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QBID XIV - QTV is on the air!
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[QUOTE]Originally posted by realityinc21: [QB] GOOD MORNING ALL, PERSONALLY I LIKE TO BUY STOCKS WHEN BARCHARTS MOVES A STOCK TO THE 8%-16% SELL POSITION. ESPECIALLY WHEN IT HAS MOVED FROM THE 100% SELL POSITION WITH AN DISTINCTIVE ASSENDING TRIANGLE PATTERN. TO ME THIS IS A HEADS UP TO A TURN AROUND POINT. MOVING FROM THE DOWNWARD TREND TO UPWARD TREND. IMHO WHEN A STOCK MOVES INTO THE 100% BUY POSITION IT HAS JUST ABOUT RUN IT'S COURSE. YOU KNOW THE OLD BUY WHEN EVERYONE ELSE IS SELLING THEORY. IT HAS WORKED FOR ME. WHEN A STOCK MOVES INTO THE 100% SELL POSITION IS IS PRIMED FOR A BOUNCE--VOLUME IS THE INDICATOR--MAKES FOR AN EXCELLANT DAY TRADE. THIS IS JUST MY OPINION. USING SEIH FOR AN EXAMPLE [URL=http://quote.barchart.com/texsnap.asp?sym=SEIH.]http://quote.barchart.com/texsnap.asp?sym=SEIH.[/URL] I BOUGHT SEIH AT A 16% SELL POSITION WHICH WAS AT .0036. INCREASED VOLUME WAS THE KEY WATCH INDICATOR. THIS WAS 8/30/04. 6 TRADING DAYS LATER IT TOPPED OUT AT .095. THE LAST NEWS OF ANY VALUE ON SEIH WAS ON 7/28/04. ALSO ON 8/30/08 TRADETREK MOVED SEIH INTO A EXCESSIVELY OVERSOLD POSITION. IT HAS NOW MOVED INTO A MODERATELY OVERBOUGHT POSITION. EXTREMELY IMPORTANT INDICATOR--WHEN MOMENTUM--VOLUME--OVERSOLD POSITION OCCURES--VERY OFTEN AN UPWARD TREND AND BREAKOUT IS INEVITABLE. YESTERDAY BARCHARTS HAD SEIH AT A 56% BUY POSITION. THIS IS MY INDICATOR THAT THE RUN IS NEARING THE PEAK. TIME TO BAIL. WAIT FOR THE RETRACE AND PLAY THE BOUNCE. THEN THROW THE BEEEEAAAACH OUT WITH THE BLEACH WATER AND MOVE ON. I AM NOT COMPARING ANY STOCKS. NOT A FEASABLE OR REASONABLE THING TO DO. JUST USING SEIH AS AN EXAMPLE. BY THE WAY TNGO [URL=http://quote.barchart.com/texsnap.asp?sym=TNGO]http://quote.barchart.com/texsnap.asp?sym=TNGO[/URL] MOVED INTO AN 8% BUY POSITON ON YESTERDAY. IT WAS A 16% SELL POSITION WHEN AMERICAN BULL PUT IT ON STOCKS TO WATCH. VOLUME JUMPED UP AND NOW IT IS A 8% BUY POSITION. NOW IMHO, TNGO IS PRIMED FOR A MOVE. WILL IT?? DON'T KNOW--BECAUSE IT IS NOT OVERSOLD AND THE VOLUME MAY NOT PUSH IT OVER THE MACD LINE. IT IS TRYING. PROBLEM RIGHT NOW IS ALL INDICATORS ARE NOT MOVING TOGETHER. VOLUME IS FALLING OFF AND COULD BE ACCUMULATION INDICATOR. I AM NOT BUYING THIS YET DUE TO THESE FACTORS. DEFINITELY HIGH ON THE WATCH LIST. CDED ON THE OTHER HAND HAS MOVED INTO A MODERATELY OVERSOLD POSITION. TRENDSPOTTER MOVED FROM SELL TO HOLD POSITION. INDICATING TO ME THAT ACCUMULATION IS OCCURING. I BOUGHT YESTERDAY AT .026. THAT COUPLED WITH MERGER TALK--YADA YADA. MBAH IS EXCESSIVELY OVERBOUGHT. MOVING IT INTO THE GREAT SPREAD CATAGORY. SHOULD BE A GREAT 2 OR 3 SPREAD DAY TRADE PLAY. MOVING FROM .025 TO .04 WHILE OVERBOUGHT POSITION CORRECTS ITSELF. CNTV IS FALLING INTO THIS SAME OVERBOUGHT CATAGORY ON A 2 TO 3 DAY SWING SPREAD PLAY FROM .105 TO .17. NOTICE THE DIFFERENCE BETWEEN 2 TO 3 DAY SWING AND 2 TO 3 DAY TRADE. QBID--HIGH VOLUME--OVERBOUGHT--8% SELL POSITION. BECAUSE OF THE HIGH O/S VOLUME ALONE WILL NOT MOVE THIS OVER THE MACD LINE. NOT FOR LACK OF TRYING. LOL NEEDS TO BREAK THE .0065-.0068 RESISTANCE TO TELL THE WHOLE STORY. THE JURY WILL BE IN SOON. THIS IS JUST MY OPINION AND WE ALL HAVE ONE. STOCK 101 IS CLOSED AND I AM BACK TO LURK. GOOD LUCK TO ALL TRADERS. BE SMART AND TRADE WITH BALANCE. [IMG]http://www.allstocks.com/stockmessageboard/ubb/biggrin.gif[/IMG] p.s. I JUST LOVE THAT FACE!! LOL [URL=http://www.tradetrek.com/LiveComment/default.asp?symbol=QBID]http://www.tradetrek.com/LiveComment/default.asp?symbol=QBID[/URL] [URL=http://www.tradetrek.com/NN/default.asp?symbol=QBID]http://www.tradetrek.com/NN/default.asp?symbol=QBID[/URL] [URL=http://quote.barchart.com/texsnap.asp?sym=QBID]http://quote.barchart.com/texsnap.asp?sym=QBID[/URL] [URL=http://quote.barchart.com/texpert.asp?sym=QBID]http://quote.barchart.com/texpert.asp?sym=QBID[/URL] [/QB][/QUOTE]
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