StockFetcher Forums · Stock Picks and Trading · MU<< 1 2 3 >>Post Follow-up
Mactheriverrat
2,180 posts
msg #148601
Ignore Mactheriverrat
7/20/2019 7:30:53 AM

I think it was volvlov who had a position in MU.
Its on a watchlist as next week or two she could turn from a Weinstein stage 1 to a stage 2. Weekly volume has been above average the last 5 weeks.
Watching !!!!!!!!!!!!!!!!!



graftonian
816 posts
msg #148603
Ignore graftonian
7/20/2019 12:18:19 PM

Mac, I feel that MU is ready. If the market is right on Monday, I'm in.
I've been messing with the Schaff Trend Cycle indicator (with Ed S. help) It seems to provide a complementary entry signal.
Also, based only on the STC, the nice run we've seen in gold and silver may be over.
Graf

davesaint86
503 posts
msg #148606
Ignore davesaint86
7/20/2019 4:48:02 PM

https://www.youtube.com/watch?v=UBbCM855Oo0

Chris C. mentions gold and provides some statistics and the criteria to confirm what needs to happen for gold to truly be in a bull market.

davesaint86
503 posts
msg #148608
Ignore davesaint86
7/20/2019 9:16:32 PM

https://www.fnlondon.com/articles/ray-dalio-says-paradigm-shift-in-markets-makes-gold-a-good-bet-20190718


davesaint86
503 posts
msg #148609
Ignore davesaint86
7/20/2019 9:48:20 PM

Right at weekly resistance with MU

https://www.tradingview.com/x/N4LlVWKi/


volvlov
32 posts
msg #148610
Ignore volvlov
7/20/2019 9:49:02 PM

The sellers took control of MU one day last week and it seemed breaching the resistance at 45 was impossible and I sold. It made sense at the time to take the profits and get back in above 45 when the trend was confirmed. I am also concerned that the overall market is overheated and in need of a pull back. I am watching next week as well!

volvlov
32 posts
msg #148611
Ignore volvlov
7/20/2019 10:22:30 PM

Also, since gold came up, I recently made this filter that uses ETFs to get a feel for what is hot. Right now it's gold, semi-conductors and inverse oil and inverse natural gas...

chart-time is 20 months
market is etf
chart-display is daily
Relative Strength(^ixic,100) is above 1.15
10-day slope of Relative Strength(^ixic,100) > 0
add column Relative Strength(^ixic,100)
draw weekly wma(30)
draw Relative Strength(^icix,100)
draw rsi(14)
draw Stochastic %K(15,5,3)
draw MACD Fast Line(12,26,9)

Mactheriverrat
2,180 posts
msg #148613
Ignore Mactheriverrat
7/21/2019 8:23:07 AM

Something to remember-
This basic fact : any stock has to be in one of four stages ., and the trick is to be able to identify each one. The four stages of a major cycle's are (1) the basing area, (2) the advancing stage, (3) the top area, and (4) the declining stage.

Page 31

four
5,087 posts
msg #148614
Ignore four
7/21/2019 12:17:53 PM

Mac,

Basing?


Mactheriverrat
2,180 posts
msg #148615
Ignore Mactheriverrat
7/21/2019 12:33:59 PM

@FOUR
You need to look at PLAY on a weekly chart-
Chart-display is weekly

PLAY is in a stage 4 for about 8 weeks



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