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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: RG who wrote (20160)4/14/1999 12:08:00 PM
From: Denise D  Read Replies (2) of 37507
 
RG,

I find that when looking at the value of market action and signals to look to the past in order to help see the future. It can be a challenge to find the chart that works for each stock ("History repeats itself" they say, and sometimes you need to find the right set of glasses), but I have been finding that if you can find a chart that accurately shows signals of the past, that same chart should work to show new signals unless volatility or price action changes dramatically.

For example, using a 1-month chart now for BII doesn't show a darn thing. It all looks up and you can't see the short-term and intermediate trends. Six months ago a 3-month chart worked just fine.

Regarding if it will work on an internet stock, it remains to be seen, but it is IMHO that it should be helpful.

Best,
Denise.
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