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The triangle is very similar to MGLG's. Look at the WM%R on a 7 day..it is looking good. The RSI is fine and the MACD is crossing over. I pick the WM%R over the MACD because the MACD is a lagging indicator. The parabolic SAR looks good. I would call it 50/50 out of the gate in the morning. One would just have to keep a close eye on it. Probably after the first hour you might know where it is going. The first hour is a bunch of bullshit until things settle and trade. Then again, a run or a pullback can take off. It is a very tenuous time. The last candle was positive, but didn't meet its full potential. Those are my thoughts on that. Overall, it is a very appealing chart. ;)
The triangle is very similar to MGLG's. Look at the WM%R on a 7 day..it is looking good. The RSI is fine and the MACD is crossing over. I pick the WM%R over the MACD because the MACD is a lagging indicator. The parabolic SAR looks good. I would call it 50/50 out of the gate in the morning. One would just have to keep a close eye on it. Probably after the first hour you might know where it is going. The first hour is a bunch of bullshit until things settle and trade. Then again, a run or a pullback can take off. It is a very tenuous time. The last candle was positive, but didn't meet its full potential. Those are my thoughts on that. Overall, it is a very appealing chart. ;)
Oh boy! Jeff is here! lol
Those guys are pretty legit - but I'll try to get the info on what the vibe is like in there. You should totally go and try out a stand up and a ground class though. Find out how often those instructors teach and pay attention to how much attention they give the lower ranked guys. Some guys spend a lot of time with just the upper folks.
Also keep in mind, I'm not a penny trader (and not the best trader either - I always break my own rules - sigh - I wish I would trade like I do playing that chartgame), and this is a far different game than I'm used too...
Do spend a little of your winnings on some education material though! And if you do spend time in the pennies, try to figure out how these guys get their picks. I'm just trying to analyze their picks using TA, which isn't as applicable to thinly traded stocks.
I am really astonished. I am watching an old Western from 1941 with Olivia de Havilland, Errol Flynn and Arthur Kennedy. The Indians speak better English than 99% of people these days.
This is a movie where Custer gets his ass kicked.
No shit! I will do the same for my mom and dad. They have a crumby old computer that takes 5 minutes to get on and do something. If I went to visit them now, Scottrade Elite wouldn't even show up and I would lose my ass.
I would have to go out and buy one just to get bye.
I am a vegetarian, but I can imagine how good the peoples' bacon and eggs smell in the morning while you are out on their deck, lol.
BTW, I LOVE meat, but don't eat it. Sometimes I like Tuna fish or sushi...or turkey at Thanksgiving, but that is it. I lost 60 pounds doing that and 4 inches off of my waist.
I am a romping and stomping 162 lbs right now. I used to weigh 217 and looked like a squirrel with its cheeks full of pine cones.
Hi Bass -
I posted some charts on RTGV at the end of last weeks thread - today was almost a breakout from a pennant - there is small resistance at 0.04 and we didn't close over, and we didn't exactly close over the pennant. For grins though, I put in a little money - as I have been sleeping too late everyday, and missed that BEHL trade that I had marked out. I do like the 9/39 ema crossover on the 60 min chart and the volume. We need a close over tomorrow. You ask what the measured move would be - there are arguments on how to measure the pennant, but my general rule of thumb is to go with the whole pole, which is about 0.039, so lets just consider it 0.04. So 0.04 + 0.04 = 0.08. There is also a little resistance at around 0.0085. I usually like it when there are multiple targets in the same area - those are pretty close. If it doesn't confirm tomorrow, I'll likely cut out. If it does, I'm going to remove close to all of it before it hits 0.08. In fact, I should set it all up now. You guys using scottrade - you can bracket orders like that using the advanced orders feature - I didn't know it was there for a long time.
I'll look at the hub charts here in a minute - if they are different than mine, it will just show you there's just a lot of ways to look at tea. Also bear in mind, a lot of patterns fail, and I don't expect the pennies to actually hold up to this form of TA, but I'm just "forward" testing it. Note, though, the previous pattern, the descending triangle payed off. I entered today as I won't pay any attention though unless I put in a little cash. I should be watching the regular market - but its still in a ??? stage.
btw, I didn't particularly dig the company's website - but I'm just going to trade this one by the charts.
http://www.scripps.edu/~davess/siri/RTGV-weekly2.png
http://www.scripps.edu/~davess/siri/RTGV-daily2.png
http://www.scripps.edu/~davess/siri/RTGV-60min2.png