InvestorsHub Logo
Followers 0
Posts 24870
Boards Moderated 1
Alias Born 08/03/2006

Re: ckid post# 1147

Friday, 06/01/2007 7:05:31 PM

Friday, June 01, 2007 7:05:31 PM

Post# of 31561
Thanks ckid... I'm glad you enjoyed it. I've found that in the OTC & OTC BB markets performing DD is most times just to difficult, time consuming & very suspect. Many will argue that technical analysis doesn't work & that due dilligence is the only way to invest, but thats the key word "invest." I am NOT investing in these play's, I am simply trading them for short term profits. I'll generally scan for stocks within a specific market cap range, that are above .01 and at or very close to their 52wk low. Then I will thin our my searches for the one's that have fallen the fastest and show a modest drop in volume caused by selling. At that point, I'll use the other indicators, such as the Relative Stregnth Index (RSI), which indicates when a stock is becoming over-sold or over-bought. I also like the Bollinger Bands, Moving Average Convergance/Divergance Histogram (MACD Histo), On Balance Volume (OBV) and Volume indicators. Different strokes for different folks, but these are what I feel most comfortable with. But what really makes it work, is that I work with a partner who uses different indicators, together we seem to nail these bottom bounce plays about 85% of the time.



Top Gun Trading Rocks!!!

IHUB Board: #board-9520