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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...

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“Money itself isn't lost or made, it's simply transferred from one perception to another."

Posts: 540 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
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Ticker: ANN
Current PPS: $34.00

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“Money itself isn't lost or made, it's simply transferred from one perception to another."

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Ticker: SVN
Current PPS: $4.95

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“Money itself isn't lost or made, it's simply transferred from one perception to another."

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Ticker: CRMT
Current PPS: $11.60

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“Money itself isn't lost or made, it's simply transferred from one perception to another."

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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...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
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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.

Posts: 217 | From: Texas | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
   

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