RVB's Market Musings: HDL Follow up

Tuesday, February 14, 2006

Buy it. It's a go!

At February 14, 2006 8:40 AM, nodoodahs said...: Are you using the sloping Jan/Feb downtrend violation? I have had no luck with that for entry timing.

I would prefer to see a close above $12 with a second day confirming it'll stay there.

YMMV.
At February 16, 2006 11:48 AM, nodoodahs said...: Well, kiss my grits. Now you've got a MACD signal cross and a midline cross for the RSI. Oh, bother.
At February 16, 2006 12:31 PM, rvb1977 said...: You have really become a true technician...wow.

all I can say today is GO GO GO BSX...
At February 17, 2006 1:37 AM, nodoodahs said...: Thanks!

I'm trying to "jeet kune do" my investing. I figure to have a base of value stocks that I enter using TA, a side order of technical longs, and hedge around the edges with selected shorting, which I'll ramp up in bear market times.

You never did answer the question. Was it the trendline violation, or something else?
At February 17, 2006 6:57 AM, rvb1977 said...: For HDL - I wasn't using a trendline, though my personal experience tells me that trendlines are the most powerful form of TA.

Mostly for HDL I used the MACD and see divergences on daily and weekly looks. But, the buyers have not really come in and propped it up here like I thought they would.

RVB's Market Musings