Any comments on TIE chart?

[mystiky]

looking like it may soon be bouncing back, but how high?

All opinions appreciated!

[Runner]

Having looked at the stocks in the group Tie is holding ground. I’m seeing a weekly reversal and thus caution is needed. I’m bull on TIE down to 34.80. If 34.80 is breached with some energy I’d turn bear on it. Now the sector group chart does not look hot to me. It gapped down 3 days ago and is losing steam.

[New-born baby]

TIE her DOWN

looking like it may soon be bouncing back, but how high?

All opinions appreciated!

Mystiky--
Here's my opinion--remember, its just mine, and its just an opinion.
First, that $12.50 fall the last four/five days is a bearflag. Dow Theory says that TIE will probably work sideways for up to 20 days. If it violates the $35 marker, then you should short the dog down to $22.50. On the other hand, should TIE bounce above the $40 marker, then TIE may very well continue up. I myself expect a neckline break, and much further downside.

[mystiky]

TIE comments

Mystiky--
Here's my opinion--remember, its just mine, and its just an opinion.
First, that $12.50 fall the last four/five days is a bearflag. Dow Theory says that TIE will probably work sideways for up to 20 days. If it violates the $35 marker, then you should short the dog down to $22.50. On the other hand, should TIE bounce above the $40 marker, then TIE may very well continue up. I myself expect a neckline break, and much further downside.

Appreciare everyone's input.

I assume that both of you (New-Born also) are saying that if it CLOSES below 34.80 then it's furthe downside. What about if it gaps down, touches $33.xx during the day but closes at 35.50 at the end of the day?

Again, appreciate the comments.

[Runner]

Be careful of gap downs from high levels as it often shows a change in character and the start of a leg down. I’d leave it alone myself because as we all know the market is in shambles. I still think a bounce will get sold IMO.

[DSteckler]

Mystiky--
Here's my opinion--remember, its just mine, and its just an opinion.
First, that $12.50 fall the last four/five days is a bearflag. Dow Theory says that TIE will probably work sideways for up to 20 days.

Huh? Dow Theory has nothing to do with TIE trading sideways. Dow Theory says that movements on one average (Industrials or Transports) be confirmed by the other.

[New-born baby]

Sorry

Huh? Dow Theory has nothing to do with TIE trading sideways. Dow Theory says that movements on one average (Industrials or Transports) be confirmed by the other.

Dave,
I know we have had this conversation before, and I am sorry but I disagree with you. Yes, your statement is correct. But Dow theory goes far beyond the concept of the industrials and the transports cannot diverge for any length of time because whatever is made must be moved. When I speak of Dow Theory, I am speaking of the work of Chas. Dow in identifying chart patterns and what they mean to the future price movements of a stock.

Thanks for trying to be a help. Sorry I have to disagree with you

[DSteckler]

Ahh...NB, that's theory with a small T. I didn't realize you were referring to the theory put forth by Charles Dow. Here's a good description:

http://www.stockcharts.com/education/MarketAnalysis/dowtheory1.html

[New-born baby]

TIE it down

Appreciare everyone's input.

I assume that both of you (New-Born also) are saying that if it CLOSES below 34.80 then it's furthe downside. What about if it gaps down, touches $33.xx during the day but closes at 35.50 at the end of the day?

Again, appreciate the comments.

Mystiky,
I fully concur with Runner: unless you are playing this one short, you should probably leave it alone. What I say I say in the kindest way I can: I think this one is going to $22.50. I know this stock has been good to you in the past, but that is all done now. And Runner is right: any stock gapping down and pulling back up is giving notice that the Nervous Nellies may very, very soon take the stock under for the last time. Remember MFLX's action about 4 weeks before she fell down? Big move down for an acquistion that was supposed to be "accretitive?" Well it turns out that the acquistion is going to choke the cash flow of the company, and lots of people have jumped overboard. But the first gap down was the warning: we were getting close to the top. So I myself am looking to short this one.

[New-born baby]

Yup

Ahh...NB, that's theory with a small T. I didn't realize you were referring to the theory put forth by Charles Dow. Here's a good description:

http://www.stockcharts.com/education...owtheory1.html

Now we agree Yup. That's what I am talking about

[Runner]

I don’t see much as far as support and those who bought during the acceleration phase might be locking in profits. Stock had a 2:1 split yesterday. I would like to see another run up near old highs and a stall out. If this happens and it does not clear old highs I’d think she’s headed down. a crack under the temp support may also trigger another sell program. Keep an eye out for a possible bear flag or drifting action. Anyway What ever you do best to ya.

Not sure where you entered
Not sure of your style of trading/investing
Timeframe
Risk tollerance
These and many more questions truly needed to give one an understanding of really how to answer questions based on how another views a specific chart. This is why giving any advise is so difficult. We all see the picture in a different color. I may see red and others see green.

[Runner]

Looks as if temp support cracked. Not a bull move for sure..

[mystiky]

Looks like TIE is still a short to me but..

want to get some feedback from others. It seems like todays bounce is not on the huge volume, and there is resistance around 38-39? Does it seem like I am making any sense?

Thanks...

P.S. I am looking for a retest of 32's at least.

P.P.S. The closed didnt look that good for the longs.

[Peter Hansen]

TIE Fundamentals Good

TIE Has insider ownership of 51% , Annual Sales Growth 64% , EPS 67% ROE 32%........The numbers speak for themselves......If the rats are staying on the ship ........this ship will move . Since TIE is in metals it will also serve as a good hedge on inflation.

[mystiky]

TIE & fundamentals

I appreciate your reply, but if I was to try to trade things on "fundamentals", I doubt I would be hanging around here. I would be buying MSFT, homebuilders and some others that trade at 2-3 P/E.

I like the charts and am trying to learn as much about them. When 3-4 different people reply with they thoughts, it's always nice to learn how is approcaching their goals.

Anyhow, I wish I was more patient because as "scary" as TIE looks (to the upside), I think it may very well re-test the $23-$25 on the downside.