trading range, page-15

Hi Bones

Just to clarify ... I am not asking for anything, but offering a suggestion which hopefully proves fruitful. One of my first attempts to track shares was to map their relative strength against each other. So I would subtract the percentage move of the All Ords from the percentage move of the stocks I was watching and used that to gauge the strength of sentiment [and money flow] of each one.

e.g.Stock ABC moves down 0.8%, Market moves down by 1.2%
= -0.8% minus -1.2% results in stock scoring +0.4% on the day.

OR:-
Stock ABC moves up 0.8%, Market moves up by 1,2%
= 0.8% minus 1.2% results in stock scoring -0.4% on the day.

Or:-
Stock ABC moves up 0.8%, Market moves down 1.2%
= 0.8% minus -1.2% results in stock scoring +2%

As I say, my math skills are not good enough to automate the thing but when I was last looking at your charts it occurred to me that you would probably know how to go about it. It is just an idea but when I did that procedure it frequently highlighted where the money was going.

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To offer my contribution to the Linc thread this is a long term chart which is, sadly, looking a little glum.

Back in early May I constructed a chart utilizing a regression channel. Since that time LINC has basically continued on that downward path [with one aberration when the stock was massively oversold]. The recent action [using the wave tops and bottoms of the 10 day moving average] is forming a triangle. The lines cross over at $1.15 [early November], which interestingly is another unfilled gap.

That is the current trajectory. Linc needs to bring good news to the market to alter the sentiment.

If $1.15 gets hit then I would imagine it is a key turning point for the stock. If the company does not live up to some expectations then I can not see it being any good for the price.