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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (17895)12/2/2002 3:44:18 PM
From: Jeff  Read Replies (2) | Respond to of 30712
 
dale....i learned how to play crap stocks long ago.....for me its fun cause thats where the huge gains are....i know them like the back of my hand.....everybody should learn how to play those because it teaches you the real dangers in the market......and makes you a better trader....

folks laughed at the crap stocks for years till they ran 20 to 100 fold......then when the market crashed...the high flying nasdaq 100 buck stocks turned to crappers.....had folks known that was even possible to happen they could have saved themselves alot of pain....but folks who played crap before knew stocks can go from dollars to nothing in a heartbeat......

and basically....over the last 3 years....the nasdaq has turned into nothing more than a manipulated pennystock market.....it now acts just like OTC stocks from 96-2000 with nothing but pumps and dumps anyway.......

anyway....i know all the rules of the crappers and glad i learned them early on....<ggg>

in december i hate to blow a good year so i'm just cautiously playing now till year end anyway....

as far as t-q.....i use it different from others so its hard to explain.....i don't use it for daily trading but just look for the extreme readings that change the big trend.....other than that....i don't follow it....

on gold.....

like i said a few post ago....thats a weekly full sto d-blow on the HUI...XAU...NEM....

stockcharts.com[h,a]waclyiay[dd][pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll4!Lo14!Lb14!Le5,10,1]&pref=G

they could make gold long holders puke up tax losses under that bad boy.....

personally i would love to get some cheap tax loss golds for a january bounce.....

anyway....knowing that d-blow is there.....for me using my technicals i can't touch golds till the DB curls out and up.....