CMTL ==> The Spring Break Winner

[New-born baby]

Ninner and CVH

Ninner,

Here's my daytrade of CVH tomorrow.

1. I am going to look to see if CVH can break the $70 resistance. If she can,
then I am going to purchase it and look for a $71.50 max. target. (I may run into unexpected resistance before that. Today, I expected resistance at $70.50, but it ran out of gas at $69.68. Take the profit and move on!

2. It is very possible that the market will be weak tomorrow due to Greenspan and oil prices. If resistance isn't broken at $70 on good volume,
I am going to leave it alone. Safety first.

Here's a chart to show you why I think this way:

[spikefader]

Upper weekly channel to target is 44.00. The daily looks ready to rumble.

[spikefader]

CVH thoughts: weekly channel turn up this week, daily channel short from 5 days ago failed today, channel long from 4 days ago working nicely. Very nice weekly channel target of 89.00. But remember the gap at 55ish, and the potential double top approaching.

[Runner]

I do expect another shake out with CMTL in the not to distant future, but who knows. Chart does look good from the Market Structure Low. CMTL currently sitting @ N9 from MSL max for this Anticipatory wave is N13 days. If projections are right Target should be hit within 25 days. Smart money bot off the MSL, but it is easy to look in the past and say what one should have done. I will stalk it and wait for a pullback

[ninner]

i agree with you on what you are saying about greenspan and a recession 100% they are trying to bring down the housing market and will shrink the multiples as much as they can!! However, that is why i like defensive plays and i believe hmos can be put in that category....im not saying i am right...just how i am playing this . However, i see one bit of weakness i will take my profits and run

cheers and i enjoy your input and look forward to reading more!!!

[New-born baby]

Yours, too.

i agree with you on what you are saying about greenspan and a recession 100% they are trying to bring down the housing market and will shrink the multiples as much as they can!! However, that is why i like defensive plays and i believe hmos can be put in that category....im not saying i am right...just how i am playing this . However, i see one bit of weakness i will take my profits and run

cheers and i enjoy your input and look forward to reading more!!!

Ninner,
Keep posting your opinions, too. I am struggling to learn something. I want to learn to trade more profitably, more consistently. And Jessie Livermore says that everything in the market is old. It all just keeps happening over and over again. So there is hope that I can learn patterns and market behavoir through chart reading and the experienced opinions of others.

Taking profits and running? For my money, ALWAYS! And I never look back. "Follow the herd and take a third." More than that is too much greed and it may (to borrow Runner's phrase) "burn a hole in my pants."

[New-born baby]

Oil Price today

Ninner,

Oil is trading down .60 in the pre-market today (3 May 2005). While that may or may not last all day, at least at the open we don't seem to have to worry about that impacting the opening of the market.

Mr. Green is another matter. We shall see what happens. If his statement at 9:30 a.m. CST is not what the market likes, the market can turn against a long in a hurry. Vice versa. A good statement might make for a rip-roaring day.

[New-born baby]

CVH down $1.50 already

Nimmer,

Here's the reason I think that CVH cannot make new highs right now.



Get the picture? The Green man is going to raise interest rates again. Oil is going up again. These two factors are going to send the market spinning downward. We are--no doubt about it--in a recession right now. It'll take the Greenman 4-6 months to figure that out. So in the meantime, he is trying to slow down the economy.

And CVH's failure to make new highs doesn't have a thing to do with the health of the company. "Market conditions do."

Ninner,

Well, 5 minutes of trading and down $1.50 already. Thank you Mr. Green!

[spikefader]

CVH thoughts: weekly channel turn up this week, daily channel short from 5 days ago failed today, channel long from 4 days ago working nicely. Very nice weekly channel target of 89.00. But remember the gap at 55ish, and the potential double top approaching.

New read;

[New-born baby]

Thank You Dr. Spike

Thanks for the help, Spike! As always, MUCH APPRECIATED!

[skiracer]

Doug,
Like you I'll be looking for an intraday or short swing trade on the next pullback. I had it at the right time the first time I entered but was alittle to hasty in taking the gains. This is a strong stock and will be one of the leaders as the market strengthens. Worth keeping a close eye on over this coming week.

I also like a quick short play if it hits 36+ and the top of the channel Monday or Tuesday. Short it at where it hits the channel line, exit the short play anywhere between 34/35 range, and go back long for the next leg up. This could be setting up for a trade on both the short and long sides over a short time period.

As I posted earlier. It hit the top of the channel today right after the open at 36 and then reversed to close down .87 for the day. I posted this chart with annotations on CMTL over the weekend. Just to refresh what I was talking about I'll bring it back up an I'll include todays 15 min. chart of CMTL along with it.


I didn't make the short play but will be looking for a long entry at the 34 or lower range after this day or two consolidation ends. Great stock and one of the leaders in the Telecom sector. I think we will see 40 or so with this stock and this is one good way to play the peaks and valleys as it cycles. The leading stocks always come back to lead the markets back up when the trends change.

[New-born baby]

Cvh

Here's the latest on CVH--


Click on image to open, click again to enlarge.

Looks bearish to the inexperienced chartist. A sure sign of a falling
right shoulder is the advance (to make the right shoulder) on LOWER volume.

[ninner]

yah im inexperienced as well and it also looks bearish....looks like selling is increasing abit, however, the markets action isnt helping either.

cheers

[New-born baby]

CVH: bearish

Readers:

CVH has turned bearish. The chart below says lower prices are coming soon.
I hope no one was hurt by this past selloff. It was a terrible two days in the market.


Click on image; then click again to enlarge.

[New-born baby]

18 May 2005

CVH--

Today's price action formed a bearish "shooting star." This formation should be considered a warning of a trend reversal. Although the formation of a shooting star by itself is not a 100% guarantee of falling prices, it should put up the yellow flag of caution to longs. Tomorrow's action will confirm or deny today's formation as bearish.

After two days of euphoria on the exchanges, it would seem likely that tomorrow might be a red day. If so, CVH could turn lower.

Here's a chart:


Click on image; then click on image again to enlarge.