Technical Trading of Pennies Message Board

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Microcap & Penny Stocks : Technical Trading of Pennies

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To: Raven who wrote (53)	4/16/1998 5:25:00 PM
From: paul s.	Read Replies (1) of 478

Raven...definitely patience pays off in this game...there is ALWAYS another one to come along...I've ran 100 charts since Saturday, with nothing compelling to buy... The climb, then drop then climb again is close to what I do with RSI...its called a "W" failure (or something like that). I've found that using this, 75% of the time I can predict a turn of the bottom for a stock (see "TA of Stocks and Commodities" magazine for March) My methods...how much detail do you want...??? I use this site cbs.marketwatch.com for charting for free on the net... I screen all stocks for: Bollinger bands (14,2) MACD (11,22,34) RSI (9) Williams%R (15) Very fast...and easy...try some charts and let me know what you think! We can talk about what to look for... paul

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