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.
Last edited by billhart22; 10-02-2009 at 01:02 AM.
Let's see if sea holds... lol.. it broke out and reversed...
BDI still in channel, pierced the "price" support line, now it's retesting.
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....
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.
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 -
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.
If the VIX climbs up, maybe time to buy some puts on the companies you despise.
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?