[arkyuan]

My additions to the watchlist from Mondays scans - CCR, GC.TO, HEAR, SIV.V, SPHS



A few notes:

HEAR has had an extreme volume surge for three weeks that has taken it through it's near term resistance zone with a multi digit move. So it's one to watch for what happens on it's first significant pullback once this initial Stage 2A high volume thrust has ended. Watch for a contraction in volume when the pullback occurs, as that will guide as to whether it's suitable or not to consider.

SPHS is making a Stage 2A breakout attempt today. The weekly volume is already above it's one year average volume today, so I would assume that by the end of the week it will make the two times requirement (if the breakout holds) that we look for as it still four more trading days.

SIL.V is interesting looking chart with a stock that's shown that it can really move from it's previous Stage 2 advance and has now formed a volatility contraction pattern and approaches the breakout level with a volume surge today. Am watching the 2.55 level

hi isa,
I have some questions again
1. I never fully understood why we need to watch for a contraction in volume when the pullback occurs? and how is that will guide us whether it's suitable or not to consider?
2. Some of you charts have ichimoku clouds and other charts don't have. Is there a particular scenario you use the clouds indicator on top of other indicators?
thanks,
ark,