txtrapper
548 posts
msg #30513
- Ignore txtrapper |
1/8/2004 1:15:29 AM
Zuber,
Weighted Moving Average
A Weighted moving average (WMA) attaches greater weight to the most recent data. The weighting is calculated from the sum of days.
Example: For a 5-day weighted moving average the Sum of Days is 1+2+3+4+5 = 15
The weighting is shown below:
Day
1 2 3 4 5
Price ($)
16 17 17 10 17
Weighting
1/15 2/15 3/15 4/15 5/15
Weighted value
1.07 2.27 3.40 2.67 5.67
5 Day WMA
15.07
Weighted values are calculated by multiplying today's price by 5/15, yesterday by 4/15, and so on. The weighted moving average is the sum of the 5 weighted values.
When I get through here I am going to try your trendlines from your previous post and see how it correspondes to my methods and Indicator signals.
TxTrapper
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wallman
299 posts
msg #30515
- Ignore wallman |
1/8/2004 8:22:21 AM
ZUB, i myself picked up TRIB from my modified DARVAS box filter that has recently been redicussed this month on the SF filter exchange,it was the top volume match for today,the top 3 volume ones where TRIB RRI GTI, good luck
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txtrapper
548 posts
msg #30518
- Ignore txtrapper |
1/8/2004 10:55:34 AM
petrolpeter
I must admit you are a stockpicker supreme, your picks are up again this morning @ 9:52AM Central Time.
CTIC...up to $9.92 a good profit taking point IMO
SVNT...up to $4.85 another nice gain.
What ever your doing just keep doing it, it's working for you. Like Muddy Wallman says keep it simple.
Please post the Filter for these excellent picks if you don't mind and share it with the other SFer's it would be appreciated.
Thanks,
TxTrapper
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petrolpeter
439 posts
msg #30519
- Ignore petrolpeter |
1/8/2004 2:02:23 PM
Hello TXT,You have the filter,I posted it Pg.11:1-6-2003.Run that filter to 12-18-2003 and go to I think the third page of results and find CTIC there.This is where I found interest in this pick because of an accumulation of green candles with green bars,like a small party of Bulls gathering.The next day CTIC printed a hammer and at that point I put it in my watch(MedVed)list at 8.40,the close for that day.I was correct on this one as she climbed to the top of it's channel,but I also feel this should be the end of this trade unless you feel CTIC can break the top of the channel.Go to 12-15-2003 and check out ENCY,nice catch there too.Same with NUVO(visual base line of 3)and AAPL(12-22-2003),high quality and tons of volume!When I use this screen,I apply indicators that mimic price as close as possible.Those are ERSI(5,5)~Williams%R(27)and(10)~RSI(5)~Momentum(12)~Slow Stochastic(15,3)~and any filter you can find that mimics price closly.Lets take NSIT as an example which apears on the ERSI sreen on 12-19-2003.On that day the stock is resting on a straight accross visual base line and the indicators were positioned identical to the period of the end of Sep.-begining of Oct. and I had confidence would hold that baseline.The next 2 days were followed by 2 large candles and NSIT is still slowly rising,very cool.Look at the way those indicators match on the chart and found the bottom of the NSIT channel twice and the follow through to the top of that channel.
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txtrapper
548 posts
msg #30521
- Ignore txtrapper |
1/8/2004 5:00:13 PM
petrolpeter
All I can say is that's a quality filter you have there.
Yes CTIC is riding the upper BB and that indicates pure strength, it could just keep on going up or stall at the November high, that's a decision point, just watch MACD and Stochastics, and the "big thing" to watch is if the price keeps going up and volume stays flat, that's a good time to "get out".
As long as CTIC stays above the EMA(9)and the EMA(9) is above the WMA(30) I would not sell it, it may go to the Ocotber high or higher.
Whoa! After looking at it again, see how the volume is decreasing, it about to peter out, sell time.
TxTrapper
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EWZuber
1,373 posts
msg #30523
- Ignore EWZuber |
1/8/2004 7:40:12 PM
SVNT was commented on as a pick on 1/6 near the end of the session. The stock closed at $4.87. On the 7th it closed at $4.80 and today closed at $4.82. Believe me I don't want to steal anyones thunder but that is a slight decline from the first session not a gain. Stochastics look like they are -crossing over. Not saying it can't go higher but it wouldn't buy it. So far it has pretty much gone sideways.
CTIC looks a little better up 1.8% over the close on the 6th but it too has basically gone sideways. Only two days into the pick so no big deal. It looks to me like someone may be trying to accumulate shares at a lower price to cash in on a possible break above the Res. TL. Looking at an hourly chart one can see that this is in a Consolidating Wedge Pattern that has formed over the past 4 days. The candlestick for the final hour of todays session bounced up off of TL support and the top bounced down off of TL. Resistance that forms the pattern. If this breaks TL Resistance @ $9.80 tomorrow it will likely take off. IMO, it needs to break out tomorrow or face the possibility of forming that Evening Star Doji on the Weekly chart. It could move higher with Hourly chart Stochastics slightly oversold.
What is driving this one is the Weekly chart stochastics that are in accumulation and Monthly chart stochastics just starting a new accumulation phase. IMO, this is why the stock has not declined with overbought stochastics on the Daily chart. JMHO
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EWZuber
1,373 posts
msg #30524
- Ignore EWZuber |
1/8/2004 7:43:34 PM
ECGI up 14% from the bounce up off of the 100 DMA @ $0.63.
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mika
131 posts
msg #30525
- Ignore mika |
1/8/2004 9:04:03 PM
Some picks off a nice filter :P
ViroLogic, Inc. (VLGC)
Inkine Pharmaceutical Company Inc. (INKP)
Cerus Corporation (CERS)
Endocare, Inc. (ENDO)
DigitalThink, Inc. (DTHK)
PhotoMedex, Inc. (PHMD)
eXegenics Inc. (EXEG)
Cheers,
mika.
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txtrapper
548 posts
msg #30526
- Ignore txtrapper |
1/8/2004 10:14:43 PM
EWZuber
CTIC & SVNT
Both stocks were up at the time I posted their prices, which was this morning at 10:55am Central. That was their prices at that time, let's assume a vigilant traded would have captured some of that gain.
CTIC is on a roll, riding the upper BB, not a time to sell, and SVNT, I probably would have sold about $4.88 when the indicators fell.
Tx
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EWZuber
1,373 posts
msg #30528
- Ignore EWZuber |
1/8/2004 10:50:22 PM
wallman
please see 'Just a Heads up' thread for a reply about the three picks you mentioned to me.
Thanks
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