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Re: silver100 post# 7139

Thursday, 04/27/2006 11:41:24 PM

Thursday, April 27, 2006 11:41:24 PM

Post# of 115222
Very interesting

Really shows the quick spikes in this stock and then the consolidations followed by the next rise.

I don't know if you can really use the RSI/MACD on a penny stocks/illiquid equities.

What I also like to see is that typically, we are seeing large volumes on the rises and a drop off on the consolidation. This last time is a bit different. I believe that there was a large amount of shares that are being sold off around these levels, along with GREAT accumulation, as the stock went up some 700% in a few weeks.

May should be great....