|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.2919.6307" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV> All,
<P class=MsoBodyText><SPAN style="mso-spacerun: yes">
</SPAN>I spent a lot of time looking at the charts and finally decided that I
wanted to go with some smaller cap stocks that had recently broken out of an
Intermediate Term Down Trend Channel (ITDTC) and established a new Short Term Up
Trend Channel (STUTC).<SPAN style="mso-spacerun: yes"> </SPAN>I also
wanted it to have finished its first correction in the STUTC and be showing some
up side movement by bouncing up off the bottom of the STUTC.<SPAN
style="mso-spacerun: yes"> </SPAN>I wanted one stock in the Internet group
since that is still the group with the strongest momentum and the other in the
Pharmaceutical Group since it looked like it was finally showing some signs of
life.<SPAN style="mso-spacerun: yes"> </SPAN>I finally came up with
Cybercash Inc (CYCH) in the Internet Group and Watson Pharmaceuticals (WPI) in
the Pharmaceutical Group.<SPAN style="mso-spacerun: yes"> </SPAN>CYCH
makes virtual cash registers ring with software that makes online shopping
secure and simple. It offers secure payment transaction services that let online
sellers accept credit card and check payments, and services that store
consumers' payment information -- digital "wallets" -- for simpler shopping. WPI
makes generic and branded drugs, focusing on niche pharmaceuticals. It offers
generic versions of brand-name products such as cardiovascular drugs Lopressor
and Inderal, analgesics Vicodin and Lortab, and asthma drugs Proventil and
Ventolin. </P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes"> </SPAN>CYCH at 10.94 is in a
STUTC with the top at 14 3/8 and the bottom at 9 3/8.<SPAN
style="mso-spacerun: yes"> </SPAN>It hit an all time high of 24 on
4/14/99.<SPAN style="mso-spacerun: yes"> </SPAN>After that it went into an
ITDTC finally hitting a low of 6.69 on 9/29/99.<SPAN
style="mso-spacerun: yes"> </SPAN>It started its current STUTC from that
low and broke out of its ITDTC on 10/5/99.<SPAN style="mso-spacerun: yes">
</SPAN>It bounced off the bottom of its STUTC four times before the bounce last
Monday so we have a well-defined STUTC.<SPAN style="mso-spacerun: yes">
</SPAN>I got a Tema StochRSI 21 & 55 buy signal on 10/12/99.<SPAN
style="mso-spacerun: yes"> </SPAN>The fundamentals are what you expect
from an Internet stock; fast growing revenues (66% per yr) and no earnings.<SPAN
style="mso-spacerun: yes"> </SPAN>At least it doesn’t have any debt.<SPAN
style="mso-spacerun: yes"> </SPAN>I’m going to set my target just under
the all time high at 23 and my stop just under the STUTC at 8 ¾.<?xml:namespace
prefix = o ns = "urn:schemas-microsoft-com:office:office"
/><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes"> </SPAN>WPI at 37.94 is in a
STUTC with the top at 45 ½ and the bottom at 34 ¾.<SPAN
style="mso-spacerun: yes"> </SPAN>It hit an all time high of 63 on
12/31/98 and then went into an ITDTC to a low of 26 ½ on 10/7/99.<SPAN
style="mso-spacerun: yes"> </SPAN>It started its current STUTC from there
and broke out of its ITDTC on 11/03/99.<SPAN style="mso-spacerun: yes">
</SPAN>It moved up strongly for two months before pulling back to form the
bottom of the STUTC last week.<SPAN style="mso-spacerun: yes"> </SPAN>It
started a strong bounce off the bottom of the channel in the last two days.<SPAN
style="mso-spacerun: yes"> </SPAN>I got a MetaStock Tema ROC buy signal on
11/2/99.<SPAN style="mso-spacerun: yes"> </SPAN>The fundamentals are good
with a price/sales a little high at 5.63, ROE a good 14%, Debt/Equity a low
0.14, and 5 yr annualized revenue and earnings growth of 51% and 27%
respectively.<SPAN style="mso-spacerun: yes"> </SPAN>I’ll set my target
just under the all time high at 62 and my stop just under the STUTC at 33
¾.<SPAN style="mso-spacerun: yes"> </SPAN></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes"> See charts at <A
href="http://www.geocities.com/jimginva/";>http://www.geocities.com/jimginva/</A></SPAN></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-spacerun: yes">JimG
</SPAN><o:p></o:p></SPAN></P></DIV></BODY></HTML>
</x-html>From ???@??? Sun Dec 26 08:19:52 1999
Return-Path: <majordom@xxxxxxxxxxxxxxxxxx>
Received: from listserv.equis.com (listserv.equis.com [204.246.137.2])
by purebytes.com (8.8.7/8.8.7) with ESMTP id XAA26483
for <neal@xxxxxxxxxxxxx>; Sat, 25 Dec 1999 23:17:27 -0800
Received: (from majordom@xxxxxxxxx)
by listserv.equis.com (8.8.7/8.8.7) id OAA29226
for metastock-outgoing; Sun, 26 Dec 1999 14:15:25 -0700
X-Authentication-Warning: listserv.equis.com: majordom set sender to owner-metastock@xxxxxxxxxxxxx using -f
Received: from rmx07.iname.net (rmx07.iname.net [165.251.8.75])
by listserv.equis.com (8.8.7/8.8.7) with ESMTP id OAA29221;
Sun, 26 Dec 1999 14:15:19 -0700
Received: from web34.pub01 (web34.pub01.mail.com [165.251.32.124])
by rmx07.iname.net (8.9.1/8.9.1) with SMTP id AAA01842;
Sun, 26 Dec 1999 00:39:50 -0500 (EST)
Message-ID: <381340386.946186787038.JavaMail.root@xxxxxxxxxxx>
Date: Sun, 26 Dec 1999 00:39:47 -0500 (EST)
From: "Douglas C. Weber" <dcweber@xxxxxxxx>
To: MetaStock List <metastock@xxxxxxxxxxxxx>,
MetaStock-List <owner-metastock@xxxxxxxxxxxxx>,
MetaStock List <metastock@xxxxxxxxxxxxxxxxxx>,
MetaStock List <metastock-digest@xxxxxxxxxxxxxxxxxx>
Subject: "W" Shape Filter
Mime-Version: 1.0
Content-Type: text/plain
Content-Transfer-Encoding: 7bit
X-Mailer: mail.com
X-Originating-IP: 198.80.192.137
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
Status:
Has anyone tried writing an exploration or indicator to find a "W" shaped
pattern, either in price or some indicator (ie. macd x-over)? Example;
higher high----------*
-----* *
* * * *
* * *------higher low
*-----------
Regards - Doug Weber
______________________________________________
FREE Personalized Email at Mail.com
Sign up at http://www.mail.com?sr=mc.mk.mcm.tag001
|