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CNES has anyone used this technique?

from another board"

Chartwalker
New Member


Rate Member posted March 13, 2006 20:16
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Hello Board.
Have been a reader for years it seems. I understand everything has its place and its worth, but being a chartist I've learned to like the saying "show me the money." In other words I don't pay much attention to news or PR's... I don't buy unless the market tells me to buy (stock scans).

I believe CNES will start on an upward swing, it started today. This stock has obeyed the "classic" pattern of a micro penny stock breakout. It's fulfilled all of the "unwritten rules" as well. It broke out at .0003 and ran to .001 and returned to test the breakout level of .0003 around 2/21. "In a perfect world" a stock will always come back to retest the old resistance level, if this holds then that becomes the new "support" level and the stock can bounce off and continue higher, -like it did, going to .0017.

The old high which was .001 was tested and could'nt stay above it... [hey at 240% profit who can not cash in?!!].

So I have been waiting for CNES to recheck it's support at .001 which it did for 2 days Hope you bought in!, today it would'nt drop to .001 only to .0011 (bullish) and finished the day in the green.

I have to figure out how to put my Prophet charts with custom numbers on here, I think you'll find them very enlightening

MACD (default setting) isn't going to give you the response you need with penny's, but it can show you where in the trend you are. Instead of using the default settings of 12,26,9 try my numbers - 4,8,8

Go here: http://www.prophet.net/analyze/javacharts.jsp

Click "detach"
click "Tools"
click "Studies"
click "Apply Studies"
under "selected Studies" open the pull down window and find the "MACD (Hist. + 2 lines)"
Click "ADD"
Then go back and adjust the setting to 4,8,8 and click ADD again.

You now will see both MACD indicators and how different they read, notice that my MACD settings are showing that CNES has now a rounded bottom and is going towards positive (!!!)

At stockcharts you can easliy see the pull back points and just where the breakout points where and buy in points. This is a CLASSIC chart, study it!

I could not, nor would I trade the market without indicators! It then is a dice game...

I've tried to talk in simple terms here so even a "newbie" could now put some money in his pocket. See the trend, jump in it, see it weaken, get out. Simple...

So, I'm "showing you the money" so to speak by forecasting an upswing. Nobody is God, but EVERYTHING about this chart and all of my indicators as well as the unwritten rules stocks seem to obey have all been fulfilled.

I have every reason to believe CNES will rise over the next couple of days.

With all due respect board.
Sleep sound, I am!