10 replies to this topic

[hiker]

7/19

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

the 5-day ema has represented resistance for most of July....today represented the first close above the 5-day ema ($27.23) in many days....20-day ema is $29.92

note the consecutive test of horizontal support near $25 visible on the daily chart, and the test last week of the 200-day sma

downtrend line remains in play on the daily chart

[Jnavin]

TIE's CEO just bought 1.3 million dollars worth of his stock. Trade date is 7/25. For what it's worth... WSJ, 7/28, page C13.

[hiker]

thanks, John. good day for the sector today. will TIE move above the Downtrend line?

[Jnavin]

I think so. Point and figure chart is already back to bullish.

[charlie]

Hiker, Been keeping a squint on TIE too. This stock I know is yours and you have played it like a fiddle. So I listen carefully when you take note of it. The materials BP @ 46.24 just crossed it's 50ema and nearly a MACD cross BPmate came from down in the 30's. But the chart is worriesome to me the congestion phase TIE has been going thru has been going upward with volume weak. The last high (28.94)in the congestion phase was on higher volume, wish I knew how to send a chart. The charts I have show the TL and the 50ema at 30.20

Dang it. Sure wish Semibiz would come over here. The Fridays high on lesser volume than the 7/20 high is I think a bad sign Wykoffonly , I'm trying to learn the Wyckoff method.

Would you please take a gander at CXTI http://stockcharts.com/h-sc/ui?c=cxti

I was running a scan for 3Top PNF Breakouts with volumes over 100,000 and got to this right away. I do hate those $3 stocks cause I know institutions don't like them. But hey this looks good. For about 6 months it's been forming almost a picture perfect C&H. Then a PNF signal triple top on 7/10 on huge volume, huge! Then a correction down on piddly volume now a breakout with volume behind it. Bouncing off the 50ma like a rubberball. 20ema 2.69 CXTI closed 2.70, another cent or two and it will break above the daily TL.

I know it's chinese, I hate to give them any of my money at all. But I can be bought!! Can you get a feel of this for me on CXTI. Thanks....ll

[Jnavin]

TIE is about to break above the 3-month downtrend line on decent volume.

[Jnavin]

Not quite there yet. Now, it's a re-test of the June lows on diminshed volume. What would Mr. Wycoff say?

[hiker]

hi John,

I bought a 100% position in TIE this week...24.50 horizontal support has been clearly visible as an area of potential interest for a while. Took risk to the $23's when entering...have now moved up stop above breakeven. We shall see from here.

http://forums.techni...post?id=1277809

Edited by hiker, 13 September 2006 - 09:42 AM.

[Jnavin]

I'm in.

[danzman]

IIIN also looking very interesting. Nice corrective after that huge run earlier this year...symetrical triangle. Looking for low-risk entry (very likely AFTER the next move up has started). D