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Satcon Technology Corporation Message Board

  • rtspayne rtspayne Oct 22, 2009 3:25 PM Flag

    Slow stochastic negative cross on SATC

    guys I know just enough TA to be a danger to myself and others, so take this fact into consideration. But I have been playing with SATC charts right here on Yahoo. You can draw and remove many technical indicators on the Interactive Chart application. I looked at SATC from 3 months out to a year back (my favorite duration for charting).

    While SATC is above the 5 day moving average, which is bullish, the slow stochastics just today or yesterday crossed (blue line moving below red line). Every time this has happened with SATC the stock has moved down.

    Please, please, please do your own due diligence. If anyone here actually has TA skills, maybe you could do an SATC analysis and offer us your findings.

    Good luck everybody. I was short the market yesterday when I sold SATC by buying TZA and made a quick 5% on the trade. It could have been 8% but I was slow to sell it this morning.

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    • Here's some TA.

      SATC has dropped significantly after the last four earnings.

      I am relying on prayer rather than analysis.

    • A 5-day moving average? I have never heard anything so ridiculous.

    • IMHO TA works will with established companies with a track record of earnings. For developing companies making significant changes from top to bottom the charts don't work as well and also because Satcon is introducing products not in existance. Couple that with a market coming into it's own (Solar Energy) it's like when the first microwaves were introduced or pc's, I am dating myself here. Imagine typwriter stock charts, or mimeograph machines.

      Large wiring and substations may become a thing of the past as natural gas, coal and oil stop getting used and electricity is produced by every home and business. Cars, trucks will be electric and PV will be more and more efficient with Satcon on the ground floor.

      • 1 Reply to mcontras1
      • Granted, this time might be the exception and everything that you say is true.

        That said, and I am making an observation only (not a recommendation): everytime the stochastic cross has occured (blue line crossing the red line to the downside) the stock price has fallen.

        It may also be the case that the lines sort of intermingle with an upward trajectory without a solid cross. In this scenario, the stock price can keep going up.

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