My Dry-Up for 20/2/06
Quite a few came up on the scan today.
BOOM, CTHR, DXPE, FORD, GMXR, HANS, LIFC, MTEX, NFLX, NGAS, NTRI, SIMO, TRLG, VIVO, VPHM
BTW, is anyone using Amibroker to scan, etc.?
I've also noticed that a stock may be in "Dry-Up" (via any calculations) and then the volume increases just enough to take it out of "Dry-Up" but is still well down on FRV and/or the 65 Day Average.
It may be 2 - 3 days of this and then the stock takes off. LMS was a clear example of this...
Sorry Doug, my post was a bit all over the place.
Times are EST (i.e. NY time). I live in Australia, so it was around 7:00 am for me.
I entered the trade at 7:07 am, which was 3:07pm EST.
I reviewed the trade in the morning (my time) and noticed that it had exceeded DU Volume (which...
My first 'real' trade.
Entered NGAS at 10.41.
Stop at 9.89
Dry up (PDV = Previous Day's Volume) reached by 11am. Stoch > 80 and MACD > 0 at time of entry.
BOOM I considered as another candidate (Stoch & MACD were good as was volume growth through the day), but was discarded as I...
Hi ml and Spyder,
I think the 'pessimistic' interpretation is correct. The stock dropped this morning and I doubt we'll see a +ve stochastic or MACD today.
I'll check it when I get up anyway (I'm in GMT +10).
Hi, I've been lurking and learning for quite a while and think this is a fantastic resource. Spydertrader and others, you have been incredibly selfless in your support and patience.
Just thought I'd post my chart on VPHM, with the channel (as I see it) drawn in. Time will tell if we get...