So Mr. Decorum...
Do you still think a buyout is possible?
Some charts, may do some later...
Red and green surround older high volume days - trying to mark consolidation zones. High amounts of shares traded mark where the newer money is, and thus, in my opinion, kind of the borders where people (not just retail) will get in and out.
In blue, I marked where the latest money should be based on volume.
So, still holding in there for these two.
I annotated this chart for some people upon request. Here it is. From what I can see, ASFX is a definite Hold at this point until something changes. Keep your eyes on it though, because it has climbed a lot and people will start taking profits at some point and when that happens it could drop really fast. If you get caught, then you will have to ride it up again. Don't panic, but just pay close attention to what is going on.
Last edited by billhart22; 09-28-2009 at 07:33 PM.
Thanks Bill -
I keep forgetting to look at these in log scale. I like the big white candle and closing on HOD. I got into the non-log scale during the general market crash, since the volatility made those charts more usable for patterns.
I'm holding the rest until this run looks like it's going out of steam... and only if I can figure out if my other accounts will let me buy more later.
[QUOTE=Dr. Dave;52852]Some charts, may do some later...
Red and green surround older high volume days - trying to mark consolidation zones. High amounts of shares traded mark where the newer money is, and thus, in my opinion, kind of the borders where people (not just retail) will get in and out.
In blue, I marked where the latest money should be based on volume.
So, still holding in there for these two.
On QASP that is a weak and indecisive (2) isn't it? But that is the best that anybody could make out of it. I also see a sporadic channel like you do. I totally agree. Who knows where it will go. It will be news driven at this point.
Dave et al-
I just noticed that that white candle is the strongest candle in the last 32 days on ASFX. Check it out if you get a chance.
LOL,
For the elliot wave stuff - that's pretty much used for indices... can see some nice wave structure at the moment on them. But overall, you just use them to measure the speed and a general measure of distance on prices, but can't really use them to mark where they will be, so the last one is always a question mark. Folks use Fibs and support/resistance to mark where they think the last number will be... so far, support has held up so to speak, so hopefully, the 2 is in the right place. As usual, the pennies add more hocus pocus to TA hocus pocus.