posted
Hurican Wilma is expected to hit florida by the weekend. I just heard in the news that 80.000 people have been asked to evacuate from the key west area.
About WEGI: Responsible for environmental cleaning in the past hurricans that hit Florida. They have a lot of experience regarding natural disaster.
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this stock went up to .79 when katrina hit. now it might go past that because this is suppose to be strongest hurricane. they are known for disaster clean up. we might see $1 like zenx
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You guys still think this will bounce back today? I'm thinking that since Wilma is a cat 4 hitting just south (maybe) Florida instead of a cat 5 hitting central Florida might have something to do with it. Thoughts?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
According to A M E R I C A N B U L L S, ECCI shows that the last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a bearish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
Here's more detail on Bearish Dark Cloud Cover...
BEARISH DARK CLOUD COVER
Type: Reversal Relevance: Bearish Prior Trend: Bullish Reliability: High Confirmation: Suggested No. of Sticks: 2
Definition:
Bearish Dark Cloud Cover Pattern is a two-candlestick pattern signaling a top reversal after an uptrend or, at times, at the top of a congestion band. We see a strong white real body in the first day. The second day opens strongly above the previous day high (it is above the top of the upper shadow). However, market closes near the low of the day and well within the prior day’s white body at the end of the day.
Recognition Criteria:
1. Market is characterized by an uptrend. 2. We see a long white candlestick in the first day. 3. Then we see a black body characterized by an open above the high of the previous day on the second day. 4. The second black candlestick closes within and below the midpoint of the previous white body.
Explanation: Market goes up with an uptrend. Then we see a strong white candlestick followed by a gap suggesting that bulls retain the control. However, the rally does not continue. Market suddenly closes at or near the lows of the day so the second day body moving well into the prior day’s real body. Longs are shaken somehow and short sellers now have a benchmark to place a stop, which is at the new high of the second day.
Important Factors:
If the black real body’s close penetrates deeper into the prior white real body, the chance for a top increases. There are some Japanese technicians who require more than a 50% penetration of the black day’s close into the white real body. If the black candlestick does not close below the halfway point of the white candlestick then it is better to wait for confirmation following the dark cloud cover; and even if it does, a confirmation may still be necessary. This confirmation may be in the form of a black candlestick, a large gap down or a lower close on the next trading day.
Maybe you all already know this, but I'm posting it here anyways, as my tiny contribution. I hope it helps. Any commentaries from technical people out there?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Hi All, Though I was fortunate to get in at .20 and sell at .68 right after huricane Katrina, I don't see this stock rebounding after huricane Wilma just off of hipe. Stock is dropping fast. To bad I missed out on yesterdays explosion. But until I see some positive financial reports I will be only watching this stock. Their gross profit is down $451,000 as of June 28th 2005. I am interested in seeing this quarters results when they are posted.
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