5 replies to this topic

[hiker]

at a minimum, a backtest of the PnF downtrend line is in order after making today's new 52-week high near horizontal resistance -

http://stockcharts.c...lery.html?NWACQ

Edited by hiker, 12 December 2006 - 10:45 AM.

[dougie]

are you still liking NWACQ here hiker: looks like it may want some small down before real up

[hiker]

Dougie...I sold my most recent swing long entry a while ago, and have not yet reentered.

[dougie]

thanks Hiker: quite a mystery that appears to be

[hiker]

dougie....

note the PPO on the weekly in this link...3-box reversal is currently in play on the PnF chart:

http://stockcharts.c...lery.html?NWACQ

if it breaks the 8-week ema on any future tests, I will consider dip buying tricky....I bought the most recent dip toward the 8-week ema and sold the upmove a few days later....I am not likely to be buying the next dip to the 8-week ema, if any...will wait and see instead.

it is tempting to simply hold a core position in NW if price declines far enough. $3-3.30 is a horizontal zone to have on alert for what happens when tested.

The airline sector has been choppy and tricky in recent weeks. Note that BAB and AKH and LFL recently achieved new highs, and backed off rather quickly...let's see what these leaders do in 2007. AKH has been one of my favorites to swing trade because it has little analyst coverage.

http://stockcharts.c...allery.html?bab

http://stockcharts.c...allery.html?akh

http://stockcharts.c...allery.html?lfl

Edited by hiker, 02 January 2007 - 04:25 PM.

[dougie]

Thanks again