RE: Don't even give him time of day"Can you tell me were you think the TA is in good position, if that is what you meant that is. I'm no basher but I don't see that UNB has a good chart at this point, so I'm going to call you on this one. I'm always ready to learn something though, so prove me wrong please. " - Meke I get to disagree with you Meke. The chart looks great. We've had a breakout of the 0.41$ resistance which signals entry into Phase II - as per Stan Weinstein methodology. This entry into Phase II often provides an initial 20% - 40% rise over a relatively short time. Then follows a period of pullback - sometimes even back to the neckline (in this case 0.41$), thus offering a second chance to enter the stock. The speculator will have a tendancy to enter on the intitial breakout in order to profit from this initial pop, although the risks are higher because this is where the stock is at risk of reversing thus creating a false start. The investor will more likely enter on the characteristic pullback that follows in order to profit from the second wave. This second wave may last many months and provide 40% + return. Entry on the pullback actually offers more saftety, because the neckline provides support which was strenghtened by the breakout. Sometimes the stock pulls back to the neckline support, sometimes the really strong stocks will only pullback to the 10MA or 27MA. I personnaly beleive we've just entered the initial 20% - 40% pop. Those of you not in yet have a choice: You either chase the stock up or put a buy at 0.415$. I would do the latter because the stock would likely re-visit this level sometimes this week (even if for only a few minutes) unless the 10MA crosses over the neckline. In this case, I would buy on the 10MA. Just my 2 cents. Ducimus
My Stock Market AdventureThe Servals "To find your own measure of success is the real goal. Comparision is the great obstacle to happiness." - James Atlas, Writer
