There goes SIMH with a 50% pop off the low / 60-minute chart:

SIMH daily chart / close to previous low:

FITX daily chart / got a little bounce already:

Sorry, I've been busy. Didn't get into PTIE. Here's the daily chart:

VOIL got a nice bonce too:

NHTC touching the 200-MA:

DRNE got a nice little bounce from .20's to .40's:

In some SIMH at .05 / 60-minute chart:

ALKM got a nice bounce out of the support zone:

VOIL getting a nice bounce:

FITX is dropping hard:

FNMA broke past 2.05 resistance:

VOIL 60-minute chart on watch:

FNMA trying to climb back up again. Can she fill that huge gap?

LNGLF getting a nice bounce:

Watching ALKM daily chart dip toward a support zone:

I'm in a few DRNE now. Chart looking like it might be good for a bounce here:

FNMA 60-minute chart is curling up now. I bought too early this morning. I should have waited for the dip to finish, but I thought the bonce players would help it get an earlier start.

Watching NHTC daily chart turn downward:

FNMA 60-minute chart crash (I bought a few at 1.71):

MCIG bounced hard today

I stayed away from VIICQ but she sure bounced today:

Bought ALKM .15 support. Seeing if she can go to .25-.26 range.

Watching ALKM 60-minute chart:

Watching VIIC chart drop, except looks like it is a "Q" now, so I'll probably leave it alone:

TRTC got a very pretty bounce. Too bad I missed it:

Watching DRNE daily chart decline. Waiting for what she's ready to bounce:

hehe But it didn't gap today. It traded above and below yesterday's closing price within the first few seconds, and within within the previous day's candle. But I know what you're saying. You're using the word "gap" to indicate that it moved quickly one direction or another, not as it is defined in charting. That's fine.

Yes it was, but then the gap filled. It was not left "open".

Definition of "gap":

http://www.investopedia.com/terms/g/gap.asp

The price movement between the two opening trades and the next trade at .165 which was below the opening price was merely a result of the fact that .165 was where the bid was at the moment. The opening spread was a bit wide. Regardless, those opening trades all fell within the price range of the previous day's candle.

Also the trades went through naturally without a huge space between. .165, .1647, .164, .163 etc.

You said "gapped down". A gap is a technical term indicating that the price opened or closed completely above or below the previous candle (including the wick), thus leaving a "gap".

Yes, the price went down, but it went down from above the previous close to below. That is a downward movement, but not technically a "gap". That's all I was saying.

Comment on Charting:

I saw somebody on another board arguing that charting stocks is like "voodoo" and that nobody can ever forecast what a sock will do with any accuracy through charts. He argued passionately that anybody who can predict a stock should move to Las Vegas because they could make a fortune predicting with gambling. I wrote a long response, but it would of course be understood as "argument" or "criticism" and I'm not interested in engaging in discussion board battles. As a chart trader, his post seemed shockingly ignorant. Well, just for fun, I'll put my post here, where somebody like that will most likely never come across it, since this is a chart-based board, and has hardly any readers. hehe

My reply:


Charting is a very useful tool for stock trading, which is why every stock trading professional in the world uses them. If you really believe it is pure luck, then I have no idea why you would trade stocks. Maybe stick with investing, where if you hold long enough, it might just work out in your favor, but for trading, you need real tools. Things like charts and level 2 are essential tools for serious traders. Yes, it is true that you can best predict which way a stock will turn by looking at a chart that is based on what the stock has done under which conditions so far. A chart graphs facts (not guesses), and then you use a study of patterns and indicators that have historically performed in certain ways to best determine what will happen next. It is 100% accurate? No.

Think of it like weather prediction. Can a meteorologist predict the weather exactly, every single time, to the exact detail? No, but you better believe that they can get it very close most of the time. Why? Because they have programs and tools which study historical performance and compare it to what is happening now. Then they can accurately forecast what is most likely to happen next. Like with charts and stocks, the forecast is more accurate in the more immediate future, and becomes less predictable the further out, because you have less data with which to work when predicting longer term.

Think of it also like predicting who will win a football game. Sure, any team "can" win on any given day. Just flip a coin, right? But you'll have a lot more luck predicting who will win if you look at the performance history of both teams. If one team has stats that are at the top of the pack, and the other hasn't won a came in years, then the odds are you can accurately predict who will win.

Predicting or forecasting stock performance with charts is not "voodoo". When somebody thinks it is, then it is only because they lack a rudimentary understanding of charting. Heart surgery is "voodoo" too, if you're somebody observing from the outside who has no idea what the doctor is doing-- heck, it looks like slaughter. But it is a very precise and purposeful procedure. Just because somebody doesn't understand something doesn't make it "impossible" or "voodoo". If a person chooses to shrug it off as such, then they're simply content with their own ignorance, somehow managing to make themselves feel better that they're in the same league with those who have taken the time to study, practice, and learn. "Random luck" is a comfort to those who are too lazy to swing the odds in their own favor through education.

There wasn't a gap down. The first two trades were above yesterday's close, thus no "gap"

VIIC getting a little bounce off the 50-MA:

I already did. I bought some ENCR on Friday at .207

ENCR on a drop today. Will she bounce?

Thanks! I'll keep an eye on DLIA for sure!

Back in DRIO at .10 support level.

Still watching TRTC around .25

Hmmmm. TBEV triple-zero action held .0006 - .0008 range for a couple of days.