2 replies to this topic

[hiker]

it moved up Friday 32% on largest daily volume stick in its history

ignore the fundys that make this one a fav of crystal ball type traders

what is the chart telling you is next likely?

I am considering the ULT, BB, ADX 8 and 13 on the daily and weekly, and other considerations

would value your thoughts?

once $200 pscyh level is achieved, as with CME in the old days...just thinking about possibilities, which clearly could go either way..of interest is the float size in ISRG is :

36.8 M shares vs. CME float of 32.4 shares

I have some post history with charts since 2005 and 2006 at another site, but will not post the link here.

btw, the Cleveland Clinic uses this surgical system...see their description of its use in heart surgery..they also use it for prostate surgery -

http://www.cleveland...llyassisted.htm

one sidelight, is that LUNA moved to new intraday 52-week highs on Friday because it supplies fiber optic-based shape sensing and position tracking system to ISRG (historic high resides just above the 52-week high) -

LUNA site -

http://www.lunainnovations.com/

Edited by hiker, 21 July 2007 - 09:05 AM.

[OEXCHAOS]

what is the chart telling you is next likely?

I am considering the ULT, BB, ADX 8 and 13 on the daily and weekly, and other considerations

would value your thoughts?

Hiker,

Here's what is likely to happen next. Traders like me will sell this issue. It'll pull back about 6%. Traders like me will feel relief at taking our profits. Then we'll start looking for a set up to get back in. The stock will then proceed to extend, leaving traders like me wishing we'd held.

This is the type of stock that you have more experience with, Hiker. You buy break outs into the ether. There's no resistance so I am usually left guessing as to where it goes once it gets up there.

I'll say this: The chart is instructive. There was a wonderful buy for investors around May of 2004. Pretty base, nice break out. Then there was an absolutely beautiful wedge that broke up in January February. That projected to about Wednesday's high. That's probably where I'd have let go of at least half.

I gotta hand it to you, that one, if you owned it early, is the trade of a lifetime. I would guess that the proper thing to do is to let go of pieces of long term stock just to reduce one's portfolio risk. And then take oneself down to a core position that won't hurt if the nervous nellies like me take it down 33% or so. After all, while there's nothing but air above, there's a lot of air and little else below for many points.

Mark

[mss]

Just a couple of comments. Money flow and volume spikes do not coincide. Volume spikes occur at 3 month intervals, and money spikes happen earlier. Also note that until 2007 all volume spikes were followed by price decline. Why did this change in 2007 may have a very significant bearing on future price direction. Long term indicators, 89 day, suggest that the stock is not extended. Money flow into the stock from March till now suggest fund/institution buying.



Just my thoughts FWIW.
mss