Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Davy Crockett who wrote (32285)	3/14/2002 11:19:58 PM
From: sean sanders	Read Replies (2) of 52237

Peter, I know what you mean about the "ego-centric posters just write u off". TMTA looks like a good chart; havnt played a penny stock in awhile <g> It's doubled its price in ~3-4 months thats what counts. We got a nice channel going there too. She may head lower to the lower channel line there ie 10/9 12/24 lower points extended. Then again she might head higher. I drew up a chart might help with the visual geocities.com (click on location tab then hit enter to view chart) If she heads lower then that lower trendline at #3 I would probably want out depending how the chart looks. Looks like a good chart thou. You mentioned about LU here? and how 2 people had different opinions on it. I mean I can see a reason for buying into this one but I can also see a reason not too. We are in a intermediate to long term downtrend; while the price may look attractive the only 2 things I see going for us is that we are at the bottom of a channel and we have a hammer candle pattern; but its a loose hammer ie decent upper wick so will have some spinning top characteristics also. Should be an interesting one to watch thou; I prefer to play them when there is a more defined upward move in play. PALM- right away I see a desc. triangle or more so a h&s top. It's a small price stock with the ability to move fairly quickly so theoretically I could loose 50% of my value in one days move. I mean sure the 1.5 area looks like the bottom (cant go much lower <g>) so perhaps it will keep heading up; but I would be sure to watch a break past the lower part of that gap in the middle of nov. PMCS- hmm well we are in a intermediate downtrend; I would hope that the low of march ~4th is a decent support now but until we have another bounce I wouldnt put my milk money on it. I mean I could visualize a bounce at the 14.25 level forming a dbl bottom and then jumping out of the channel but thats just pure specualtion at this point. Have to see what she does. ... I'm in EMC right now ... somehow I choose to ignore the fact that on the 60/15/5 min chart we formed a small h&s and yesterday's candle was a shooting star. I really should have exited by now; Im going to stay in it thou unless she drops below the 11.4 level. I need to improve on the trading part of the game; looking at charts is fun ... its executing trades in a effecitve manner that's what I have a problem with. Sean

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