Charts for my friends

[buysell101]

Interesting you look at the weekly for the bottom. Usually on these "pincher bottoms" they run up to the 20, and if they break that to the 34 before consolidating again before longer runs.

I usually never use the weekly charts when playing the bottoms because it never correlates to the daily.

An example is COLL. Bought this yesterday for it to hit the 20 and it hit it perfect today but look at the weekly...would never trade daily bases on weekly's.

I am working on really trying to hone in on the pinchers and trying to find the right algorithm but there is no way to back test them using SC.

Did buy some MOS today see what happens. Will post some pinchers I am watching later.