Evening Screen Results: Some Triangles
December 27, 2007 – 12:00 am
 Tonight I searched for some triangle patterns. Here are two of the most interesting results. [[SQNM]] is my favorite of the two, but [[AATI]] looks like it might also be forming a cup-with-handle. As might be expected after 6 up days in a row on the indexes, both of these are near overbought.
You save me an hour a day with your charts.
Thank you very much! About SEED. If you read English_Xinhua you will see that yesterday China announced special government programs for alternate fuel,pullition control and agriculture.
December 27th, 2007 at 12:35 pmNOEC,SEED and CLWT all went up. I was lucky to own them. Charts work great in Chinese stocks because most the big boys stay away. I also trade SDTH and am buying Xfml before the Olympics
bpoe: if you have time to answer: are FXI and CAF so much different that if., like today, FXI is down like 3.5%, CAF is up 3+%? Also, do you like FXI going forward 1-3 months or would you prefer CAF or GXC. I assume you are bullish, unlike the FLY who continues to buy FXP - what make you of his assessment of China market? Thanks your mention NOEC, SEED, CLWT, SDTH n XFML
December 27th, 2007 at 1:18 pmbylo:
December 27th, 2007 at 1:47 pmbylo
I only like Chinese infostructure stocks. FXI and CAF are bought by large funds mostly. You can see how the FLY is buying FXP. I am sure he has inside information from a fund or he is fucking going nuts. I don’t think he can go nuts.
I see a big divergence from fxi,caf and fxp on small cap infostructure stocks with low PEG ratios and low price to sales. If you don’t have a good nack to trade only buy when oversold.
BPOE- I’m glad my charts are helpful. I find it very helpful to review everything nightly.
Interesting on SEED et. al.
Also, interesting note on TA and China stocks.
December 27th, 2007 at 10:58 pm