ParkTwain's Parlor

[Lyehopper]

NWRE, LMIA, and OXPS each +7% today. feelin' good!

Why didn't you play one in the contest Park?

NWRE, LMIA, and OXPS each +7% today. feelin' good!

[Lyehopper]

ParkTwain.... I second Ray's invitation!

Like I said the other day sure glad to hear from you. Hope you post often and be nice If you joined the POTW contest. Have a good day

GOOD JOB recruting Ray!.... Just came to this thread to invite him to participate! You are fast dude!

I own LMIA's stock too... Very well managed custom CNC machining/Fab shop.

http://www.lmiaerospace.com/

[RL]

Like I said the other day sure glad to hear from you. Hope you post often and be nice If you joined the POTW contest. Have a good day

R. Donchian's trading principles, great stuff:

http://www.seykota.com/tribe/Resources/Donchian/index.htm

Ed Seykota: "Win or lose, everyone gets what they want from the market. Some people like to lose, so they win by losing money."


Ed Seykota: "The feelings you are unwilling to experience are your real trading system."

I posted the following tonight on a couple of the Yahoo stock chat boards.

=========================================

Today I bought two other stocks (NWRE and LMIA) that are breaking out to new all-time highs, in addition to BPFH.

Here is a nice list of stocks (product of my own research) each of which (in my opinion) is presently (that is, as of 11/16/05 end of trading) facing an imminent breakout to an all-time high. Buying such breakouts is the best way I know to make above-average gains in the near term while also benefitting from built-in downside protection. Some breakouts to an all-time high continue on for MONTHS, especially in a bull market.

Watch for trading volume far above the stock's average daily volume and BUY the BREAKOUT.

For a primer on this general approach, see "How I Made $2M in the Stock Market" by Nicolas Darvas, first published in 1960, available at Amazon.com. Read it over the T'giving holidays, and you will be a lot smarter when you next enter the stock market.

For a straightforward presentation about reading the significant indicators (primarily price and volume movements) on stock charts, see "How Charts Can Help You in the Stock Market" by William L. Jiler.

You master these two sets of material, with no additional technical analysis training necessary, and you won't need Wall Street analysts and research any more, and you will laugh at CNBC for the rest of your life (while still watching it for its information value about how Wall Street is steering the sentiment of the retail investor).


Stocks facing imminent breakout to an all-time high
(as of 11/16/05 e.o.t.)

AC, ACR, ANN, AOS, ATPG
BABY, BTUI
DADE
ESV
FCN, FLS
HIBB
IDSY, IMGC, ISE, IVX
JCOM, JOSB, JWN
LKQX
MCRS, MET, MPG, MRVL
NHRX
PG
RDN
SAM, SMTS, SPLS, STGS, SWWC
THQI, TNM
UNP
VTIV

(This list does not include stocks of banks, REITs, or foreign-based companies and does not include stocks whose 30-day moving average daily volume, as reported by Yahoo Finance, is less than 50K shs.)

http://stockcharts.com/def/servlet/SC.web?c=frd,uu[h,a]daolyyay[dd][pb50!b200][vc60][iUb14!Ll14]&pref=G

To want to buy FRD now, after it has retreated to its 50DMA, you have to wait to see whether it will turn up again. I also don't see any particular medium-term trending in the stock's RSI or Wilder DMI plots, which are the measures that I take the most seriously when looking for a setup. I don't do much if any fundamental analysis on my setups, but I avoid a hold going into options expiration if options are offered on the stock. I would next think about buying FRD when it has again approached a significant point of resistance.


For the sake of argument, contrast this chart with that of RIV:
http://stockcharts.com/def/servlet/SC.web?c=RIV,uu[h,a]daolyyay[dd][pb50!b200][vc60][iUb14!Ll14]&pref=G

Notice that since about Sept 2004, there has been no significant selling intensity in RIV. (That is, the red line in the Wilder DMI plot almost never peeks above the 20 mark.) It has a price chart pattern (spike up and decay) very similar to that of FRD. RIV is also a lower avg. daily volume stock between its spikes up, so there is danger of price manipulation downward during those intervals.

Frd?

I think that your updated list that you posted lately looks good but I feel that FRD should be added to that. What do you think?

Hany

preemptive stike

[mooddude]

CHART HARVESTING(TM) Manifesto

OT: That's funny I actually did it but I don't see the phrase "Chart harversting" registered as a TM in the U.S.

http://tess2.uspto.gov/bin/showfield?f=toc&state=odlnpn.1.1&p_search=searchss&p_L=50&BackReference=&p_plural=yes&p_s_PARA1=&p_tagrepl%7E%3A=PARA1%24LD&expr=PARA1+AND+PARA2&p_s_PARA2=Chart+Haversting&p_tagrepl%7E%3A=PARA2%24ALL&p_op_ALL=AND&a_default=search&a_search=Submit+Query&a_search=Submit+Query

picked very well today, reversal in STN

Though in a longer uptrend, STN had been down 8 of the 9 previous sessions. As of end of day yesterday it had reached its 50DMA. This morning it dipped down 50 cents then reversed and continued higher all day on 2X avg volume.

Am also enjoying this week's gains in LVS, which came out as IPO on Weds.

VERY NICE list of end-of-wk Long setups

Posted by members of StockCharts.com:
(Link A)

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=public&cmd=show&disp=RED

My KFY is found (p. 6 of 10) in this series of chart pages by Robert E. New (10th link down the page at Link A above):

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID897936

New's list of "near term" favorites:
DLP DNEX EQIX HOV IPMT KFY KO QCOM TBL WMS WWW YHOO

hi ray thanks for the greeting

I was on sort of a hiatus in the middle of the year. Stopped trying to fight the market at that time, since I don't do shorting. (I trade only in my IRA.) My position in STN turned around in early Sept, and I've been more active since then. Right now I am long CCK, TKTX (alert for staleness), and KFY (as of Fri. a.m.). New to my watchlist by end of this past week were: CHKR, ATPG, DTPI, WG, CCRT, IDR, DAB, USM, JNPR, BDX.

KFY makes it happen today

following through its brkout over $20/sh eariler in the week.