Hot Pick Of The Day

[Runner]

Great point and awesome chart Ski. Here are a few others in the group that might try to move.

TGE PDS IFNY PDRT BAS PRB WG HLX TESOF OIS

First glance under the hood looks pretty good in this grp…

This group will get more study this weekend!!

[skiracer]

Great point and awesome chart Ski. Here are a few others in the group that might try to move.

TGE PDS IFNY PDRT BAS PRB WG HLX TESOF OIS

First glance under the hood looks pretty good in this grp…

This group will get more study this weekend!!

I'll take a look at them. If you get a chance take a look at that list of stocks I posted on my thread late last night. Especially the 3 or 4 that I am looking at closely. Almost all of them are under 10 and I really like MAG and GIGM this week along with MED to breakout this week.

[New-born baby]

Any take on AEPI?

Okay, my friend. Let's take a look at what you have here in AEPI:
Very nice looking daily chart. That daily shows a beautiful bullflag with breakout coming last Friday, 8 Dec. PnF likes it to $80. 1st target is $60. Bull charge ahead if the daily is everything. But the rule is that the weekly trumps the daily, and so let's look at the weekly.

Weekly has shown a us a very nice run. My question would be for a Runner/Spike Elliott Wave count. Looks like it has had a 5 leg run +, and now you get this warning from Wm. O'Neill about don't buy the 4th or 5th leg higher because it is getting set to roll over. IMHO that full applies here. And look at Friday's breakout volume: not very powerful. Tells me of slackening demand.

My conclusion is that it is too late to the party to buy AEPI here. The breakout Friday is nice, and if you want to take it, fine. Just be warned that a protective stop or else some kind of option hedge is prudent because it has had quite a run, and is due for a 61.8% (or even 100%) pullback imho.

[lemonjello]

Thanks NB. I was wondering about the weak volume on breakout. I'll pass for now.

Okay, my friend. Let's take a look at what you have here in AEPI:
Very nice looking daily chart. That daily shows a beautiful bullflag with breakout coming last Friday, 8 Dec. PnF likes it to $80. 1st target is $60. Bull charge ahead if the daily is everything. But the rule is that the weekly trumps the daily, and so let's look at the weekly.

Weekly has shown a us a very nice run. My question would be for a Runner/Spike Elliott Wave count. Looks like it has had a 5 leg run +, and now you get this warning from Wm. O'Neill about don't buy the 4th or 5th leg higher because it is getting set to roll over. IMHO that full applies here. And look at Friday's breakout volume: not very powerful. Tells me of slackening demand.

My conclusion is that it is too late to the party to buy AEPI here. The breakout Friday is nice, and if you want to take it, fine. Just be warned that a protective stop or else some kind of option hedge is prudent because it has had quite a run, and is due for a 61.8% (or even 100%) pullback imho.

[skiracer]

Lemon,
Like a doctors prognosis a second opinion or another perspective is always good in approaching these charts. I had to comment on this stock because it has come up in my scans and I have traded in an out of it a couple of times over the past year. I looked at it from both a daily and weekly chart which give two entirely different views. Here's my opinion.

[skiracer]

Lemon,
Like a doctors prognosis a second opinion or another perspective is always good in approaching these charts. I had to comment on this stock because it has come up in my scans and I have traded in an out of it a couple of times successfully over the past year. I looked at it from both a daily and a weekly chart and they present two entirely different views and perspectives. Here's my opinion which is only my opinion.

[lemonjello]

Thanks Ski. The weekly waves seem to be getting shorter as time goes on. If that's any indication, the next run up should last about a month.

The daily RSI looks up for now.

Lemon,
Like a doctors prognosis a second opinion or another perspective is always good in approaching these charts. I had to comment on this stock because it has come up in my scans and I have traded in an out of it a couple of times over the past year. I looked at it from both a daily and weekly chart which give two entirely different views. Here's my opinion.

[lemonjello]

Obv

Any of you guys ever use OBV to confirm a breakout? It seems OBV is not confirming yet on daily or weekly for AEPI.

[skiracer]

Any of you guys ever use OBV to confirm a breakout? It seems OBV is not confirming yet on daily or weekly for AEPI.

These are the 4 that I always use. I like them both on the daily and the weekly AEPI charts although I like the weekly moreso. I don't think you're going to see a huge breakout with this stock as much a a consistent track upward which could give you 2/4 points on the next leg up. BTW the top one is the daily and the lower the weekly.

[ParkTwain]

[QUOTE=skiracer;73854]These are the 4 that I always use. I like them both on the daily and the weekly AEPI charts although I like the weekly moreso. I don't think you're going to see a huge breakout with this stock as much a a consistent track upward which could give you 2/4 points on the next leg up. BTW the top one is the daily and the lower the weekly.


I find OBV and Acc/Dist to be redundant to each other.

I would be interested in reading your POV (or anyone else's) on tweaking the parameters for a MACD-driven swing trading approach. I was talking to a newbie about this last week. (He has just signed up for the "Teach Me to Trade" seminars and software -- not that I recommended it.) I told him that as you get to know a given stock, you should tweak the parameters that determine the sensitivity of the slow line so that it doesn't trigger "too many" buys or sells given the ups and downs of that stock's predominant trend.

[grebnet]

Anyone want pay for TA ??

I just came across this while looking at some Blogs. This isnt mine.

http://www.thebulltrader.com/2006/12/10/the-bull-trader-is-hiring-a-technical-analysis-expert/

I am looking to see if someone who is comfortable with technical analysis would like to write for this blog? The job would consist of posting 3-5 annotated technical analysis stock charts every week (as I have been doing in the past).

This is a paid position, and I can afford to pay you a few dollars per post. If you are interested in this position, please leave a comment (make sure to fill in the email field) and we can talk about the details!

[New-born baby]

I just came across this while looking at some Blogs. This isnt mine.

http://www.thebulltrader.com/2006/12/10/the-bull-trader-is-hiring-a-technical-analysis-expert/

I am looking to see if someone who is comfortable with technical analysis would like to write for this blog? The job would consist of posting 3-5 annotated technical analysis stock charts every week (as I have been doing in the past).

This is a paid position, and I can afford to pay you a few dollars per post. If you are interested in this position, please leave a comment (make sure to fill in the email field) and we can talk about the details!

Very interesting!

[New-born baby]

Ski

Thanks for the EW on AEPI. I appreciate your work and analysis.
Yes, the chart has been so very bullish. 5th wave up, huh? Market correction could punch this one in the gut.

[skiracer]

[quote=ParkTwain;73861]

These are the 4 that I always use. I like them both on the daily and the weekly AEPI charts although I like the weekly moreso. I don't think you're going to see a huge breakout with this stock as much a a consistent track upward which could give you 2/4 points on the next leg up. BTW the top one is the daily and the lower the weekly.


I find OBV and Acc/Dist to be redundant to each other.

I would be interested in reading your POV (or anyone else's) on tweaking the parameters for a MACD-driven swing trading approach. I was talking to a newbie about this last week. (He has just signed up for the "Teach Me to Trade" seminars and software -- not that I recommended it.) I told him that as you get to know a given stock, you should tweak the parameters that determine the sensitivity of the slow line so that it doesn't trigger "too many" buys or sells given the ups and downs of that stock's predominant trend.

I use them only as indicators as to what is going on with the stock within those areas. Sometimes I will come across diverging signals which can be a prompt. I don't use Stochastics at all. I like a stock that is indicating strong accumulation, money coming into the stock, and a RSI below the overbought 70 line. I only use the MACD as a guage for direction or trend. I'm much more inclined to look for specific patterns that I have come to know will produce a specific direction the higher percentage of times. Like the repetitive patterns you see developing on the weekly chart of AEPI. I never fight the trend or what I see until it shows to me that it is changing and I see it changing. To me indicators are just what they are. Indicators to me are to show you that something is taking place in a specific way. Nothing to do with triggering or prompting me to make a play as much as the patterns and the trend.

[skiracer]

Thanks for the EW on AEPI. I appreciate your work and analysis.
Yes, the chart has been so very bullish. 5th wave up, huh? Market correction could punch this one in the gut.

NB,
As we all know to well that nothing is written in stone and that opinions and feelings about any equity are only our own. Any market correction will punch us all in the gut if we are on the wrong side of it.