For what it is worth, Gold $GLD is testing the top end of its trend channel
http://www.kirkreport.com/09/gld_11_16_09.gif
- asr: 1) seems this is SELL signal for short term traders.
- point to look in this chart: 2) Innovanalytics red/green lines are shown at bottom , this gives good entry point around OCT and OCT 26 . Combine these 2 points with ATR/Stocastic this will act as '2 systems' confirming each other.
- how this trend channel was drawn?: 3) the top channel is not based on price since no price touched the top level earlier , so it it based on certain parameters of price ( 3% above 10 DMA etc..) need to find out . this is good to know since SELL signals are hard to find it seems this is one.
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I don't receive any emails about $UNG anymore. Is that a double-bottom setup I see?
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The best performing stock today in the stock screen machine is Rightnow Tech $RNOW
- refused to get oversold:? does it mean red stoc did not fall below 0 line ? or white line
- comment: difficult to get good entry points
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Small Caps
http://www.kirkreport.com/09/tna_11_16_09.gif
- trend channel ( need to how it is drawn double lines), see Teresa Lo red/green and stops are used
Monday, November 16, 2009
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