Technical Trading of Pennies Message Board

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Microcap & Penny Stocks : Technical Trading of Pennies

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To: paul s. who wrote (57)	4/21/1998 3:03:00 PM
From: PeterS	Read Replies (1) of 478

Hi Paul, Thanks for initiating of this forum. It appears that you rely heavily on TA in your trading. From your posts I have the impression that you do not really have a "system" (i.e., something what issues buy and sell signals for you) but it is more like the overall state of your indicators what gives you the feel for the potential trade. Could you please elaborate? Also, have you found any correlation between the reliability of TA and the volume? My perception is that you on the order of $1mil daily volume to succesfully apply TA. Thirdly: Do you feel that TA gives you an edge in penny stock trading with respect to consistent results apecific % profits. Your insight will be appreciated. Peter

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