Tuesday, August 9, 2011

Are bad days over? DIA reversal does say that today.

What a market over last few days!!! Anyway, today there is a very strong reversal in market as per Profit From Prices.
DIA has shown REVERSE Buy today. This is one of the strongest signals that I have seen recently.


Friday, August 5, 2011

RBCN, Rubicon- Powerful Reversal signal

RBCN- what a drop from around $30 to a low of 10.76 today!!!
Today has a chance to be turn around day. It opened way lower at 10.76 but looks like the open was the low price for today! Then on a high volume, it closed 10 cents higher compared to yesterday's close. This is a TURN AROUND signal but is as poweful as a U TURN buy signal.

Can be traded with a stoploss at $10.59


CSCO- Cisco -New low today but it closed 12 cents up. Jump in volume too.
Buy with a stoploss at 14.28.

Update 09 Aug 2011. Unfortunately, the above signal fail (almost all stocks are hammered over last 2-3 days in wake of S&P downgrade of US.
Anyway, today is another strong Reverse signal in CSCO. This second Reverse over few days adds good confidence.

Curren rate is 13.98