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T O P I C     R E V I E W
The Don  - 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...
 
The Don  - posted
Ticker: ANN
Current PPS: $34.00
 
The Don  - posted
Ticker: SVN
Current PPS: $4.95
 
The Don  - posted
Ticker: CRMT
Current PPS: $11.60
 
T e x  - posted
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...
 
Who?  - 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.
 



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