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Looks like this thread is going extinct. To revive it, I would like to mention SHOO. It's in a slight pull-back after a recent gap up. Fundamentally, I think SHOO is a good stock. But technically, it might have violated the upper channel and prone to failure. Any opinions?
Looks like this thread is going extinct. To revive it, I would like to mention SHOO. It's in a slight pull-back after a recent gap up. Fundamentally, I think SHOO is a good stock. But technically, it might have violated the upper channel and prone to failure. Any opinions?
SHOO shows us a very bullish chart that has just successfully retested support ($50). Has a target of $62.50, and today would have been a good entry. "Buy support; sell resistance." And no, I don't think it is prone to failure.
I think SHOO is still extended. The daily Volume Flow Indicator turned bearish on Friday and worsened yesterday. The DMI is about to cross to the downside. The weekly chart is very extended and yesterday's close is more than double the 200-week MA. Also, the weekly chart shows a diamond top.
Two weeks ago the company announced that earnings for the year would be below estimates.
Spike,
Your parabolic chart site is great. Just by clicking several times today I won a plasma tv , an ipod , and a laptop computer. How do I get the charts to slow down ?
--------billyjoe
Spike,
Your parabolic chart site is great. Just by clicking several times today I won a plasma tv , an ipod , and a laptop computer. How do I get the charts to slow down ?
--------billyjoe
lol Congrats billyjoe!!!! lol Must be your lucky day!!
Yeah, those scrolling charts are probably running a bit quick aren't they? I should give 4 seconds per chart instead of 1. I'll do that in future. But here's how you stop the scrolling: Press escape on the chart you want to examine and it'll freeze it. Then press F5 to refresh the page and the scrolling starts again. Hope that helps.
spike,
I'm having problems communicating on your technical site. How do you spot a short candidate that appears to be in what I'd call a permanent death spiral as compared to one that's just tanking big for a day or two ? What would the chart of a possible terminal stock look like except for heading straight down? Thanks
spike,
I'm having problems communicating on your technical site. How do you spot a short candidate that appears to be in what I'd call a permanent death spiral as compared to one that's just tanking big for a day or two ? What would the chart of a possible terminal stock look like except for heading straight down? Thanks
------------billyjoe
Hey billyjoe. At the top right side of my site www.technicaltrades.net you'll see "Chat with Spike" link that will open a chat box.
For the 'death spiral' I look for bearish bollinger band action on a weekly and monthly basis. I use some tweaked out band settings to do it and I look for candles closing below the lower band. Look at any of my Burnt Toast Award winners and see if you can spot the type of TA I look for. I like counts that favor too, as well as crashing major channel action. Hope that helps.
Spike,
When you started 'Creme of the Crop' they weren't catagorized as parabolic picks were they ? How come everytime I go to your site the format seems changed and I still haven't figured out how to access everything as it was structured previously? Thanks
Spike,
When you started 'Creme of the Crop' they weren't catagorized as parabolic picks were they ? How come everytime I go to your site the format seems changed and I still haven't figured out how to access everything as it was structured previously? Thanks
----------billyjoe
Sorry for the delay in replying....I turned my thread update email option off.
OK, when Creme of the Crop was born here at mrmarket forums I named it Creme of the Crop. It was based on parabolic stocks that had supportive money flow plus the manual eliminations based on patterns and resistances etc. But at that stage it was system play specific to MM data dumps.
But during a quiet period and while waiting for MM to do another dump I decided to apply it to other dumps/lists, like the IIC100 and Barcharts Top and bottom 100 etc. and it was at that stage I created the Parabolic Picks site and gave every new filtered list a PSP number.
I then decided to give any future MrMarkets dumps a PSP number and record progress there with the others but give it a dedicated topic page.
Apologies for the changing structure/formats; it's been a work/study in progress to optimize and test various settings and structures. It's fascinating seeing the varying traffic and navigation behavior depending on where things are placed and I've learnt some helpful things.
Peanuts... I'd put a fuzzy C where your A is. And it's fallen out of it's bullish impulsiveness off that C....fell out of the 3 to test support. Look at the daily fuzzy below, which is showing current potential for bullishness again, with 'c' resistance failing.....BUT if the now 'c' support fails, there's a reason for it to test the fuzzy C on the bigger chart of yours (where your A is)....and failure there sets up for bearishness down to 1200.
Here's the daily fuzzy...
I don't intend getting active in this thread by the way...sorry, got too much on my plate.
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