Market Watch

[dmk112]

It seems that everyone has their own thread and I have found myself not knowing where to post notes and charts on the general market and/or individual stocks. As a result I'm starting a thread for everyone to feel free to post any interesting thoughts they may have on the market action.

I invite everyone to visit the thread as many times as possible and post your opinion on the major idices (but feel free to comment on individual stocks as well).

I will start with my comments on the NAS most recent chart. SPIKE WE NEED YOUR INPUT HERE!

[dmk112]

Here's an interesting chart looking ready for a move.

[dmk112]

This one also look interesting: (oops) forgot to post the chart!

[B.J]

DMK I figured the NAZ would stall out near its high. Tomorrow will likely be a down day.

Are you still watching ABLE? May be a pennant forming. It faked me out last go-round. See how it opens tomorrow.

Also, congrats on your ERS purchase! Assume you're still in.

[dmk112]

Are you still watching ABLE? May be a pennant forming. It faked me out last go-round. See how it opens tomorrow.

It's still on my watch list - it looks like its ready for a move soon. Are you still it?

Also, congrats on your ERS purchase! Assume you're still in.

Thanks, Yea I'm still in. Sitting on about 20% gain and wondering what to do - it does look like its going to go higher - very nice day today as the market was weak.

Have you been watching NGPS? It has bounced nicely since it came of the trendline.

Look:

[IIC]

This looks like a nice thread...But you know, several people have sent me instructions on how to post charts from StockCharts...but it never works for me...Can someone please post or pm or email me the step by step instructions ?...Thanks...Doug(IIC)

[Runner]

$COMPQ (Bull/Bear Tasks)

[dmk112]

This looks like a nice thread...But you know, several people have sent me instructions on how to post charts from StockCharts...but it never works for me...Can someone please post or pm or email me the step by step instructions ?...Thanks...Doug(IIC)

OK Doug here we go...

Step by step instructions on how to post a chart from Stockcharts.com

Step 1: (I think everyone knows this part)


Step 2:


Step 3:


Step 4:Go Here--->>> http://www.imageshack.us/


Step 5


Step 6




Hope this helps! If not post again of what's unclear and what step you get stuck on. We need your charts!

[dmk112]

Sorry for the big screen shots... Can a admin move this to another thread maybe???

[IIC]

I don't mind the BIG screen shots...I have a BIG screen...Well, maybe not that BIG. I will try your instructions over the weekend...Thx...Doug(IIC)

[B.J]

I tried jumping in ABLE on Monday, but not for long. I tried playing the trendline (three lows over the last five months), and it fell under. So I took a quick loss figuring there wasn't much support until 14-15. Turned out to be a bad move because it firmed up and has actually formed a nice shorter term trend. Now's starting to look like a good second chance.

[dmk112]

B.J., looks like able jumped today along with other oils...did you get any?

I won't be posting any charts today as I am on dialup and it takes way too long...

Doug, let me know if those directions help....


Has anyone noticed how almost this whole week the market has been very resiliant?? Down big and then coming back even though earnings are not good and not to mention the terrorism. Well its a good sign.. I think the NAS is on its way to at least 2200... IMHO

[B.J]

Yep. I got in. Still should have held from earlier in the week, but made some good bux today.

I have a chart in my thread explaining what I did.

[spikefader]

Hey dmk! Good idea for a thread - market action. Great to see more charts! I'll throw a few charts together this weekend on broader market action. Any in particular you prefer?

[Runner]

5 day RSI rotation. Notice increase in Energy and Materials. Also notice the top and bottom five.