3SOF

Quote from: rickjust on April 20, 2006, 11:43:45 PM
hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi

Gravestone doji?..........dohhhhhh.   Hope not, although it does sound serious............

Quote from: rickjust on April 20, 2006, 11:43:45 PM
hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi

My understanding of the gravestone doji (I read a lot about candlesticks because I love Japan and all things Japanese and I even read about candlesticks on Japanese web pages) is that the gravestone candlestick is actually a doji shape, i.e. it pretty much closed where it opened at the low of the session (so the line forms at the the very base with no white body), but here we have enough of a white body that it is not technically a gravestone doji.   

And even a gravestone doji here might only suggest a trend reversal, but not necessarily mean a strong or lasting reversal.  They tend not to be that strong of a indicator, and if you get a white candlestick after one, the indication is of course meaningless anyway.  And it seems like the hype around ethanol and the continual inflow of orders from around the world for VRDM technology is not going to let any downtrend last.  So lets hope for that white candle anyway tomorrow! 

My armchair quarterbacking for tomorrow is that we do get enough of a pullback to fill that gap from today, then it off to the races for another 8 to 10%, hahaha.  But only the market will know for sure!

I am not a candle stick or TA expert, but I think both GSHF and VRDM has potential to double from todays close. However, this may be bumpy.

Holding: GSHF and VRDM.

update GSHF:

GSHF had a nice gap and run today(up 8.79%!).. we ended with a bit of profit taking from our resistance zone and thats normal.    I know many of you at least sold partial.. very nice job!   

What I see in this chart is lots of volume.. creating a huge run.. not many unhappy holders of this stock(only if you bought today @ .405)... so I dont see much selling pressure.. only the normal resistance.  Ethanol is still definately "in".  We want over 100%(a bag) or more bags  .  No change yet in our stop.. I would like a bit more data before I move it higher. 

If we close higher than todays close tomorrow.. GSHF will not wait long to really start moving    Check out the 1st chart(you guys think that peak in september can compete with this volume...it makes that peak look like a hiccup)   

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Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.239
Target: n/a
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Quote from: rickjust on April 20, 2006, 11:43:45 PMisn't this a gravestone doji? maybe a pull back coming?

A gravestone doji is bearish only when it appears in a downtrend, according to E*Trade's chart tutorial:

hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi
Posted on: April 20, 2006, 11:03:57 PM


not IMO:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GSHF&MarketTicker=OTC&TYP=S

That scared me, but I guess there wasn't really a trade at $0.22 a moment ago, at 10:13.

To clear up the confusion on the Gravestone Doji. It can be considered both a bullish and bearish candle. It depends on the prior trend. In our case it was a bearish indicator as it appeared after a bullish rally. With the opening and closing prices the same and a tall upper shadow shows that the bears had control by the end of the day. But it always takes confirmation the next day to see what the verdict is between who controls the power. The day ended down and completed confirmation for bears holding the power. Though im not too worried as we didnt retrace much and formed a bullish hammer candle to counteract the prior bearish candle. I think we will see this retest the .40 resistence in the near future.

It can also be a bullish indicator in a downtrend. The candlesticker.com makes there case about shorts being in a losing position after a gravestone doji. If the following day gives rise to a bullish rally then shorts will cover and be a bullish indicator producing a rally. I don't much like the bull case for the gravestone doji and think it is more significant as a top reversal indicator.

Besides the point of the Gravestone doji which actually isnt relevant to the case of GSHF. The candle that appeared yesterday is actually a shooting star. Which is similar to the gravestone doji but contains a real body and an upper shadow. it serves the same sort of implications as the  gravestone doji but most would consider the doji more potent of an indicator.

I'll leave the TA analysis to the master mind Mr G. 

-fous

GSHF posted their financials (Quaterly and Yearly)
Any comments:
http://finance.yahoo.com/q/is?s=gshf.ob

Not a fundamental expert here but I think the numbers show that the company finally broke profit. looking very good

in same breath VRDM financials were also posted:

they were not good.
http://finance.yahoo.com/q/is?s=vrdm.ob

Any comments on the take of VRDM financials on VRDM's Stock price action and also on GSHF stock price action?

VRDM negatives should affect both of them...

All of the financials are about Dec 2005 ending... All this is happening currently is about current oil alternatives. 

- Dhiraj

update GSHF:

First I would like to address some replies on this thread.

1: gravestone doji, shooting star, inverted hammer... we must focus on things that affect our trading plan.  Dont get sidetracked!  A day of data(a candlestick) is not equal to the amount of days we have risen on strong volume and the current ethanol trend.  It does not affect our trading plan.

2: GSHF did not post any new financials.  Yahoo just updated their own records.  No new data here.

GSHF - So far pausing after meeting resistance @ ~.40.  We feel more comfortable in moving our stop higher.   A bit under halfway of the tall white(5 trading days ago)  I believe there may be strong support @ .30.. but hopefully this will not need to be tested.  It will be an exciting week. 

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Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.269
Target: n/a
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I've been thinking the same, very exciting G lets rock.  Expect rising gas prices to give ethanol some play again this week.  All aboard!!!!!!!

Applaud G, mental stop raised to 0.268. Though I am looking at > 1.0 for booking any profits. Though I will again suggest to consider VRDM for pennies portfolio.

Quote from: stocky on April 24, 2006, 10:21:33 AM
Applaud G, mental stop raised to 0.268. Though I am looking at > 1.0 for booking any profits. Though I will again suggest to consider VRDM for pennies portfolio.

The pennies portfolio is no more stocky!  We have pennies in both the 3SOF and 3SOV ports.      Adding both VRDM and GSHF would increase our risk too high.  We rather take the bigger one which owns VRDM and INSQ(and their profits) = GSHF