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Re: PennyStockInvestor post# 15910

Wednesday, 03/10/2010 10:25:58 PM

Wednesday, March 10, 2010 10:25:58 PM

Post# of 36553
well brian i know nothing about cprk but i did look at your chart.

nice rally from the low of .0012 to .0054. the gap is nothing but an excuse to short and profit on players that try to catch the falling knife.

rsi tagged overbought at 70. my favorite the sto overbought and is currently still to high for me.

the three down rule, buy on the lows of the third & fourth days. but with cprk i would need the sto to be in the 20% range before i would want in. for that to happen expect a low around .0023/22 hammering back to .0027. then treading sideways until your sto comes into a buy range. if cprk keeps falling stay out until there is a confirmed bottomed on the sto 10%.

one thing i like is the weekly sto plenty of blue sky one could hold cprk for weeks before she is truly overbought and will then retrace for weeks.

my golden #1 rule after i sell i never look back only FORWARD.

http://www.stockcharts.com/h-sc/ui?s=CPRK&p=D&b=5&g=0&id=p44884309770[/img]


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