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Strategies & Market Trends : Technical Analysis - Beginners
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To: bdog who wrote (11655)3/7/2001 9:25:21 AM
From: TechTrader42  Read Replies (1) of 12039
 
At least with the penny stocks he's been focusing on, such as MYCO and and ECNC, it would seem that the time frames would have to be pretty long. Hope springs eternal, ya know.

It's my guess that most traders using TA wouldn't be dealing with "pennies." I don't know how effective TA is with penny stocks. Most people holding them discuss the fundamentals at length, the lofty hopes for the future, while the penny stocks move around in a narrow range, or often gradually wend their way lower. Sometimes they soar briefly, and amidst all the high expectations, only a few get out in time. The clock's set to 0 again, and the months or years of waiting begin again. Occasionally one really takes off, and another legend is born, fueling hopes for other penny stocks that won't ever take off.

But whatever.
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