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

To: pater tenebrarum who wrote (21117)	1/20/2000 8:10:00 PM
From: myturn	Read Replies (1) \| Respond to of 150070

AREE: I have a friend who swares by technical analysis and that is how he does 90% of his trading decisions. Even in the OTC arena. Our own Scouser does a lot of investing using charts and technical analysis. I am not much of technical guru, but I do follow Bollinger Band theory and the Wave (Fibonacci) Theory. I pulled this off of Raging Bull. BOLLINGER BANDS; A very useful technical concept is the use of trading bands. They are widely used to determine overbought/oversold levels. Sharp moves tend to occur after the bands tighten to the average. A move outside the bands calls for a continuation of the trend, not an end to it. A 20 period moving average is recommended. The Chart Confirm **UPSWING ALERT BREAKOUT 2-WAVE IN A STRONG MOTION/MOMENTUM after a SMALL CORRECTION** Frequently price corrections will be 38% or 62% of the prior trend. New trends are often 162% of the previous correction; is the Fibonacci price projection tool. AREE; opportunity to acquire at undervalued price ... ... to be ready for WAVE-3 UPTREND CONTINUATION! WAVE-3 MOSTLY THE STRONGEST IN THE 5-WAVE ELLIOTT PATTERN! Buy more while the price is at a bargain! Imo!