Speaking of which - remember when I was covering the NITE chart - it did break out... shoulda sold my soul.
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OCNF is starting to look tempting....it has a ways to go down though.
It is kind of interesting how the RSI is totally inverse to the pps. This reflects a total volume issue. OCNF is overbought at the moment (technically speaking). It is very close to a buy. If a person had more patience than I, then I would say go for it, but I would like to get it as close to 1.20 or lower that I can. I know that I will make a good profit at those levels. I have owned this stock so many times that I cannot even remember how many times. I have always made money with it. Keep an eye on it. It is a Dry Shipping Company.
I haven't looked at the financials lately, but I will. I just noticed that it is performing again like it has in the past.
http://www.coloradohandyman.com/ocnf.jpg
Let's see if sea holds... lol.. it broke out and reversed...
http://www.scripps.edu/~davess/siri14/SEA.png
BDI still in channel, pierced the "price" support line, now it's retesting.
http://www.scripps.edu/~davess/siri14/BDI.png
We have to see how the reports come out on friday, then monday/tuesday market reaction.
Was scrolling thru old chart lists... here's the MGLG 15 min chart....
http://www.scripps.edu/~davess/siri14/MGLG.png
Found it, I knew I had a second ONCF chart....
Looks like money is pouring out of it, and today's low was the old support line... there are 2 underneath. Could be a double bottom play if it breaks south of the current $1.25 support line.
http://www.scripps.edu/~davess/siri14/ONCF.png
Hey Dave,
Lol...It looks like new sections of Freeway. OCNF is starting to look pretty good on the month chart that I posted. I looked at the intraday a little earlier and there was a real war at the end of the day. Of course the Market dropped 207 points today, so tomorrow should be telling with OCNF. I love the boats!
Transports and Dow -
Was looking for Dow to get close to 10000 -
http://www.scripps.edu/~davess/siri14/TRAN.png
http://www.scripps.edu/~davess/siri14/DOW.png
More importantly - it's the NYSE that I watch the closest. Wasn't sure if it would scratch 7000.. I think I've posted this chart before... anyway, here it is again. Need to email my futures trading buddy, see what he thinks...
Here's also some indicator charts - they are rolling over. Again, you can't call a top, but need to be prepared... I still have PACR and SIRI, and they are listed. May take my profit in PACR tomorrow or monday, see how things go, might set a stop tonight, can always buy it back.
http://www.scripps.edu/~davess/siri14/NYA.png
http://www.scripps.edu/~davess/siri14/NYMO.png
If the VIX climbs up, maybe time to buy some puts on the companies you despise.
http://www.scripps.edu/~davess/siri14/VIX.png
Hey Dave -
Nice chart! Thanks! I will be watching it tomorrow. I wonder how far south the market is going to go. The big market...any ideas? If it is really a bubble then we could score the boats again really cheap. That would not break my heart. Any prognosis? Or even a simple-ass guess?