Runner's Rascals

[Runner]

Runner, take a look at the last three highs on the NAZ. They form a straight line.

Much better than average chance of seeing an imminent drop.

B.J, I've noticed that as well. thanks for bringing this up.

[Runner]

From the people I know...many have been out for months...Even though the market has advanced well...I think it has been tough since May...I've seen leaders fall hard...New ticks show up in my scans on a regular basis...Rotation?...Maybe...But too many good one's Gap and Cr*p lately IMO

IIC, I've noticed the same thing from my watch list. This tells me to shorten time frame or stay on the sidelines..

[Runner]

$DJR is sitting at a key level.

[Runner]

5 day RSI change

[New-born baby]

you excel at this

IIC, I've noticed the same thing from my watch list. This tells me to shorten time frame or stay on the sidelines..

Runner,
Been kicking myself today (wouldn't you if you were me?). One of the things I have been telling myself is that I ought to watch the market as a whole, like you do. (It would be easier if you would just post a daily commentary on the market's action. Then I wouldn't have to do it myself). You really excel at knowing when the plane is going to take a dive. Keep up the good work.

[Runner]

NB, sorry to hear about you having a tough day. Oh I got stopped out of one of my positions today for a little gain. I could not give a commentary on the markets daily. This would only prove how wrong I may be. Not only that I would not wish to have people listen because they will not think highly of you if the advise proves wrong. Such is this thing called the markets. In fact giving advice I feel is touchy grounds when talking about the markets. I try to be careful with my charts or wording. I’ll throw it out their but the interpretations should vary from anyone who looks at it. We try to play the game of probability. What looks great is not great until it continues to look great in the future. Sure the past can be a glimpse in the future, but the future is that big unknown or uncharted waters.

Often when the masses are all on one side of the market it is a sure sign that a turn will happen sometime in the not to distant future. I expect right now many traders are now thinking Monday will be better and my little lose will be ok. This thinking IMO is improper for one who wishes to continue to play the game. Simple fact is nobody can say with any degree of certainty that we move back up from here. I don’t even think the experts on TV have a clue.

NB, I have even been wondering if posting on forums is even worth it. We all have different styles and strategies and so what works for me should not be duplicated by others. Sure anyone can pull the trigger, but then emotions try to creep in and this often leads to improper action. 10 people could buy the same stock at the exact same price and all 10 would have different results. Think about it, pretty wild.

My thoughts on what is happenings is different from anyone else. Just like your thoughts or anyone. The market simple is a breathing animal with know remorse or feelings. It just simply is what it is. I guess like the MATRIX...lol

[B.J]

NB, I have even been wondering if posting on forums is even worth it. We all have different styles and strategies and so what works for me should not be duplicated by others.

Runner, whether or not my picks jibe with anyone else's on here, I learn a little something from everyone. So, from my perspective, I'd say it is worthwhile.

[skiracer]

BJ hit the nail on the head. The whole purpose of the forum is to exchange different thoughts an ideas regarding the markets. Think how educational this place must be for someone new to all of this when they start to read Spike's posts on charting not to mention what the rest of us more experienced players pick up from him an everyone else on a daily basis. I for one pick up on something almost everyday from this group whether it be a new pick or some new site or something someone else noticed that I didn't. The beautiful part about it here is that if your wrong on your call it most likely will get analyzed pretty thoroughly and you'll end up learning from the trade rather than all the negative stuff.
Just remember no man is an island.

[Runner]

A few decent looking charts

TGE XWG FTK (low volume)

FTK- low volume stock. I traded NGPS when it was under 100K back when it was 12.00 per share. Could FTK contine to run?

[Runner]

Bored tonight and so just drawing some charts. Notice how many times indicators can assist in finding patterns that you might not see in the charts.

[Runner]

I created a new STO scan that attempts to find stocks that may be flagging a reversal signal. I’ve been interested in finding stocks that have just put in a market structure low. Remember this does not mean it won’t put in a lower low. I have not tried this scan but here are a few returns.

ACMR ADTN AMRI AMGN ASBC CDSI CYPB DENN EPIC GEOI HGSI IDBE SSCC SNHY

[diogenes]

Interesting list:

ADTN :RW high 1.28, RSI: 61 and pointing up, SMI.56, Spread 10.6%

AMRI: RW high1.4, RSI: 59 and pointing up, SMI -.06

Epic: RW: High 1.61 (sharp upturn), RSI 46 (once again sharp upturn) SMI: .24

IDBE: RW high 4.26, RSI: 65 (huge upturn), SMI: -.26

CYPB: RW: 1.65, RSI 48 (sharp upturn), SMI: .70, Spread: 13.5%

Cypb looks interesting to me, since the RSI is up, the spread is over ten percent and the SMI is at .70.
So, if the SMI idea works as claimed it should then go up 10-15% within 30 days.
Candlestick wise: It looks like the long white candle around mid June is acting as support at the mid section. The Spinning-top with the following white candle stick over the past two market days is a good sign, too, and American Bulls seems to agree. Yet, I bet it falls considering I posted on it.

Neat Scan!

[New-born baby]

Explanation

Interesting list:

ADTN :RW high 1.28, RSI: 61 and pointing up, SMI.56, Spread 10.6%

AMRI: RW high1.4, RSI: 59 and pointing up, SMI -.06

Epic: RW: High 1.61 (sharp upturn), RSI 46 (once again sharp upturn) SMI: .24

IDBE: RW high 4.26, RSI: 65 (huge upturn), SMI: -.26

CYPB: RW: 1.65, RSI 48 (sharp upturn), SMI: .70, Spread: 13.5%

Cypb looks interesting to me, since the RSI is up, the spread is over ten percent and the SMI is at .70.
So, if the SMI idea works as claimed it should then go up 10-15% within 30 days.
Candlestick wise: It looks like the long white candle around mid June is acting as support at the mid section. The Spinning-top with the following white candle stick over the past two market days is a good sign, too, and American Bulls seems to agree. Yet, I bet it falls considering I posted on it.

Neat Scan!

Please explain what RW, SMI, Spread are. I'm not smart enough to know

[Runner]

IDBE had a follow through from Friday, Caught it for a D/T.

[Runner]

I created a new STO scan that attempts to find stocks that may be flagging a reversal signal. I’ve been interested in finding stocks that have just put in a market structure low. Remember this does not mean it won’t put in a lower low. I have not tried this scan but here are a few returns.

ACMR ADTN AMRI AMGN ASBC CDSI CYPB DENN EPIC GEOI HGSI IDBE SSCC SNHY

Who would have thought DENN would pop so nicley