Market Watch for week of 7/06/2009

[Dr. Dave]

Congratulations to our youngest team member Sean for loosing the Junior portion of his Member status! And he did it on the day that he bought his first stock!!! You're on your way bro. Keep being inquisitive and learn EVERYTHING you can.

A great start would be to read Dr Dave's info that he posted at the end of last week. Look at his charts, read his explainations.
Anything you don't understand you can research at www.investopedia.com
Keep in mind, you're not reading his posts to find an investment. You're reading them to LEARN HOW TO find investments.

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.

[Dr. Dave]

this is my chance to rant for a sec:


**** YOU AOL

my dad is hooked, i explained to him u can get what ur paying 25 dollars a month 4 for free

then i re-formatted his laptop and told him try and get used to not having aol and nope, its like he's a crackhead, he goes on about these non existant god damn features. how did aol manage to convince my pops that somehow their service is worth something, god he is so frigging hard headed. screw you aol. he even tried to go behind my back to buy a new laptop with aol on it. these are addiction like traits.

That's the best - my dad is using dialup on lord knows what, a 486???, well he uses dial-up, drives me crazy. If one of these pennies comes in big, I'm going to get him a real hook up.

[billhart22]

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.

[billhart22]

That's the best - my dad is using dialup on lord knows what, a 486???, well he uses dial-up, drives me crazy. If one of these pennies comes in big, I'm going to get him a real hook up.

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.

[ray]

behl
http://investorshub.advfn.com/boards...o.aspx?v_id=46

[Dr. Dave]

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.

Their neighbor lets me sit in their backyard if I want to use my laptop - or its off to the clubhouse library!

[billhart22]

Their neighbor lets me sit in their backyard if I want to use my laptop - or its off to the clubhouse library!

That is funny! A guy sitting on your deck at 0700 in the morning.

[billhart22]

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.

[billhart22]

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.

[Dr. Dave]

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.