CHART HARVESTING Manifesto - For all interested parties

[Runner]

Very good info on this thread. Notice this 10-year weekly chart of SVC. Will it take some time to work through resistance? I see your point once a stock clears resistance it has a better probability of moving up faster..

[MickyMouse]

Anyone use commericial charting softwares such as Amibroker. etc? I am trying to scan the universe according to the ParkTwain's rules. I am new to Amibroker, need some help. Thanks in advance.

Micky

[ParkTwain]

I've been making my $$$ recently in casino stocks (STN, BYD) and in certain oil service (PTEN, FTO/PCO/VLO). There are lots of stocks making all-time highs to choose from in these sectors.

[ParkTwain]

Another one I traded recently was PQUE. Check out the "max" chart from Yahoo:

http://finance.yahoo.com/q/bc?s=PQUE&t=my&l=on&z=m&q=l&c=

It is closing in on its all-time high. Actually, it looks from that chart that there were less shares traded around the area of its all-time high (middle of 2001) than have been traded just in the last few months. So although PQUE's recent prices remain below its all-time high, there isn't all that much de facto overhead resistance in this stock. You have to check whether there was any significant volume (compared with the stock's most recent trading volumes) at prices higher than today's to gauge whether significant resistance remains above today's price level. PQUE has been very strong recently and just released earnings on Feb 17.

[IIC]

Thanks for the explanation...IIC

[ParkTwain]

More stocks showing strength and new all-time highs with an uptrending RSI of at least 65. Most, but not all, of these are oil and energy related. Very impressive for the non-energy stocks in this group to make gains during today's very tough session in the overall market. A couple of these, like NVDA, aren't making a new multi-year high but have the next serious resistance a good distance (like up to 10/sh away) to the upside, so they have some room to move up. I may be buying a couple of these (like HAWK and MUSA) this week. Energy just seems to be a slam dunk right now, but keep your antennae up.

ACI, ATPG
BRY
CHK, CNVR, CPE, CRYP, CSL
ESLR
FST
GLBL
HAWK, HCC, HGT
KFX
LACO
MHR, MMR, MRO, MUSA
NBL, NVDA
OEH
PDC, PEO, PKD, PLLL, PVA
SGR
TGA, TIE
USAP

[ParkTwain]

Today's one-day returns for this list:

ACI (3.49%), ATPG (1.85%)
BRY (0.45%)
CHK (1.61%), CNVR (1.54%), CPE (-0.38%), CRYP (-0.46%), CSL (0.00%)
ESLR (-0.18%)
FST (2.20%)
GLBL (0.21%)
HAWK (0.29%), HCC (0.93%), HGT (0.27%)
KFX (-0.44%)
LACO (-0.75%)
MHR (0.38%), MMR (-1.48%), MRO (0.50%), MUSA (8.20%)
NBL (0.70%), NVDA (-3.25%)
OEH (8.01%)
PDC (3.45%), PEO (-0.21%), PKD (-3.75%), PLLL (0.86%), PVA (-0.11%)
SGR (1.74%)
TGA (0.35%), TIE (0.50%)
USAP (-0.11%)