November 24 2001 at 10:49 AM No score for this post
tjbronc from IP address 4.54.219.220
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Looking for comments on this stock chart. It has been in a markup from Jan 00 to about Sept 01 then slipped down to its current trading range about 6.25. Does this 6.25 range seem to be accumulation or is it starting to form a false support level. I am wondering which direction this stock will go in the future. Any comments?
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i beleive akr has tw qualities.6 1/2 year downtrend which ended with a head shoulders bottom.recent price activty has broken trough downtrend and on jan. price broke above h&s neckline. looks to me price is consolidating and has room to move up.volume has also been quiet since feb.99 im not long this stock as i see better bargains, jmo .
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Both no history and no base. It stinks. Bigcharts only shows 3 years on the ALL DATA selection. And the charts all over the place in the past 3 years with no base. It's a mess. It makes you wonder what the company is actually up to but I've got enough to occupy myself with.
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i looked up akr at bigcharts and i see how you came to that conclusion.the chart im looking at is from uschart co. which goes back to june of 93.you cant see the 6 1/2yr slow downtrend on bigcharts.i see the h&s bottom starting in 99 but looks like a mess.-----.50cent scale doesnt help either
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I can see what all the confusion is about. Looking up the chart at Bigcharts.com the chart does look like a mess and I cannot see the consolidation. However, looking at the 8 1/2 year history of the chart in the US Chart Company, there appears to me, 6 years of consolidating downtrend action followed by a head and shoulders bottom and, as stated earlier, quiet volume since Feb 99. I am confused as to the previous statement that THIS chart looks like a mess. Also, I cannot figure out your reference to a .50 cent scale. The chart I am looking at starts at 0,3,6,9.....
Please elaborate.
This message has been edited by tedwarren from IP address 216.176.37.110 on Jan 21, 2002 7:48 PM
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i made the previous post.when i said the chart looks like a mess i was refering to the one at bigcharts, which is on a .50cent scale.the scale makes it look to ragged and without the 6yr. downtrend i see no tw base.when i look at uschartco chart isee a tw investment.i would wait until the price breaks the level it last stalled at to enter a new position.if i was long i would hold for now,jmo.hope this helps.
This message has been edited by tedwarren from IP address 216.176.37.110 on Jan 21, 2002 7:49 PM
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the first question asked was regarding AKR. At that time, Matt Morsa was holding AKR. he did mention that it was accumulating at a lower level but that it was still holding on. I will be holding unless it drops below 6.
Thanks for elaborating on your position. I posted the other question and forgot to enter my name by mistake.
This message has been edited by tedwarren from IP address 216.176.37.110 on Jan 21, 2002 7:50 PM
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Anon and tjbronc: Please create informative subject lines.
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January 20 2002, 7:22 PM
Thanks. It doesn't do any good to leave re: re: re: up on the subject line.
Put an informative summary of what your basic point is, in there, instead.
You have to admit that this forum is much easier and more entertaining to read when there are interesting subject lines that respond to one another, right? Thanks.
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Rick, it seems to me that you have gone quite insane lately. i think i read in one of your posts that you were going to be frequenting the board more, but it seems that you think that moderator status makes your words the only ones worth reading (or those whom you have deemed worthy). i think you need to loosen your grip. Hmmm... loosen my grip, eh? I'll think it about that. ~~Rick if disinteresting subject titles are the worst things that go on here i think we'll all be able to handle it. and don't get me wrong, catchy titles do make the places a bit more interesting yes, they do! More useful too! but come on. I'm sure you've seen some other forums out there that degenerate into literally dozens or hundreds of re:s. Is that where you want me to come on? Ain't gonna happen.
oh........ and another thing: i don't know if anyone else has experienced this lately, but it seems now when i see you post, i just want to see how i can disaggree with you. Provocative points tend to do that. You must agree with me though, that it generates thinking, right. You're going to disagree, right? Now what are you going to do? Checkmate.
This message has been edited by tedwarren from IP address 216.176.37.110 on Jan 21, 2002 7:56 PM This message has been edited by tedwarren from IP address 216.176.37.110 on Jan 21, 2002 7:50 PM
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...are you going to argue that world is flat? For someone who stated he hadn't deleted anyone's responses, you sure took the first step. My lack of a title may have been the first time i did it. It was a (not so)subtle way of agreeing with your over exhuberance. Quote: "Let's say someone states a position or interpretation. And it's clearly bogus, misleading or wrong." Rick, these are your words. I have yet to hear you disect a chart. Back your decisions. Give entry on a chart(except of course those "in at 7, out at 14" while the stock isn't past 5 yet). You only exclaim "lousy chart", "great chart". Your breakdown of IBM was closest i'd seen. "i don't know if it's in strong hands or not, but it's going down and you're going broke if you don't listen to me". Who would give credence to such an articulate breakdown? You comment on the length of bases, but can you truly recognize one? Did you know that a broken downtrend constitutes a TW chart? How about a descending triangle? Most people read the book several times(myself included) before they realize that they finally have interpreted the book well. Many also reread to sharpen their knowledge. From your recent posts, it doesn't even sound like you own a copy. You probably should get a copy before you continue to lose people that could otherwise help EVERYONE's advancement. Just trying to get with the program and keep my opinion STRONG. --------alan
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Alan, what does what you just said have to do with subject lines?
Why are you launching into me with regard to my expertise or lack of it in analyzing the charts from TW's point of view? This thread evolved into a what my problem was with lack of subject lines-- period. Nothing more.
My comments on TW charts are merely my comments. I never claimed to be an expert. Your criticism, therefore, of my lack of expertise, is misplaced.
Oh well. You're allowed to make mistakes, just like me. At least I'm not going to take it personally or as some sort of insult and just "leave" like some people around here. Sheesh. My god, you'd think I had some influence around here or something. I'm basically a regular guy trying to get a handle on how to understand TW and a handle on who around here is being helpful in that regard or not.
Talk about sensitive people. Wow. You ask 'em to please use subject lines and they get all bent out of shape, pretending like I'm asking them to plant a flag on Mars, or something.
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it is interesting to reply to my own post, but must you change my title. i thought i was quite intriguing and would like it back. and yes i agree with you that i will continue to try to disagree with everything you say. it will take me a while to think of your comments as a reliable source. i would really like to get off this subject but i thought it needed to be addressed. i have enjoyed this forum until lately. understand, most here have the ability to decipher valid from invalid interpretation of the charts examined here. if one here is incorrect we'll probably see a responce (or we use to) from another person here who has a different interpretation here. let us figure out who to agree with on our own. give us your incite and we'll give ours. it worked much more smoothly that way. i think this was a fairly effective forum for the past few years and it would be such a waste for us to agrue over the tone of a remark rather than the value of what is said. i urge you to moderate yourself. power is deceiving and worthless if there are none to lord over.
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Jeff, all I can say is nobody has to read anyone else's post and I've never deleted or edited anyone's input.
If certain people are sensitive to particular "tones", then that's their perogative.
I'm a fairly nieve TW trader and a small two bit one at that. I call things the way I see them. I don't feel like mincing words. If a chart doesn't look good to me, I say so.
Nobody is forced to agree with me. Everyone has been able to say "Potvin has flipped his lid" or "Potvin is wrong and jumping to conclusions". I've never censured anyone from saying things like that.
There's an old saying: "If you can't stand the heat, get out of the kitchen". The stronger minds here will hang around and the people whose feelings get easily hurt will leave. No big deal.
Network54 allows ANYONE to start their own forum. Free. TOTALLY FREE. I'll be happy to link anyone else's forum to the top of this one, just for fun and to be informative to visitors here.
I never claimed to be a TW expert. I'll expand my introduction at the top of this forum to indicate that because maybe there was some misunderstanding there.
In any case, I can tell you that on the issue of IBM, I absolutely insisted that things be interpreted a particular way, vis-a-vis TW and finally someone came through the crunch for me. I'm always willing to listen to a well reasoned TW argument and I can tell when a position smells fishy or doesn't make sense-- just by virtue of the fact that I read a lot and talk to people a lot. I've read the TW book a few times through so I have a general idea as to what to look for and what doesn't sound right.
Anyway, that's the lowdown. This entire mini-crisis seems to have started with my asking for a subject line-- and all of a sudden people complain about my writing style and leave. Go figure. Well-- it doesn't matter to me really, even if I'm the last one here. I would hope that that would not happen-- that the house wouldn't be cleared. But that's preferable to having overly sensitive so-called TW analyzers here who believe that there are "many" ways to consider a TW chart. For some of these people, these "many" ways tend to "water down" the impact of the fundamental and basic ideas of TW.
I know good writing styles when I see them. Most of the people who have left weren't particularly good writers anyway. I'll just carry on here as though nothing happened and this forum is spidered with search engines anyway. I'll just find new people who can read the TW book and carry on, who can handle my style.
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