Tuesday, January 27, 2009

West Texas Intermediate Crude closes @ 45.90



And here on the ONE HOUR Commodity Chart, is $42.15 as I write at almost 10 PM EST.
The hourly MACD Histogram is flattening. [ silver bars ]. As a "Centered Oscillator" the MACD can go anywhere it wants without indicating overbought or oversold merely by level. DIRECTION in MACD is the determiner. Position-wise, it is entering a Turn ZONE
The WILLIAMS Per Cent RANGE [ WMS%R ][ Brown Line], is a "BANDED OSCILLATOR" has definite OVER-Bought & OVER-Sold Zones. This Brown line is being squeezed into a zone now, a compressed overbought position.
Lastly, the CCI, the COMMODITY CHANNEL INDEX, is also Compressed in an over-sold zone [ the GREEN Line ].
When either of these BANDED OSCILLATORS breaks upward thru a trend line you may draw across the tops & peaks, it will constitute a breakout warning. SOOOOO when we see Crude Re-Bound off this low, a series of price achievements will start creating some upward horsepower to get UPTREND FOR CRUDE underway.

Its a time to remain vigilant, and poised. The DGS Letter will contain specific ideas on exploiting this and other developing trends.
The DGS Letter is available in a No-Charge subscription from "denaliguide2@yahoo.com" in return for your postal or Zip code and how you found Denaliguidesummit.

Good Luck,

DG

CROWD PLEASERS - >

From a list I keep of issues I frequently run thru accounts, some have run, some are currently buyable, IMO, either resting momentum-wise or actually pulled back into ACQUISITION ZONES. The list I am currently working from is:

NGA, DHT, EGO, DAR, PGH, RSI/Un.to, MVG, TGA, FHC, AZK, PLM, FRG, GORO, DXO, KGN, BGS, MFN, PVX, CEF, CFW, HGT, PBT.

Assessing the position, and momentum, IMO, the following stocks could be ACQUIRED in this ZONE for subsequent DISPOSAL :

NGA, DHT, PGH, MVG, FHC, PLM, FRG, DXO, BGS, MFN, PVX, CEF, HGT, PBT.

I am working from the premise that this is a Bear Market Rally, even tho it could turn into a bit larger rally than this, it will, in larger context, still be a BEAR MARKET RALLY.

When you hear the TALKING HEADS spewing about lack of leadership, they reveal that they have NOT looked at the BREADTH. Within the BREADTH, is the Leadership, IMO.

DG

JUST A REMINDER

1/ you can subscribe to the DGS Letters currently at NO-Charge by sending an email requesting it to "Denaliguide2@yahoo.com" and telling your zip or postal code and how you found out about Denaliguidesummit and the DGS Letter.

2/ you can of course, subscribe to this blog so you dont always have to check it.

DG

Whither Goest Thou Bear Market Rally ? Part Deux


lets skip back to the 10 min chart of the $WLSH posted on Sat Jan 24, and look carefully at the scale corresponding to the RED TOP LINE of the TRIANGLE. That line Terminated on the Right Hand side of the Chart at 8400. Without having to look I can tell you that the $WLSH is now in the 8500's, again a depiction of a DECISIVE BREAKOUT.
Yes the 30 stocks in the DOW are tired, but the 5000 stocks in the WILSHIRE are off and running. See for yourself. Its there - > at lunch time it was 8530. The bottom line here is that the BOTTOM LINE belongs to the Broad Market, not the DOW, no matter how the TALKING HEADS phrase it. Pick your shots, I posted the candidates earlier. DYODD and you might have a decent shot. Also dont panic about selling. Set TRAILING STOP SELL ORDERS, with wide margins. For the Initial phase of an acquisition I use 15% Trail per-centages, as I have been shaken free of lesser margins. Once inside a strongly trended INTERMEDIATE MOVE, I will consider moving to a 7% Stop. When the trend starts to lose steam and might die, I simply put in a 3% Stop and call it good. I realize the 3% Stop is a bit harsh and tight, but it catches some Blow-Off Moves.
Gold and Oil are resting here, but I still like them along with some of their candidates I will mention here later.

Good Luck,

DG,

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