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2010...June Solstice to Dec Equinox Challenge week 5

Chart Forum » Stocks - ASX: short term (strictly TA) » Archive through October 14, 2010 » 2010...June Solstice to Dec Equinox Challenge week 5

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rockon
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Username: rockon

Post Number: 372
Registered: 08-2003

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Saturday, July 17, 2010 - 04:39 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Welcome to the "June Solstice to December Equinox Challenge ".

As the name suggests this Challenge will begin on the week of June 22nd and run till December 22nd.At which time a acknowledgment will be made towards the top 3 achievers and also to last place.

The original Weekly Comp was aimed at the layman with $5000 drawn off his mortgage or visa card ,,a standard trading account and a day job,,,probably had a wife and kids also.

Based on the previous Weekly Comp this stock tipping Challenge will use Mondays open price for an entry and Fridays close as an exit.

An intra week Stop may be nominated after market close on any day Monday to Thursday and the closing price of that position will be the next days open price that being the nearest exit price.Thus closing your position till the start of the new week where you may enter a new entry.

Only long positions maybe be nominated at a price no lower than 5c.No warrants or such devices simply stock tickers.

Nominations must be accompanied with a chart and clearly show the TA used with a short explanation of that TA.May i suggest that IC's software be used for your chart postings.

"Long Continuous" positions maybe be announced prior to 4pm on Friday to maintain your nomination for the forth coming week.

Anyone that has not used their "Stop" or the "Long Continuous" facility will have Fridays close as their exit.

An entrant that has his nomination go into Trading Halt will also have their position halted untill the stock resumes trading.

Each entrant will be awarded a starting capital of $5000 (cyber dollars) profits will compound forward and anyone reaching a capital of $10,000 maybe split their (cyber) capital into 2 positions of $5000 each or continue with no money management and use the $10,000 on a single entry.

Short term weekly awards such as 1st,2nd,3rd and last place will be acknowledge and recorded as i have done previously along with the % of profit or loss.

Any new entrant to the challenge can feel free to ask for help regarding posting as many here are familiar with the above conditions and methods used.

Please place your tips and chart here in this thread.


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rockon
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Username: rockon

Post Number: 373
Registered: 08-2003

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Saturday, July 17, 2010 - 06:22 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



rockon CYS L

Breakout from long term downtrend, pullback and now trying to move higher although on lower volume.Could also coincide with drilling being almost done.

i







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lucky_phil
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Username: lucky_phil

Post Number: 178
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Sunday, July 18, 2010 - 10:55 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Lucky_Phil CRC L


CRC appears to have found some support with selling volume abating. MACD starting to trend up may indicate a recovery is imminent. Don't think I'll buy this one - needs to kick up on significantly improved volume if it is going to break above its 150DMA. Not finding much in my scans this weekend.

Good luck all for the coming week
Phil


Whoa you know you can't spend what you ain't got,
you can't lose what you ain't never had - McKinley Morganfield

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jaded
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Username: jaded

Post Number: 246
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Sunday, July 18, 2010 - 12:39 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



jaded DYE L


chart is not very encouraging.chose this because it's NOT mining/materials and hope for it to maintain/rise this week to keep my compound 3 months in place.

Minnow/Minor Material stocks I hold[GRR and COK] are due to issue Activity/Cash Quarterlys.I think that these two Earnings will give them a Rise out of both their Consolidating Range currently but these Quarterlys are due next week not this.
ie they may lose/go down a bit this week esp Monday.

Anyway,I'll do an AQR post seperately.That's another one that has some FA to go with it.

Happy Trading.


" Hear what you Say...
But see what you Do!"

Sir Zelman Cowen c 1970.

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jimmyswell
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Username: jimmyswell

Post Number: 410
Registered: 07-2006

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Sunday, July 18, 2010 - 01:02 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



jimmyswell WDR L
w
For me, Western Desert Res has all 3 desirable indicators in alignment. DIs crossed over, followed by MAs crossing over and increasing volume.

A similar pattern occurred around 13 Apr 10 but this time, Friday's high wick indicates there may still be some residual upwards pressure in the coming week.


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elisabeth
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Sunday, July 18, 2010 - 04:49 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Elisabeth RDR L

Phil, ditto re scans, not much to choose from.

RDR posted news after market close (6:30 pm) Friday re decision to mine Mt Marion Lithium.

From a T/A POV, a pennant broke on Friday on fair volume – target around 73/74c.

There is a gap below which formed a cluster island reversal. I wouldn’t call it a breakaway gap as, although volume was good, the move stalled immediately into the pennant which developed over 13 days which is a little long – that gap may be closed before a more solid move up.

With Friday’s nosedive o’seas, none of us would really enter a long position at open tomorrow morning would we – I never buy at open Monday anyway and also don’t chase price, so if the market likes the news and this gaps up I won’t think of buying until I see some sort of retrace. If the market doesn’t like the news and price retreats back into the pennant then the break will have failed – any further attempt to break will be too close to the pointy end of the pennant which greatly decreases the chance of a successful move.

Long-winded way of saying I probably won’t be buying this stock.

rdrdly


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espresso
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Username: espresso

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Sunday, July 18, 2010 - 11:03 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Rags,
MAQ L Please, yes I’m back on this horse again,
I know it cost me a bit last time,
some were along the journey we can’t get to emotional.
MACD moving off the zero line looks to be diverging, price testing previous high.

Cheers



Those are my principles, and if you don't like them... well, I have others.
Groucho Marx

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baggus
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Username: baggus

Post Number: 45
Registered: 04-2009

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Sunday, July 18, 2010 - 11:27 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Baggus, MQA, L

I'm hoping that the general market weakness expected early in the week will not really affect a company like MQA. Friday's close was equal to its highest close since listing and hinting a eventual breakout of its 7 month range. All moving averages are pointing higher and Twiggs Money Flow is rising out of trough above 0%. Some luck needed this week by all here.






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baggus
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Sunday, July 18, 2010 - 11:33 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Sorry Expresso, I checked other picks before posting and your wasn't there at from the time I made up my mind between SSN, ATQ and MQA.

Rags, I don't mind changing to ATQ to add some interest.

Baggus


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espresso
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Sunday, July 18, 2010 - 11:52 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Thats Cool,
I dont mind atq either,
I do have MQA open as I bought it last week.
not sure if that has anything to do with the rules.
unless we can both have it, better confirm.
Cheers


Those are my principles, and if you don't like them... well, I have others.
Groucho Marx

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breaker_1
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Username: breaker_1

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Monday, July 19, 2010 - 07:44 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ABC

Looks to have found support at 3.10

hope it does'nt retrace to 2.90 where I would probably buy





abc


When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.

Alexander Graham Bell





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grannie
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Username: grannie

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Monday, July 19, 2010 - 09:31 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



grannie GIR L

may still hit 180








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ragchewer
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Username: ragchewer

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Tuesday, July 27, 2010 - 11:23 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Friday


Big moves here folks,,,
Grats Rockon Espresso/Baggus and Grannie.
Sorry Phil

Rags

 
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