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some charts of interest on 12/28


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#1 hiker

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Posted 28 December 2005 - 08:27 PM

Wednesday -

http://stockcharts.com/gallery/?tre
continues to make new highs daily

http://stockcharts.com/gallery/?bucy
continues to move up following cup and handle breakout last week

http://stockcharts.com/gallery/?ener
note today's volume
$44 area appears to be the entry to the next major resistance zone, if it makes it above the resistance zone it tested today.

http://stockcharts.com/gallery/?lfc
note the PnF chart as it moved above the IPO highs today ($35.60 is the prior intraday all-time high which was reached on 1/2/04)

http://stockcharts.com/gallery/?sndk
is this a double top forming or will price advance above $65.49?
note the early 2000 price levels offer resistance to a potential move higher
note the daily and weekly volume trend
tax-deferral selling to kick-in next week?

http://stockcharts.com/gallery/?n
the lower boundary of the price channel on the weekly remains unbroken

from 9/27 prior to the bid for FAL by N: N is a miner of copper as well as nickel and nickel alloys, and accounts for about 20% of global nickel sales. China continues importing nickel at a rapid rate to fuel the demand for stainless steel products. The fact that China is still importing copper and nickel at a strong pace seems to be catching many investors off-guard who were betting that demand would drop in the second half of the year. N sells 60% of its nickel to Asia, positioning it well to capitalize on the demand from the region. With metals prices like copper and gold often seen as hedges on inflation, N appears to have continued upside potential, especially as energy prices continue to rise. While many experts believe there could be a nickel glut in 2006, until demand from Asia shows signs of weakening, N seems to be in great position. Even if demand does slow next year, investors should note that N has over $1.17 bln in cash that could be used to boost its dividend or pay down debt.

http://stockcharts.com/gallery/?cbi
$23 support area has been tested on two successive days
note the last page of this article mentions CBI:
http://www.thestreet...=FREE&cm_ite=NA

http://stockcharts.com/gallery/?ntes
$55.15 swing low remains intact during this period of potential tax-loss selling
60.00 resistance area remains unbroken
note the potential bottoming action visible on the PnF chart

http://stockcharts.com/gallery/?ncty
is the pattern of lower lows and lower highs in the process of being broken?
price is trading between the uptrend and the downtrend lines shown on the PnF chart
note the weekly volume trend

http://stockcharts.com/gallery/?upl
recent downtrend is in-play and is easily visible on the PnF chart
note the 3-box reversal (customary price behavior) visible on the PnF chart

http://stockcharts.com/gallery/?btu
double top formation in play?
tax-deferral selling to kick in next week?
note the test of the 50 sma this week
note the weekly volume trend
the price channel is easily visible on the weekly chart
PnF chart signaled a "bear trap" alert today, and price action today represents a 3-box reversal

#2 hiker

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Posted 30 December 2005 - 02:56 PM

today's update for CBI posted above:

note the price and volume response to the convergence of the 50 sma and 200 sma:

http://stockcharts.com/gallery/?cbi

two successive days in which the 21-day ema has been tested by the high of day...note the 5 ema relative to the 21 ema, as well as the 3 ema vs. the 8 ema

the unbroken downtrend is clearly visible on the PnF chart.

$20-23 support zone has held so far, and has been retested this week.

a recent pattern of higher lows remains in-play.

note the structure of the RSI...and the recent action in the BB.

---------------

link to the thread that contains some CBI history:

http://forums.techni...vpost?id=721838

#3 Chinook

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Posted 30 December 2005 - 03:17 PM

today's update for CBI posted above:

note the price and volume response to the convergence of the 50 sma and 200 sma:

http://stockcharts.com/gallery/?cbi

two successive days in which the 21-day ema has been tested by the high of day...note the 5 ema relative to the 21 ema, as well as the 3 ema vs. the 8 ema

the unbroken downtrend is clearly visible on the PnF chart.

$20-23 support zone has held so far, and has been retested this week.

a recent pattern of higher lows remains in-play.

note the structure of the RSI...and the recent action in the BB.



Hiker>>>> You sure helped alot of people this Past Year.

Best to You into the New Year.

Thanks Steve.

Chinook






---------------

link to the thread that contains some CBI history:

http://forums.techni...vpost?id=721838

<{POST_SNAPBACK}>



#4 hiker

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Posted 30 December 2005 - 03:56 PM

thank you very much for the feedback, Chinook.

More charts of interest:

http://stockcharts.com/gallery/?MNG
note the PnF chart and the weekly chart for the highs just above


http://stockcharts.com/gallery/?grmn
testing December highs

http://stockcharts.com/gallery/?ostk
note the weekly chart for support being tested
new 52-week low today
note the bollinger bands and the structure of the rsi
year-end tax loss selling price action?

http://stockcharts.com/gallery/?sify
note where support resides below $10.00
$10.00 has not yet been broken to the downside
a 3-box reversal on the PnF chart has not yet been accomplished...even after the strong run of recent mos.....this one will be worth trading again once next year's direction is evident.

http://stockcharts.com/gallery/?chrs
Charming Shoppes is a play on Americans' large size trend. CHRS operates nearly 2,300 retail stores under the Lane Bryant, Fashion Bug, Fashion Bug Plus and Catherines Plus.

http://stockcharts.com/gallery/?panl
testing the 200 sma for the first time in a while
will the recent pattern of higher lows be reversed?

http://stockcharts.com/gallery/?STAK
note the downtrend line test on the PnF chart
this one has moved a large % since first discussed at another site weeks ago

http://stockcharts.com/gallery/?leap
earnings release is next Friday

---------------

http://stockcharts.com/gallery/?kfx
note the upside break of the downtrend line visible on the PnF chart
note the daily and weekly chart for the resistance level currently being tested
one source cites the published short interest at 22%

today's news summary (KFX has a habit of price spikes on news, tho' this particular news item that has been in-play for some months is maturing):

09:33 KFX KFX completes its first two production runs at K-Fuel plant (16.22 +0.75)

Stock gaps up following announcement that it has completed its first two production runs at its 750,000 tons per year commercial scale K-Fuel plant. Co says "This is an important milestone for KFx marking a significant step toward one of our strategic goals of becoming an energy production company."

article link and January 12th conference call details:

http://biz.yahoo.com...f006.html?.v=33

#5 hiker

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Posted 30 December 2005 - 04:00 PM

trade updates, fyi - closed ENER long today on the retest of recent highs...a move above recent highs will catch my interest in the long side if volume trend is encouraging. have been swing trading DBRN both ways in recent weeks...closed long today on the move to new high....a move above $40 will catch my interest again in the long side. have tightened stop on KFX swing long. My trust level is low that this rally will continue from this likely short squeeze...

Edited by hiker, 30 December 2005 - 04:02 PM.


#6 calmcookie

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Posted 30 December 2005 - 04:17 PM

Hiker, Thanks for interesting charts. Hike oh hike to mountain top Reaching summit, do not stop Miss the dips and miss the lows Reaping profit as he goes :P :redbull: :P

#7 hiker

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Posted 30 December 2005 - 10:02 PM

Happy New Year, CC. :D

One more chart of interest:

http://stockcharts.com/gallery/?tm

new highs

approaching the $108.25 intraday high of 4/25/2000...note the price levels of 3/31/00 thru 5/10/00 which contain the current price range...and note the 10-year chart.

related article:
http://biz.yahoo.com...51976.html?.v=1

Edited by hiker, 30 December 2005 - 10:03 PM.