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| freeye |
 Posted: Fri Jul 01, 2005 10:58 am Post subject: Stock Trading - Technical Analysis |
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Investing Manager
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07/01/05
i'm starting a forum for those that want to know what the technical charts experts are saying about the stocks they own and to grasp a deeper understanding of the chart aspect of stock selection.
i will try and post some companies or one company with a chart several times per week where someone in the media has said that a stock has a good or a bad chart.
if possible with a short interpretation. nothing to elaborate though.
primarily i will be trying to teach myself a thing or two about technical chart reading on individual stocks and the over all markets like the dow jones industrial average, (DJIA) or dow jones transportation average, (DJTA).
if you want to join me in this process feel free to join in.
freeye |
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| freeye |
| Posted: Wed Jul 06, 2005 8:47 am Post subject: Technical Analysts Belief Structure |
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Investing Manager
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Technical analyst believe:
fundamentals - are a lagging indicator.
stock price action and reaction is important.
volume on the price movement on stocks is important.
high volume on up days is important.
lower volume on down days is important.
insider buying is important.
insider selling is important.
a stock price up and down trends are important.
a stocks 50 day moving average, (m.a.) is key support or resistance.
a stocks 200 day m.a. is a key level of support or resistance.
a stock that moves up rapidly will revert back to 50 & 200 day m.a.
stocks that lead a move up on big volume are good stocks to own.
stocks should break-out of a base.
stocks should break-out of a base on no news, (no upgrades or earnings)
it's best to own stocks that are setting-up technically correct.
how a stock reacts to earnings is more important than earnings.
it's best to differentiate between a good reactions than balance sheets.
balance sheets break-down long after the stock price breaks-down.
balance sheets are too often subjected to manipulation by management.
it's too hard to translate the balance sheet into what stock price should be.
it's best to own stocks that react the best to earnings announcements.
the stock reaction tells you what you need to hear.
stocks trade on investors perception of future 2-3 quarters into the future.
you shouldn't trade a stock on i.p.o. since it has no open market chart.
you should continue holding a stock that is technically correct.
many of these beliefs are taken from the july 06, 2005 gary kaltbaum radio show.
freeye |
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| freeye |
| Posted: Wed Jul 13, 2005 3:37 pm Post subject: Google, (GOOG) Analysis 101 |
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Investing Manager
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technical analysis of google, (GOOG)
1.) start with a 30 day chart of (GOOG) one with the volume indicated.
2.) draw a line horizontally under the $290/shr level.
3.) this line represents a short-term support level. if this support level had
been maintained for more than 3 months it is considered to be
long-term support, since in this case it has been only 3 weeks so it is
considered short-term
4.) look at the volume pattern. a good volume pattern is one in which you
have low volume on the down days and high volume on the up days.
5.) google, (GOOG) appears to have a good volume pattern.
6.) if you see a old time tea cup and a handle shape in the chart and the
price of the stock moves up through the handle so it trades above the
handle, this is considered to be a good time to buy a stock, if this
move is accompanied by high volume.
7.) what do you think? is google, (GOOG) going to attempt to go up? |
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| Grimreaper |
| Posted: Wed Jul 13, 2005 4:03 pm Post subject: |
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CFO
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Let's put the longer term chart up first, just so you can get an idea of what I meant when I said it is easy to be a stock picker when things is goin yer way, see if you can figure out where GOOG made the mistake according to the DMI indicator on this chart, also, observe how the DMI just formed a trend top in late June at 300 (the ADX line touched 60 as the +Di line was dominant over the -Di line), also observe the subsequent move above 300 with no new signal that even higher prices are due, then I want you to observe GOOG as it trades to or even slightly through 300 tomorrow and into Fri, when the selling finally stops I want you to examine this chart one more time to see how far GOOG has fallen and where it finally gets some relief, you will be shocked! 
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=goog&time=8&freq=1 |
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| tracyowens |
| Posted: Tue Mar 08, 2011 4:28 am Post subject: |
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Investing Associate
Joined: 08 Mar 2011
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