........................Some "Brief" Notes
I'm going into holiday mode, but, here are some brief notes:
DNDN (http://stockcharts.com/charts/gallery.html?dndn) needs to decisively break it's short term Wave 2 downtrend (hit a Wave 3 buy signal) since the short term Wave 1 spike cycle high occurred at yesterday's open at 7.65, see http://finance.yahoo.com/q/ta?s=dndn&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c==. When/if it does hit a Wave 3 buy signal I'll look to buy a significant intraday Wave 2 type pullback.
CBAK's short term Wave 4 probably bottomed at 3.72 today, since CBAK rallied substantially on strong volume to 3.96 near session's end and hit a short term Wave 5 buy signal, see http://finance.yahoo.com/q/ta?s=CBAK&t=5d&l=off&z=l&q=c&p=v&a=m26-12-9,p12,fs,w14&c==. I'll look to buy weakness early on Monday. Note the bullish large inverse spike on today's candle, see http://stockcharts.com/charts/gallery.html?cbak.
GNBT will probably take out Wednesday's cycle low at 1.73 before Wave 2 of the short term Wave 3 bottoms, see http://stockcharts.com/charts/gallery.html?gnbt. I'm waiting for GNBT to either fill it's upside gap at 1.84 or take out Wednesday's cycle low at 1.73, that may not be the Wave 2 of (a short term) Wave 3 cycle low, see http://stockcharts.com/charts/gallery.html?gnbt. If GNBT takes out 1.73 but not by much I'll probably wait for it to fill it's upside gap at 1.84 before looking to buy a pullback (I'll wait for strength/a very short term buy signal in either case, then look to buy weakness). The short term Wave 2 bottomed at 1.52, so, 1.52 must hold for GNBT to remain in a healthy monthly upcycle.
Please see Thursday's post at http://tradethecycles.blogspot.com/2007/06/dndn-probably-put-in-monthly-cycle-low.html for rockets detailed analysis/info.
ACI probably still needs to do/complete Wave C of a short term Wave 2 downcycle, see http://stockcharts.com/charts/gallery.html?aci.
That's it for now. Ciao. ....... http://www.JoeFRocks.com/ .
DNDN (http://stockcharts.com/charts/gallery.html?dndn) needs to decisively break it's short term Wave 2 downtrend (hit a Wave 3 buy signal) since the short term Wave 1 spike cycle high occurred at yesterday's open at 7.65, see http://finance.yahoo.com/q/ta?s=dndn&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c==. When/if it does hit a Wave 3 buy signal I'll look to buy a significant intraday Wave 2 type pullback.
CBAK's short term Wave 4 probably bottomed at 3.72 today, since CBAK rallied substantially on strong volume to 3.96 near session's end and hit a short term Wave 5 buy signal, see http://finance.yahoo.com/q/ta?s=CBAK&t=5d&l=off&z=l&q=c&p=v&a=m26-12-9,p12,fs,w14&c==. I'll look to buy weakness early on Monday. Note the bullish large inverse spike on today's candle, see http://stockcharts.com/charts/gallery.html?cbak.
GNBT will probably take out Wednesday's cycle low at 1.73 before Wave 2 of the short term Wave 3 bottoms, see http://stockcharts.com/charts/gallery.html?gnbt. I'm waiting for GNBT to either fill it's upside gap at 1.84 or take out Wednesday's cycle low at 1.73, that may not be the Wave 2 of (a short term) Wave 3 cycle low, see http://stockcharts.com/charts/gallery.html?gnbt. If GNBT takes out 1.73 but not by much I'll probably wait for it to fill it's upside gap at 1.84 before looking to buy a pullback (I'll wait for strength/a very short term buy signal in either case, then look to buy weakness). The short term Wave 2 bottomed at 1.52, so, 1.52 must hold for GNBT to remain in a healthy monthly upcycle.
Please see Thursday's post at http://tradethecycles.blogspot.com/2007/06/dndn-probably-put-in-monthly-cycle-low.html for rockets detailed analysis/info.
ACI probably still needs to do/complete Wave C of a short term Wave 2 downcycle, see http://stockcharts.com/charts/gallery.html?aci.
That's it for now. Ciao. ....... http://www.JoeFRocks.com/ .
posted by Joe Ferrazzano at
1:49 PM
