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SNUS -
(1) What I see is a 28 day decline from the most recent top... currently performing below the midpoint of the Bollinger Bands (2,20)--- the very last candle formation = "incomple dark cloud cover bearish" formation
(2) Price activity is back on the Jan 2006 sideways avenue.
(3) The weekly chart is very much "up"
(4) Truely a long term guy this one.
(5) Those who are "holders" should keep holding...
 Those who want to buy, must allow for the right "moment" to buy... possibly when higher tops and higher bottems present itself again on the daily chart...
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WGAT is in a closing triangle at the moment.
Give it time to test the 1.5 level for support and watch the way in which it moves out of the closing trangle and take your "tip" from that movement.
If the break out is to the upside, volume support (buying power) will help to create thrust.
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ACLS is currently in a slow sideways-down motion.
I recommend only an entry with higher tops and higher bottoms with the support of a simple moving average of 20 under the price action.
The current high volume will however show some movement (eitheer way) any day now. Once entered (bought), keep a close look at 6.50 - 6.60 to avoid a dead cat bounce on this one.
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rmr1976 mentioned Taylor's book method - published 1950.
Do you recommend the 3-day-method or the "tape-reading-method" using the Buying Day, Selling Day and Short Sale Day?
I would not recommend the book for beginners - especially not when Taylor describes the way "Buying Day Low Violation" must be managed.
In all - a book that is not easy reading!
Taylor's big idea - how to handle swings - is the value of the book.
(This is my first post from "Down-There" - South Africa. Thank you for the high standard of the general "talking"!)
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