INL - INTEC Ltd

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Archive through December 15, 2006 dug 25 1 15-Dec-06  03:58 pm

Archive through December 13, 2006 peterloh 25 1 13-Dec-06  10:33 pm

Archive through December 12, 2006 philr 25 1 12-Dec-06  08:31 pm

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dug

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Post Number: 1913
Registered: 07-2005

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Votes: 0


Saturday, December 16, 2006 - 11:20 am:

Position Report.

My week end Review is setup from this chart.As Hershy pointed out INL is in a Strong Uptrend and several FActs have been put as to Why.
So I'm going to apply,identify that Gap/Start of the Dominant Candle as my "Abandon",it's not really a Stop Loss
because I will be Break Even+Bank Interest IF it hits 23/.5 and I sell.
I've put in the unorthodox Trend Line[cutting thru the "Action"]because,well,just because I can.I see the Break under it at 20 as Explainable and not wishful thinking.
The Trend Line comes/starts from a Major point of Break out So that's what gives it "Legitimacy" to me.

So I guess I'm saying that the Gap/Window is THE Uptrend Confirmation and any price action return to close it is Break Of Support in this phase.
regards,
jr

Dig for the sake of it.

peterloh

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Post Number: 2245
Registered: 03-2003

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Saturday, December 16, 2006 - 11:47 am:

dug,

some traders like to close their position on the week end,an inverted hammer yesterday, INL likely to move up this coming week.Buyers were into INL yesterday, as you said, those that went in INL at a lower level took profit to bring it back to the supporting level. Some of those that closed their position yesterday, may even come back on Monday.

Cheers

-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

hershy

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Post Number: 1773
Registered: 10-2002

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Saturday, December 16, 2006 - 01:45 pm:

JR, I would suggest that you either take your profits on Monday or move your stop loss a tick below the gap. You KNOW that if the price goes that low it will close the window and it is likely that you will be taken out at the bottom so your line is either too high or too low.

I don't have a plan so nothing can go wrong !!!

http://members.optusnet.com.au/~hershy/

dug

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Post Number: 1916
Registered: 07-2005

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Saturday, December 16, 2006 - 03:46 pm:

Sell out Monday! Lower my stop ambition!
you ain't been reading my posts,ohhhHershy,to d'Quick mate,I could HIT d'Button on you,yeah GO d'Delete but I'll do the THE comprehension on this charts pivot of Action.

This here,Hershy,has me in at 20/.5[2 parcels] A Sale of # at 28.5[that's 40% Any numerically challenged]and a ReBuy at a Bottom Pick/Chance of 26cents.Yesterday!
But Hershy this is AGGRESSIVE,based solely on what my eyes see,
I'm not Plotting that this is Going Anywhere but UP from here.
Like The 25.5 line,the Complete BID,Hershy got taken at that 10/2/4 pm ESST time I put in a post back there.

Ohh Do You See,Hershy?Has it/this Made a Difference to how I'm reading this INL chart??

Hershy,it's a Dreadful thing that WHALE of a EquiVolume has nearly,NEARLYnegated by piddling Panicers and Sharks lookin for their FriDee Night COKE hit!
have nearly,but not yet.
Get the Picture,Hershy?don't make me have to tell ya Again,which song sings that.

Dig for the sake of it.

hershy

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Post Number: 1774
Registered: 10-2002

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Saturday, December 16, 2006 - 03:55 pm:

I don't have a plan so nothing can go wrong !!!

http://members.optusnet.com.au/~hershy/

hershy

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Post Number: 1775
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Saturday, December 16, 2006 - 04:31 pm:

JR, I think I understand too well what I think you mean but I am assuming I understand what you say. I too, think like you too often and protect shrinking profits only to find that 2 cents further down the whole magila changes back into a taurine takeoff. I was but suggesting that if you use a gap for a S/L it ought to be at the bottom of the gap not the top.
And I forgot to mention but I think you worked it out, I got into INL at 27 cents and I too am looking for it to go stratospheric.
Like my adjectives JR ?

I don't have a plan so nothing can go wrong !!!

http://members.optusnet.com.au/~hershy/

merrymike

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Post Number: 5
Registered: 12-2006

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Saturday, December 16, 2006 - 05:21 pm:

Hershy,

I think that the current support level for INL at 25 is seen more graphically on the 5 minute intra-day charts where that support level has been tested at least a dozen times since December 1st.It has always held in the face of strong volume from profit takers except on two occassions where it was breached down to 24.5 but returned to the support at 25 within the 5 minute time frame.It looks solid and I can't see it giving way even in the face of the present profit taking. The stratosphere looks likely after that.

Cheers

MM

gohard

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Sunday, December 17, 2006 - 10:46 am:

My up date in the discussion,this support level is critical to the flow in the next period. Sellers are still in control by the volumes shown.
G

captain_chaza

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Post Number: 2319
Registered: 02-2003

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Sunday, December 17, 2006 - 05:13 pm:

Crikey!
I am glad I don't have to worry about such things in the middle of a Cricket Match

I just can't understand the High (IC) Interest in this stock/chart
Surely there are better fish to fry?

Safety at Sea is Paramount !
Salute and Take Care
Capn

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

peterloh

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Post Number: 2246
Registered: 03-2003

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Monday, December 18, 2006 - 09:03 am:

gohard,

Please clarify "sellers still in control" relating to lower volume on price decline.According to your chart and hershy's chart, there were more buying when the price was going up. I attributed the recent sell down as more to profit taking by short term traders.I am also inclined to think that Friday's closing of 25c is due to traders closing their position on the week end.

peterloh

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Monday, December 18, 2006 - 09:59 am:

Bought more at close on friday at 25c as I thought traders wouldn't want an open position for the week end.My understanding of the current situation of INL is there is a reasonable amount of buying for the long term or for the purpose of investment, you can call it venture capital or taking a long term position.These see bigger returns for the long term.Traders came in because of the volume and tend to take profit in the short term.As long as traders retain an interest there would be big movement in INL.This is only my reading and interpretation of the technical analysis point of view., there could be other explanation and it would be interesting to know hershy's view on INL for the short term and Great Dane's fundamental analysis of INL.

peterloh

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Post Number: 2248
Registered: 03-2003

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Monday, December 18, 2006 - 10:46 am:

Analysis of the weekly chart using candlestick shows if price stays on 24c(mid point of dominant candle) and above,then INL is still bullish.As it is a long way down to breakout level and there is no gap, meaning there is no windows or gap in the weekly to be closed, INL is considered as bullish.The distance between the current price to the point of the breakout is the measure of the bullishness of the share.