Discussion in 'Technical Analysis' started by Salzburg, Nov 27, 2005.
looks like it wants to go forward.
On daily chart look for 12-12 for possible reversal. Important price level will be established on 12-01 around 11;30est.
Oddtrader and Balda --
KERX caught my attention simply because it's coiled up so tight. Thought I'd just see whether it pops or not. CEO will be holding forth at a conference tomorrow, the company's drugs are looking fairly good, report coming up in December (I think), blah, blah, blah.
Sure, it could meander for another 6 months, too. But I won't be watching for that long.
I should have added an explanation in the first place. My apologies.
The best of luck with your prediction.
Compare it to the market for last 30 days.
Market went up and Kerx was....
I like stocks that look like
Oh, sure, no doubt about it. The market woke up and KERX fell asleep. That's plain as pie. The market was clealry directional, KERX was clearly consolidating.
Who knows what the market will do tomorrow; who knows what KERX will do? But there's a point where sideways morphs into up or down, no? And where very quiet changes into, well, something a little more spunky -- in which case I'll be watching.
TIE is a good-looking chart if I ever saw one. I had to chuckle when I opened it because there was a notation on it.
So yes, if you care to comment further on TIE, I'd be very interested to hear what you have to say. Take about textbook trends!
I wait for market to bottom than scan for stocks that near its 52 week high and try to hand pick a few. I like to buy strongest at right time. And there are some other things I look for. To me stock trading is about selection and I mostly trade one set up break out break down.