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Vet67to82 (< 20)

Uranium Chart Checkup

Recs

129

April 14, 2009 – Comments (3) | RELATED TICKERS: USU

Chart Checkup

USEC    (USU)

For 4/13/2009 the closing price was 5.9400.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 4.80.

The projected upper bound is: 6.79.

The projected lower bound is: 5.12.

The projected closing price is: 5.95. 

Note: these price projections are for reference only, and can be easily exceeded by the market.

3 Comments – Post Your Own

#1) On April 14, 2009 at 3:07 PM, Mary953 (66.50) wrote:

Would you be willing to share your sources?  You have hit on one of my most watched companies and I would be interested in knowing how you arrived at the numbers as I am trying to determine the best price points for these very things, but don't have the experience

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#2) On April 14, 2009 at 4:13 PM, Vet67to82 (< 20) wrote:

Yes,  I am using multiple softwares, primarily my end-of-day charting is Equis "Metastock" 10.x on one computer and 9.x on the second with my info from Reuters.   The program I'm using, allows me to take advantage of my own extensive F.I.T and S.M.U. mathematical and science education, and write and incorporate my own mathematial schemes and run back testing,  along with hundreds of analytical scenarios by others that I routinely back test for the best handful of performers. 

In so far as the code I'm writing is mine - there is no other place you can get that.  By virtue of the back testing-  my work must beat the pack -- or it's back to the drawing board.  On occasion, I do share the results. 

For example, I just back tested USU, (which I own shares in)  with 600 different strategies.   The best strategy is called "Swing Index" which is not mine.   It looks at the  daily bar .  It has the ability to do both long and short calculations.  But it has no mechanism to protect users form positions that immediately move against you.  I use mental stops as opposed to "telling" the market I'm willing to be "stopped" out at xx.xx which is what trailing stops and stop losses do.   That is an experience and "comfort level" individual decision.

One of the trading scenario add-ins, I recently purchased was a relatively new system by John Bollinger of the Bollinger Bands. I got to spend some internet time with the impressive Mr. Bollinger, and as a result, re-worked a few of my own formulii thanks to his insights...     The Bollinger bands represent 2 standard deviations and also represent price support below and resistance above.   Recently, what I have been watching is when the Bollinger bands compress, the stock may continue downward, briefly, and bouncing off the lower band for a "nice"  move to the upside. 

Does this help? 

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#3) On April 14, 2009 at 4:50 PM, Vet67to82 (< 20) wrote:

One thing I would like to point out, and a good reason to do the back testing ... is the overwhelming amount of info that computers can generate.   You need a method to the madness, and rule out strategies that have errors, lose money, or do too many trades.   I generally look to the top 5 - 6 strategies that meet MY criteria,  and chart each of those ... and then look for majority confirmation. 

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