Some Interesting Charts

This post has 5 comments

• 
  Duru
  September 19th, 2005

  Nice charts. I would add a few things:
  1. Looks the entire housing sector got sold heavy on Friday. Near-term action may depend greatly on what Greenie says on Tuesday. Finally, note that KBH reports later this week.
  2. CMVT made a nice round-trip post-earnings. Those pre-earnings levels make that support all the more convincing.
  3. ADSK reports next week…
  Finally, did you notice all the HIGH volume moves on Friday!?

• 
  Michael
  September 19th, 2005

  1. I didn’t even look at the entire sector but I assumed they all got slammed based off of the few that I saw.

  Thanks for the heads up on the earnings dates. Seems like earnings season just ended but another one is just a few weeks away.

  I can’t remember if the volume surges I saw were only on S&P stocks… I wonder if all of that volume was related to that S&P rebalancing.

• 
  bfreeman71
  September 19th, 2005

  this message for mike.. thanks for all the helpful information. Can i ask a favor i need help with my scanner on how to set it for suspicious gap plays and any other helpful plays.i hav tradeideas scanner..
  thankyou,
  brett

• 
  RedEyes
  September 20th, 2005

  Over the weekend I was reviewing the TC2005 “All Worden Market Indicators” when the T2125 Nasdaq Advance/Decline indicator caught my eye. If you don’t subscribe to the service I could email you screenshots.

  Please take a look at this indicator on a 5 day and monthly setting and compare it to the Naz. It sure looks like the A/D line and the Naz both started to rise in early 2003 and then peaked in Jan of 2004. But the A/D line has steadily dropped since then but the Naz has flatlined.

  I am not sure how to interpret that other than to say that the Naz internals are weakening?

  Your comments would be greatly appreciated.

  RedEyes

• 
  Declan Fallon
  September 20th, 2005

  Thanks for the card Mike.
  Declan