SK's Heir To The Throne: $3,000 to $6,000 -- Currently $4,940 - Page 4

Quote:

Originally Posted by OldFart 

really good finds SK....

OF you see RTIX? Ballin status man. Bounced off that $3.78 area I was eyeing with ease. Currently at $4.08 

HOLY GOD I am loving FTR's chart.. $4.47 is looking good, huge selling climax today.. keeping a keen eye on this. 

Quote:

Originally Posted by Datemike 

you using some sort of scanner that checks for 2x daily volume or something like that?

The vertical volume bars on the left side are volume by price bars.. very essential.. look them up on stock charts. They are really good at locating support and resistance areas. 

Volume By Price forms in new price areas at it goes, even if there are no VBP bars in certain areas.. right now its just flushing supply out to gather in the buyers.. look at the weekly chart of FTR.. BEAUTIFUL I TELL YA
 

Quote:

Originally Posted by Datemike 

refering to FTR. going to be no volume by price at the currently level considering its price discovery
 

 

Just took a peek at HITK... currently at 38.55... up +235 ticks since the 36.20 creek!
 

Quote:

Originally Posted by Stock King 

Wanted to chart up HITK, I've been watching this stock since its selling climax back on Jan 10th and it was also mentioned in the Pinch Chat. I didn't trade this because my funds were tied up but I did paper trade it on my TOS account. 

 

 

My initial creek was $36.20 but since I paper traded it I got in at the "mini" creek @ $35.90 and it broke out on 200k volume and closed @ $36.76 (86 ticks). 

 

The reason I'm showing this is because within the Pinch Militia we spot these suckers non-stop on a daily basis. The Wyckoffian Method is textbook and it will work if you are patient and your timing is correct. 

Yes. FTR had an automatic reversal today...  hopefully that flushed out all the supply left. I could be wrong tho, it could sell off more, but by the looks of it it looks like demand has taken control.                      
 

Quote:

Originally Posted by perezidential 

 

Looking good again SK... Dropped to $3.80 range and then bounced up quickly to rest at 4.22$...

is that considered the automatic reversal?

Week 2 I had three positions. SJT, HGT, and RTIX. All winners. 

Gain/Loss: $221

FTR analysis 

"Once the market defines a range with excesses at each end, it negotiates within that range to establish value. The market trades between the established excesses until it either trades above the high excess or below the low one."

"Stop the market at any point in time and you'll see these three reference points: unfair low, unfair high, and value somewhere in between. These three price areas define the negotiating process-the method the marketplace uses to facilitate trade."

Quote:

Originally Posted by perezidential 

Broke through the trend line. Next step is to test the October lows and look for an entry point around 5$? 

 

HEK tested those Oct lows Friday.. this $5.02 price is very sexy.. I'm going to wait for now and see if it pinches monday for confirmation 

"My teacher told me that I was a piece of shit... Just saw her the other day driving a piece of shit"

On Watch This Week: 1/30/12

HEK - 5.02

FTR - 4.31

DYN - 1.99

The creek would be around $4.35-4.38. Its still accumulating.. we'll see how this one acts.. remember it can also test supply. 
 

Quote:

Originally Posted by perezidential 

Steadily trading between 4.20 and 4.30$ since the automatic reversal..

this must be the creek that they keep talking about..lol

Thank you sir. 
 

Quote:

Originally Posted by MaxC5 

Really diggin' your analysis, fun to follow.