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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: eaglains who wrote (7342)	1/21/2006 9:34:32 AM
From: chowder	Read Replies (1) \| Respond to of 13449

>>> Is that an inverted hammer on EPEX? <<< Yes. >>> Is an inverted hammer on slightly higher than avg. vol. a strong enough indicator that this goes down before preceding up? <<< Yes, unless price can gap up at the open. Re: CNST ... >>> Do you find this chart of interest? <<< No, not at all. It's a low priced low volume stock. It may do well but those types of plays are sucker plays. They are only played by the novice traders. Professional traders don't touch them. One or two may work out but most don't. You offset the good ones by the number of bad ones. Low priced, low volume success stories are like lottery winners. Everybody hears about the 50 million dollar winner but nobody thinks about all of the losers in the process. And does the 50 million dollar winner feel so good about his method of winning a lottery that he parlays all of his funds into his system of picking more winners? I don't think so. Let the novice players have their fun with the low priced low volume stocks. To be a professional trader, all we have to do is act like a professional trader. Trade quality. There will be an occasional low priced stock worth playing. Be sure it's average daily volume exceeds 1 million shares. dabum