So Far So Gooood

By Brett Goldstein on Sep 04, 2007

So far, the previous stocks and charts that I have put up have done what I expected them to do.

SPWR - Trading in the range and acting right

DRYS - Steaming ahead

LFC - Went up about 10pts the next day

ICE - Up 15pts from the chart

OMTR -Dont loose faith

AMZN - Need I say more?

SMSI -Hit the target of $17

TBSI -Steaming Ahead

BIDU - Making all time highs

Lets just hope this market does not try and do anything irrational. Not like it ever does or anything. I will continue to look for undercover charts that I think will do good. I am in the last 2 weeks of finals, so once there over I will be back strong.

This entry was posted on Tuesday, September 4th, 2007 at 5:11 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

4 Responses to “So Far So Gooood”

By JB on September 4th, 2007 at 7:18 pm

Brett

Always interesting posts.

This post prompted me to take a look at several of the above mentioned names. Couldn’t help but notice several observations in a few of these stocks:

DRYS - Negative divergences on the weekly chart in the RSI and the RSI & MACD in the daily chart. In addition, today’s (9/4) volume was almost double the 30-day average with a failed advance and decline into yesterday’s range.

BIDU - Potential negative divergence in the weekly RSI & divergence in weekly MACD historgram.

These don’t necessarily mean a trend reversal is in the cards, but if they play out a trend change might occur. Would like to hear your thoughts.

By Brett Goldstein on September 4th, 2007 at 7:49 pm

Hey JB, Your observation is correct, but in my opinion I only see that as a short term blunder if that. Dont get me wrong, a trend change can always occur, but until then, I want to be on the right side, and right now the right side is long.

By SRS Finance on September 5th, 2007 at 11:24 am

OMTR is interesting here. Goal line stand or break? Here’s where to make your bets.

Great blog. We’ll have to put it on our list to follow.

By Doug on September 10th, 2007 at 4:50 pm

DRYS and EXM are both up in A.H’s right now. Don’t you expect a pullback in this sector, even if it is a slight one?

–Doug
http://www.tomorrowsnewspaper.blogspot.com