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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: carromill who wrote (5042)	7/25/1999 2:54:00 PM
From: JEB	Respond to of 150070

Carroll, Charting will get you ahead and out of a trade when it is ready to turn back down. If you do not have level II software then you need to follow a site that offers intraday charts. Learn to draw support lines. Support lines are made by drawing a line (called a trend line in the level II software), on a tick bar chart (15 minute), at the bottom of the bars that are the lowest points over a 5 day period (so you would choose a 5 day chart to work with) and draw that line from left to right and carry it off the paper. It will either be ascending (going up), or descending (going down). If it is an ascending support, take a position in it and the day one of the tick bars breaks through that line, get out. Wait for it to break down then base and get back in later or move on to the next stock. There is more to this but this will get you started. Good trading, JEB