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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Burg who wrote (2751)	7/2/1998 2:37:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 9824

As an analyst myself, it fascinates me how much TA can be done on something as emotional as the trading of stocks, especially BBs. And especially when one scintilla of news can cause a BB stock to get hammered or skyrocket, not to mention all the expert newsletters out there recommending this and that stock. For every TA success, there is of course the explanation; for every TA failure, there is also an explanation. It works best when there is a large group using it on a particular stock(sort of like the self fulfilling prophecy). Bullish/Bearish belt, pregnant Haramis, cups and saucers, etc, etc. I have Omni Trader. On 6/23 TNRG had : Bollinger Band Crossovers, Kirshenbaum band, RSI Peak, and a Commodity Channel Index Fibonacci Peak, so they went LONG. On 7/1, Omni Trader reinforced their long with a Chaikin level Peak. I look at support, resistance, gaps, volume. The KISS method. TNRG is trading a few pennies above its lows, so I added to my position. Omni Trader has terrific graphs though. TG