posted
Here are the stocks I am keeping a close eye on on Thursday November 11th for a possible entry. They are listed here with Wednesday Nov. 10th closing prices.
IBD 0.62 VOLUME RETURNING, COULD BE A GREAT ENTRY HERE. DCEL 1.60 GREAT POSITIONING VTA 4.05 NXXI 0.99 ABXA 7.51 TIDE 0.88 CPTH 0.71 DYTK 0.59 RGX 3.75 HIGHEST VOLUME IN ABOUT 2 YEARS SUMU 0.365 SOLID HAMMER CANDLESTICK DVID 0.60 NETL 8.60
[This message has been edited by SilverRain (edited November 11, 2004).]
Posts: 95 | From: Riverside, CA | Registered: Feb 2004
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posted
Hi SilverRain... I appreciate your posts... I like IBD NXXI and CPTH... I will be watching them tomorrow because I think they still have potential to jump... though IBD might be more risky as there really hasn't been a clear direction in the price moment in the last 2 days as the volume jumped.
Posts: 25 | From: Burnaby | Registered: Sep 2003
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posted
I am watching IBD very closely as well, and looking for an entry probably Monday. This looks like a bottom here. When volume comes in on a bottom with no move in price, it is called a Silent Alarm... usually an indicator that an impending bullish price move will follow. It is most profitable to enter when the price remains congested.
IBD is a bit reminiscent of the Silent Alarm on TAGS a month ago:
Here is the TAGS chart:
TAGS took off over 50% from this pattern within 2 weeks... IBD could pull something similar if we get more volume in this congestion.
[This message has been edited by SilverRain (edited November 12, 2004).]
Posts: 95 | From: Riverside, CA | Registered: Feb 2004
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