|
PureBytes Links
Trading Reference Links
|
Hi All:
Continuing my discussion on price shock per xrx last night, here's the
present qcom situation.
Earnings report came out on Jan 25, and the stock has since been visiting
south... Today, so far, another $10.
Attached is a gif file on qcom daily basis. I'm inserting 2 indicators -
Kaufman amak (with default of 10 - yellow line) and Jurik jma (cyan line -
instead of the default value of 8, I arbitrarily use 16).
As a rough guideline, the filtering method is to have qcom close above
either indicators before I think of going long. Perhaps a further filter
is to wait for the next day(s) (after the crossing above) to go long AFTER
the price is above the crossover day's high.
Of course there's still no guarantee that qcom will not go back down again.
Here's where everyone else would like to use a close stop etc etc.
Regards,
Wong
ps: By the way, when I say "price shock", I mean AFTERWARDS, not before.
I don't go for guessing top or bottom BEFORE the earnings report.
Attachment Converted: "f:\eudora\attach\price shock - qcom.gif"
|