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Corrections Corporation of America Message Board

kenneth1000young 33 posts  |  Last Activity: Jun 10, 2010 12:13 PM Member since: May 7, 2009
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  • kenneth1000young by kenneth1000young Jun 10, 2010 12:13 PM Flag

    Recent pullback presents an opportunity to buy some quality value stocks on this historically unprecedented uptrend. Yes, technically we are still on a uptrend, right around the support line at this moment. If this trend holds, the upside is very profitable.

    Screenulator is an advanced stock chart pattern analysis tool that screens for stocks by more than 40 different technical indicators and chart patterns DAILY. Moreover, there is a list of value picks that are safe to trade even in the event of market correction. see "Joe's value picks" http://www.screenulator.com/cgi-bin/view_watchlist?id=2

    Recent buy candidates that touched the support lines include BHI, BRK-B, MITSY, TRP, BMY and more... Low debt-to-equity ratios of these Value Picks makes them safe choices in a major market correction like this.

  • kenneth1000young by kenneth1000young Jun 10, 2010 12:03 PM Flag

    TBI has been detected as one of the flat channel drops today...

    Flat Channel drop is the opposite of Flat Channel Breakout, which is when a long period of narrow trading range followed by sudden increase in price and volume, effectively breaking out of the narrow trading range. This kind of pattern has been described in books such as "How I Made $2 Million in the Stock Market by Nicolas Darvas", and "Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets".
    Many people already use Flat channel breakout, but few realize the opposite is a great trading method in a bear market.
    Even though the market rose today on late rally, there have been many flat channel drops being detected, signally a short lived rebound and even further decline is to come. Here is a list of flat channel drop qualifiers: ABD, AEA, ANR, AOI, AIN, ATHR, AUXL, AYR, BCRX, BPFH, BRKS, CETV, CGV, CHINA, CSE, CTXS, EFII, EGLE, ENOC, FOR, GIFI, GLBC, GNK, GPK, GRA, GXDX, HRBN, IPI, IRE, KBW, MRVL, MWA, MWW, OEH, PGI, PSEM, TBI, THC, UMC, VITA, WFT, ZGEN, WEN

    See http://www.screenulator.com/cgi-bin/view_screen?id=15 for more similar patterns

  • kenneth1000young by kenneth1000young Jun 10, 2010 12:00 PM Flag

    WEN has been detected as one of the flat channel drops today...

    Flat Channel drop is the opposite of Flat Channel Breakout, which is when a long period of narrow trading range followed by sudden increase in price and volume, effectively breaking out of the narrow trading range. This kind of pattern has been described in books such as "How I Made $2 Million in the Stock Market by Nicolas Darvas", and "Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets".
    Many people already use Flat channel breakout, but few realize the opposite is a great trading method in a bear market.
    Even though the market rose today on late rally, there have been many flat channel drops being detected, signally a short lived rebound and even further decline is to come. Here is a list of flat channel drop qualifiers: ABD, AEA, ANR, AOI, AIN, ATHR, AUXL, AYR, BCRX, BPFH, BRKS, CETV, CGV, CHINA, CSE, CTXS, EFII, EGLE, ENOC, FOR, GIFI, GLBC, GNK, GPK, GRA, GXDX, HRBN, IPI, IRE, KBW, MRVL, MWA, MWW, OEH, PGI, PSEM, TBI, THC, UMC, VITA, WFT, ZGEN, WEN

    See http://www.screenulator.com/cgi-bin/view_screen?id=15 for more similar patterns

  • kenneth1000young by kenneth1000young Jun 10, 2010 11:58 AM Flag

    Even though the market has turned up today, I am still a little bearish. The breakout ratio reached the yet another historic low (http://www.screenulator.com/cgi-bin/view_screen?id=breakout_ratio) in spite of an up day. there are still many stocks had flat channel drop recently:
    signalling a short lived rebound and even further decline is to come. Here is a list of flat channel drop qualifiers: ABD, AEA, ANR, AOI, AIN, ATHR, AUXL, AYR, BCRX, BPFH, BRKS, CETV, CGV, CHINA, CSE, CTXS, EFII, EGLE, ENOC, FOR, GIFI, GLBC, GNK, GPK, GRA, GXDX, HRBN, IPI, IRE, KBW, MRVL, MWA, MWW, OEH, PGI, PSEM, TBI, THC, UMC, VITA, WFT, ZGEN, WEN
    See more result and other filters: http://www.screenulator.com/cgi-bin/browse_index

  • kenneth1000young by kenneth1000young May 29, 2010 3:55 PM Flag

    Last week may be the turning point from the bear market to bull market.
    Some stocks started breaking out of downward resistance line. This is a bullish signal that long term resistance has been broken, and stocks will continue to make new highs until it retraces back to this resistance line.

    For example ALK is one of the qualifiers found on May 27, its toplines defining peaks are uniformed spaced, making it a very strong pattern.

    However, there are lots of other good candidates from May 25 - May 28: DAG, LCC, HTS, SHI, ALK, KNL, HNT

    For the complete list of chart patter screeners and and more recent filter results, see http://www.screenulator.com/cgi-bin/view_screen?id=8

  • kenneth1000young by kenneth1000young May 29, 2010 10:34 AM Flag

    Last week may be the turning point from the bear market to bull market.
    Some stocks started breaking out of downward resistance line. This is a bullish signal that long term resistance has been broken, and stocks will continue to make new highs until it retraces back to this resistance line.

    For example HTS is one of the qualifiers found on May 26, its toplines defining peaks are uniformed spaced, making it a very strong pattern.

    However, there are lots of other good candidates from May 25 - May 28: DAG, LCC, HTS, SHI, ALK, KNL, HNT

    For the complete list of chart patter screeners and and more recent filter results, see http://www.screenulator.com/cgi-bin/view_screen?id=8

  • kenneth1000young by kenneth1000young May 29, 2010 10:33 AM Flag

    Last week may be the turning point from the bear market to bull market.
    Some stocks started breaking out of downward resistance line. This is a bullish signal that long term resistance has been broken, and stocks will continue to make new highs until it retraces back to this resistance line.

    For example LCC is one of the qualifiers found on May 26, its toplines defining peaks are uniformed spaced, making it a very strong pattern.

    However, there are lots of other good candidates from May 25 - May 28: DAG, LCC, HTS, SHI, ALK, KNL, HNT

    For the complete list of chart patter screeners and and more recent filter results, see http://www.screenulator.com/cgi-bin/view_screen?id=8

  • kenneth1000young by kenneth1000young May 29, 2010 10:32 AM Flag

    Last week may be the turning point from the bear market to bull market.
    Some stocks started breaking out of downward resistance line. This is a bullish signal that long term resistance has been broken, and stocks will continue to make new highs until it retraces back to this resistance line.

    However, there are lots of other good candidates from May 25 - May 28: DAG, LCC, HTS, SHI, ALK, KNL, HNT

    For the complete list of chart patter screeners and and more recent filter results, see http://www.screenulator.com/cgi-bin/view_screen?id=8

  • kenneth1000young by kenneth1000young May 29, 2010 10:31 AM Flag

    Last week may be the turning point from the bear market to bull market.
    Some stocks started breaking out of downward resistance line. This is a bullish signal that long term resistance has been broken, and stocks will continue to make new highs until it retraces back to this resistance line.

    For example DAG is one of the qualifiers found on May 25, its toplines defining peaks are uniformed spaced, making it a very strong pattern.

    However, there are lots of other good candidates from May 25 - May 28: DAG, LCC, HTS, SHI, ALK, KNL, HNT

    For the complete list of chart patter screeners and and more recent filter results, see http://www.screenulator.com/cgi-bin/view_screen?id=8

  • kenneth1000young by kenneth1000young May 12, 2010 1:30 PM Flag

    The best way to trade in a market correcting is to buy beaten down quality stocks. The best timing is when they are close to their long term support, by trendline analysis.
    Acoording to the following technical analysis, BCR is near support level detected on May 11th, among several other screen results.
    Here are few screen results:
    AIB, BBG, BCR, CLF, COCO, CTBI, ETR, GSG, ISH, IPHI, RBY, SFD, SVU, TWC ... For more results and other screeners based on chart patterns and trendlines, go to http://www.screenulator.com/cgi-bin/view_screen?id=47

  • kenneth1000young by kenneth1000young May 12, 2010 1:29 PM Flag

    FLR is part of screenulator's value pick list
    The best way to trade in a market correcting is to buy beaten down quality stocks. The best timing is when they are close to their long term support, by trendline analysis.
    Here are few screen results:
    AIB, BBG, BCR, CLF, COCO, CTBI, ETR, GSG, ISH, IPHI, RBY, SFD, SVU, TWC ... For more results and other screeners based on chart patterns and trendlines, go to http://www.screenulator.com/cgi-bin/view_screen?id=47

  • kenneth1000young by kenneth1000young May 12, 2010 1:27 PM Flag

    SFD was near bottom support level yesterday, among several other stocks...
    The best way to trade in a market correcting is to buy beaten down quality stocks. The best timing is when they are close to their long term support, by trendline analysis.
    Acoording to the following technical analysis, PC is near support level detected on May 4th, among several other screen results.
    Here are few screen results:
    AIB, BBG, BCR, CLF, COCO, CTBI, ETR, GSG, ISH, IPHI, RBY, SFD, SVU, TWC ... For more results and other screeners based on chart patterns and trendlines, go to http://www.screenulator.com/cgi-bin/view_screen?id=47

  • kenneth1000young by kenneth1000young May 12, 2010 1:26 PM Flag

    The best way to trade in a market correcting is to buy beaten down quality stocks. The best timing is when they are close to their long term support, by trendline analysis.
    Acoording to the following technical analysis, PC is near support level detected on May 4th, among several other screen results.
    Here are few screen results:
    AIB, BBG, BCR, CLF, COCO, CTBI, ETR, GSG, ISH, IPHI, RBY, SFD, SVU, TWC ... For more results and other screeners based on chart patterns and trendlines, go to http://www.screenulator.com/cgi-bin/view_screen?id=47

  • Reply to

    Can't nobody read the charts here?

    by go.elong May 12, 2010 9:53 AM
    kenneth1000young kenneth1000young May 12, 2010 1:20 PM Flag

    It's a classical wedge pattern, formed by a descending resistance line from the top, and rising support line from the bottom, characterized by decreasing wave magnitude. At the end of its course, the volatility increases and either breaks up or down, sometimes both. Looks like in this case, we had a downside break, then now it is going for the upside. It is a good time to enter long position if the upside break persists.
    For more similar wedge patterns see http://www.screenulator.com/cgi-bin/view_screen?id=10

  • kenneth1000young by kenneth1000young May 8, 2010 2:42 PM Flag

    Recent pullback presents an opportunity to buy some quality value stocks on this historically unprecedented uptrend. Yes, technically we are still on a uptrend, right around the support line at this moment. If this trend holds, the upside is very profitable.

    Screenulator is an advanced stock chart pattern analysis tool that screens for stocks by more than 40 different technical indicators and chart patterns DAILY. Moreover, there is a list of value picks that are safe to trade even in the event of market correction. see "Joe's value picks" http://www.screenulator.com/cgi-bin/view_watchlist?id=2

    Recent buy candidates that touched the support lines include BHI, BRK-B, MITSY, TRP, BMY and more... Low debt-to-equity ratios of these Value Picks makes them safe choices in a major market correction like this.

  • kenneth1000young by kenneth1000young May 8, 2010 2:39 PM Flag

    As the following article points out, it is sitting on the long term support!
    Recent pullback presents an opportunity to buy some quality value stocks on this historically unprecedented uptrend. Yes, technically we are still on a uptrend, right around the support line at this moment. If this trend holds, the upside is very profitable.

    Screenulator is an advanced stock chart pattern analysis tool that screens for stocks by more than 40 different technical indicators and chart patterns DAILY. Moreover, there is a list of value picks that are safe to trade even in the event of market correction. see "Joe's value picks" http://www.screenulator.com/cgi-bin/view_watchlist?id=2

    Recent buy candidates that touched the support lines include BHI, BRK-B, MITSY, TRP, BMY and more... Low debt-to-equity ratios of these Value Picks makes them safe choices in a major market correction like this.

  • kenneth1000young by kenneth1000young Apr 24, 2010 9:42 PM Flag

    Flat channel breakout detected by screenulator.com amont several other related stocks yesterday. SM could go higher from here. there has been many similar patterns in the past 2 weeks, lots of trading opportunities... see http://www.screenulator.com/cgi-bin/view_screen?id=12 for more similar patterns
    DOV, ECPG, GDI, HITT, HOV, IDXX, MDC, PPD, SM, SNWL, SYNA, USG are all had flat channel breakouts. This is a very strong bullish pattern. Also check out other patterns.

  • kenneth1000young by kenneth1000young Apr 24, 2010 9:33 PM Flag

    Screenulator.com is a new innovative tool to help you screen thousands of high potential stocks daily by the various chart patterns and/or technical analysis paramters of your choice. It is easy to use and takes little time to learn, yet it just as powerful as some of the softwares and tools professional traders use. Learn how to make solid and reliable income by trading stock with automated trendline detections and technical analysis alerts.


    For example flat channel breakouts...
    there has been many similar patterns in the past 2 weeks, lots of trading opportunities... see http://www.screenulator.com/cgi-bin/view_screen?id=12 for more similar patterns
    DOV, ECPG, GDI, HITT, HOV, IDXX, MDC, PPD, SM, SNWL, SYNA, USG are all had flat channel breakouts. This is a very strong bullish pattern. Also check out other patterns.

  • kenneth1000young by kenneth1000young Apr 24, 2010 9:31 PM Flag

    Flat channel breakout detected by screenulator.com amont several other related stocks yesterday. MDC could go higher from here. there has been many similar patterns in the past 2 weeks, lots of trading opportunities... see http://www.screenulator.com/cgi-bin/view_screen?id=12 for more similar patterns
    DOV, ECPG, GDI, HITT, HOV, IDXX, MDC, PPD, SM, SNWL, SYNA, USG are all had flat channel breakouts. This is a very strong bullish pattern. Also check out other patterns.

  • kenneth1000young by kenneth1000young Apr 11, 2010 8:29 PM Flag

    Screenulator.com is a new innovative tool to help you screen thousands of high potential stocks daily by the various chart patterns and/or technical analysis paramters of your choice. It is easy to use and takes little time to learn, yet it just as powerful as some of the softwares and tools professional traders use. Learn how to make solid and reliable income by trading stock with automated trendline detections and technical analysis alerts.

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