Teresa
I'm not sure if you still follow Canadian stocks or not. But if you do, have a look at a penny stock on the TSE , by the symbol AEO.T. Now this seems to be a case of manipulation at it's best, for all indications at the close yesterday , signified a gap this morning ,if the markets would rise today. I could of sold for a hefty profit at the close yesterday , but decided to hold over ,since I was in at a much lower price on Friday. I wanted to see it play out , for all indications showed strength for most of the afternoon . The chart looked great , the price by broker showed strong accumulation by certain houses , and the trend indicator and tick counters seemed very bullish. I use , up and down tick counters a great deal , for they are a remarkable indicator for penny stocks , and work well at displaying the games that are played. The only drawback , was the one indicator that I use on the day charts ,for it was entering the oversold territory , but still should of allowed a gap up this morning. This stock may still run today , but is a prime example , of how a trader can only make a calculated guess at best, of what the next days trading will be. I think that it's very important , that we always remember , that the market or the powers that be , decide the direction of the trade. I will use this above stock , as a example, while I study your multiple time frame analysis.
Best Regards
Duane Crooks |
