quote:Originally posted by imapoorcollegestudent: Rat and Chart, the daily candlestick chart shows an uptrend continuation, right. WE had a big green, then a spining top of indescision yesterday and now a mildly bullish push today, ending high. Would have liked to close past 1.20 but still looks pretty good. Whadda ya think??? Ima
Candlesticks are what I look at when I look at a chart, They in themselves tell a story, even use them intraday, at Ameriacan Bulls dot com you can follow and have the candlesticks explained to you, and yes we are seeing upward pressure now, SHO list helped us alot!
Did you happen to check out Prophet chart site and the instructions that I had written down? About 2 years worth of "tweaking" info that I gave away free there!
I called two reversals yesterday at least 5 mins BEFORE they happened! You can do that all day long with just the info I had and that link on my old post (intraday you'll have to sudscribe).
Or you can guess and pray and use your gut and stress and all that when buying and selling....
quote:Originally posted by portman: Found this on IHUB of all places. A little older but a really good read on Mensah. I had not looked in to his credentials all that deep before...WOW is all I am going to say.
posted
dog you are right on with that stuff...these are the types of people that do that stuff...these are the types of people that can put 2000 pound missles up a fly's *ss...without the fly seeing it coming, lol...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by usedtobeaCRab: dog you are right on with that stuff...these are the types of people that do that stuff...these are the types of people that can put 2000 pound missles up a fly's *ss...without the fly seeing it coming, lol...
Keeps them Fly Proctologists in sugar I suppose.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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posted
Well Mensah IS a chemical engineer...i'm sure he has buddies that can make fly lube...10...maumee...chart...who was it that was doing the polishing?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
morning everyone, looks like no PR last night:( Chart, here is the chart reading instructions you posted yesterday! Thanks for the great info:) ------------------------------------------------------------------------------- posted August 30, 2006 12:29 PM -------------------------------------------------------------------------------- Free charts like I use, not all the bells and whistles but nice LEARNING TOOL!!!!!!!!
Rat, time we update your caveman azz ways! ha ha~ jk ~
Scroll down to the chart and click "TOOLS" go to STUDIES, the click "APPLY STUDIES"
a window will open. hit the ARROW DOWN on "SELECT STUDIES"
Select: MACD (HIST. + 2 LINES) then for FAST PERIOD put "4" SLOW PERIOD put "8" Signal PERIOD put "4" -click ADD
open SELECT STUDIES window again and select: STOCHASTIC, SLOW -click ADD
open SELECT STUDIES window again and select: MACD (HIST. + 2 LINES) -click ADD [this MACD leave at the default settings of 12/26/9]
Now click "DETACH" Double click the blue header bar accross the very top of the chart and it becomes Full Screen. To undo just double click again... *note you can also drag in/out the sides and/or top/bottom of the chart page now.
*note, by pushing CLONE you will get multiple charts. Don't do it now. Great intraday watching multiple charts at once!
The stock NTC should be loaded.
Now for a quick lesson on how to read what you just programmed...
Move your mouse over the chart and notice the red vertical line appear, put that line over OCT. and left click and hold and drag line to Feb. It will turn RED and then you'll ZOOM IN. *note to double zoom in, just repeat.
*note: to ZOOM OUT double click the chart anywhere
How to look for BUYS Now move mouse over the chart and put the RED vert line over NOV. Note that all indicators are POS and that STOCHASTIC is very low, Excellent buy set up! Notice price took off, -now when to exit the trade?
WHEN TO SELL Notice just into DEC that STOCHASTIC drops down past upper red line in the indicator... SELL!
Notice too that in about the middle of January right before the huge GAP DOWN that Stochastic was telling you to BALE, saving you from losing your azz ~
Now penny stocks are much harder, try learning about indicators with a high volume stock like QQQQ. Then you'll see how indicators clearly work. Even with this chart MACD's are hard to see. Try looking at QQQQ!!!
Exact buys and sells, no guess work. You can do this same thing intraday, minute by minute, flip by flip... -Any lights coming on yet?!!! lol ~
Welcome to the world of charting where you'll NEVER stop learning...
GLTA!
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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Yes thanks for the info on prophet I will most likely subscribe here soon, it looks like a very informative site. Added it up and for about 800 a year you can have all their bells and whistles in one place. Are they the ones that are always crashing on you. I tried the jave charts on a couple of computers last night and it was slow on the lower end machines I have.
Yes thanks for the info on prophet I will most likely subscribe here soon, it looks like a very informative site. Added it up and for about 800 a year you can have all their bells and whistles in one place. Are they the ones that are always crashing on you. I tried the jave charts on a couple of computers last night and it was slow on the lower end machines I have.
You may need additional RAM.
TB
The crashing thing is my computer, that site ROCKS!!
Try trading intraday 1 min charts and you'll never trade without them again!
-you guys are welcome, ALOT of time, blood sweat and tears went into getting that far...
Upon covering a small amount...lets say 100k shares...can the MM's then naked short that many shares or does the entire position have to covered and the security taken off of the SHO list before the naked nonsense can occur again?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
I was wondering the same thing Crab. I thought there was some deal where they could just trade like 100 shares and then reset their dead line, but I think the SHO list must be something different. So many things to remember these days.
Chart...thanks for the lesson and info! Is there anyway to save those changes, or is it something you have to redo every time?
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by usedtobeaCRab: I have a question...
Upon covering a small amount...lets say 100k shares...can the MM's then naked short that many shares or does the entire position have to covered and the security taken off of the SHO list before the naked nonsense can occur again?
Lock, stock, and barrel... It has to be off the SHO list then it can be Naked Shorted again by the MM's. As long as it is on the list and it is past 13 days it is restricted.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by milliam: I was wondering the same thing Crab. I thought there was some deal where they could just trade like 100 shares and then reset their dead line, but I think the SHO list must be something different. So many things to remember these days.
Chart...thanks for the lesson and info! Is there anyway to save those changes, or is it something you have to redo every time?
I have prophet charts at ny account at OptionsXpress dot com but I believe if you subcribe at that site you'll get everything that I have and you'll have multile list that you can make!
I have different ones for daily, weekly and intraday charts. If anyone subscribes let me know and I'll walk ya around ~
posted
Would Rule 3210 be a good thing? I'm thinking yes...?
Subject to the requirements of NASD Rule 3210
Where, for five consecutive settlement days, there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more and the reported last sale during normal market hours would value the aggregate fail to deliver position at $50,000 or more.
When this occurs, the security becomes subject to mandatory close-out requirements outlined in NASD Rule 3210.
The allowed values are: Y = Yes, if the issue is subject to mandatory close-out requirements of Rule 3210. N = No, if the issue is NOT subject to mandatory close-out requirements of Rule 3210.
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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That is a fairly long trend line (Intraday) that has been being hit and acting as good support, for the last few days...
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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