posted
I would say... Keep your eye on the ball... Today is a very important day imho. I'm looking at a trend of lower highs and a flat low for the past few days. With the engulfing candlestick from two days ago... I'd say watch it closely. It's either consolidation or a breakdown. Just wanted to make sure you guys were aware. It would generally retrace to yesterdays breakout point. If you keep on seeing lower highs... eventually it will break down @ .0065. Someone else care to comment. mach
mach
quote:Originally posted by Gamecock: Mach, It's coming down on low volume this morning any Ideas ?
posted
Next opportunity for an exit point, I'm taking it for a few free shares. I'm sick of this up and down crap.
Kevin
quote:Originally posted by denjohn1000: I really don't like the way this stock has been trading over the past couple days. The MACD doesn't look all that promising.
posted
All I can say is this one scares me the most out of all the stocks I own! I'm still hanging in there. But I don't know how much longer I can hold my balls!
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I may be wrong... but MACD is crossing right now... The trend line is broken. With lower highs and the engulfing... it really does look like it's breaking down. Buyers are stepping aside and will wait... and current holders are exiting on every opportunity. Kevins post is similar to market sentiment. It's similar to psychology. People are becoming frustrated and exiting... If you have profits... I say lock them in until you get confirmation that this is not a breakdown... i did. Don't panic sell though... it might move up a little this afternoon... News could always change this... and I am often wrong. Use your best judgement. mach
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posted
Yep, I've been watching the MACD, yesterday and today it was touching the signal line.. it even crossed below it, but then picked back up at the end of the day to go back above.
This morning, it has dipped down below it again, and even more sharply this time. If it can't make any type of run today to bring it back up, I'm definately out until I can see something that is pointing it the other direction.
But I'm waiting until 1-2pm, since yesterday and in the past, it tends to have a bit of a rally.
posted
Don't know what to make of it yet ... holding for a few more minutes to see what happens ...
Kevin
quote:Originally posted by denjohn1000: WOW, ask and price just shot up to .0075
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
Chart I'm looking at showing a belt hold reversal with a bearish trend. 'Hope this one will work some magic; I'm on free shares, but would like to see more green out of 'em ! Good luck all members !!!
------------------ "Humor. Don't leave home without it" !
posted
I think I may have found a reason for such resistance at .008. The 13-day EMA is challenging the 200-day EMA, and the potential intersect point is right below .008. I think that is the place where this stock will either go one way or the other. If it hits that point today, I'm definitely unloading a majority of my stake. However, if it breaks through that point, it may well turn out to be like when it broke through .0065 ... a major run.
Kevin
quote:Originally posted by Jeremy: Yep, I've been watching the MACD, yesterday and today it was touching the signal line.. it even crossed below it, but then picked back up at the end of the day to go back above.
This morning, it has dipped down below it again, and even more sharply this time. If it can't make any type of run today to bring it back up, I'm definately out until I can see something that is pointing it the other direction.
But I'm waiting until 1-2pm, since yesterday and in the past, it tends to have a bit of a rally.
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
Yeppers had to perform a little pull back of my own today....still have 500k on table though....COMON CYTP DON'T GIVE UP ONE US YET!!!!
quote:Originally posted by machtabow2: I may be wrong... but MACD is crossing right now... The trend line is broken. With lower highs and the engulfing... it really does look like it's breaking down. Buyers are stepping aside and will wait... and current holders are exiting on every opportunity. Kevins post is similar to market sentiment. It's similar to psychology. People are becoming frustrated and exiting... If you have profits... I say lock them in until you get confirmation that this is not a breakdown... i did. Don't panic sell though... it might move up a little this afternoon... News could always change this... and I am often wrong. Use your best judgement. mach
posted
Just pulled 90% of mine out. I may kick myself this afternoon, but I'm sick of this stomach-churning. I guess I don't have the cajones for it. I still made a little money (about 20%) on CYTP after taking some hits after buying back in with my 75% profit, but oh well! A gain's a gain! I guess I'll just have to learn to take my money and run!
Kevin
quote:Originally posted by usasail: Yeppers had to perform a little pull back of my own today....still have 500k on table though....COMON CYTP DON'T GIVE UP ONE US YET!!!!
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
Its COJONES, not cajones (two diferent things) Be cool, what comes down must come up....
JC
quote:Originally posted by kevinbailey: Just pulled 90% of mine out. I may kick myself this afternoon, but I'm sick of this stomach-churning. I guess I don't have the cajones for it. I still made a little money (about 20%) on CYTP after taking some hits after buying back in with my 75% profit, but oh well! A gain's a gain! I guess I'll just have to learn to take my money and run!
posted
I am waiting this one out. Has not even tested the .0065 level today. MM's again bring it down on low volume. Wide spread tells me they need shares before month end. They have been successful in slowing the pace of this one and getting the weak hands to sell. Very tough to watch but I could see this exploding late this week or Monday when the MM's balance the books. I think they will take this to the edge. They have been trapping sellers eveyday since the selloff ended
posted
Well, this "weak hand" is out for a few free shares only. Tired of waiting on them to finish playing their games.
Kevin
quote:Originally posted by buzz: I am waiting this one out. Has not even tested the .0065 level today. MM's again bring it down on low volume. Wide spread tells me they need shares before month end. They have been successful in slowing the pace of this one and getting the weak hands to sell. Very tough to watch but I could see this exploding late this week or Monday when the MM's balance the books. I think they will take this to the edge. They have been trapping sellers eveyday since the selloff ended
Buzz
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
as far as the masg on this thing, I think we need to clear the water. If you set your chart on a minute by minute charting, as you would for a 1 day chart, the masg is going to cross four to eight times a day, that's not how this indicator is used if you're trying to spot a trend. you don't want to look over the last 12 and 26 minutes to know the forcast of the stock, you want to put it on a monthly chart, like 1 to 6 months, and have each column represent a day. You do that, and you get the big picture, and it shows that this stock is still high above the macd 0 line. We may see a reversal, but nothing has been confirmed yet.
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posted
I'm not talking about the 0 MACD line.. I'm talking about the signal MACD line, or in otherwords, the 9-day EMA.. you know, that thin little line that the thick line is touching and about ready to cross.
When the MACD crosses the signal line, it is also usually a bullish or bearish signal, just as when it crosses the 0 line. So you are right, it is still well above 0, but it is still toying with the idea of dropping below the EMA(9).. which could spell out an intermediate downward trend.
posted
insiders must know something that moved this last week. Forget the macd for a minute, their are real people behind these stocks too, lol.
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just pointing out some technicals today. Bollinger bands are separating, macd is heading back up to zero, relative strength is up, and volume accumulation has begun. I hope this is just not a tease.
quote:Originally posted by emunahstock: insiders must know something that moved this last week. Forget the macd for a minute, their are real people behind these stocks too, lol.
Looking at the level 2 and this thing is primed for a run. Even BAMM is clear out at .0085 and he is usually the stopper. There has simply been no buying pressure at all today. Selling has been light. A true market balance for the time being.
I'm trying to keep my patience here this time! I just don't see heavy pressure to sell at this moment. If it starts back down from here....I'll think differently! Also, may think caution if it just plain doesn't move at all this afternoon. LOL
posted
Im with you... just bought back in 1 million shares . While it has scared the heck out of me... I think they've done there job well... volume is just to low to be a breakdown... It would have to break .0065 which doesn't seem at all possible unless there was negative news. Way too much resistance per Level II and I know for sure there are buyers on the sidelines drooling. Man... these highs and lows... are stressful. I'm aging fast. mach
quote:Originally posted by PSU90: Looking at the level 2 and this thing is primed for a run. Even BAMM is clear out at .0085 and he is usually the stopper. There has simply been no buying pressure at all today. Selling has been light. A true market balance for the time being.
I'm trying to keep my patience here this time! I just don't see heavy pressure to sell at this moment. If it starts back down from here....I'll think differently! Also, may think caution if it just plain doesn't move at all this afternoon. LOL
posted
Okay Mach, I decided to get in for a small holding. I looked at the macd which is above 0.00, the Stochastic is heading for the oversold line and the money flow is positive. I believe these are good things and this one should rise a bit.
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