Chart Watch 2007-04-02

Long delay since my last real post. Like most people I've had a extremely busy couple of weeks with weddings, family, football and work. Currently getting ready for a trip to Dallas so the next couple of weeks are not going to get any better.

A couple of my holdings are currently at areas of interest so I thought I would post their charts.

Industrea - IDL


Industrea is a stock I have been following for a while now. It has been on a consistent, strong uptrend and formed a strong hammer on the 28th of Feb when the market had its first scare.

Last week IDL traded between $0.40 and $0.41 but today along with the all ordinaries has closed down currently trading at $0.39. Nanine posted late last week that she has sold her holdings.

Albidon Limited - ALB


Albidon Limited is a minerals exploration company that has benefited from the recent increase in nickel prices. As the chart shows, ALB has seen on a strong uptrend since mid January and I took a position in ALB a couple of days after the correction at $2.19 on the 7th of March. ALB has since surged to a 52 week high of $2.77 and closed today at $2.66.

I will keep a close eye on the lower trend line, count back line at $2.48.

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My Yahoo Ticker

Although it's been available for a while now, the My Yahoo! Ticker Beta is an option for people wanting stock news and quotes fed to their desktop.
Quotes and headlines are delivered direct to your windows task bar allowing you to continue working while maintaining contact with the market. RSS feeds can be setup over a range of topics, not just finance. Email notifcation, weather forecasts and more are also provided. There's also some search capabilities built in.

Another option is Yahoo! Widgets. With Windows Vista now released with a built in SideBar, Yahoo! Widgets may be a thing of the past. Windows XP can gain the benefit of dynamic applets to run on the desktop by using Yahoo! Widgets. Like the stock ticker option available from Yahoo!, finance isn't the only widget available. Widgets include RSS feeds, weather, email, system performance and 100's more.

Having data directed to your desktop can be extremely useful for people spending their days if front of the computer, but are too busy to scan the web to search for data they are interested in.

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Stock Trader TV

I new beta web site is available for viewing called Stock Trader TV. It's an interesting idea that extends on Alpha Trends and You Tube.

Looks like they have a few high profile sponsors so it will be interesting to see the first Australian trader to provide video trading commentary in a similar style.

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Google Finance

Google has revamped it's finance page. Although clearly targeted towards the US market a useful feature of the redesign is the addition of You Tube. Daily videos are made available from Reuters, Forbes and other media outlets.

You Tube is becoming a useful tool for people interested in world markets with videos available about forex, equities and business dealings.

It would be great to see more offerings for the Australian market in the near future.

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All Ordinaries Three Inside Up Pattern

A Three Inside Up Pattern occurs after a 2-day bullish harami pattern. To form the Three Inside Up pattern, the third day is a white day with a higher close than the second day. The three inside up pattern turns a low-reliability bullish harami into a high probability reversal pattern.

The All Ordinaries have formed this pattern on the last two pull backs in the recent uptrend. The current pullback has again formed this pattern? Is this candlestick pattern and indication of a strengthening XAO?

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