Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Brennan Wilkie who wrote (11950)	5/9/1999 9:20:00 PM
From: keith massey	Read Replies (2) of 62348

Brennan Not that you want me to mention this again but you are bring up to pennies that have shown downward moves or were flat on Friday on lower volume. We are all holding pennies we would love to go up because we are holding but if they aren't a day trade....well I won't get into it again. You asked me to comment on the TA MACD GREEN!!!! look at it shorter EMA is over longer EMA MACD histogram has huge steep bars.. indicating a uptrend and strong potential for new highs. In my opinion the above mentioned indicators are useless on penny stocks of this type. Price fluctuations of pennies are to large and penny stocks can be manipulated too much for these indicators to have any really meaning. The only type of TA that I find have any use on these type of stocks are general patterns and volume indicators and even these have a limited use. This is why you don't see me rambling on about the TA of penny stocks. Best Regards KEITH

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