posted
The stocks listed here meet the criteria in my mind for a bottom swing to the upside. The criteria includes...
1.) Has started to form a "rounding bowl" formation, 2.) Positive Divergence on the RSI indicating that selling pressure is drying. 3.) MACD signal in a primary down swing 4.) MACD histogram in a uptrend through the 0 level.
The stocks are usually good for 10-20%
Current picks are as follows...
-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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quote:Originally posted by The Don: The stocks listed here meet the criteria in my mind for a bottom swing to the upside. The criteria includes...
1.) Has started to form a "rounding bowl" formation, 2.) Positive Divergence on the RSI indicating that selling pressure is drying. 3.) MACD signal in a primary down swing 4.) MACD histogram in a uptrend through the 0 level.
The stocks are usually good for 10-20%
Current picks are as follows...
you know what would be great?
explain the criteria on those four points...
see what I mean?
What's the significance of "the rounding bowl"? the "positive divergence" ??? etc...
posted
The Don I've only looked at SVN, so I'll just comment on it. It may be a good test of your bowl theory. It does have a slightly rounded bottom, but it has been in a steady downtrend for months so it may take some news to make it break the upper channel line. Furthermore, most short-term indicators, like Williams %R are already entering the overbought region.It'll be interesting to see what happens.
Posts: 217 | From: Texas | Registered: Jun 2003
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