Hot Pick Of The Day

NBB- How many stocks do you have alerts on at one time?

[billyjoe]

New-born,
You said PCLN was nearly 1000 per share ? I forgot how ridiculous things got before the bubble burst. I remember hearing that spokesman Wm.Shatner lost 8 million very fast and this explains how. He's still with PCLN maybe he'll get the last laugh. At least they survived.

---------------billyjoe

[mrmarket]

Yea, he was in my chem 1 class last year, I stopped by your house to play basketball with him once or twice.
He showed me your 81 consecutive trades of 15 % or more in a row this spring, thats how I found this forum.
I actually live a block up the street from you on Prospect.

My name is Morgan Martindell.

Oh this is interesting...how about I give you your own thread here?

[New-born baby]

Gwhiz & Peix

PEIX's price action yesterday was bearish. It opened higher and closed lower than the open by a good bit. EXCELLENT. That should mean that resistance is holding and PEIX is not going higher today. Shorters still need to watch the action so that PEIX doesn't make an inverted double bottom here. Chart shows the possible bullish inverted double bottom formation in progress.

GWHIZ: whenever you enter a position, you have to babysit the thing until you get out. That's a fact, Jack.

[New-born baby]

Do you guys set a lot of alerts based on your t.a.?

Alerts are excellent tools to use. Find a good chart (like those MM just came up with on the top five), then set a price and volume alert and let the computer tell you when it is time to enter a position.

Alerts

Do you guys set a lot of alerts based on your t.a.?

[billyjoe]

Another chart with HUGE potential. Of course it sets right on the edge right now, but if she busts out . . . HUGE EXPLOSION higher. Nice chart

When I saw MTEX chart I knew you'd love it.

----------billyjoe

[New-born baby]

Zons

ZONS is working on a six year cup/double top (who knows?)

[New-born baby]

Pspt

PSPT I like least of all because it is a fairly new issue with little price history behind it. PnF likes it to $28, but since it is a Twilight Zone stock, there is little certainty about how high it may move.

[New-born baby]

Pcln

This baby was once a grand per share. That's right: $999.00 per throw + IB commision = $1,000.00 per. This one is like MTEX and FMD: on the verge of a breakout. Will she or won't she? She loves me; she love me not; she loves me . . . .

[New-born baby]

Mtex

Another chart with HUGE potential. Of course it sets right on the edge right now, but if she busts out . . . HUGE EXPLOSION higher. Nice chart

Here is my easy way to define S/R lines....Remember I need it simple, but I think a picture is worth its weight in gold....

[New-born baby]

Let's look at 'em

Okay! So nice to have a fresh data dump, and the charts look promising.
Here's FMD:
Working on a three yr cup . . . nice, nice chart. But with all potential cups the question is this: Is the chart making a cup or a double top? That's why Wm. O'Neill tells you to wait for the breakout on volume to buy.

[New-born baby]

I never heard of resistance points being elastic or being able to stretch or give. They are what they are. A line that is either broken or not. A moving average or trendline is a line that the price pushes up against and is stopped or it breaches it. Any line between two points is either broken or not but it doesn't stretch.
I would like to hear how it can be elastic or stretch. Not trying to give you a hard time but just curious.

Some of the Daytrading services recognize resistance areas. They say "it isn't just a set price, but a dime or so each side of that price."

[skiracer]

I dont know how valid this is, but I have read about "resistance zones", in other words general areas where a stock tends to either get shot down or surpass that level. Peix seems to have done that today, going just a bit higher than previous resistence before dropping, but tommorow may prove me wrong.
Here is an article:
http://www.investopedia.com/articles.../02/060402.asp

This definition seems to be valid but I don't buy into it as it is hard enough to deliniate specific lines of resistance and support when interpreting a chart to make an entry and to have to consider wider "zones" around those specific lines. But to each his own.