Post by fastwalker on Oct 21, 2004 16:36:07 GMT -5
;D Cause it's worth a read..IMHO...fw
Posted by: Holdnolonger
In reply to: None Date:10/21/2004 2:22:01 PM
Post #of 19062
CMKX chart painting a picture: Stochastics, Will, RSI, momentum, OBV, have all been stealth or straight lined for about 7 day period. I've only seen this a few times. The result is usually merger, buyout,or new cuspid# with move to different exchange.
What the chart is showing to me is trading activty the last week has been ironing out all indifferenes in share structure and settling up before the next move.
I don't expect this parttern to last more than another day or so, 10 days is usally about the lenght of it before trading freezes and what ever happens, happens.
Look at the chart indicators and you will see what I am talking about. You don't see this kind of charting unless it is manufactured from structuring going on behind the seens. And with all the wierd volume in the last 3 weeks and activity going on with CMKX, looks like its getting real close.
8-)REMEMBER RUMOR CONTROL...
Posted by: Holdnolonger
In reply to: None Date:10/21/2004 2:22:01 PM
Post #of 19062
CMKX chart painting a picture: Stochastics, Will, RSI, momentum, OBV, have all been stealth or straight lined for about 7 day period. I've only seen this a few times. The result is usually merger, buyout,or new cuspid# with move to different exchange.
What the chart is showing to me is trading activty the last week has been ironing out all indifferenes in share structure and settling up before the next move.
I don't expect this parttern to last more than another day or so, 10 days is usally about the lenght of it before trading freezes and what ever happens, happens.
Look at the chart indicators and you will see what I am talking about. You don't see this kind of charting unless it is manufactured from structuring going on behind the seens. And with all the wierd volume in the last 3 weeks and activity going on with CMKX, looks like its getting real close.
8-)REMEMBER RUMOR CONTROL...
)