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Author Topic: hows this look
jgrecoconstr
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Can you tell me if I seem like I am on the right track. The stock is DYNT *1.14 it is in a downtrend, at its 6 month support line. Its below the 50-40-20 day moving average and the RSI is around 40 if I am correct. There is no clear indicator on the candlestick other than at support. My little knowledge would say buy. Am I close or way off?
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Machiavelli
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I wouldn't buy this one.. not yet at least... volume is too low, last few days the candlesticks are all Red... not clear pattern... MACD below 0 line... the moving Averages are not lined correctly... the 20 day MA is below the 40 and 50... RSI is below 50... I would watch and wait on this one... wait for it to cross RSI 50 as everything else (MA's, MACD etc.) will follow suit and probably go into a uptrend.. but make sure it is on high volume when it does or else it will be a false break... just my analysis... just right now not a good time to buy it..

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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jgrecoconstr
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Machiavelli,
I knew one of your answers before you responded, the volume I forgot to look at that when I posted this question and I realized after it was to low. I have read most of Turners book. I had the EMA wrong, I thought the 20, 40 day average should be below the fifty and the RSI close to 30. It all seemed to make sense because it seemed if the 20, 40 were below the 50 then it would be at a low trade and trend back up. So now when the 20,40 are above 50 doesn't that mean the stock price is going to be high and the RSI up near 70 which would indicate that it's time to sell? Looks like I need to reread that chapter. Thanks for the correction I'm sure I will have another few questions in the very near future.

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jgrecoconstr
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Mach.... this is why I confused myself. Look at CGR on October 10th the ema was stacked 50 top 40 next 20 after that on the bottom. The RSI was around 40 the downtrend ended with a doji and small white candle. It went up from there. Can you tell me why? If anything else this is the only stock I found yesterday looking that had a clear trend to it. I put a trigger in to notify me at 1.21 it's bottom. But I am very curious now why this is totally backwards from the book but still went up every time.
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jgrecoconstr
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OK two more questions actually observation that possibly you or Tex can clarify. Tex first as I have seen his name quite abit over the year I have been watching. He mentioned buying into a stock IBCX. Now it is already in an uptrend a few days in a row, (i'm trying to do this from memory) it's RSI is near 70 and I think if I remember the ema's were in the wrong order. Why would he buy into this one? Isn't it to late?

Second observation through hours of looking at charts please give me your input. WNYN this fits the criteria perfectly. EMA just crossed over, doji with white hammer coming off a downtrend, RSI at 50, it has good volume. If I am correct this is definetly a buy?
I found alot that there is usaully a pick up in volume on a doji days before the EMA is correct so are these people just getting lucky or am I missing another indicator that points toward a change in trend before the others.

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T e x
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"He mentioned buying into a stock IBCX."

I did? All i remember is clarifying the ex-date... ????

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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jgrecoconstr
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Tex, my apologies your name was after the person who posted that and I think you were commenting on it.
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Machiavelli
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sorry Jgreco.. been busy I will answer later today when i get back from doctor's appointment...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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jgrecoconstr
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Mac,
I appreciate all the advice and answers I know eventually you or someone will come by and set me straight. Think I offended Tex up above here which I didn't mean to do I think he had pasted a reply from someone on a stock and he was answering them and I just got the name mixed up......... but it was a good question non the less. I wouldn't see why someone would have tried to buy into that today. I can always talk to myself here to it keeps my thought straight. I think one thing I figured out was that all the indicators don't always line up. The macd may show an uptrend before the ema lines cross, the ema can be stacked but spread out and the buying starts on just the candlestick which I have seen alot so far on just the doji and nothing else then the ema is in line a few days later. It's almost like they are taking a gamble on the doji that it will uptrend. You can certainly correct me, but I feel like I'm figuring some of this out. Of coarse I could still be way off like I was when I had the ema wrong a few days ago.

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jgrecoconstr
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ok if you do come back I went into my watchlist I set up last night and this should fit your indicators perfectly. I hope I'm right and I'm pretty sure I am. Symbol AMAR ema just crossing, macd just crossed on zero, it has volume, small bullish candle then spinnig top just came out of a downtrend. Price .81 I believe I'm right so I put in a buy for 600 shares. I'll keep my fingers crossed till I hear from you. Maybe I can get an A- on this term paper.
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